Global Lupin Market: Snapshot
The growing demand for plant-based dietary fiber and proteins in the food and beverages industry is driving the popularity of lupin plants. Lupin plants and their seeds in a variety of physical forms are gaining wide popularity among populations looking for gluten-free high fiber diets. High on soluble fibers and nutritional value, lupin seeds and flour are witnessing rising demand for lowering cholesterol levels and boosting digestion. The seeds are high on protein but low on fat and are witnessing demand as egg substitutes in various bakery products. In many cases, lupin flour adds to the texture of the various bakery products, such as pasta, apart from enhancing the aroma. In addition, lupin seeds are added to dairy products and sausages to provide as a substitute for low-fat and high protein substitute.
The demand for lupin seeds and plant parts has gathered steam for the treatment for various cancer types since they contain key bioactive compounds such as phytoestrogens and phytosterols. Furthermore, the burgeoning population in a number of developing and developed nations is positively contributing to the demand for foods derived from lupin. In addition, the rising population with intolerance to soy products, milk, and eggs are increasingly preferring plant-derived proteins. This is a notable factor boosting the market. With the high protein profile comparable to soy protein and the proposition of sustainable cultivation methods available for lupin are notable factors bolstering the popularity of lupin. The rising demand for cost-effective protein foods for livestock and poultry is another crucial factor boosting the demand for lupin. The rising adoption of lupin for producing refined oil for edible as well as technical uses is catalyzing the growth of the market. The rising popularity of lupin as green manure is a notable factor boosting the global lupin market.
Lupin, a plant with dainty blue flower and produces seeds high in protein. Lupin can also be used as a source of dietary fiber which is not only favors digestion but also helps to lower the blood cholesterol level. The protein isolated from lupine seeds are majorly used in all types of bakery products as an egg substitute. The lupin seed is low in fat, high in protein, gluten free, high in soluble fibre and antioxidants. However, the content of proteins in Lupin varies depending on cultivation and extent of de-hulling. Addition of lupin flour to wheat flour can improve the nutritional value and texture of the final products. Furthermore, the addition of lupin flour improves shelf-life, texture and aroma of bread. Due to high presence of soluble fiber in lupin flour, it is beneficial in reduction of blood pressure and improved gastrointestinal health. Lupin bean is naturally gluten-free food that makes it attractive to most individual on a gluten free diet and those who are having celiac disease.
Lupins are great source of bio-active compounds such as phytoestrogens and phytosterols which helps prevention of cancer, heart disease, and other diseases. Lupin seeds are great source of mineral such as magnesium, manganese, and potassium that promotes bone health and helps to maintain healthy muscles.
Lupin Market Segmentation
Lupin market can be segmented on the basis of applications, type, and by regions.
On the basis of applications, Lupin market can be segmented by its applications in different industries such as Food and Beverage Industry, Dietary Supplements, Personal care and cosmetic Industry and other applications. Lupins are widely used as alternative source of protein in animal feed and poultry feed. Lupin comprises of 30-40% of protein and 30% of fibre and contains minimal starch giving it lowest Glycemic Index (GI) rating among other grains. On the basis of type, the Lupin market is segmented into protein isolates, protein concentrates and Lupin flour. Lupin seeds are a rich source of zinc which helps to stimulate the body to heal itself.
Lupin market is further segmented on the basis of the region as, Latin America, North America, Europe, Middle East and Africa and Asia Pacific. Australia, New Zealand, Europe, Chile, South Africa are the major lupin producing areas of the world. Australia is dominant producer of Lupin in the world with over 85% of world lupin production and approximately 70,000 ha of lupine is grown in Australia every year.
Lupin Global Market Trends and Market Drivers:
The lupine plant, like other grain pulses fixes atmospheric nitrogen, and produces seed high in protein. Many food manufacturers are looking for Lupin protein as an alternative to soy protein due to their rich protein profile, suitability for sustainable production, potential health benefits and lower in fat than soybeans. Changing dietary habits and the increasing number of vegetarians and people with intolerance or allergy to gluten, milk, egg or soya has driven the market for Lupin products. Lupins have proved to offer cost effective, safe source of high protein feed for livestock as an alternative to imported feed such as soya. Protein extracts from Lupin seeds are used to create low-fat meat protein alternatives for the use in dairy products and sausages. However, its allergic nature of lupin protein ingredients is restraining its growth during the forecast period
Lupin Market Key Players:
Key global market players manufacturing different Lupin products for different applications include Barentz Food & Nutrition, Lupina, LLC, Frank Food Products, Soja Austria, Inveja SAS - lup'ingredients, Coorow Seeds, Golden West Foods etc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?