Global Lentil Market Reached a Volume of 5.3 Million Tons in 2015 with Canada as the Largest Producer

Lentils represent a rich source of various nutrients important for good health. Apart from direct human consumption, the use of lentils in the food and beverage industry is also rising, thus resulting in a growing demand worldwide. The global lentil market reached a volume of 5.3 Million Tons in 2015 growing at a CAGR of around 10% during 2008-2015.



IMARC Group’s report titled, “Lentil Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue”, provides a detailed analysis of the global lentil market. Lentils come in a large number of varieties with the most common lentil types being – yellow, red, green, brown and black. They are considered wholesome foods as they are a good source of folate, iron, manganese, phosphorus, thiamine, potassium, Vitamin B6 and a host of other important nutrients. Many studies suggest that increasing the consumption of lentils along with other plant foods can help in reducing the risk of various lifestyle diseases. The folic acid, magnesium, calcium, potassium and fibre present in lentils help in keeping a good heart health and blood pressure. The high fibre present in lentils also helps in increasing satiety, reducing appetite, losing weight and keeping a healthy digestive system. Lentils also help in fighting fatigue resulting from iron deficiency as they are a rich source of non-heme iron. The selenium found in lentils helps in decreasing tumour growth, improving immune system, preventing inflammation and detoxifying the body which ultimately help in reducing the risk of cancer. 

The report finds that the global lentil market reached a volume of around 5.3 Million Tons in 2015, growing at a CAGR of around 10% during 2008-2015. As a result of their numerous health benefits and low-cost, lentils are witnessing an increase in demand worldwide, particularly in developing regions such as India, Pakistan, Sri Lanka and Bangladesh where the increasing disposable incomes and growing health consciousness are driving their direct human consumption. Their long shelf life and ease of cooking also make lentils a preferred food among both the developed and developing regions. The demand for lentils in the food and beverages industry is also increasing as they are being used to enhance the aroma and taste of ready-to-eat foods. The flour and fractions of split lentils are also used in batters, snack foods, bakery products, breading, beverages and meat products. Moreover, the growth of the organised food retail sector is also likely to positively affect the global demand for lentils. Looking forward, IMARC Group expects the global lentil production to grow at a CAGR of around 5.1% during 2016-2021 reaching a volume of 7.1 Million Tons by 2021.

The report has analysed the lentil market on the basis of key global regions. Canada is currently the largest lentil producer accounting for more than a third of the global production. Canada is followed by India, Turkey, Australia and the United States. On analysing the export and import trends, the report finds that Canada represents the biggest exporter of lentil accounting for more than two-thirds of the total global export volumes. Canada was followed by Australia and the United States. India, on the other hand, represents the biggest importer of lentil accounting for nearly a quarter of the total global import volumes. Other major importers of lentil include – Turkey, Sri Lanka, Pakistan, Columbia, Egypt, UAE, Bangladesh, Spain, and Iran.

The report gives a detailed roadmap for starting a lentil processing plant. The study, done by one of the leading research and advisory firms, covers all the requirements of the global lentil market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the lentil processing industry in any manner.

 

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