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Lupin Market Size - By Form (Protein Concentrates, Protein Isolates, Lupin Flour), Type (White Lupin, Narrow-leafed Lupin, Yellow Lupin, Sweet Pearl Lupin), End-use Industry (Food and Beverages Industry, Animal Feed, Cosmetic Industry) & Forecast, 2024 – 2032

  • Report ID: GMI1633
  • Published Date: Apr 2024
  • Report Format: PDF

Lupin Market Size

Lupin Market was valued at USD 89.9 million in 2023 and is anticipated to register a CAGR of over 5.2% between 2024 and 2032, as consumers become increasingly health-conscious and seek out nutritious and sustainable food options, there is growing interest in plant-based proteins like lupin. Lupin is high in protein, fiber, and various nutrients while being low in fat and carbohydrates, making it an attractive option for health-conscious consumers. Lupin is naturally gluten-free and is not a common allergen, making it suitable for individuals with gluten sensitivities or allergies to other common allergens like soy or nuts. As awareness of food allergies and intolerances increases, there is a growing demand for allergen-friendly food ingredients such as lupin.

Lupin Market

Lupin is a nitrogen-fixing crop, which means it has the ability to improve soil fertility by converting atmospheric nitrogen into a form that plants can use. This property makes lupin cultivation environmentally sustainable and contributes to crop rotation practices, reducing the need for synthetic fertilizers and enhancing soil health. The growing demand for nutritious, sustainable, and allergen-friendly food ingredients, coupled with ongoing innovation and regulatory support, is driving the market growth.

Lupin competes with other plant-based protein sources such as soy, pea, and wheat. The availability of a wide range of alternative protein options and the established market presence of some competitors may pose challenges to lupin's market share growth. Furthermore, despite its nutritional benefits and versatility, lupin products are still relatively unknown to many consumers. Limited awareness and understanding of lupin's health benefits and culinary uses can act as a barrier to market growth, particularly in regions where lupin is not traditionally consumed.

Lupin Market Trends

The increasing popularity of plant-based diets, driven by health, environmental, and ethical concerns, is boosting demand for lupin-based products. Lupin's high protein content and nutritional profile make it an attractive alternative to animal-based proteins. Furthermore, lupin is finding its way into a wide range of food and beverage products, including plant-based meats, dairy alternatives, baked goods, snacks, and beverages. Manufacturers are incorporating lupin protein, flour, and other derivatives into formulations to enhance nutritional profiles and meet consumer demand for healthier and more sustainable options. Moreover, lupin's allergen-free and gluten-free properties are driving its use in products targeting consumers with food allergies, intolerances, or dietary restrictions.

Lupin Market Analysis

Lupin Market Size, By Form, 2024 - 2032 (USD Billion)

Based on form, the protein concentrates segment was worth over USD 35.4 million in 2023 and expected to reach around USD 56.3 million by 2032, due to the rising emphasis on health-conscious consumption, there's an increasing demand for plant-based protein sources. Lupin protein concentrates are perceived as healthy alternatives to animal-based proteins due to their high protein content, low fat, and cholesterol levels. Lupin protein concentrates have diverse applications across various food and beverage categories, including plant-based meat alternatives, dairy alternatives, baked goods, snacks, and nutritional supplements. Their neutral flavor profile and functional properties make them suitable for formulation in a wide range of products, driving lupin market expansion.

Lupin Market Revenue Share, By Type, 2023

Based on type, the white lupin segment accounted for over USD 27 million in 2023 and likely to exceed 43.5 million by 2032. White lupin (Lupinus albus) is known for its high protein content, which makes it an attractive option for consumers seeking plant-based protein sources. Additionally, white lupin is low in fat and contains essential amino acids, making it a nutritious choice for health-conscious individuals.

White lupin has functional properties that make it suitable for a variety of food applications. Its protein can be extracted and processed into various forms such as isolates, concentrates, and textured proteins, which can be used in products like plant-based meats, dairy alternatives, bakery items, and beverages. Furthermore, White lupin can be grown in a variety of climates and soil types, making it a versatile crop for farmers. Its adaptability contributes to consistent supply and availability in the market, meeting the growing demand for lupin-based products.

On the basis of end-use indsutry, the food & beverages segment valuation crossed USD 33 million in 2023 and predicted to hit 52.3 million in 2032. With increasing consumer awareness of the importance of nutrition and healthy eating habits, there is a growing demand for plant-based protein sources. Lupin, with its high protein content and nutritional benefits, is gaining popularity as an ingredient in food and beverage products catering to health-conscious consumers.

