Lentil protein is rapidly gaining traction in the global market as consumers increasingly turn to plant-based and protein-rich ingredients. With an average protein content of 26%, lentils are emerging as a crucial source of dietary protein for over a billion people, offering substantial potential for innovative plant-based foods. This trend is not only addressing health concerns but also contributing to the fight against malnutrition and world hunger.
Health-Conscious Consumers Fuel Demand
The rising prevalence of health issues such as obesity, diabetes, and heart disease has heightened consumer awareness regarding the importance of healthier food choices. As more people seek foods with reduced sugar, salt, fat, and calories, a growing number are turning to plant-based protein sources. Ethical and religious considerations are driving the vegan movement, which, as of January 2021, had attracted approximately 79 million followers worldwide. Although still representing a minority, this trend is gaining momentum. The shift towards veganism aligns with concerns over cardiovascular diseases, with over 17.9 million annual deaths globally, largely in low- and middle-income countries, according to the World Health Organization. Studies also suggest a link between excessive meat consumption, particularly red meat, and cardiovascular disease.
Protein Isolate Segment Takes the Lead
Within the lentil protein market, the protein isolate segment is experiencing the highest growth rate. Protein isolates represent the most refined form of protein products, boasting a higher protein concentration, along with desirable attributes such as color, flavor, and functionality. This makes them ideal raw ingredients for beverages, infant foods, childrens foods, and specialized dietary products. The surge in health consciousness worldwide, coupled with a rising number of health-related issues associated with malnutrition and obesity, has fueled the demand for protein isolates.
North America Leads the Charge
North America is at the forefront of the global lentil protein market, with a significant share due to the increasing demand for healthy snacks and canned lentils in the food processing industry. The regions growing interest in vegetarianism and the rise of plant-based protein products align with the growing health concerns related to obesity, cardiovascular disease, and diabetes. Over the last 15 years, the number of Americans following vegan or plant-based diets has surged by nearly 300%, reaching almost 3% of the population.
Asia Pacific Emerges as a Growth Hotspot
During the forecast period, Asia Pacific is poised to exhibit the fastest growth in the lentil protein market. This surge is attributed to the increasing awareness of protein-rich diets, growing health consciousness, advancements in food and beverage technology, and readily available raw materials. China, in particular, is expected to drive significant demand for lentil protein due to its popularity among environmentalists and vegans as a sustainable and cruelty-free protein source.
Competitive Landscape
Companies in the lentil protein market are actively launching new products and engaging in collaborations and partnerships. In May 2022, Cargill announced plans to build a new soybean processing plant to address the rising demand for oilseeds driven by the food, feed, and fuel sectors. Meanwhile, Global Food and Ingredients Inc. completed the asset purchase of Bentilia, a lentil-based pasta brand, further expanding its presence in the growing plant-based pasta industry.
Key Players in the Market
Prominent players in the global lentil protein market include Archer Daniels Midland Company, Cargill Inc., Parabel USA Inc., Henry Broch Foods, Ingredion Inc., and BI Nutraceuticals, Inc.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/lentil-protein-market
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COMTEX_442048293/2840/2023-10-17T23:11:47
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