Allied Market Research

2024

Lupin Market

Lupin Market Size, Share, Competitive Landscape and Trend Analysis Report by Application and by Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Roshan Deshmukh
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Lupin, also known as lupini beans, are yellow legumes traditionally used in the Mediterranean cuisine. They can be consumed raw after being soaked or alternatively consumed in the form of flour used in baked goods and pasta dishes. Lupin helps in weight loss, aids in the cure of anemia, improves bowel health, and relieves constipation. It is commonly found in products, such as chocolate spreads, sauces, hummus spreads, biscuits, and baked goods. 

With innovation through technology, it has been possible to derive lupin seed protein to develop food ingredients as alternative in dairy products and high fat diets such as hamburgers and sausages. This majorly drives the growth of the lupin market since consumers are changing their dietary habits. Also, the number of people with allergy intolerance is high. This also leads to the preference for lupin, which in turn boosts the market growth. Moreover, some consumers prefer low-calorie food items such as crisps made from healthy and natural ingredients such as lupin, thus fostering the market growth. However, lack of awareness about this product and its emerging food allergy is expected to restrain the growth of the lupin market.   

In countries with large population of celiac sufferers, such as India, people prefer to include gluten free-food in their diet. Lupin has a great opportunity for expansion in these countries since it is gluten-free and can be used to manufacture gluten-free products as a substitute for wheat. 

The lupin market can be segmented based on application, type, and region. Based on application, it is divided into animal feed industry, food & beverages industry, cosmetic industry, and others. Based on type, it is classified into lupin flour, protein isolates, and protein concentrates. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players in the lupin market include Blooming Foods, Lupina, Frank Food Products, Soja Austria, Lupins for Life, Coorow Seeds, Golden West Foods Pty Ltd, Barentz International, Terrena, and Ugaoo.

Key Benefits For Stakeholders

  • This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the Lupin market.
  • Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
  • Detailed analysis of the industry based on the type and application help understand the trending product type and other potential variants.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the market framework.

Lupin Market Report Highlights

Aspects Details
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By Application
  • Animal Feed Industry
  • Food & Beverages Industry
  • Cosmetic Industry
  • Others
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By Type
  • Lupin Flour
  • Protein Isolates
  • Protein Concentrates
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, France, Germany, Spain, Rest of Europe)
  • Asia-Pacific  (India, China, Australia, Japan, Rest of Asia-Pacific)
  • LAMEA  (Turkey, Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Blooming Foods, Soja Austria, Ugaoo, Frank Food Products, Lupina, Terrena, Lupins for Life, Barentz International, Coorow Seeds, Golden West Foods Pty. Ltd.

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Lupin Market

Global Opportunity Analysis and Industry Forecast, 2023-2032