PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1559731
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1559731
Lupin
Global Lupin Market to Reach US$53.5 Billion by 2030
The global market for Lupin estimated at US$38.0 Billion in the year 2023, is expected to reach US$53.5 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Animal Feed Application, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$35.5 Billion by the end of the analysis period. Growth in the Food & Beverage Application segment is estimated at 4.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$10.4 Billion While China is Forecast to Grow at 4.9% CAGR
The Lupin market in the U.S. is estimated at US$10.4 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$8.5 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.6% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Global Lupin Market - Key Trends & Drivers Summarized
Why Is Lupin Gaining Popularity in the Global Food Market?
Lupin, a legume belonging to the same plant family as peanuts and soy, is rapidly gaining attention as a versatile and nutritious ingredient in the global food market. Renowned for its high protein and dietary fiber content, lupin is also low in fat and devoid of gluten, making it an excellent food choice for health-conscious consumers and those with dietary restrictions. Additionally, lupin beans are rich in essential amino acids and micronutrients, including potassium and magnesium, which are pivotal for cardiovascular health and metabolism. The legume's ability to improve soil fertility by fixing nitrogen, coupled with its low water requirement, makes it an environmentally sustainable crop, aligning with the increasing consumer and manufacturer demand for sustainable food sources.
What Are the Innovative Uses of Lupin in Food Products?
Innovation in food technology has propelled the integration of lupin into various food products, significantly expanding its market reach. Food manufacturers are exploring the potential of lupin flour and proteins in bakery products, pasta, and dairy alternatives, where it serves as a high-protein, gluten-free alternative to traditional ingredients. Its application in vegan and vegetarian products is particularly notable, as lupin-based ingredients can mimic the texture and taste of meat and dairy products, providing a substantial nutritional profile that includes fiber and polyunsaturated fats. Moreover, the ability of lupin to act as an emulsifier adds to its desirability in the production of sauces and dressings, enhancing texture and stability without the need for artificial additives.
How Is Consumer Awareness Impacting the Lupin Market?
The rising consumer awareness regarding health, nutrition, and environmental sustainability significantly impacts the lupin market. Today's consumers are more informed and concerned about the origins and impacts of their food choices, driving demand for plant-based and sustainable food options. Lupin, with its exceptional nutritional benefits and sustainable farming attributes, fits well into this market trend. As awareness of lupin's health benefits increases, so does its acceptance and incorporation into daily diets, particularly among populations with dietary restrictions such as gluten intolerance and those seeking plant-based protein sources. Additionally, the growing trend of clean label products, where consumers prefer foods with fewer and more natural ingredients, further amplifies the demand for lupin as a food ingredient.
Growth in the Lupin Market Is Driven by Several Factors
The growth in the lupin market is driven by several factors, reflecting its increasing integration into various food sectors and consumer diets. Technological advancements in food processing have facilitated the development of lupin-based ingredients that are both versatile and appealing to consumers, such as lupin flour and protein isolates. The expanding vegan and vegetarian population, who seek high-quality plant-based proteins, significantly contributes to the demand for lupin products. Moreover, the environmental benefits of cultivating lupin, including its low water requirement and ability to fix atmospheric nitrogen, enhance its appeal in a market increasingly dominated by sustainability concerns. Together, these factors not only bolster the growth of the lupin market but also reinforce its potential as a key player in the future of food sustainability and security.
Select Competitors (Total 44 Featured) -
- Lupin Pharmaceuticals, Inc.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Lupin - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Lupin by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 2: World Historic Review for Lupin by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 3: World 16-Year Perspective for Lupin by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for Animal Feed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 5: World Historic Review for Animal Feed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 6: World 16-Year Perspective for Animal Feed by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 8: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 9: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 10: World Lupin Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 12: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 13: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Lupin Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 14: USA Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 15: USA Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 16: USA 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- CANADA
- TABLE 17: Canada Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 18: Canada Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 19: Canada 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- JAPAN
- Lupin Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 20: Japan Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: Japan Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 22: Japan 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- CHINA
- Lupin Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 23: China Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 24: China Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 25: China 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- EUROPE
- Lupin Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 26: Europe Recent Past, Current & Future Analysis for Lupin by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Lupin by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 28: Europe 16-Year Perspective for Lupin by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 29: Europe Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 31: Europe 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- FRANCE
- Lupin Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 32: France Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: France Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 34: France 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- GERMANY
- Lupin Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 35: Germany Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 36: Germany Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 37: Germany 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- ITALY
- TABLE 38: Italy Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: Italy Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 40: Italy 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- UNITED KINGDOM
- Lupin Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 41: UK Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 42: UK Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 43: UK 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- REST OF EUROPE
- TABLE 44: Rest of Europe Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: Rest of Europe Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 46: Rest of Europe 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- ASIA-PACIFIC
- Lupin Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 47: Asia-Pacific Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 48: Asia-Pacific Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 49: Asia-Pacific 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
- REST OF WORLD
- TABLE 50: Rest of World Recent Past, Current & Future Analysis for Lupin by Application - Animal Feed, Food & Beverage and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 51: Rest of World Historic Review for Lupin by Application - Animal Feed, Food & Beverage and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 52: Rest of World 16-Year Perspective for Lupin by Application - Percentage Breakdown of Value Sales for Animal Feed, Food & Beverage and Other Applications for the Years 2014, 2024 & 2030
IV. COMPETITION
