Lentil Flour Market REPORT OVERVIEW
- Request a Free Sample to learn more about this report
The global lentil flour market size is expected to grow from USD 5076.4 million in 2021 and market is projected to touch USD 16101.38 million by 2031, at a compound annual growth rate (CAGR) of 12.1% during the forecast period.
An edible pulse, lentils (Lens culinaris) traditionally made up a significant portion of the diet of ancient Iranians, who ate them as a stew served over rice. Known for its lens-shaped seeds, which come in a variety of hues including green, brown, and red, lentil is a bushy annual plant. It is a necessary component of the diet in all parts of India, Sri Lanka, Pakistan, Bangladesh, and Nepal.
The oldest fertilized legume in the world is the variety of legume known as lentils. Large amounts of the fiber and proteins that the body needs are provided by lentil flour. Brown, green, red, and yellow lentils, among others, are roasted to produce lentil flour, which is then processed into flour either with other ingredients or without them. For customers who are intolerant to gluten or who avoid eating grain flour, lentil flour is a popular replacement. Because it may be used in a variety of ways to benefit the human body, lentil flour is flexible and reasonably priced.
The majority of the world's production of this crop is focused in nations like Australia, Canada, and India as a food crop. Many typical recipes that employ lentil flour as a combination for making bread and snacks are widely available in the same regions.
A great source of fiber, potassium, vitamins, and iron, lentils are also a great source of vitamin. Given that lentils are essentially fat- and cholesterol-free, they are an ideal food choice for a healthy diet. Lentil flour demand in many parts of Europe is rising as a result of the benefits lentils provide for consumers' health.
COVID-19 Impact: Lockdowns and Restrictions Led to Lower Demand in the Market
Covid badly affected the lentils flour market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand. In addition to these factors, changes in perceptions of consumers and purchasing decisions have hampered market trends slightly.
LATEST TRENDS
"Market for Baked Goods to Propel the Demand"
Children and young people are becoming more and more interested in baked goods and snacks like cakes, spaghetti, pizza, pastries, cookies, and other items, which is anticipated to open up new growth potential for the producers of flour premixes. According to projections, the markets for baked goods will increase quickly in Europe and North America.
Lentil Flour Market Segmentation
- Request a Free Sample to learn more about this report
- By Type Analysis
By type, market is segmented into organic lentil flour and conventional lentil flour. The organic lentil flour segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into infant food, bakery & snacks and others. The infant food segment will lead the global share through 2031.
DRIVING FACTORS
"Incorporation of a Healthy Diet into Everyday Life Will Accelerate the Market"
The adaptability of the flour is the main factor influencing demand in the market for lentil flour. The demand for lentil flour has been boosted by consumers' increasing health consciousness. Another factor propelling the lentil flour market is how increasingly people throughout the world incorporate a healthy diet into their everyday life.
Sales of lentil flour are increasing because consumers in urban areas with a high pace of life are more open to ready-to-eat healthy foods. The total demand for lentil flour is rising as a result of rising consumer demand for gluten-free products. The worldwide lentil flour market is also being driven by increased branding and marketing for sales of lentil flour.
"Organic Food Trends to Boost the Market Demands"
With an increase in customer demand for organic food, manufacturers of bakery goods and infant food have begun to provide products to meet this need. Organic trends have mostly taken off and have experienced exponential development. For organic cereals and related products, a good market increase is very expected. Lentil flour is divided into organic and conventional types based on the source to reflect the growing popularity of organic foods.
RESTRAINING FACTORS
"Availability of Substitutes in the Market to Hinder the Demands."
The availability of substitutes, such as high protein flour, medium protein flour, wheat flour, and comparable products, is the main barrier to the market for lentil flour.
Lentil Flour Market REGIONAL INSIGHTS
- Request a Free Sample to learn more about this report
"Europe and North America to Hold Notable Global Lentil Flour Market Share"
Due to the time constraints of daily life, customers all across the world are avidly seeking for better, easier, ready-to-eat foods. Baked goods, such as snacks, can be particularly helpful in these situations. Most frequently consumed in Europe and North America, baked goods like bread are found around the world. When compared to traditional wheat flour, flour blends made of lentil, chickpea, and pregelatinized grains like rice and corn offer healthier alternatives that are also gluten-free. As consumer demand for healthy products and concerns about diet and health increase, these flour blends are increasingly used in baked goods.
Concerns about the use of items made from flour and rising disposable income are what are fueling industry expansion. Due to increasing population density and rising per capita consumption of bakery goods, Asia Pacific and the Middle East and Africa are developing markets. In light of this, it is anticipated that there will be a rise in demand for baked goods over the next few years, which would probably result in an increase in the demand for flours like lentil in various parts of the world.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- The Archer Daniels Midland (U.S.)
- Ingredion Incorporated (U.S.)
- AGT Food and Ingredient (Canada)
- Martinorossi SpA (Italy)
- Molino Rossetto (Italy)
- Pure Living Organic (U.S.)
- Blue Mountain Organics (U.S.)
- Healthy Food Ingredients (U.S.)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 5076.4 Million in 2021 |
Market Size Value By |
US$ 16101.38 Million by 2031 |
Growth Rate |
CAGR of 12.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type Analysis and Application Analysis |
Frequently Asked Questions
-
What value is the lentil flour market expected to touch by 2031?
Over the research period, the lentil flour market will be reaching USD 16101.38 million in 2031.
-
What CAGR is the lentil flour market expected to exhibit by 2031?
The lentil flour market is expected to exhibit a CAGR of 12.1% by 2031.
-
Which are the driving factors of the lentil flour market?
Organic food trends and incorporation of healthy food in everyday lives are driving the lentil flour market.
-
Which are the top companies operating in the lentil flour market?
Molino Rossetto, Pure Living Organic, Blue Mountain Organics and Healthy Food Ingredients are some of the top companies operating the lentil flour market.