The lupin protein market is expected to grow at a CAGR of 4.9% during the period 2023-2033. The market is expected to hit a valuation of US$ 159.7 million by 2033. As of 2023, the market is valued at US$ 98.8 million.
One of the healthiest foods is lupin protein since it contains amino acids. Owing to its elevated protein composition, it is also a preferred choice for those who prioritise their health. People who are trying to lose weight prefer them because they are also high in fibre.
Plant-based products are being used more frequently in tandem with the rise in popularity of vegetarianism and veganism. Customers are starting to buy lupin protein supplements to meet their needs for protein. Therefore, there might be a rise in demand for products containing lupin protein during the course of the anticipated time frame.
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In recent years, demand for items with clean labels has skyrocketed. This is a result of consumers’ growing awareness of the value of purchasing genuine goods. Lupine protein-containing products often have clear labelling, which expands their market.
Additionally, using products containing lupin protein ensures little environmental degradation. It eliminates the practise of killing animals for human consumption, which contributes to carbon emissions. Second, lupin seeds can be grown in moderately productive soil. These all suggest that only a small amount of investment will be needed.
Due to the negative effects of consuming gluten, there has recently been an increase in the demand for gluten-free products. Lupin protein products have established themselves as beneficial substitutes for gluten-containing goods, presenting a wide range of business potential.
However, a few instances of adverse reactions have been connected to the use of lupin products. This can limit market expansion during the anticipated period.
Thus, the FMI researchers are of the view that, “the ability to provide requisite levels of protein and fiber, coupled with the increase in the number of vegans and vegetarians, and a plenty of other factors are expected to surge the lupine protein market share during the forecast period.”
Key Takeaways:
- The lupin protein market is projected to grow at a CAGR of 4.9% during the forecast period.
- The market is valued at US$ 98.8 million in 2023.
- The market is expected to reach a valuation of US$ 159.7 million by 2033.
- As per the regional analysis, Europe is expected to be the largest market during the forecast period.
- USA lupin protein market is expected to advance at a CAGR of 6.5%.
- UK market is projected to grow at a CAGR of 2.6%.
- China market is anticipated to surge at a CAGR of 6.4%.
- Japan lupin protein market is projected to grow at a CAGR of 3.6%.
- South Korea market is expected to grow at a CAGR of 4.9%.
- Based on product type, the protein isolates segment is expected to hold the largest market share, and is anticipated to grow at a CAGR of 4.6%.
- Based on nature, the conventional segment is projected to hold the largest market share, and is expected to grow at a CAGR of 4.2%.
Competitive Landscape
The key players operating in the market are investing massive amounts in the technological upgradation. The intention is to scale up the production at a time when the demand for lupine protein-based products is surging. Apart from that, there are also massive investments being made on the R&D aspect of the business.
In October 2022, Barentz International acquired Viachem, which is a specialty distributor of life science ingredients and speciality chemicals.
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Lupin Protein Market Segmentation
By Product Type:
- Protein Isolates,
- Protein Concentrates,
- Flour,
- Other Product Types
By Nature:
- Organic,
- Conventional
By End Use:
- Food Processing (Bakery & Confectionary, Dairy Replacements, Functional Foods, Infant Foods, Meat Alternatives, Other Food Applications),
- Animal Feed (Cattle, Poultry, Swine, Pet Food, Aquafeed),
- Nutraceuticals,
- Sports Nutrition,
- Infant Nutrition
By Processing Type:
- Dry Processing,
- Wet Processing
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Consult with Our Analysts for In-Depth Analysis of the Global Protein Market Trends and Opportunities Across Various Product Types, Nature, End Uses :
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Author by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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