Lentil Market Size (2024 - 2029)

Lentil Market Analysis

The Lentil Market size is estimated at USD 5.60 billion in 2024, and is expected to reach USD 6.40 billion by 2029, growing at a CAGR of 2.80% during the forecast period (2024-2029).

• Lentils are a rich source of protein and complex carbohydrates and constitute B-complex vitamins and minerals like iron, magnesium, phosphorus, potassium, zinc, copper, and manganese. Lentils are unusually high in polyphenols, which are powerful phytonutrients that perform a host of positive functions in the body. They are also a rich source of fiber, a nutrient sorely lacking in the modern industrialized diet.
• The lentils market is likely to witness substantial growth in North America and Asia-Pacific owing to their surging consumption of high-protein legumes as food companies include lentils in various food products ranging from breakfast cereals to snacks. In addition, lentils provide a variety of health benefits and play a role in helping people reduce or manage diabetes, obesity, cardiovascular diseases, and some kinds of cancer. Polyphenols (a type of antioxidant) and lectins in lentils contain anti-cancer properties, which may help decrease tumor growth, further aiding market demand for lentils.
• Besides, due to the surging contribution of countries like the United States, Canada, Australia, and India in the production of lentils, the lentils market is likely to witness robust growth over the coming years. According to FAOSTAT, the United States produced 154.0 thousand metric tons of lentils in 2021, which increased and reached 248.0 thousand metric tons in 2022. Likewise, Australia produced 853.6 thousand metric tons of lentils in 2021, which increased and reached 999.5 thousand metric tons in 2022.
• In terms of exports, Australia is one of the largest exporters of lentils. According to the ITC Trade map, in 2023, Australia's exports of lentils amounted to 2,047.9 thousand metric tons, growing from 1,093.7 thousand metric tons in 2022. The main export destinations for lentils from Australia in 2023 included India, Bangladesh, Sri Lanka, the United Arab Emirates, Türkiye, and Egypt. The majority of the lentils from Australia are destined for India, with a volume of 1,046.9 thousand metric tons of export worth USD 663,229 thousand, amounting to 52% of the total exports from Australia in 2023.

Lentil Industry Segnentation

A lentil is an edible legume, one of the majorly produced and consumed pulses, well known for its lens-shaped seeds, and sold with or without the shell. Brown, puy, green, yellow, red, and beluga are types of lentils consumed worldwide. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers an analysis of production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trends. The report offers market sizes and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.