Lupin Protein Market Introduction:
Lupin beans are yellow seeds of a legume plant, having high protein content. The Lupin plant is native to West Asia and the Eastern Mediterranean region of southern Europe. The lupin seeds are widely used as lupin flour, lupin-based pasta, and other dietary products. This protein is extracted from lupin beans and its applications in baked products, pasta, and other snack products. There are different types of lupin seeds, including blue, yellow and white which have different protein content. The global lupin protein market is expected to witness significant market growth in the near future owing to its escalating application in the animal feed industry.
Lupin Protein Market Dynamics
Lupin seeds consist of at least 37% of protein content and are rich in dietary fibers and oil with high levels of unsaturated fatty acids. Lupin protein is widely used in animal nutrition. For Example, lupin is used in ruminant nutrition, poultry nutrition, in aquaculture feed and in livestock feeds. Also, consumption of lupin is increasing among humans due to its high protein content and dietary fiber and low-fat content. Lupin is widely popular in Asia and Europe where it is labeled as an allergen on food products. However, lupin protein is gaining its popularity in North America and Latin America.
Lupin Protein Market Segmentation:
On the basis of nature, the global lupin protein market has been segmented as,
On the basis of Source, the global lupin protein market has been segmented as,
On the basis of product type, the global lupin protein market has been segmented as,
On the basis of application, the global lupin protein market has been segmented as,
Lupin Protein Market Key Players:
The market participants operating in the global lupin protein market are identified across the value chain include AMINOLA, Prolupin GmbH, A. Costantino & C. spa, The Protein Bread Company Pty Ltd, Coorow Seeds, LUP'INGREDIENTS, FRANK Food Products, BARENTZ among the other corn-based products manufacturers.
Lupin Protein Market Regional Outlook:
The global market for lupin proteins is expected to depict major growth in regions such as the Asia Pacific and Europe. The origin of lupin seeds is particular to West Asia and the Eastern Mediterranean region of southern Europe. This covers countries such as Turkey, Palestine, Greece, Italy, Cyprus, and Balkans. Apart from this, the seeds are also found in the U.S., Ethiopia, South Africa and in a certain part of Latin American countries.
Key Opportunities in Global Lupin Protein Market
The lupin protein has various applications in the nutraceutical industry, which is boosting the market growth of the global lupin protein market. Globally white lupin beans are widely used as a nutritional ingredient in food products. It has various applications in the food industry which include flour manufacturing, emulsifiers, meat extender, and as an alternative to genetically modified ingredients. Lupin protein concentrate is a non-GMO source of protein and is widely used in pet feed applications. Lupin protein hydrolysates are efficient in applications where low protein content is required. The demand for lupin protein is increasing across the globe owing to its increasing applications nutraceutical industry.
COVID-19 Impact on Global Lupin Protein Market
Currently, the world is facing a global pandemic like COVID-19, which has already started to show its impact on the global economy. To counter the widespread of coronavirus across the globe, many countries have faced the lockdown situation. The consumers having better immunity are less likely to be the victims of COVID-19. But manufacturers of nutraceutical ingredients and products are facing various challenges such as production, supply chain, and reduced sales. As the situation normalizes, the global market will witness the shift in the consumers' buying behavior, which will have inclined towards the immune-boosting products. The consumers will prefer the immune-boosting products to avoid future pandemics like COVID-19. This will defiantly influence the global lupin protein market, and it will gain more popularity as the nutraceutical supplement in the near future.