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The lupin protein market size is forecast to increase by USD 27,165.9, at a CAGR of 4.95% between 2023 and 2028. Lupin, a legume native to the Americas, is gaining popularity due to its rich nutritional profile. With growing awareness of the health benefits of plant-based proteins, lupin is emerging as a viable alternative to traditional sources like soy and whey. Lupin is low in saturated fat and high in fiber, making it an excellent choice for individuals following a low-fat, fiber-rich diet. Its high protein content, around 30-40%, is comparable to that of other legumes and makes it a valuable addition to a vegetarian or vegan diet. Furthermore, lupin is also rich in essential amino acids, making it a complete protein source. The increasing demand for sustainable and ethically-sourced plant-based proteins is driving the growth of the market.
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Lupin protein, derived from the legume plant, is gaining popularity in the food industry due to its high protein content and essential amino acids. Health-conscious consumers are increasingly opting for plant-based protein sources, and lupin protein fits the bill. Lupin beans, which are rich in protein, fiber, nutrients, and low in fat, carbohydrates, and gluten, are the primary source of this protein. Manufacturers are producing various plant-based protein products using lupin protein, such as Buntine Protein, lupin flour, and lupin-based pasta. These products cater to the demand for dietary products and baked goods that are free from soy, nuts, and other common food allergens and intolerances. Lupin protein also offers environmental benefits as it is a nitrogen-fixing crop, making it an eco-friendly alternative to animal-derived protein sources. The market is expected to grow significantly due to its nutritional benefits and increasing consumer preference for plant-based protein sources. Some of the key players in the market include companies producing lupin protein from blue lupin seeds and yellow lupin seeds. Overall, the market is poised for growth in the coming years, with a focus on innovation and product development to cater to evolving consumer preferences.
Growing awareness of health benefits of lupin protein is notably driving market growth. Lupin protein, derived from the white lupin plant (Lupinus albus), is gaining popularity in various food applications due to its high nutritional value. This protein source is increasingly being used as an alternative to animal-based proteins in plant-based meats, dairy alternatives, baked goods, snacks, and beverages. Lupin protein is allergen-free and rich in essential amino acids, making it an ideal choice for individuals following vegetarianism or veganism for health and wellness reasons.
Further, protein concentrates derived from lupin are also used in food manufacturing due to their excellent functional properties. Animal welfare concerns and the growing awareness of sustainable food sources further boost the demand for plant-based protein sources like lupin. The versatile nature of lupin protein makes it a valuable addition to the food industry, offering numerous benefits while maintaining a commitment to ethical and sustainable food production. Thus, such factors are driving the growth of the market during the forecast period.
Rising popularity of sustainable agriculture is the key trend in the market. The market encompasses a range of applications in the food industry, including animal-based proteins replacement in plant-based meats, dairy alternatives, and as protein concentrates in baked goods, snacks, and beverages. White lupin, derived from the Lupinus albus plant, is a rich source of essential amino acids, making it an ideal alternative for those following vegetarianism or veganism due to ethical or health reasons. Lupin protein's allergen-free nature adds to its appeal, as it does not contain the common allergens found in other plant-based proteins.
Moreover, food manufacturers are increasingly incorporating lupin protein into their products due to its nutritional benefits and its ability to enhance the texture and taste of various food applications. Animal welfare concerns and the growing health and wellness trend are also driving the demand for plant-based proteins, making lupin protein a promising ingredient in the food industry. Thus, such trends will shape the growth of the market during the forecast period.
Wide availability of substitute products for lupin protein is the major challenge that affects the growth of the market. The Lupin Protein Market encompasses various applications in the food industry, including animal-based proteins replacement, plant-based meats, dairy alternatives, baked goods, snacks, and beverages. White lupin, derived from the Lupinus albus plant, is a significant source of protein concentrates. Lupin protein boasts a complete amino acid profile, making it a popular alternative for those following vegetarianism or veganism, or those concerned with animal welfare.
Further, its health benefits extend beyond dietary preferences, as it is also allergen-free, making it an attractive option for individuals with sensitivities to common allergens. Lupin protein's versatility in food applications, coupled with its nutritional advantages, positions it as a valuable ingredient in the health and wellness sector. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
A. Costantino and C. Spa - The company offers lupin protein products such as Lupin peptide, Lupin Protein Hydrolysate and others
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The animal feed segment is estimated to witness significant growth during the forecast period. Lupin protein, derived from the lupin plant, plays a significant role in various sectors of animal and human nutrition. In animal nutrition, it is utilized as a valuable ingredient in ruminant and poultry feeds due to its high-quality protein content, essential amino acids, and fiber. In aquaculture feed, lupin protein acts as a nutrient-rich alternative to fishmeal. In the nutraceutical industry, lupin protein is recognized as a nutritional ingredient for its immunity-boosting properties. Protein concentrates and hydrolysates derived from lupin are used in the production of nutraceutical ingredients and immune-boosting products. Lupin protein is also used as a meat extender and emulsifier in the food industry. Genetically modified lupin ingredients are available, but there is a growing demand for non-GMO sources due to ethical and environmental concerns.
