Global Water Lentil Protein Market is likely to reach over US$ 150 Million by the end of 2027. Water lentil protein is a free floating micro aquatic plant. It grows in ponds, freshwater lakes, lagoons and wetlands. It is a high yield producing plant. It can be harvested everyday as it grows every 16 to 30 hours. The 100 percent of produce can be harvested. It is used in production of many high value products. It is mostly used in bakery, beverages and for animal feed.
It has high levels of calcium and protein. It has 60% of crude protein and an amino acid which is higher than any plant based protein. It is also rich in vitamins B12 and other minerals, nutrients. It is high in carotenoids and other antioxidants such as Leutin and flavonoids. It has been known as the world’s most nutritional plant based protein. It has a long history of use in South Asian regions. The demand for Water lentil protein is driven by the recent trend of veganism and organic food consumers. The rise in health consciousness is another key factor for growth. It is gluten and diary free.
Therefore it is seen as an alternative to animal based protein. Water lentils are a great alternative for manufacturers looking for non GMO plant based proteins. The water lentil proteins are organic and it has little or no artificial colors or sweeteners. This has driven the demand for lentil protein in the global market.
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Though the market for water lentil protein is currently in a nascent stage it is expected to grow exponentially in the coming years. The economic, health and environmental benefits of Water lentil protein market will steer the growth. Moreover plant based food are inexpensive with high nutrition, there is an upward trend in consumption of such products.
The need for sustainable development and combating climate change, the water lentil protein market is a promising solution for such challenges. The water used in the production of lentil protein can be recycled and used. This makes the cost of production of lentil protein low compared to other plants. The yield is also high as the plant can be harvested every day. The cost of setting up a plant is low and duration is not more than three months. These features makes the Lentil protein market a highly profitable business.
Achieving desired nutritional profile and tasty product are some of the challenges in Global water lentil protein market. Also the rapidly growing plant need to be monitored and tracked during cultivation poses a concern.
Market segmentation
Water Lentil Protein Market can be classified on the basis of application and region.
By application, the water lentil protein market can be divided into animal feed industry and food & beverage industry, Cosmetics and personal care, Pharmaceuticals. Food & beverages segment dominates the global water lentil protein market. Increasing urbanization and lifestyle changes, protein based diet has gained popularity among this generation who needs plant based proteins. There is a growing market acceptance for food supplements derived from proteins.
By region, Water lentil protein market can be classified into North America, Asia-pacific, Europe, Latin America, Middle East and Africa.
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Regional analysis
Regionally, North America and European regions are the largest contributor to the growth of the Water lentil protein market. Increasing vegan population and consumer awareness about healthy food are the reasons for the growth of the Water lentil market in this region. The high consumption of beverages and energy drinks contributes the demand for the Water lentil protein market.
Asia pacific region is expected to grow fastest in the forecasted period of 2020-2027.As the Asian countries eat more plant based food compared to Western countries. Singapore leads the market in terms of consumers of plant based foods. The advancements in vertical farming, urban agriculture and growing investments in local farming are encouraging plant based manufacturers to do business in the region.
The growth in the users of water lentil proteins in Asia and Africa is said to impact the global market favorably.
Competitor analysis
There are very few key players in Water Lentil protein market. They are Parable Inc., Lentein, Aquible, Biorefinery Solutions and other market players.
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