Global Lupin Market, By Form (Seeds, Flakes, Protein Concentrates, Flour), Application (Dietary Supplements, Food and Poultry and Livestock Feed, Personal Care and Cosmetic, Confectionery Products, Bakery Products, Sauces, Vegan Sausages, Non-Dairy Milk Drinks), Type (Protein Isolates, Protein Concentrates, Lupin Flour), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Lupin Market
Data Bridge Market Research analyses that the global lupin market will grow at a CAGR of 4.45% during the forecast period of 2022-2029.
Lupin generally considered or called lupine or lupinus which belongs to the legume species of Fabaceae and is found as a flowering plant. Rich in nutrient value, lupin contains a good percentage of phytoestrogens and a lower volume of trypsin. They are known for inducing nitrogen in the soil and making them fertile naturally. The by-products contain high dietary fibres and the seeds of lupin plants are abundant in amino acids, gluten-free, and full of antioxidants.
Increasing number of vegans is the major factor accelerating the growth of the lupin market in the forecast period of 2022-2029. Furthermore, familiarity with the dairy alternatives, available to quench the dietary need is catering good revenues in the business pockets which is propelling the market growth rate as well. Accelerating demand of organic and natural proteins in the food supplement around the world and burgeoning population in a number of developing and developed nations are the two factors positively contributing to the demand for foods derived from lupin and therefore, are also expected to drive the growth of the lupin market in the forecast period of 2022-2029. However, dearth of awareness and less players available in the market are restraining the growth rate of the lupin market. High import and export taxes will hinder the lupin market. Also, its allergic nature to the protein ingredients will challenge market growth in the above mentioned forecast period.
In addition, rising population with intolerance to soy products, milk, and eggs are increasingly preferring plant-derived proteins, therefore, creating ample opportunities for the lupin market in the above mentioned forecast period.
This lupin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lupin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Lupin Market Scope and Market Size
The lupin market is segmented on the basis of form, application, and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the lupin market is segmented into seeds, flakes, protein concentrates and flour.
- On the basis of application, the lupin market is bifurcated into dietary supplements, food and poultry and livestock feed, Personal care and cosmetic, confectionery products, bakery products, sauces, vegan sausages, non-dairy milk drinks.
- On the basis of type, the lupin market is segregated into protein isolates, protein concentrates and lupin flour.
Lupin Market Country Level Analysis
The lupin market is analyses and market size, volume information is provided by country, form, application, and type as referenced above.
The countries covered in the lupin market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the lupin market and will continue to flourish its trend of dominance during the forecast period of 2022-2029 due to rising demand for lowering cholesterol levels and boosting digestion in this region. Moreover, lupin is largely cultivated in Australia which is another important driving factor. North America and Europe regions are expected to score a good growth rate in the above mentioned forecast period due to rising demand for cost-effective protein foods for livestock and poultry in the region.
The country section of the lupin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lupin Market Share Analysis
The lupin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lupin market.
Some of the major players operating in the lupin market are Barentz International B.V., Golden West Foods Pty Ltd, Soja Austria, Eagle Foods Australia, TERRENA SHYAM INDUSTRIES, Organic Spices Inc., NOW Foods, Frontier Co-op, Raab Vitalfood GmbH, SELET HULLING PLC, Dipasa USA Inc, ETICO, Dhaval Agri Exports, SunOpta, Ethics ORGANIC, Samruddhi Organic, 24 MANTRA ORGANIC, HL Agro Products Pvt. Ltd., Just Organik, Orienco, SHILOH FARMS, McCormick & Company, Inc., Wholefood Earth, KTC Edibles and Saitaku among others.
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