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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