$213.48 Million projected for Lentil Protein Market by 2032 (4.8% CAGR)

Lentil Protein Market Size Worth $213.48 Million By 2032 | CAGR: 4.8%


The global lentil protein market size is expected to reach USD 213.48 million by 2032, according to a new study by Polaris Market Research. The report “Lentil Protein Market Share, Size, Trends, Industry Analysis Report, By Product Type (Protein Isolates, Protein Concentrates, Flour, and Other Product Types); By Nature; By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The exponentially rising adoption of vegan and vegetarian diets across the globe due to ethical, environmental, and health reasons and the emergence of lentil protein as a valuable addition to these diets as it provides a complete source of plant-based protein are prominent factors boosting the growth of the market. In addition, the rapidly surging focus and marketing efforts of major food companies, retailers, and health organizations towards educating consumers regarding the numerous benefits of lentil protein and the introduction of new and improved with enhanced characteristics are likely to influence the market drastically.

For instance, in July 2023, Kemin Industries launched  its new fat-block topical solution named ‘InnoBLQ’ in North America. The new products will be available in two different forms, including lentil protein and pea protein, and can be used depending on the application.

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The rapidly increasing technological innovations in extraction, purification, and product development, which are likely to improve and enhance characteristics of lentil protein products with enhanced functionalities and better sensory attributes and surge in the number of people seeking products with transparent and clean labels indicating natural and minimally processed ingredients, have paved the way for higher product adoption across the world.

Furthermore, there has been a rising prevalence of innovations in agriculture, including precision farming techniques and sustainable cultivation practices, which have significantly improved lentil yields and quality, addressed environmental concerns, and supported market growth. Besides this, there has been a growing exploration of several encapsulation methods in recent years to protect lentil protein from degradation and to improve its stability during storage and processing, thereby influencing the market at a rapid pace.  

Lentil Protein Market Report Highlights

  • Protein isolates segment accounted for the largest market share in 2022, owing to its rising adoption as an effective nutritious and sustainable alternative
  • Organic segment held the largest share, which is mainly driven by increasing need and demand for natural and organic products
  • Nutraceuticals segment is expected to gain highest growth, due to surging product incorporation in different dietary supplements and protein products
  • North America region led the industry, on account of rising R&D activities focused on developing enhanced lentil-based products
  • The global key market players include Lovate Health Sciences International, BI Nutraceuticals Biorefinery Solutions, Henry Broch Foods, and GEMEF Industries

Polaris Market Research has segmented the lentil protein market report based on product type, nature, end use, and region:

Lentil Protein, Product Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Protein Isolates
  • Protein Concentrates
  • Flour
  • Other Product Types

Lentil Protein, Nature Outlook (Revenue - USD Million, 2019 - 2032)

  • Organic
  • Conventional

Lentil Protein, End Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Food Processing
  • Bakery & Confectionery
  • Meat Alternatives
  • Functional Foods
  • Dairy Replacements
  • Infant Foods
  • Animal Feed
  • Nutraceuticals
  • Others

Lentil Protein, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Lentil Protein Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 140.36 million

Revenue forecast in 2032

USD 213.48 million

CAGR

4.8% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Product Type, Nature, End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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