Lupin Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Apr 2022

Pages: 129

SKU: IRTNTR73154

Snapshot

The lupin market share is expected to increase by USD 7.74 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.11%.

This lupin market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lupin market segmentation by application (animal feed, food and beverages, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The lupin market report also offers information on several market vendors, including ABS Food Srl, Barentz BV, Coorow Seeds, DHAVAL AGRI EXPORT LLP, Eagle Foods Australia, Ethics Organic, Golden West Foods Pty Ltd., HL Agro Products Pvt. Ltd., INVEJA SAS, Just Organik, KTC Edibles, NOW Health Group Inc., Orienco SAS, Raab Vitalfood GmbH, Samruddhi Organic Farm I Pvt. Ltd., SHILOH FARMS, Sresta Natural Bioproducts Pvt. Ltd., and SunOpta Inc. among others.

What will the Lupin Market Size be During the Forecast Period?

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Lupin Market: Key Drivers, Trends, and Challenges

The health benefits of lupins is notably driving the lupin market growth, although factors such as wide availability of substitute products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lupin industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lupin Market Driver

One of the key factors driving the global lupin market growth is the health benefits of lupins. Lupins are one of the richest natural sources of combined protein and dietary fiber. Comprising 40% protein and 37% fiber, lupins are good sources of minerals containing prebiotic fiber and are also non-GMO and fructose free. Consumption of lupin beans promotes gut health and helps to handle irritable bowel syndrome and other conditions related to the digestive system. The high fiber content of lupin beans makes them good prebiotics, the constituents that feed good bacteria in the intestine. In addition, the high fiber content of lupin beans ensures that the stool in the gut absorbs water from the body and becomes soft. The Vitamin C content of lupin beans also promotes the absorption of iron and the formation of hemoglobin. Such factors will drive the market growth in the forecast period.

Key Lupin Market Trend

Rising awareness of the vegan diet is one of the key lupin market trends that is expected to impact the industry positively in the forecast period. A vegan lifestyle does not include anything of animal origins such as food, clothing, or any other products. It strongly favors animal rights, and vegan consumers do not consume meat. This can positively affect the market as vegan consumers seek more plant-based alternatives such as lupin beans and soybeans as their protein source. People are adopting vegan diets because of ethical concerns toward animals and for a better environment. According to PETA, approximately 2.5% of the US population is vegan. Currently, consumers prefer healthier substitutes to meat, dairy, and other conventional protein sources. Plant-based proteins such as lupin beans have given vegans a wide portfolio of food products, meeting almost all nutritional health needs. This will further support the market growth in the coming years.

Key Lupin Market Challenge

One of the key challenges to the global lupin market growth is the wide availability of substitute products. Being predominantly a protein ingredient, lupins have numerous substitutes like soy and egg proteins, which lead the protein ingredients market, followed by whey protein and casein. The increasing demand from specific end-user applications, such as sports and fitness nutrition, has, in turn, triggered the demand for animal protein ingredients. Apart from soy, proteins from peas, potato, canola, rice, and chia have emerged as prominent plant-protein ingredients. Pea protein has a protein content of 85%, which is significantly higher than other vegetable proteins. Pea protein and other plant proteins such as rice and wheat have complementary amino acid profiles, and when combined, they offer enhanced nutritional benefits. All this may hinder the market growth in the forecast period.

This lupin market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global lupin market as a part of the global agricultural products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lupin market during the forecast period.

Who are the Major Lupin Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the lupin market encompasses successful business strategies deployed by the key vendors. The lupin market is fragmented and the vendors are deploying growth strategies such as investments in R and D of new and innovative product variants to compete in the market.

Product Insights and News

ABS Food Srl - The company offers lupin that comes from selected seeds, deemed and then thermally treated to eliminate the presence of alkaloids.
ABS Food Srl - Under the unified segment, the company provides natural ingredients, from traceable and safe supply chains which include algae, starches, flours, fibers, and malted grains.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The lupin market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Lupin Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the lupin market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Lupin Market?

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69% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for lupin in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in the application of lupins both for human food and animal feed will facilitate the lupin market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak COVID-19 had a negative impact on the growth of the regional lupin market in 2020. Several countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under a partial or full lockdown to control the spread of the coronavirus. However, with rising vaccination drives, there has been a rise in food production activities in 2021 in the region. Hence, this is expected to foster the growth of the regional lupin market during the forecast period.

