Lupin Milk Market

Lupin Milk Market Outlook from 2024 to 2034

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

• As consumers become more health-conscious they are looking for healthier alternatives to conventional milk. Lupin milk matches their preference as it is rich in protein and minerals but is very low in fat and carbohydrates.
• There is a growing demand for lupin-rich food products due to their high protein content and low glycemic index, which are beneficial for obese and diabetic patients with hypertension.
• Lupin milk is naturally free from casein and lactose, making it a great alternative for individuals with lactose intolerance or dairy allergies.
• Lupin milk is a sustainable alternative to cow’s milk as the lupine plants require less water and fertilizers compared to dairy farming, hence promoting market growth.
• One of the main drivers of the market growth is the rising popularity of lupin milk because of its several features such as additional nutritional benefits, being more sustainable, and can be used in multiple recipes.

2019 to 2024 Global Lupin Milk Market Growth Outlook Vs. 2024 to 2034

The global lupin milk market had a consistent growth from 2019 to 2023, indicating a rising acceptance of plant-based and vegan diet.

• Consumers were choosing plant-based alternatives for ethical, environmental, and health reasons, contributing to the increased demand for lupin milk as a milk substitute.
• Food producers have diversified and innovated lupin-based products beyond conventional milk in response to market demand. This involves creating yogurt, cheese, ice cream, and other dairy substitutes based on lentils, giving consumers more options.
• Technology developments in the food processing and industrial sectors have made it easier to produce lupin milk on a wider scale. Improvements in the taste, texture, and nutritional value have been made with the help of advanced extraction and processing methods which has increased the attraction of consumers.
• Rising knowledge about the nutritious advantages of lupin milk such as high protein, low fats, and cholesterol-free composition has made lupin milk more appealing to consumers.

The lupin milk market is projected to rise at a CAGR of 9.8% by 2034.

• As consumers are becoming aware of lactose intolerance and allergies to dairy, there is a rising demand for suitable alternatives.
• Lupin milk is both lactose and allergen making it suitable for individuals with dietary restrictions and those looking for a vegan alternative for milk.
• Lupin milk is versatile and this has led to the creation of new recipes in various food and beverage products.
• Manufacturers focus on developing unique recipes, such as lupin milk-based hot chocolate and pancakes, expanding the range of plant-based offerings in the market.

Key Lupin Milk Market Trends

• Rising demand for lupin milk in the bakery and confectionery market.
• Rising consumer consciousness of the environmental impact of their food choices.
• Companies are making efforts to market and educate consumers about the benefits of lupin milk to increase their awareness.
• Lupin milk that is made from lupin beans matches the demands of health-conscious consumers who are looking for healthy and minimally processed products.
• Lupin milk is excellent for consumers with food allergies or intolerances as it lacks common allergens, including dairy, soy, and nuts.
• Lupin milk fits in with vegetarian and vegan diets, satisfying the increasing number of customers switching to plant-based diets.
• When compared to other crops, lupin cultivation is comparatively sustainable.
• Consumers are being more attentive about the sustainability of components used in their food items this is making lupin milk seem a good alternative.

Restraining Factors in the Lupin Milk Market

• Customers are expected to find lupin milk less acceptable than regular dairy milk because of its potential differences in taste and texture.
• Restricted distribution of lupin milk is making it harder for the consumer to get it.
• Factors like processing methods, sources of lupin beans, and economies of scale are expected to raise the cost of lupin milk production.

Country-wise Insights

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

Emerging Opportunities in Australia Attracting Market Players

Australia’s lupin milk market is expected to reach USD 3.3 million by 2034. The factors driving the market growth are as follows:

• Concerns about the environment and health have all contributed to a sharp rise in the demand for plant-based milk substitutes such as lupin milk in Australia in recent years.
• Sustained innovation in product composition and packaging is expected to enhance consumer interest in and demand for lupin milk in Australia.

Plant-based Diet Trend to Boost Sales of Lupin Milk in Poland

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 rise in preference for plant-based diets is raising the sales of lupin milk in Poland. Lupin milk has gained popularity due to it being dairy-free, high nutritional profile, and potential health benefits.
• Lupin milk’s popularity is rising among consumers and food-serving establishments because it is versatile and can be used in various culinary applications.

Booming Food and Beverage Industry Escalating the Demand in the United States

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:

• Because of the rising number of consumers choosing plant-based diets for various reasons like environmental and health reasons, the demand for vegan alternatives to dairy like lupin milk is increasing.
• Lupin milk is a cruelty-free alternative to cow’s milk making it a great choice for vegans and individuals with lactose intolerance or allergic to dairy products.

Consumer Awareness Boosts Lupin Milk Demand in China

By 2034, China is expected to reach USD 9.3 million. The key factors supporting the market growth are:

• Lupin milk is easily available at several places such as health food stores, specialty markets, and online stores serving consumers who are looking for plant-based alternatives to dairy products in China.
• The Increasing consumer knowledge about lupin milk’s nutritional values and its sustainability is expected to drive the growth of the market in China.
• Compared to other plant-based milk substitutes such as almond, soy, or oat milk, the market for lupin milk is still developing in China.

Growing Emphasis on Health and Well-being in Germany Inflating Market Growth

Lupin milk demand in Germany is anticipated to reach USD 10.7 million by 2034. This is attributable to a combination of factors, including:

• Germany has a long history of cultivating lupin, which is utilized in several regional recipes.
• The fact that customers in Germany are familiar with lupin as an ingredient is set to help lupin milk become more widely accepted and used.

Category-wise Insights

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

Food and Beverage Industry to Generate High Revenue Through 2034

Based on end-use applications, the food and beverage segment is expected to reach USD 15.6 million in 2024.

• The food and beverages sector is expected to grow due to the rising popularity of lupin milk as a dairy alternative.
• Lupin milk can be used in the same ways conventional milk is used like in smoothies, pouring over cereals, and in other breakfast recipes providing a creamy texture and additional nutritional benefits.

Plain Lupin Milk Remains a Highly Sought-after Product Type

• Consumers are increasingly favoring natural and less processed food and beverages. Lupin milk matches perfectly with this trend as it doesn’t have any artificial flavors or additives.
• Plain lupin Milk’s clean-label approach aligns well with health-conscious consumers looking for healthy dairy alternatives.
• Plain lupin milk is neutral in flavor making it a versatile ingredient and can be used in several recipes.
• Unlike flavored versions which are made to give a specific taste, plain milk is flavorless allowing it to be used according to the choice of consumers.

Competitive Landscape

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

• In 2021, Lumi Foods partnered with PURIS to establish an integrated ecosystem to increase the production of lupin-based products.
• In 2023, Wide Open Agriculture, an Australia-based regenerative food and agriculture firm, acquired Prolupin, the top producer of sweet lupin protein in Germany.

Key Companies Profiled

• Lupin Foods Australia
• Prolupin
• SIG Combibloc
• PURIS
• Made With Luve

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

Frequently Asked Questions

How big is the lupin milk market?

The market is set to reach USD 39.0 million in 2024.

What is the forecast for the lupin milk market?

Demand for lupin milk is slated to expand at a 9.8% CAGR by 2034.

What is the outlook for the lupin milk market?

The market is expected to reach USD 66.6 million in 2034.

Who are the key players in the lupin milk market?

Lupin Foods Australia, Prolupin, and SIG Combibloc are the key players.

Which product type would lead the lupin milk market?

Plain segment is estimated to hold a significant market share in 2024.