According to Future Market Insights (FMI), the worldwide lupin milk market is expected to reach US$ 39.0 million in 2024 and US$ 66.6 million by 2034. The market is projected to rise at a CAGR of 9.8% from 2024 to 2034.
The lupin milk market is experiencing significant growth driven by increasing consumer demand for dairy-free alternatives and the rising popularity of lupin as green manure. Lupin milk, derived from lupin beans, is emerging as a versatile and sustainable alternative to traditional dairy products.
Plant-based revolution, lupin milk offers a delicious dairy-free option and boasts environmental benefits, requiring minimal water and land resources. As this plant-based milk is gaining popularity, several flavors are being introduced to meet diverse consumer preferences.
Lupin milk caters to diverse taste preferences with an array of enticing flavors, including vanilla, chocolate, and original. Its neutral base makes it an ideal canvas for culinary experimentation, seamlessly blending into coffee, cereals, smoothies, and desserts.
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The food and beverage industry is a key consumer of lupin milk, with manufacturers incorporating it into a wide range of products. Lupin is used in food products such as confectionery, bakery products, and beverages. The versatility of lupin milk and its natural origin has made it a highly sought-after ingredient in the food industry.
Key Takeaways from the Report:
- The United States is expected to reach a market size of US$ 13.3 million in 2034.
- The global market for lupin milk is expected to rise, with an estimated value of US$ 39.0 million in 2024.
- The market is expected to surge at a CAGR of 9.8% by 2034.
- The lupin milk market in Poland is poised to exhibit a CAGR of 5.6% by 2034.
- Australia’s lupin milk market is expected to hold a total valuation of US$ 3.3 million by 2034.
“The lupin milk market is expected to experience significant growth due to the increasing consumer awareness of its health benefits, lactose intolerance considerations, and the environmentally sustainable aspects of lupin milk,” says a lead analyst at Future Market Insights (FMI).
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Competitive Landscape
Lupin Foods Australia, Prolupin, SIG Combibloc, PURIS, Casa de Sante, and others are the few leading players operating in the market. Acquisitions & mergers benefit companies by improving their product quality and expanding their market reach.
Pooling resources, experience, and clientele are expected to open doors to fresh talent, manufacturing sites, distribution channels, and technology. Introducing new and innovative products is helping companies to remain competitive & adapt to the shifting needs of their clientele.
Key Companies Profiled
- Lupin Foods Australia
- Prolupin
- SIG Combibloc
- PURIS
- Made With Luv
Lupin Milk Market Segmentation by Category
By Product Type:
- Plain
- Flavored
By Source:
- Organic
- Conventional
By End-use Application:
- Food & Beverages
- Bakery and Confectionary
- Personal Care
- Retail Sales
By Distribution Channel:
- Hypermarket/Supermarket
- Convenience Stores
- Wholesale Stores
- Specialty Stores
- B2B
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
For instance,
- In 2021, Lumi Foods and PURIS partnered to establish an integrated ecosystem to increase the production of lupin-based products.
Get More Valuable Insights
Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2023 and projecting forecast statistics for the 2024 to 2034 period.
The study incorporates compelling insights on the lupin milk market by product type (plain, flavored), source (organic, conventional), end-use application (food & beverages, bakery & confectionary, personal care, and retail sales), distribution channel (hypermarket/supermarket, convenience stores, wholesale stores, specialty stores, and B2B), and region.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains anssssd industry trends across more than 110 countries.
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