The world of lentil production is ever-changing, with various factors influencing the marketplace's dynamic movements. This comprehensive report provides a critical understanding of the Global Lentil Market, deep-diving into crucial areas. Armed with this knowledge, executives can harness key trends and drive growth decisions.
The report reveals that shifts in dietary preferences due to increasing disposable incomes have sparked unique changes. Despite some regions experiencing population growth rates exceeding their agricultural production rate, the more substantial trend indicates reduced lentil consumption in favour of other protein sources. Furthermore, the report examines the primary lentil producers, including Canada, India, Australia, Turkey, and the United States, focusing on the particular challenges facing each region, such as weather conditions and price fluctuations.
Moreover, with India emerging as a significant lentil importer, the report offers valuable insights into the major exporters to the country and explores the reasons behind its demand growth. By purchasing this indispensable report, you gain access to unrivalled expert analysis and concrete market data that will underpin your strategic business decisions.
Lentil Market Trends
Major Producers of LentilsAccording to FAO, the global production of lentils was 7130.7 thousand metric tons in 2017, which has decreased by 8.32% and reached 6537.5 thousand metric tons in 2020. Canada and India are the major producers of lentils, which accounted for 43.8% and 18.0%, respectively; in 2020. The global lentil production is decreasing due to various reasons such as poor weather conditions, reducing demand, and so on. However, a few major producers such as Canada, Australia, and the United States have witnessed 20.39%, 46.3%, and 37.5% growth in 2020 when compared to 2019. However, the production of India Lentils has decreased for the current crop season 2020 due to farmers shift in other crops, pandemic impact and weather conditions.
India is a major importer of LentilsIndia has imported around 1,061,305 metric tons of lentils in 2020, which was valued at USD 580.8 million in the same period. Canada, Australia, United Arab Emirates and the United States are the major exporters of lentils to India. Canada accounted for 81.5% of the import market value, followed by Australia and the United Arab Emirates, respectively; in 2020. The import of lentils by the country was fluctuating due to the dynamic supply of lentils in the country. The import of lentils by India has increased due to the poor harvest in the crop season 2020-2021. However, the government of India has projects the import of pulses to fall by 50% which might also have a negative impact over the lentils import in the upcoming crop season 2021-2022.
Additional benefits of purchasing the report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1.2 Scope of the Study
4.2 Market Drivers
4.3 Market Restraints
4.4 Value-chain Analysis
5.1.1 North America
184.108.40.206 United States
5.1.4 South America
5.1.5 Middle East and Africa
220.127.116.11 United Arab Emirates