Global Lentil Protein Market, By Nature (Organic and Conventional), Form (Isolates, Concentrates and Hydrolysates), End Use (Food and Beverages, Infant Nutrition, Sports Nutrition, Pharmaceuticals, Animal Feed and Others) – Industry Trends and Forecast to 2029.
Lentil Protein Market Analysis and Size
Lentil proteins have gained enormous popularity in recent years due to their potential advantages over meat-based proteins and other nutritional benefits. The lentil protein market has seen significant movement over the last decade, owing to changing consumer behaviour as more food brands launch lentil protein products.
Data Bridge Market Research analyses that the lentil protein market was valued at USD 117.38 million in 2021 and is expected to reach the value of USD 212.48 million by 2029, at a CAGR of 7.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Lentil Protein Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Nature (Organic and Conventional), Form (Isolates, Concentrates and Hydrolysates), End Use (Food and Beverages, Infant Nutrition, Sports Nutrition, Pharmaceuticals, Animal Feed and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Glanbia plc. (Ireland), Now Health Group, Inc. (U.S.), Nutiva Inc (U.S.) The Simply Good Food Co (U.S.), Iovate Health Sciences International Inc. (Canada), MusclePharm Corporation (U.S.), Kerry Group Plc (Ireland), CytoSport, Inc. (U.S.), The Nature's Bounty Co. (U.S.), Reliance Vitamin Company, Inc. (U.S.), Herbalife Nutrition, Inc. (U.S.), Danone SA (France), General Nutrition Centers (GNC) Holdings, Inc. (U.S.), Orgain Inc. (U.S.), True Nutrition (U.S.)
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Opportunities
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Market Definition
The lentil (Lens culinaris) is an edible legume (Fabaceae) family legume. The seeds are lens-shaped and grow in short, thick flat pods. Lentils are available in a variety of shapes, sizes, and colours. Lentil proteins are derived from lentils containing lysine, glutamic acid, arginine, and aspartic acid. Lentil is also high in essential amino acids, which are hard to find in other lentil protein sources.
Lentil Protein Market Dynamics
Drivers
- Rising cases of obesity as well as increasing public awareness
More and more consumers are becoming concerned about their health. Food products containing synthetic colours and additives provide exciting tastes and flavours to food products but have a long-term negative impact on the body. As consumers become more aware of these additives and preservatives, they are opting for healthier foods that will help them maintain their health. The majority of consumers consumes functional foods, dietary supplements, and other nutritional supplements.
Rise in social media marketing
The growing millennial population and increased social media marketing will open up even more opportunities, propelling the lentil protein supplements market forward during the forecast period. Rising celebrities' endorsements and promotion of the benefits of plant-based diets will contribute to market growth.
Opportunity
Consumers are turning to meat analogues or meat substitutes as a result of the negative publicity surrounding animal-based products. These products are high in protein and contain essential amino acids, which help meet the daily protein intake demand. When animal protein sources are unable to meet all of the essential dietary requirements, consumers turn to vegan products to meet their dietary needs. However, it contains essential amino acids, which is why it is becoming a popular meat substitute. As a result, the market is benefiting from the rising demand for meat analogues.
Restraints
During the forecast period, the availability of low-cost substitutes, negative publicity, and side effects will impede the growth of the lentil protein supplements market. Lentil proteins are consumed by vegetarians, but allergies in consumers, such as lactose intolerance, will act as a restraint, further challenging the growth of the lentil proteins market during the forecast period.
This lentil protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the lentil protein market report provides details of new recent developments, trade regulations, import-export analysis, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Lentil Protein Market
The ongoing COVID-19 pandemic has altered the food and beverage industry significantly. Several key strategies have emerged as brands investigate the feasibility of implementing various strategies to mitigate the pandemic's losses. At the moment, innovations and research in the plant-based protein sphere have seen significant growth, as more consumers are shifting toward plant-based protein consumption amid the ongoing pandemic due to looming uncertainty and safety concerns surrounding meat consumption. Furthermore, with the ongoing COVID-19 pandemic in many parts of the world, pea, soy, and lentil proteins have emerged as an excellent substitute for meat-based proteins. While offline sales are expected to fall significantly as a result of several countries' lockdown measures,
Recent Development
- In May 2020, Danone announced the commercial availability of its Vega One lentil protein products in China, with the Vega One Sport aimed at athletes. This product contains a variety of proteins derived from various sources, including pumpkin seeds, alfalfa, sunflower seeds, and peas.
- In May 2019, Burcon NutraScience Corporation announced a joint venture partnership with an investor group to build a new C$65 million commercial production facility for pea and canola proteins in Western Canada. Burcon's Peazac and Peazazz pea proteins, as well as Nutratein, Puratein, and Supertein canola proteins, will be delivered by the plant.
- Roquette Frères Le Romain announced a €40 million investment in its Vic-sur-Aisne facility in June 2018 to increase pea processing capacity and respond to a rapidly growing market.
Global Lentil Protein Market Scope
The lentil protein market report provides details of new recent developments, trade regulations, import-export analysis, is segmented on the basis of nature, form and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Nature
- Organic
- Conventional
Form
- Isolates
- Concentrates
- Hydrolysates
End use
- Food and Beverages
- Infant Nutrition
- Sports Nutrition
- Pharmaceuticals
- Animal Feed
- Others
Lentil Protein Market Regional Analysis/Insights
The lentil protein market is analysed and market size insights and trends are provided by country, nature, form and end use as referenced above.
The countries covered in the lentil protein market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the lentil protein market due to rising vegan diet awareness and social media brand campaigning.
Asia-Pacific is expected to grow from 2022 to 2029 due to growing urbanisation, rising disposable income, and increased spending on natural ingredient development.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lentil Protein Market Share Analysis
The lentil protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to lentil protein market report provides details of new recent developments, trade regulations, import-export analysis.
Some of the major players operating in the lentil protein market are:
- Glanbia plc. (Ireland)
- Now Health Group, Inc. (U.S.)
- Nutiva Inc (U.S.)
- The Simply Good Food Co (U.S.)
- Iovate Health Sciences International Inc. (Canada)
- MusclePharm Corporation (U.S.)
- Kerry Group Plc (Ireland)
- CytoSport, Inc. (U.S.)
- The Nature's Bounty Co. (U.S.)
- Reliance Vitamin Company, Inc. (U.S.)
- Herbalife Nutrition, Inc. (U.S.)
- Danone SA (France)
- General Nutrition Centers (GNC) Holdings, Inc. (U.S.)
- Orgain Inc. (U.S.)
- True Nutrition (U.S.)
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