Lentils are pulses which are rich providers of protein and carbohydrates. They are a good source of calcium, phosphorus, iron and B vitamins which make them an important staple food all over the world. Apart from nutritional benefits, pulses also help to prevent and combat chronic health issues such as diabetes, heart diseases and obesity. During 2014-2018, the global lentil market grew at a CAGR of around 6% . The market is currently being driven by increasing population in developing countries which continues to rely on pulses for protein diet and changing dietary habits in developed nations where people are opting for healthy, nutritious and sustainable foods. This report by Expert Market Research entitled “Lentil Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the lentil market.
Historical market trends for the lentil industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global lentil market into the following regions – Canada, India, Turkey, Australia and the United States of America. Canada currently represents the largest market. Additionally, the report has analysed the global market for lentil on the basis of its end use. Retail stores represent the biggest end use market followed by the snack food industry.
The value chain analysis of lentil has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the lentil industry has also been provided. Some of the key players in this market include AGT Foods and Ingredients, Broadgrain, Simpson Seeds Inc., ADM-Benson Quinn, Adani Wilmar Pvt. Ltd. and Cargill Foods India.
This report provides an exhaustive insight for setting-up and running a lentil manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global lentil market?
- Which are the biggest markets (regions) for lentil?
- What are the major types of lentil? Which are the most popular?
- What are the key application areas for lentil?
- Who are the key manufacturers in the lentil market?
- What are the land and construction requirements to start a lentil manufacturing plant?
- What are the machinery requirements to start a lentil manufacturing plant?
- How are lentils priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a lentil manufacturing plant?
- What are the running costs of a lentil manufacturing plant?
- How much revenue can a lentil manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the lentil industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.