Global Lupin Market Size, Trends, and Growth Opportunity, By Product Type (Flour, Flakes, Protein Concentrates), By Application (Food & Beverage, Dietary Supplements, Animal Feed, Cosmetics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Report ID : IR1002429 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 252
Global Lupin Market Size, Trends, and Growth Opportunity, By Product Type (Flour, Flakes, Protein Concentrates), By Application (Food & Beverage, Dietary Supplements, Animal Feed, Cosmetics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Lupin Market
The global Lupin market was valued at USD 333.00 Million in 2022 and is expected to expand to USD 426.33.00 Million in 2030 at a CAGR of 2.69% during the forecast period 2023- 2030.
A portion of traditional food in Mediterranean cuisine used to prepare ingredients like Lupin flour, and Flakes is called Lupin. Also, it is known as lupini beans & a part of a healthy habitat.
Market Drivers
Major driving factors for the growth of the Lupin market are the increasing demand for vegan products and rising awareness for dairy substitutes to gratify the dietetic need.
Moreover, a lupin bean is a center of fiber, protein, and dynamic vitamins, which makes it popular among health-conscious customers.
In the food and beverage industry, growing demand for lupin is also a main driving factor for the growth of the market.
Market Restraints
Allergic reactions persuaded by lupin in few people and the absence of awareness about this product are the main restraining factors for the growth of the lupin market.
Market Segmentation
The global Lupin market is segmented based on Product Type, Application, and region. On the basis of Product Type, it is segmented into Flour, Flakes, and Protein Concentrates. Based on Application, it is segmented into Food & Beverage, Dietary Supplements, Animal Feed, Cosmetics, and Others. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Regional Analysis
Europe is expected to dominate the global market owing to the growing usage of lupin in the food and beverage industry united with the existence of a large no of the manufacturer in this region.
Asia Pacific is estimated to witness lucrative growth in the market due to the rising food and beverage industry coupled with the increasing preference of the people towards low calories food products in this region.
Key Players
Various key players are listed in this report such as Blooming Foods, Lupina, Frank Food Products, Soja Austria, Lupins for Life, Coorow Seeds, Golden West Foods Pty. Ltd., Barentz International, Terrena, Ugaoo.
Industry Developments
In September 2020, Puris Foods expanded its larger facility in Dawson, Minnesota to increase its product portfolio of Lupin Flour. The product involves processing including de-hulling and milling.
In February 2022, UK plant-based manufacturers; Better Nature launched alt-meat products made with fermented lupin.
In February 2022, plant-based nutrition company; Mikuna launched lupin-derived protein powder which is already outselling pea & soy protein.
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Clove Bud Essential Oil Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Lupin Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Lupin Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Lupin Market Share Analysis, By Product Type
5.3 Global Lupin Market Size and Forecast, By Product Type
5.3.1 Flour
5.3.2 Flakes
5.3.3 Protein Concentrates
6 Global Lupin Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Lupin Market Share Analysis, By Application
6.3 Global Lupin Market Size and Forecast, By Application
6.3.1 Food & Beverage
6.3.2 Dietary Supplements
6.3.3 Animal Feed
6.3.4 Cosmetics
6.3.5 Others
7 Global Lupin Market, By Region
7.1 Global Lupin Market Share Analysis, By Region
7.2 Global Lupin Market Share Analysis, By Region
7.3 Global Lupin Market Size and Forecast, By Region
8 North America Lupin Market Analysis and Forecast (2023- 2030)
8.1 Introduction
8.2 North America Lupin Market Share Analysis, By Product Type
8.3 North America Lupin Market Size and Forecast, By Application
8.4 North America Lupin Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Lupin Market Analysis and Forecast (2023- 2030)
9.1 Introduction
9.2 Europe Lupin Market Share Analysis, By Product Type
9.3 Europe Lupin Market Size and Forecast, By Application
9.4 Europe Lupin Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Lupin Market Analysis and Forecast (2023- 2030)
10.1 Introduction
10.2 Asia Pacific Lupin Market Share Analysis, By Product Type
10.3 Asia Pacific Lupin Market Size and Forecast, By Application
10.4 Asia Pacific Lupin Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Lupin Market Analysis and Forecast (2023- 2030)
11.1 Introduction
11.2 Latin America Lupin Market Share Analysis, By Product Type
11.3 Latin America Lupin Market Size and Forecast, By Application
11.4 Latin America Lupin Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Lupin Market Analysis and Forecast (2023- 2030)
12.1 Introduction
12.2 Middle East Lupin Market Share Analysis, By Product Type
12.3 Middle East Lupin Market Size and Forecast, By Application
12.4 Middle East Lupin Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Blooming Foods
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Lupina
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Frank Food Products
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Soja Austria
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Lupins for Life
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Coorow Seeds
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Golden West Foods Pty. Ltd.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Barentz International
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Terrena
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Ugaoo
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies