Global Lupin Market 2023- 2030.

Global Lupin Market Size, Trends, and Growth Opportunity, By Product Type (Flour, Flakes, Protein Concentrates), By Application (Food & Beverage, Dietary Supplements, Animal Feed, Cosmetics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.

Global Lupin Market Size, Trends, and Growth Opportunity, By Product Type (Flour, Flakes, Protein Concentrates), By Application (Food & Beverage, Dietary Supplements, Animal Feed, Cosmetics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.

Global Lupin Market 

The global Lupin market was valued at USD 333.00 Million in 2022 and is expected to expand to USD 426.33.00 Million in 2030 at a CAGR of 2.69% during the forecast period 2023- 2030.
A portion of traditional food in Mediterranean cuisine used to prepare ingredients like Lupin flour, and Flakes is called Lupin. Also, it is known as lupini beans & a part of a healthy habitat.

Market Drivers

Major driving factors for the growth of the Lupin market are the increasing demand for vegan products and rising awareness for dairy substitutes to gratify the dietetic need.
Moreover, a lupin bean is a center of fiber, protein, and dynamic vitamins, which makes it popular among health-conscious customers.

In the food and beverage industry, growing demand for lupin is also a main driving factor for the growth of the market. 

Market Restraints

Allergic reactions persuaded by lupin in few people and the absence of awareness about this product are the main restraining factors for the growth of the lupin market.
Market Segmentation 

The global Lupin market is segmented based on Product Type, Application, and region. On the basis of Product Type, it is segmented into Flour, Flakes, and Protein Concentrates. Based on Application, it is segmented into Food & Beverage, Dietary Supplements, Animal Feed, Cosmetics, and Others. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. 
Regional Analysis

Europe is expected to dominate the global market owing to the growing usage of lupin in the food and beverage industry united with the existence of a large no of the manufacturer in this region.

Asia Pacific is estimated to witness lucrative growth in the market due to the rising food and beverage industry coupled with the increasing preference of the people towards low calories food products in this region.

Key Players 

Various key players are listed in this report such as Blooming Foods, Lupina, Frank Food Products, Soja Austria, Lupins for Life, Coorow Seeds, Golden West Foods Pty. Ltd., Barentz International, Terrena, Ugaoo.

Industry Developments

In September 2020, Puris Foods expanded its larger facility in Dawson, Minnesota to increase its product portfolio of Lupin Flour. The product involves processing including de-hulling and milling.

In February 2022, UK plant-based manufacturers; Better Nature launched alt-meat products made with fermented lupin.

In February 2022, plant-based nutrition company; Mikuna launched lupin-derived protein powder which is already outselling pea & soy protein.

more details: https://shorturl.at/Irmj2