The global lupin milk market is expected to grow from USD 39.0 million in 2024 to USD 66.6 million by 2034. By 2034, the market is projected to surge at 9.8% CAGR.
Attributes | Key Insights |
---|---|
Estimated Global Lupin Milk Market Size (2024E) | USD 39.0 million |
Projected Lupin Milk Market Value (2024E) | USD 66.6 million |
Value-based CAGR (2024 to 2034) | 9.8% |
Lupin Milk Market Overview
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The global lupin milk market had a consistent growth from 2019 to 2023, indicating a rising acceptance of plant-based and vegan diet.
The lupin milk market is projected to rise at a CAGR of 9.8% by 2034.
The table below explains the size of the lupin milk market in the top five countries for 2034. Among them, the United States is anticipated to remain at the forefront by reaching a valuation of USD 13.3 million. It is expected to be followed by Germany and China at USD 10.7 million and USD 9.3 million, respectively, by 2034.
Countries | Market Value in 2034 |
---|---|
Australia | USD 3.3 million |
Germany | USD 10.7 million |
China | USD 9.3 million |
United States | USD 13.3 million |
Poland | USD 2.7 million |
Australia’s lupin milk market is expected to reach USD 3.3 million by 2034. The factors driving the market growth are as follows:
The lupin milk market in Poland is poised to exhibit a CAGR of 5.6%, reaching a market valuation of USD 2.7 million during the forecast period. Emerging patterns in the market are as follows:
The United States is expected to rise at a CAGR of 7.6% to reach a market valuation of USD 13.3 million by the year 2034. The USA is projected to observe a growing demand for healthy and sustainable food sources. Other major factors which are helping the market grow are:
By 2034, China is expected to reach USD 9.3 million. The key factors supporting the market growth are:
Lupin milk demand in Germany is anticipated to reach USD 10.7 million by 2034. This is attributable to a combination of factors, including:
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The section below shows the plain segment dominated by product type. The segment is expected to reach USD 21.8 million by 2024. Based on end-use applications, the food and beverage segment is anticipated to generate a dominant share through 2024. It is set to reach USD 15.6 million by 2024.
Segment | Market Value (2024) |
---|---|
Plain (Product Type) | USD 21.8 million |
Conventional (Source) | USD 35.1 million |
Food and Beverages (End-use Application) | USD 15.6 million |
Hypermarket./Supermarket (Distribution Channel) | USD 12.0 million |
Based on end-use applications, the food and beverage segment is expected to reach USD 15.6 million in 2024.
The competitive landscape in the lupin milk market is quite diversified and dynamic. Due to this lupin milk suppliers and producers are increasingly investing in research and development, sustainable sourcing, and new formulations that seek to gain popularity.
These key players bring flavors to make it taste different such as chocolate and vanilla to cover the nutty taste of lupin milk. Major players have been driving to enhance their market position and focus on capitalizing on the surge in demand through quality, focusing on innovation, and matching customer preferences.
Product Launches and Key Developments
The market is set to reach USD 39.0 million in 2024.
Demand for lupin milk is slated to expand at a 9.8% CAGR by 2034.
The market is expected to reach USD 66.6 million in 2034.
Lupin Foods Australia, Prolupin, and SIG Combibloc are the key players.