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The animal feed segment was valued at USD 76,195.00 in 2018. Lupin protein is a plant-based protein source that does not contain gluten, making it suitable for individuals with food allergies or intolerances. Lupin is a nitrogen-fixing crop, improving soil fertility and reducing the need for synthetic fertilizers. Its cultivation contributes to soil health by increasing atmospheric nitrogen and enhancing plant-based diets as a sustainable alternative to traditional protein sources like soy and nuts. In pet feed applications, lupin protein provides essential nutrients, including fat, carbohydrates, and fiber, to maintain the health and well-being of pets. The versatility and nutritional benefits of lupin protein make it an essential component in various industries.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Lupin protein, derived from the lupin plant, plays a significant role in animal and human nutrition. In animal nutrition, it is used as an essential ingredient in ruminant and poultry feeds, as well as in aquaculture feeds. It serves as a nutritional ingredient, providing necessary proteins, fiber, nutrients, fat, and carbohydrates for optimal growth and development. Lupin protein is also used as a meat extender and in the production of protein concentrate and protein hydrolysates.
In the nutraceutical industry, it is utilized as an immunity-boosting ingredient in nutraceutical supplements and immune-boosting products. Lupin protein is a non-GMO source, making it an attractive alternative to genetically modified ingredients for those with food allergies or intolerances to soy and nuts. Additionally, lupin is a nitrogen-fixing crop, improving soil fertility by adding atmospheric nitrogen to the soil and reducing the need for synthetic fertilizers. In pet feed applications, lupin protein provides similar benefits, contributing to the overall health and well-being of pets. Furthermore, lupin protein is a plant-based protein source, aligning with the growing trend towards plant-based diets and addressing environmental and ethical concerns.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD thousand" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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Lupin protein, derived from the Lupin bean, a legume plant, is gaining popularity in the global food industry due to its high protein content and essential amino acids. Health-conscious consumers are increasingly opting for plant-based protein sources, and lupin protein fits the bill. Lupin beans contain around 35-45% protein, making them a valuable alternative to animal-derived proteins. Brand share in the lupin protein market is being contested by companies producing plant-based protein products, such as Buntine Protein. Lupin-derived flour, which can replace wheat flour in various applications, is another promising product in this market. The gluten-free market, catering to celiac disease patients and gluten-avoiders, is also driving demand for lupin protein. The supply chain for lupin protein is being streamlined to meet the growing demand. Clean-label ingredients are a priority for consumers, and lupin protein fits this requirement. Innovation initiatives, such as lupin-based pasta and snack products, are being explored to expand the product portfolio.
Allergies, particularly legume sensitivity and nuts allergies, are considerations in marketing lupin protein. Lupin protein offers water preservation benefits, making it an attractive option for the global food industry. Its high protein content, dietary fibers, unsaturated fatty acids, and other health benefits make it a versatile ingredient in various food applications, including baked products and dietary products. The animal feed industry is also a significant consumer of lupin protein. Branding, advertising, and promotional strategies are crucial for companies in the lupin protein market to differentiate themselves and gain market share. Companies are focusing on innovation and sustainability to stay competitive. The e-commerce sector is playing a significant role in the distribution and sales of lupin protein products. Overall, the market is expected to grow significantly due to its nutritional benefits and versatility.
Market Scope |
|
Report Coverage |
Details |
Page number |
193 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.95% |
Market growth 2024-2028 |
USD 27.16 Thousand |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.15 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
Australia, Germany, France, South Korea, Canada, and US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A. Costantino and C. Spa, AMINOLA BV, Archer Daniels Midland Co., Cargill Inc., Coorow Seeds, COSMOVEDA e.K. Gunther Eckerle, Dohler GmbH, Dipasa USA Inc., Eagle Foods Australia, EIT FOOD, INVEJA SAS, KoRo Handels GmbH, Lupin Platform Inc., Puris, Raab Vitalfood GmbH, Roquette Freres SA, Tarwi Foods Ltd., The Lupin Co., The Lupin Company, and Wide Open Agriculture Ltd |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Additional Value/Volume Data
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Source
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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