About Lupin
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. White and Yellow lupins may also be tested for bean yellow mosaic virus and blue lupins tend not to carry the virus in the seed as infected plants tend to die before seed is set.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Lupin market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Lupin Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Barentz International (The Netherlands), Golden West Foods Pty Ltd (Australia), Coorow Seeds (Australia), Inveja SAS - Lup'Ingredients (France), Soja Austria (Austria), Stevens Seeds (United States), Eagle Foods Australia (Australia) and Lupin Foods Australia (Australia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Frank Food Products (The Netherlands), Powell May International (Canada) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Lupin market by Type (Seeds, Flakes, Protein Concentrates and Flour), Application (Food and Beverage, Dietary Supplements, Personal Care, Cosmetic Industry and Others) and Region.
On the basis of geography, the market of Lupin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Lupin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color, the sub-segment i.e. White will boost the Lupin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness of Vegan Diet and Lupin Flour Increases Shelf-Life, Texture and Aroma of Bread
Market Growth Drivers:
Increasing Demand Due to Health Benefits of Lupins and Rising Adoption of Lupin for Producing Refined Oil
Challenges:
Availability of Substitute Products
Restraints:
Allergic Reaction Due to Lupins
Opportunities:
Increasing Preference for Plant-Derived Proteins
Market Leaders and their expansionary development strategies
In September 2023, Global pharma major Lupin Limited (Lupin) announced that it has signed an agreement to acquire five legacy brands in strategic therapy areas – Gastroenterology, Urology and Anti-infectives from Menarini (A. Menarini India Private Limited and A. Menarini Asia-Pacific Holdings Pte. Ltd.), along with the associated trademark rights. The brands are Piclin (Picosulphate Sodium), Menoctyl (Otilonium Bromide), Sucramal O (Sucralfate + Oxetacaine), Pyridium (Phenazopyridine) and Distaclor (Cefaclor).
In December 2023, Lupin Life, the consumer healthcare business of global pharma major, Lupin Limited (Lupin) announced the launch of Softovac Liquifibre, a 100% Ayurvedic liquid laxative. With this, the company enters the Indian liquid laxative market with this innovative product that is a formulation of Isabgol fibre in liquid form and natural actives such as Sonamukhi, Harad, Mulethi, Saunf, Amaltas and Gulab Dal.
European Union (EU) food allergen labeling rules require that pre-packaged foods sold in the EU clearly describe any of the 14 allergens on their regulatory list, which includes lupin [14][15]. Required allergen information, including lupin, is also mandatory for non-packaged foods, such as loose foods sold at restaurants or supermarkets in the EU [14][15]. and In the United States, ingredient labeling laws address 8 major food allergens, which do not include lupin [16]. Those allergic to lupin should still read ingredient labels to check for the presence of lupin.
Key Target Audience
Manufacturers of Lupin, Suppliers of Lupin, Wholesalers, Distributors and Retailers of Lupin, Food & Beverage Industry, Cosmetic Industry, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.