What are the Revenue-generating Application Segments in the Lupin Market?

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The lupin market share growth by the animal feed segment will be significant during the forecast period. Lupin beans are being widely used as alternatives to soybean in all livestock species due to their high-quality protein. The significant increase in the demand for cost-effective protein foods for livestock and poultry will drive the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the lupin market size and actionable market insights on post COVID-19 impact on each segment.

Lupin Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.11%
Market growth 2022-2026	$ 7.74 billion
Market structure	Fragmented
YoY growth (%)	3.88
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 69%
Key consumer countries	US, Australia, China, Japan, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABS Food Srl, Barentz BV, Coorow Seeds, DHAVAL AGRI EXPORT LLP, Eagle Foods Australia, Ethics Organic, Golden West Foods Pty Ltd., HL Agro Products Pvt. Ltd., INVEJA SAS, Just Organik, KTC Edibles, NOW Health Group Inc., Orienco SAS, Raab Vitalfood GmbH, Samruddhi Organic Farm I Pvt. Ltd., SHILOH FARMS, Sresta Natural Bioproducts Pvt. Ltd., and SunOpta Inc.
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 forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Lupin Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive lupin market growth during the next five years
Precise estimation of the lupin market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the lupin industry across APAC, Europe, North America, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of lupin market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application

5.3 Animal feed - Market size and forecast 2021-2026
- Exhibit 28: Chart on Animal feed - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Animal feed - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Animal feed - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Animal feed - Year-over-year growth 2021-2026 (%)

5.4 Food and beverages - Market size and forecast 2021-2026
- Exhibit 32: Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)

5.5 Others - Market size and forecast 2021-2026
- Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Application
- Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 Australia - Market size and forecast 2021-2026
- Exhibit 66: Chart on Australia - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Australia - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Australia - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 ABS Food Srl
- Exhibit 93: ABS Food Srl - Overview
- Exhibit 94: ABS Food Srl - Product / Service
- Exhibit 95: ABS Food Srl - Key offerings

10.4 Barentz BV
- Exhibit 96: Barentz BV - Overview
- Exhibit 97: Barentz BV - Product / Service
- Exhibit 98: Barentz BV - Key offerings

10.5 Coorow Seeds
- Exhibit 99: Coorow Seeds - Overview
- Exhibit 100: Coorow Seeds - Product / Service
- Exhibit 101: Coorow Seeds - Key offerings

10.6 DHAVAL AGRI EXPORT LLP
- Exhibit 102: DHAVAL AGRI EXPORT LLP - Overview
- Exhibit 103: DHAVAL AGRI EXPORT LLP - Product / Service
- Exhibit 104: DHAVAL AGRI EXPORT LLP - Key offerings

10.7 Eagle Foods Australia
- Exhibit 105: Eagle Foods Australia - Overview
- Exhibit 106: Eagle Foods Australia - Product / Service
- Exhibit 107: Eagle Foods Australia - Key offerings

10.8 Golden West Foods Pty Ltd.
- Exhibit 108: Golden West Foods Pty Ltd. - Overview
- Exhibit 109: Golden West Foods Pty Ltd. - Product / Service
- Exhibit 110: Golden West Foods Pty Ltd. - Key offerings

10.9 INVEJA SAS
- Exhibit 111: INVEJA SAS - Overview
- Exhibit 112: INVEJA SAS - Product / Service
- Exhibit 113: INVEJA SAS - Key offerings

10.10 NOW Health Group Inc.
- Exhibit 114: NOW Health Group Inc. - Overview
- Exhibit 115: NOW Health Group Inc. - Product / Service
- Exhibit 116: NOW Health Group Inc. - Key offerings

10.11 Raab Vitalfood GmbH
- Exhibit 117: Raab Vitalfood GmbH - Overview
- Exhibit 118: Raab Vitalfood GmbH - Product / Service
- Exhibit 119: Raab Vitalfood GmbH - Key offerings

10.12 SunOpta Inc.
- Exhibit 120: SunOpta Inc. - Overview
- Exhibit 121: SunOpta Inc. - Business segments
- Exhibit 122: SunOpta Inc. - Key offerings
- Exhibit 123: SunOpta Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 124: Inclusions checklist
- Exhibit 125: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 126: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 127: Research methodology
- Exhibit 128: Validation techniques employed for market sizing
- Exhibit 129: Information sources

11.5 List of abbreviations
- Exhibit 130: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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