What is Lentil Protein Market Scope?
The demographic changes coupled with growing consumer inclination toward a healthier lifestyle have played a key role in boosting the interest levels for lentil proteins. The lentil is an edible legume. Protein fortification helps in improving the nutritive profile of everyday food products giving them high-protein labels. Consumer preference for protein-rich products is rising because of the increasing incidence of lifestyle-related diseases and weight management. This will augur well for the market, creating scope for its expansion.
The Lentil Protein market study is being classified by Type (Organic Lentil Protein and Conventional Lentil Protein), by Application (Food and Beverages [Bakery & Confectionery, Snacks & Cereals, Meat Additives, Beverages, Others], Infant Nutrition, Sports Nutrition, Pharmaceuticals, Animal Feed and Others) and major geographies with country level break-up. According to AMA, the Global Lentil Protein market is expected to see growth rate of 4.8%
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Lentil Protein market throughout the predicted period.
Ingredion (United States), Cargill (United States), AGT Food and Ingredients (United States), The Archer Daniels Midland (United States), Batory Foods (United States), Parabel (United States), Biorefinery Solutions (Netherlands), Henry Broch Foods (United States), BI Nutraceuticals (United States) and Vestkorn (Norway) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are GEMEF INDUSTRIES (France), Barentz (Netherlands) and AMCO Proteins (United States).
Analyst at AMA have segmented the market study of Global Lentil Protein market by Type, Application and Region.
On the basis of geography, the market of Lentil Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2019. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
In March 2020, ADM expanded its production of non-GMO soy protein concentrate in the Netherlands. The aim behind the production expansion was to strengthen the production capacity of plant-based ingredients
In August 2019, the company Parabel USA Inc. (Vero Beach, FL) has launched a neutral-colored pure protein hydrolysate prepared from lentils (water lentils), and an allergen-free substitute for other plant proteins for instance soy and pea
Influencing Market Trend
- Veganism and Vegetarianism Lifestyle to Boost Botanicals Trend
- Growing demand due to Snacking and On-the-go Trend is New Normal for Consumers
- Alternative Proteins are Gaining Share
- Increasing Demand for Allergen-Free Natural Products
- Lentil Protein Sees Lucrative Prospects as Emerging Nutraceutical Supplement in Sports Nutrition
- Demand for Quality Livestock Feed Creates
- The price of lentil flour is on the higher side as compared to protein isolates and concentrates
- Stringent Government Regulation Regarding the Food Products
Key Target AudienceManufacturer, Distributors, Suppliers, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research & Media features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.