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Lupin Market Trends

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

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.

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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