Plain segment is estimated to hold a significant market share in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Global Market Outlook 3.1. Historical Market Size (in Value (US$ million) and Volume (Lit) Analysis, 2019 to 2023 3.2. Current and Future Market Size (in Value (US$ million) and Volume (Lit) Analysis, 2024 to 2034 3.2.1. Y-o-Y Growth Trend Analysis 3.2.2. Absolute $ Opportunity Analysis 4. Market Dynamics 4.1. Drivers 4.1.1. Supply Side Drivers 4.1.2. Demand Side drivers 4.1.3. Economic Side Drivers 4.2. Restraints 4.3. Opportunity 4.4. Market Trends by Region 4.5. Forecast Factors - Relevance and Impact 4.6. Regulations and Policies 5. Global Market - Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.1.3. Retailer Level Pricing 5.2. Price Point Assessment by Product Type 5.3. Price Forecast till 2034 6. Value Chain Analysis 6.1. Operating margins at each node of the supply chain 6.2. List of Active Market Participants 7. Global Market Size (in Value (US$ million) and Volume (Lit) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7.1. Historical Market Size (in Value (US$ million) and Volume (Lit) Analysis, 2019 to 2023 7.2. Current and Future Market Size (in Value (US$ million) and Volume (Lit) Analysis, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (in Value (US$ million) and Volume (Lit) Analysis by Product Type, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ million) and Volume (Lit) Analysis and Forecast by Product Type, 2024 to 2034 8.3.1. Plain 8.3.2. Flavored 8.4. Market Attractiveness Analysis by Product Type 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Source 9.1. Introduction / Key Findings 9.2. Historical Market Size (in Value (US$ million) and Volume (Lit) Analysis by Source, 2019 to 2023 9.3. Current and Future Market Size (in Value (US$ million) and Volume (Lit) Analysis and Forecast by Source, 2024 to 2034 9.3.1. Organic 9.3.2. Conventional 9.4. Market Attractiveness Analysis by Source 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, End-use Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (in Value (US$ million) and Volume (Lit) Analysis by End-use Application, 2019 to 2023 10.3. Current and Future Market Size (in Value (US$ million) and Volume (Lit) Analysis and Forecast by End-use Application, 2024 to 2034 10.3.1. Food & Beverages 10.3.2. Bakery and Confectionary 10.3.3. Personal Care 10.3.4. Retail Sales 10.4. Market Attractiveness Analysis by End-use Application 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Distribution Channel 11.1. Introduction / Key Findings 11.2. Historical Market Size (in Value (US$ million) and Volume (Lit) Analysis by Distribution Channel, 2019 to 2023 11.3. Current and Future Market Size (in Value (US$ million) and Volume (Lit) Analysis and Forecast by Distribution Channel, 2024 to 2034 11.3.1. Hypermarket/Supermarket 11.3.1.1. Convenience Stores 11.3.1.2. Wholesale Stores 11.3.1.3. Specialty Stores 11.3.1.4. Online Retailers 11.3.1.5. B2B 11.4. Market Attractiveness Analysis by Distribution Channel 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 12.1. Introduction 12.2. Historical Market Size (in Value (US$ million) and Volume (Lit) Analysis by Region, 2019 to 2023 12.3. Current Market Size (in Value (US$ million) and Volume (Lit) Analysis and Forecast By Region, 2024 to 2034 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia 12.3.6. Oceania 12.3.7. Middle East and Africa 12.4. Market Attractiveness Analysis by Region 13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 13.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2024 to 2034 13.4.1. By Country 13.4.1.1. United States 13.4.1.2. Canada 13.4.2. by Product Type 13.4.3. by Source 13.4.4. by End-use Application 13.4.5. by Distribution Channel 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. by Product Type 13.5.3. by Source 13.5.4. by End-use Application 13.5.5. by Distribution Channel 13.6. Key Takeaways 14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 14.