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Venkat Reddy
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Lupin Market to Grow at a CAGR of 3.6% During the Forecast Period 2020-2025
Growing Population Along With the Rising Demand of Lupin in Food and Beverage Industry Owing the Preparation of Various Beverages Such as Smoothies and Milkshakes Is Triggering Its Market Growth.

BriefingWire.com, 3/02/2021 - [FURL=https://www.industryarc.com/Research/Lupin-Market-Research-507372]Lupin Market[/FURL] size is estimated to be 284 Million in 2019, growing at a CAGR of 3.6% during the forecast period 2020-2025. Lupin proteins are extracted from hexane deoiled lupin. The protein product type E comprises high molecular weight proteins which are separated using alkaline extraction and acid precipitation procedures. Growing population along with the rising demand of Lupin in food and beverage industry owing the preparation of various beverages such as smoothies and milkshakes is triggering its market growth. Apart, from this the use of Lupin in Cosmetic industry is also fueling its market growth owing to the presence of carotenoids and Vitamin E which protects the skin the external aggression. Therefore, these are the key benefits driving the Lupin market in the upcoming years. Furthermore, Lupin provides several health benefits such as suppress appetite, reduce the glycaemic load of carbohydrates-based foods, reduce blood pressure and improve glucose metabolism.

Key Takeaways

Lupin Flour segment held the largest market share in the year 2019 owing to the wide usage of it in beverages as well as in nutritional supplements.

Food Industry segment held the largest market share in the year 2019 owing to the wide usage of Lupin in beverages as well as in food products.

Europe contributed to the largest market share of 39% owing to the presence of large dominant players in the region including Barentz International and Frank Food Products.

Rising Demand of Lupin in Cosmetic Industry is a significant factor driving the Lupin market during the forecast period 2020-2025.

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Lupin Market Segment Analysis - Geography

Europe contributed to the largest market share of 39% owing to the presence of large dominant players in the region including Barentz International and Frank Food Products. Increasing demand of Lupin among consumers owing to its health benefits have highly supported its regional demand. APAC Lupin market is another dominant market owing to the presence of significant players like Corrow Seeds.

Lupin Market Drivers

Rising Demand of Lupin in Cosmetic Industry

Increasing Use of Lupin in Beverage Industry

Lupin Market Industry Outlook : Lupin Market top 10 Barentz International, Coorow Foods, Frank Food Products, Golden West Foods Pty Ltd, Lupina, Lupins For Life, Soja Austia, Terrena, LLC and Ugaoo.

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