[FURL=https://www.industryarc.com/Research/Lupin-Market-Research-507372?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Lupin market[/FURL] size was estimated at $303 million in 2020, growing at a CAGR of 3.5% during the forecast period 2021-2026. Lupin, also known as lupini beans, are yellow legumes and herbaceous perennial plants species that have been used in Mediterranean cooking for centuries. Lupin is a classic Mediterranean food that is used to manufacture Lupin flour and other products. Lupin is present in a variety of foods, including pasta, noodles, sauces, beverages, and meat-based products such as burgers and sausages, as well as baked goods such as bread, pastries, and pies. Lupin can be found in foods that aren't made with soy, gluten, or genetically modified components.Key Takeaways
Europe dominated the Lupin Market in 2020 owing to increasing awareness about healthy lifestyles among the people in this region. The Lupin Market scope for different regions will be provided in the final report.
The growing demand for protein products are set to aid the market growth of the Lupin Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Lupin Market report.
Side effects of Lupin in the market are poised to create hurdles for the Lupin Market.
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Lupin Market Segment Analysis – By Geography
Europe dominated the Lupin market with a major share of 40% in 2020. This is attributed to the increasing usage of lupin in the food and beverage industry coupled with the presence of a large no of the manufacturer in this region. Furthermore, growing awareness about the benefits of Lupin as it is low in calories which is good for health is contributing to the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the growing consumption of high protein food products in this region. The growing food and beverage industry coupled with the rising preference of the people towards low calories food products in this region is also increasing the growth of the market in this region.
Lupin Market Drivers
Increasing Demand for Lupin, as a result of The Increasing Prevalence Of Cardiovascular Diseases
Growing Consumption of Gluten-Free Food Products Owing to Rising Number of Celiac Disease
Lupin Market Landscape
In 2020, the Lupin Market share is consolidated by the top ten players present in the market. The Lupin Market, top 10 companies include Barentz International, Coorow Foods, Frank Food Products, Golden West Foods Pty Ltd, Lupina, Lupins For Life, Soja Austia, Terrena, Eagle Foods Australia, Lupin Foods Australia
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