Lupin Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0023718
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 9.29 |
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The Lupin Market is projected to experience significant growth, with an anticipated Compound Annual Growth Rate (CAGR) of 6.82% between 2022 and 2032. This growth is expected to result in a market size expansion by USD 1,520.78 million. The evolution of the market hinges on various factors, including increased awareness about plant-based protein sources, growing demand for sustainable agriculture, and expanding applications of lupin in food, pharmaceuticals, and animal feed industries. Lupin, a legume known for its high protein content and nutritional benefits, has found its place as a versatile ingredient in various products.
Lupin Market Overview:
Drivers:
One of the pivotal factors propelling the Lupin Market's growth is the rising demand for plant-based protein sources. As consumer preferences shift towards healthier diets and environmentally friendly choices, the demand for sustainable protein alternatives has surged. Lupin's exceptional protein content, coupled with its low environmental impact during cultivation, positions it as an attractive option to meet this demand. Moreover, the versatility of lupin, which can be processed into various forms such as flour, protein isolates, and textured protein, further contributes to its growing popularity.
Trends:
An influential trend shaping the Lupin Market is the increasing adoption of lupin in the food industry due to its nutritional value. The inclusion of lupin-derived ingredients in bakery products, pasta, plant-based meat substitutes, and beverages has gained momentum. Additionally, the pharmaceutical industry is exploring lupin for its potential health benefits, including cholesterol management and blood sugar regulation. This multifaceted applicability is driving research and innovation, leading to new product formulations and expanded market reach.
Restraints:
Challenges related to allergenicity and bitterness are some of the hurdles constraining the Lupin Market's growth. Lupin contains allergenic compounds that can trigger allergic reactions in individuals with sensitivities. Thus, the market's expansion is partly hindered by the need to address allergen labeling and ensure consumer safety. Additionally, the inherent bitterness in lupin-based products can pose sensory challenges for certain applications, demanding comprehensive strategies to mitigate or mask this characteristic.
Lupin Market Segmentation by Application:
The food industry segment is poised for substantial growth in the Lupin Market. The incorporation of lupin-derived ingredients in various food products is on the rise due to their nutritional benefits. Lupin flour, for instance, is gaining traction as a gluten-free, high-protein alternative in bakery and pasta products. Similarly, lupin protein isolates are finding use in plant-based meat substitutes and protein-enriched snacks. The expansion of vegetarian and vegan diets, alongside the pursuit of healthier eating habits, is driving the demand for lupin-based food products.
Lupin Market Segmentation by Type:
The lupin flour segment is anticipated to experience robust growth within the Lupin Market. Lupin flour, obtained by milling lupin seeds, possesses high protein content, dietary fiber, and essential nutrients. It serves as an attractive option for gluten-free and protein-enriched product formulations. Moreover, the versatility of lupin flour enables its utilization in various culinary applications, such as baking, pasta making, and smoothie preparations, further driving its demand.
Regional Overview:
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The Asia-Pacific (APAC) region is expected to play a significant role in the Lupin Market's growth, contributing around 38% to the global market expansion during the forecast period. APAC's influence stems from its strong agricultural base and increasing awareness of plant-based nutrition. Countries like Australia and India have emerged as key lupin-producing regions, capitalizing on the crop's adaptability to diverse climatic conditions. Additionally, growing health consciousness and demand for protein-rich diets in this region are expected to foster the market's growth.
Lupin Market Customer Landscape:
The Lupin Market report encompasses an analysis of the market's adoption lifecycle, tracking the progression from innovator to laggard stages. It delves into adoption rates across regions based on penetration. Furthermore, the report provides insights into key purchase criteria and drivers of price sensitivity, facilitating companies in formulating growth strategies.
Major Lupin Market Companies:
Market players are deploying a range of strategies, including partnerships, acquisitions, geographical expansion, and product launches, to bolster their presence in the market.
- Lupin Limited: The company offers various lupin-derived products such as lupin flour, lupin protein isolates, and lupin-based food formulations.
- ADM (Archer Daniels Midland Company): ADM offers a range of lupin ingredients for food and feed applications, capitalizing on its global distribution network.
- Barentz: Barentz specializes in ingredient distribution and offers lupin-based ingredients for diverse applications across multiple industries.
The competitive landscape of the market includes detailed analyses of these key companies and information about 15 other market players, including:
- Cargill, Incorporated
- Ingredion Incorporated
- The Kroger Co.
- Simplot Australia Pty Ltd
- Coorow Seeds
- Aminola
- Yarpole Mancell Industries Pty Ltd
- Bramik Foods Pty Ltd
- Mary T. Hernandez
- Laggan Grain Company
- and others.