As consumers seek alternatives to traditional animal-derived products, there is a rising demand for plant-based options in the food and beverage industry. Lupin offers a sustainable and allergen-friendly protein source that can be used to create plant-based meat substitutes, dairy alternatives, snacks, baked goods, and beverages, catering to the growing market for plant-based foods.

North America Lupin Market Size, 2024 - 2032 (USD Million)

North America lupin market was valued at USD 25 million in 2023 and is projected to showcase USD 39.8 million revenue by 2032. There's a growing trend towards plant-based diets, driven by concerns about health, sustainability, and animal welfare. Lupin seeds are rich in protein, making them a valuable source of plant-based protein for consumers looking to reduce their meat consumption or adopt a vegetarian or vegan lifestyle. Lupin seeds are not only high in protein but also contain a range of nutrients such as fiber, vitamins, and minerals. As people become more health-conscious, they are seeking out foods that offer nutritional benefits, further driving the demand for lupin products.

The popularity of plant-based diets, including vegetarianism and veganism, is on the rise in the US. Lupin provides a sustainable and environmentally friendly source of protein for individuals looking to reduce their consumption of animal products. As a result, there is growing interest in lupin-based foods and ingredients among this demographic. Consumers in the US are increasingly focused on health and wellness, leading to a greater demand for nutritious and natural foods. Lupin seeds are high in protein, fiber, and other nutrients, making them an attractive option for health-conscious consumers seeking plant-based alternatives to traditional protein sources.

Lupin Market Share

Lupin Company Market Share, 2023

Major players operating in the lupin industry include:

  • Barentz International B.V.
  • Blooming Foods
  • Coorow Seeds
  • COSMOVEDA eK Günther Eckerle
  • Dipasa USA Inc
  • Eagle Foods Australia
  • Frank Food Products
  • Golden West Foods Pty Ltd
  • Inveja SAS - Lup'Ingredients
  • Raab Vitalfood GmbH
  • Soja Austria

To navigate this competitive landscape effectively, companies must adopt a strategic approach that focuses on several key areas. Firstly, maintaining a strong emphasis on product quality and reliability is essential to establish trust and credibility among customers. Additionally, developing a robust distribution network ensures timely delivery of lupin to customers across different regions.

Moreover, investing in research and development to innovate and improve Forms can lead to cost efficiencies and product enhancements, providing a competitive edge. Embracing sustainability practices in production and distribution can also be a strategic differentiator in response to increasing environmental regulations and customer preferences.

Furthermore, forming strategic partnerships or alliances with suppliers, distributors, or technology providers can enhance market reach and capabilities. Lastly, maintaining a customer-centric approach by offering tailored solutions, responsive customer support, and value-added services can foster long-term relationships and customer loyalty in this competitive market landscape.

Lupin Industry News

  • In 202: Barentz International, a leading global life science and specialty performance ingredients distributor, announces the acquisition of Radian Chemical Products in India. Enforces and complements the Barentz India product portfolio with innovative color cosmetic ingredients.

This lupin market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Form

  • Protein Concentrates
  • Protein Isolates
  • Lupin Flour 

Market, By Type

  • White Lupin
  • Narrow-leafed Lupin
  • Yellow Lupin
  • Sweet Pearl Lupin
  • Others

Market, By End-Use Industry

  • Food & Beverages Industry
  • Animal Feed Industry
  • Cosmetic Industry
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of lupin was reached USD 89.9 million in 2023 and is expected to register over 5.2% CAGR from 2024 to 2032, owing to consumers becoming increasingly health-conscious and seek out nutritious and sustainable food options worldwide.

Lupin industry from the protein concentrates segment recorded USD 35.4 million in 2023 and is expected to register an appreciable CAGR from 2024 to 2032 due to being rich in essential amino acids, making them a complete protein source.

North America lupin industry reached USD 25 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing trend towards plant-based diets, driven by concerns about health, sustainability, and animal welfare in the region.

Blooming Foods, Coorow Seeds, COSMOVEDA eK Günther Eckerle, Dipasa USA Inc, Eagle Foods Australia, Frank Food Products, Golden West Foods Pty Ltd, Inveja SAS - Lup'Ingredients, Raab Vitalfood GmbH, and Soja Austria, are some of the major lupin companies worldwide.

Lupin Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 155
  • Countries covered: 22
  • Pages: 210
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