The global lentil bread market is estimated to reach a worth of US$ 616.5 million in 2023. From 2023 to 2033, a positive 8.1% CAGR is likely to keep the market ticking. A US$ 1249.2 million is likely for the global market in 2033.
Lentils are used to prepare curries, sauces, sauces, stews, salads, soups, and spreads. Along with the thriving food & beverage industry, rapid urbanization, sedentary lifestyles, and rising spending are likely to emerge as the key drivers of market expansion in Europe. The demand for ready-to-eat foods is increasing and this is anticipated to contribute to the progress of the Europe lentil bread market.
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Clean and healthy eating trends and growing health consciousness among consumers are also poised to propel the market. Key players are offering value-added products such as organic low glycemic index lentil flours along with gluten-free and non-GMO variants.
The development of organized distribution channels in the form of offline retailers and online shopping channels are driving the lentil bread market in Europe. Characterized by its mild taste, smooth texture, and high starch content, yellow lentil is suitable for binding ingredients together, making it popular for making a variety of breads in Europe.
Key Takeaways from the Lentil Bread market
- The United Kingdom lentil bread market is estimated to reach a valuation of US$ 137 million in 2033.
- The current valuation of the United Kingdom market is around US$ 53.7 million.
- From 2023 to 2033, FMI expects the United Kingdom market to have a 9.4% share in the global market.
- A robust 8.9% CAGR is anticipated to accelerate the United Kingdom market between 2023 and 2033.
- The growing prevalence of healthy eating is likely to encourage consumers across Europe to switch to lentil bread from conventional variants.
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“Innovations in flavors and variations are also shaping the demand for lentil bread as businesses introduce new varieties and flavors to meet altering customer needs. The rising popularity of lentil bread in the hospitality industry and the establishment of new cafes and restaurants offering lentil bread as a substitute to traditional variants is also impacting the Europe market.” –Says an FMI Analyst.
Competition Landscape in the Lentil Bread Market
Manufacturers in the Europe market for lentil bread are grounded in their commitment to serve gluten-free and protein-rich food to their customers. The key players’ emphasis is primarily on quality, accessibility, and excellent service. To expand their shares in the market the manufacturers are focusing on mergers and acquisitions along with product development.
Warburtons, Genius Foods, and Doves Farm Foods are the prominent players in the Europe lentil bread market.
Recent Developments
- In November 2022, Beyond Meat Inc. announced the inauguration of Beyond Popcorn Chicken and Beyond Chicken Nuggets. The products complement the firm’s popular Beyond Chicken Tenders. Beyond Popcorn Chicken and Chicken Nuggets contain 14 grams of plant-based protein derivative from a mixture of fava beans and peas, replacing traditional breadcrumbs. It has 50% less saturated fat than the leading brands of crusted chicken nuggets, 0 mg cholesterol, and no added antibiotics.
- In December 2022, Philadelphia-based company ‘Cream Cheese’ announced the launch of a dairy-free version of its mark cream cheese spread. The spread is normally made with broad bean protein, coconut oil, and other components to mimic the notorious spread. The spread encompasses no flavors or colors and is dairy, lactose, and gluten free.
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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 Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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