From 2023 to 2033, the United States lentil bread market is estimated to accelerate at a healthy CAGR of around 8.1%. The worldwide market for lentil bread is worth US$ 616.5 million in 2023 and is projected to reach US$ 1249.2 million in 2033. According to Future Market Insights (FMI), China, the United States, the United Kingdom, and India are likely to emerge as the most dominant markets between 2023 and 2033.
The key reason for increasing lentil bread demand in the United States is the rising interest in plant-based and gluten-free dietary options among consumers. With consumers looking for healthier alternatives to wheat bread, lentil bread is growing in prominence because it is gluten-free. It is also a fantastic source of iron, and rich in protein and fiber, zinc, and potassium as well.
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Lentil bread is a plant-based food, making it suitable for vegans and vegetarians. The global market for lentils is presently being driven by population expansion in developing nations, which continue to rely on lentil for their protein diet. Changing dietary habits across industrialized countries where people choose healthy, nutritious, and sustainable foods is also contributing to market expansion.
Increasing consumption and production of lentils in North America, primarily Canada, is ensuring the progress of the North America lentil bread market. Canada accounts for a large share of the development of the North America market owing to its prominent role in the production and trade of lentils. In the United States, expansion of urban populations, rising incomes across households, and altering dietary preferences are paving the way for increasing lentil bread demand.
In recent years, awareness regarding health has been steadily growing among the country’s population. Due to this, consumers want convenient accessibility to organically grown lentils. As a result, organized food retailers in the United States are increasing the availability of organic lentils across supermarkets, retail stores, hypermarkets, and online sales channels. The United States market is also home to prominent players in the lentil bread industry such as King Arthur Flour, Whole Foods Market, and BFree Foods. All in all, it’s safe to say that the future of the United States market for lentil bread looks promising.
Key Takeaways from the Lentil Bread Market
- The global lentil bread market is set for a US$ 616.5 million valuation in 2023.
- From 2023 to 2033, the market is projected to accelerate at a robust 1% CAGR.
- In 2033, a US$ 1249.2 million valuation is projected for the global lentil bread market.
- Rising awareness of lentil bread’s health benefits over other types of bread among consumers is slated to drive market acceleration in the United States.
- Canada is also set to play a prominent role in expanding the market for lentil bread in North America.
“Another trend influencing the lentil bread business is the rising popularity of high protein bread. With consumers looking to increase their protein intake, high-protein breads like lentil bread is bound to become more popular in the coming years. This trend is predominantly gaining traction among bodybuilders and athletes.” -Says an FMI Analyst.
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Competition Landscape in the Lentil Bread Market
The lentil bread market is highly fragmented and consists of numerous global players. With a large client base, strong brand recognition, and extensive distribution network, market players are engaged in stiff competition. Manufacturers are anticipated to try and maintain their positions by implementing various expansion strategies.
BFree Foods, Whole Foods, and King Arthur Flour are the key players in the United States lentil bread market.
Recent Developments
- In September 2022, Canada-based Blendtek Ingredients Inc., a leading ingredient solutions and merchandise development company, announced that it has joined forces with Bunge, the world’s leading ingredients and food company, to diversify into more plant-based alternatives to bring plant-based protein in North America and other markets.
- In December 2022, the United States Food and Drug Administration (FDA) unveiled its seal of approval for cultured meat. The FDA has completed its first premarket consultation on meat from cultivated animal cells.
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Key Segments
Source:
- Organic
- Conventional
Type:
- Red Lentil
- Green Lentil
- Brown Lentil
- Yellow Lentil
Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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