Segment Overview:
The Lupin Market report provides revenue forecasts at global, regional, and country levels, along with an analysis of emerging trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032):
- Food Industry
- Pharmaceutical Industry
- Animal Feed Industry
- Others
- Type Outlook (USD Million, 2019 - 2032):
- Lupin Flour
- Lupin Protein Isolates
- Lupin-Based Ingredients
- Others
- Geography Outlook (USD Million, 2019 - 2032):
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- Australia
- India
- South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
Table of Contents
1 Market Overview
1.1 Objectives of Research
1.1.1 Definition
1.1.2 Specifications
1.2 Market Segment
1.2.1 by Type
1.2.1.1 Seeds
1.2.1.2 Flakes
1.2.1.3 Protein Concentrates
1.2.1.4 Flour
1.2.2 by Application
1.2.2.1 Dietary Supplements
1.2.2.2 Food
1.2.2.3 Poultry & Livestock Feed
1.2.3 by Regions
2 Industry Chain
2.1 Industry Chain Structure
2.2 Upstream
2.3 Market
2.3.1 SWOT
2.3.2 Dynamics
3 Environmental Analysis
3.1 Policy
3.2 Economic
3.3 Technology
3.4 Market Entry
4 Market Segmentation by Type
4.1 Market Size
4.1.1 Seeds Market, 2013-2018
4.1.2 Flakes Market, 2013-2018
4.1.3 Protein Concentrates Market, 2013-2018
4.1.4 Flour Market, 2013-2018
4.2 Market Forecast
4.2.1 Seeds Market Forecast, 2019-2026
4.2.2 Flakes Market Forecast, 2019-2026
4.2.3 Protein Concentrates Market Forecast, 2019-2026
4.2.4 Flour Market Forecast, 2019-2026
5 Market Segmentation by Application
5.1 Market Size
5.1.1 Dietary Supplements Market, 2013-2018
5.1.2 Food Market, 2013-2018
5.1.3 Poultry & Livestock Feed Market, 2013-2018
5.2 Market Forecast
5.2.1 Dietary Supplements Market Forecast, 2019-2026
5.2.2 Food Market Forecast, 2019-2026
5.2.3 Poultry & Livestock Feed Market Forecast, 2019-2026
6 Market Segmentation by Region
6.1 Market Size
6.1.1 Asia-Pacific
6.1.1.1 Asia-Pacific Market, 2014-2018
6.1.1.2 Asia-Pacific Market by Type
6.1.1.3 Asia-Pacific Market by Application
6.1.2 North America
6.1.2.1 North America Market, 2014-2018
6.1.2.2 North America Market by Type
6.1.2.3 North America Market by Application
6.1.3 Europe
6.1.3.1 Europe Market, 2014-2018
6.1.3.2 Europe Market by Type
6.1.3.3 Europe Market by Application
6.1.4 South America
6.1.4.1 South America Market, 2014-2018
6.1.4.2 South America Market by Type
6.1.4.3 South America Market by Application
6.1.5 Middle East & Africa
6.1.5.1 Middle East & Africa Market, 2014-2018
6.1.5.2 Middle East & Africa Market by Type
6.1.5.3 Middle East & Africa Market by Application
6.2 Market Forecast
6.2.1 Asia-Pacific Market Forecast, 2019-2026
6.2.2 North America Market Forecast, 2019-2026
6.2.3 Europe Market Forecast, 2019-2026
6.2.4 South America Market Forecast, 2019-2026
6.2.5 Middle East & Africa Market Forecast, 2019-2026
7 Market Competitive
7.1 Global Market by Vendors
7.2 Market Concentration
7.3 Price & Factors
7.4 Marketing Channel
8 Major Vendors
8.1 Barentz International
8.2 Golden West Foods
8.3 Coorow Seeds
8.4 Inveja SAS - Lup'Ingredients
8.5 Soja Austria
8.6 All About Bread
8.7 Lopino Foods
8.8 Stevens Seeds
8.9 Eagle Foods Australia
8.10 Lupin Foods Australia
9 Conclusion
Table Product Specifications of Lupin
Table Products Segment of Lupin
Table Seeds Overview
Table Flakes Overview
Table Protein Concentrates Overview
Table Flour Overview
Table Global Lupin Market by Type, 2014-2022 (USD Million)
Table Application Segment of Lupin
Table Dietary Supplements Overview
Table Food Overview
Table Poultry & Livestock Feed Overview
Table Global Lupin Market by Application, 2014-2022 (USD Million)
Table Global Lupin Market by Region, 2014-2022 (USD Million)
Table Cost of Lupin
Table Market Dynamics
Table Policy of Lupin
Table GDP of Major Countries
Table Seeds CAGR by Revenue and Volume, 2014-2018
Table Flakes CAGR by Revenue and Volume, 2014-2018
Table Protein Concentrates CAGR by Revenue and Volume, 2014-2018
Table Flour CAGR by Revenue and Volume, 2014-2018
Table Seeds CAGR by Revenue and Volume, 2014-2026
Table Flakes CAGR by Revenue and Volume, 2014-2026
Table Protein Concentrates CAGR by Revenue and Volume, 2014-2026
Table Flour CAGR by Revenue and Volume, 2014-2026
Table Dietary Supplements CAGR by Revenue and Volume, 2014-2018
Table Food CAGR by Revenue and Volume, 2014-2018
Table Poultry & Livestock Feed CAGR by Revenue and Volume, 2014-2018
Table Global Lupin Market by Vendors, 2014-2018 (USD Million)
Table Global Lupin Market by Vendors, 2014-2018 (in Volume)
Table Global Lupin Market Share by Vendors, 2014-2018 (USD Million)
Table Global Lupin Market Share by Vendors, 2014-2018 (in Volume)
Table Price Factors List
Table Barentz International Profile List
Table Microecological Modulator Operating Data of Barentz International (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Golden West Foods Profile List
Table Microecological Modulator Operating Data of Golden West Foods (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Coorow Seeds Profile List
Table Microecological Modulator Operating Data of Coorow Seeds (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Inveja SAS - Lup'Ingredients Profile List
Table Microecological Modulator Operating Data of Inveja SAS - Lup'Ingredients (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Soja Austria Profile List
Table Microecological Modulator Operating Data of Soja Austria (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table All About Bread Profile List
Table Microecological Modulator Operating Data of All About Bread (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Lopino Foods Profile List
Table Microecological Modulator Operating Data of Lopino Foods (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Stevens Seeds Profile List
Table Microecological Modulator Operating Data of Stevens Seeds (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Eagle Foods Australia Profile List
Table Microecological Modulator Operating Data of Eagle Foods Australia (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Lupin Foods Australia Profile List
Table Microecological Modulator Operating Data of Lupin Foods Australia (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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