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2024 to 2034 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Colombia 14.4.1.4. Argentina 14.4.1.5. Rest of Latin America 14.4.2. by Product Type 14.4.3. by Source 14.4.4. by End-use Application 14.4.5. by Distribution Channel 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. by Product Type 14.5.3. by Source 14.5.4. by End-use Application 14.5.5. by Distribution Channel 14.6. Key Takeaways 15. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 15.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2024 to 2034 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. United Kingdom 15.4.1.3. France 15.4.1.4. Italy 15.4.1.5. Spain 15.4.1.6. BENELUX 15.4.1.7. Nordic 15.4.1.8. Russia 15.4.1.9. Poland 15.4.1.10. Rest of Europe 15.4.2. by Product Type 15.4.3. by Source 15.4.4. by End-use Application 15.4.5. by Distribution Channel 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. by Product Type 15.5.3. by Source 15.5.4. by End-use Application 15.5.5. by Distribution Channel 15.6. Key Takeaways 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 16.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2024 to 2034 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.2. by Product Type 16.4.3. by Source 16.4.4. by End-use Application 16.4.5. by Distribution Channel 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. by Product Type 16.5.3. by Source 16.5.4. by End-use Application 16.5.5. by Distribution Channel 16.6. Key Takeaways 17. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 17.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2024 to 2034 17.4.1. By Country 17.4.1.1. India 17.4.1.2. Thailand 17.4.1.3. Malaysia 17.4.1.4. Indonesia 17.4.1.5. Singapore 17.4.1.6. Rest of South Asia 17.4.2. by Product Type 17.4.3. by Source 17.4.4. by End-use Application 17.4.5. by Distribution Channel 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. by Product Type 17.5.3. by Source 17.5.4. by End-use Application 17.5.5. by Distribution Channel 17.6. Key Takeaways 18. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 18.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2024 to 2034 18.4.1. By Country 18.4.1.1. Australia 18.4.1.2. New Zealand 18.4.2. by Product Type 18.4.3. by Source 18.4.4. by End-use Application 18.4.5. by Distribution Channel 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. by Product Type 18.5.3. by Source 18.5.4. by End-use Application 18.5.5. by Distribution Channel 18.6. Key Takeaways 19. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19.1. Introduction 19.2. Pricing Analysis 19.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 19.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2024 to 2034 19.4.1. By Country 19.4.1.1. UAE 19.4.1.2. Saudi Arabia 19.4.1.3. Other GCC Countries 19.4.1.4. North Africa 19.4.1.5. South Africa 19.4.1.6. Central Africa 19.4.2. by Product Type 19.4.3. by Source 19.4.4. by End-use Application 19.4.5. by Distribution Channel 19.5. Market Attractiveness Analysis 19.5.1. By Country 19.5.2. by Product Type 19.5.3. by Source 19.5.4. by End-use Application 19.5.5. by Distribution Channel 19.6. Key Takeaways 20. Country-level Market Analysis 20.1. United States Market Analysis 20.1.1. by Product Type 20.1.2. by Source 20.1.3. by End-use Application 20.1.4. by Distribution Channel 20.2. Canada Market Analysis 20.2.1. by Product Type 20.2.2. by Source 20.2.3. by End-use Application 20.2.4. by Distribution Channel 20.3. Brazil Market Analysis 20.3.1. by Product Type 20.3.2. by Source 20.3.3. by End-use Application 20.3.4. by Distribution Channel 20.4. Mexico Market Analysis 20.4.1. by Product Type 20.4.2. by Source 20.4.3. by End-use Application 20.4.4. by Distribution Channel 20.5. Argentina Market Analysis 20.5.1. by Product Type 20.5.2. by Source 20.5.3. by End-use Application 20.5.4. by Distribution Channel 20.6. Germany Market Analysis 20.6.1. by Product Type 20.6.2. by Source 20.6.3. by End-use Application 20.6.4. by Distribution Channel 20.7. United Kingdom Market Analysis 20.7.1. by Product Type 20.7.2. by Source 20.7.3. by End-use Application 20.7.4. by Distribution Channel 20.8. France Market