Water Lentil are the acquatic plants grown in water. They have a high yielding rate, where they can double within 16-32 hours, because of which they can be harvested on a daily basis and yearly too. Water lentils are ecofriendly. The protein that is derived from these water lentil is called as water lentil protein. Water lentil protein that is available for used in food and beverages industry has been developed by few major players. This water lentils consists of 68% protein, the flour that is made from the water lentils consists of 7 grams of dietary fiber, with 100% daily value iron, 25% DV Calcium along with magnesium and Phosphorus in 20% and 10% DV.
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On the basis of Application it can be segmented as Protein Beverages, Cold-pressed juices and Healthy Snacks. On the basis of Region the market is segmented such North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Water Lentil protein market is currently in a nascent stage and it is expected to experience exponential growth in demand due to the increased need of plant based protein around the globe. Water Lentil protein demand is majorly derived due to the rising demand for plant-based proteins in a variety of food & beverage applications such as bakery products, beverages, cold pressed juices etc. Water Lentil protein is also looked upon as a very healthy alternative to animal derived proteins. Also the rising trend of organic food products is leading to increase in healthy food options, which is indirectly impacting the demand for water lentil protein market. The European and North American markets are the largest contributors to the growth of the Water Lentil Protein market. Growth in increased use of plant based protein in regions like Africa and Asia pacific is also expected to boost the growth of the overall Water Lentil Protein market.
In North America, the trend in the Water Lentil protein market is stable with major plant based protein use for food and beverage applications, in terms of usage the trends in Europe are similar to the US market. Asia is one of the biggest market for Water Lentil Protein. In Asia Pacific from China, India and Japan are expected to contribute to the growth of the Water Lentil Protein market. In Middle East and Africa, Water Lentil market is mostly expected to have a very slow growth in the forecast period. In Western Europe, the Water Lentil market is expected to grow steadily despite declining economies.
Water Lentil Protein Market: Key Players
• Parable Inc.
• Biorefinery Solutions.