Analysis 20.8.1. by Product Type 20.8.2. by Source 20.8.3. by End-use Application 20.8.4. by Distribution Channel 20.9. Italy Market Analysis 20.9.1. by Product Type 20.9.2. by Source 20.9.3. by End-use Application 20.9.4. by Distribution Channel 20.10. Spain Market Analysis 20.10.1. by Product Type 20.10.2. by Source 20.10.3. by End-use Application 20.10.4. by Distribution Channel 20.11. BENELUX Market Analysis 20.11.1. by Product Type 20.11.2. by Source 20.11.3. by End-use Application 20.11.4. by Distribution Channel 20.12. Nordic Market Analysis 20.12.1. by Product Type 20.12.2. by Source 20.12.3. by End-use Application 20.12.4. by Distribution Channel 20.13. Russia Market Analysis 20.13.1. by Product Type 20.13.2. by Source 20.13.3. by End-use Application 20.13.4. by Distribution Channel 20.14. Poland Market Analysis 20.14.1. by Product Type 20.14.2. by Source 20.14.3. by End-use Application 20.14.4. by Distribution Channel 20.15. China Market Analysis 20.15.1. by Product Type 20.15.2. by Source 20.15.3. by End-use Application 20.15.4. by Distribution Channel 20.16. Japan Market Analysis 20.16.1. by Product Type 20.16.2. by Source 20.16.3. by End-use Application 20.16.4. by Distribution Channel 20.17. South Korea Market Analysis 20.17.1. by Product Type 20.17.2. by Source 20.17.3. by End-use Application 20.17.4. by Distribution Channel 20.18. India Market Analysis 20.18.1. by Product Type 20.18.2. by Source 20.18.3. by End-use Application 20.18.4. by Distribution Channel 20.19. Thailand Market Analysis 20.19.1. by Product Type 20.19.2. by Source 20.19.3. by End-use Application 20.19.4. by Distribution Channel 20.20. Malaysia Market Analysis 20.20.1. by Product Type 20.20.2. by Source 20.20.3. by End-use Application 20.20.4. by Distribution Channel 20.21. Indonesia Market Analysis 20.21.1. by Product Type 20.21.2. by Source 20.21.3. by End-use Application 20.21.4. by Distribution Channel 20.22. Vietnam Market Analysis 20.22.1. by Product Type 20.22.2. by Source 20.22.3. by End-use Application 20.22.4. by Distribution Channel 20.23. Philippines Market Analysis 20.23.1. by Product Type 20.23.2. by Source 20.23.3. by End-use Application 20.23.4. by Distribution Channel 20.24. Singapore Market Analysis 20.24.1. by Product Type 20.24.2. by Source 20.24.3. by End-use Application 20.24.4. by Distribution Channel 20.25. Australia Market Analysis 20.25.1. by Product Type 20.25.2. by Source 20.25.3. by End-use Application 20.25.4. by Distribution Channel 20.26. New Zealand Market Analysis 20.26.1. by Product Type 20.26.2. by Source 20.26.3. by End-use Application 20.26.4. by Distribution Channel 20.27. Turkiye Market Analysis 20.27.1. by Product Type 20.27.2. by Source 20.27.3. by End-use Application 20.27.4. by Distribution Channel 20.28. Egypt Market Analysis 20.28.1. by Product Type 20.28.2. by Source 20.28.3. by End-use Application 20.28.4. by Distribution Channel 20.29. South Africa Market Analysis 20.29.1. by Product Type 20.29.2. by Source 20.29.3. by End-use Application 20.29.4. by Distribution Channel 20.30. GCC Countries Market Analysis 20.30.1. by Product Type 20.30.2. by Source 20.30.3. by End-use Application 20.30.4. by Distribution Channel 21. Market Structure Analysis 21.1. Global Market Competition - a Dashboard View 21.2. Industry Structure Analysis 21.2.1. % tier 1 market players 21.2.2. % tier 2 market players 21.2.3. % tier 3 market players 21.3. Global Market Company Share Analysis 21.3.1. For Tier 1 Market Players, 2023 21.3.2. Company Market Share Analysis of Top 5 Players, By Region 21.4. Key Participants Market Presence (Intensity Mapping) by Region 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep Dive 22.3.1. Lupin Foods Australia 22.3.1.1. Product Portfolio 22.3.1.2. Product Claim 22.3.1.3. Revenue by Market Segments 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.1.6. SWOT Analysis 22.3.2. Prolupin 22.3.3. SIG Combibloc 22.3.4. PURIS 22.3.5. Fraunhofer IVV 22.3.6. Other Players (On Additional Requests) 23. Assumptions and Acronyms 24. Research Methodology
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