Lupin Seed Market Trends and Forecast
The future of the global lupin seed market looks promising with opportunities in the pharmaceutical, food & beverage, nutritional & wellness supplement, and cosmetics markets. The global lupin seed market is expected to grow with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing demand for plant-based proteins and rising application of this seed in animal feed.
• Lucintel forecasts that lupinus albus is expected to witness the highest growth over the forecast period.
• Within this market, pharmaceutical is expected to witness the highest growth.
• North America is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Lupin Seed Market
• United States: In the United States, the lupin seed market is primarily driven by companies like Idaho Seed Company and Ernst Conservation Seeds. Idaho Seed Company has been focusing on developing drought-tolerant and disease-resistant lupin seed varieties suitable for different soil types in the Western states. Ernst Conservation Seeds has expanded its lupin seed production to support ecological restoration projects and erosion control initiatives across the Midwest and Northeast regions. Government targets in the U.S. include promoting sustainable agriculture practices through conservation programs like the Conservation Reserve Program (CRP), which incentivizes farmers to plant lupin seeds for soil health improvement. Sources of data include USDA reports, industry publications, and company announcements.
• India: In India, companies such as Nuziveedu Seeds and Mahyco are leading players in the lupin seed market. Nuziveedu Seeds has been involved in developing hybrid lupin seed varieties with high yield potential and resistance to pests and diseases. Mahyco has introduced genetically modified lupin seeds aimed at improving productivity and enhancing nutritional content. Government targets in India focus on increasing lupin seed production through initiatives under the National Food Security Mission (NFSM), providing subsidies and research support to farmers. Sources of data include reports from the Ministry of Agriculture, industry analyses, and company press releases.
• China: ChinaÄX%$%Xs lupin seed market is developing with companies like Beijing Green Seeds and Jiangsu Seed Group leading initiatives. Beijing Green Seeds has focused on breeding lupin seed varieties adapted to local climatic conditions and improving yield potential. Jiangsu Seed Group has expanded its lupin seed production to meet growing demand for livestock feed and industrial applications. Government targets in China support agricultural modernization and food security goals, including subsidies for lupin seed farmers and investments in seed technology research. Sources of data include China National Bureau of Statistics data, industry reports, and company announcements.
• Germany: In Germany, companies like DLF Pickseed and KWS Saat SE are prominent in the lupin seed market. DLF Pickseed has been specializing in developing lupin seed varieties with improved agronomic traits for sustainable agriculture and forage production. KWS Saat SE has focused on breeding lupin seeds with enhanced disease resistance and nutritional content for both animal feed and human consumption. Government targets in Germany promote sustainable agriculture through policies under the Common Agricultural Policy (CAP), encouraging lupin seed cultivation for crop rotation and soil improvement. Sources of data include Eurostat reports, industry publications, and company updates.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Lupin Seed Market by Segment
The study includes a forecast for the global lupin seed market by type, application, and region.
Lupin Seed Market by Type [Value from 2018 to 2030]:
• Lupinus Albus
• Lupinus Luteus
• Lupinus Angustifolia
• Lupinus Caudatus
• Lupinus Mutabilis
• Others
Lupin Seed Market by Application [Value from 2018 to 2030]:
• Pharmaceutical
• Food & Beverage
• Nutritional & Wellness Supplement
• Cosmetics
• Others
Lupin Seed Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Lupin Seed Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lupin seed companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lupin seed companies profiled in this report include-
• Good Grains International
• Soya Uk
• Australian Grain Technologies
• Coorow Seeds
• Riverina
• Hart Bros Seeds
• Maverick Bean
Recent Development in the Lupin Seed Market
• Seed Co Limited : Seed Co Limited has introduced hybrid lupin seed varieties in Africa aimed at increasing food security and enhancing farmer incomes. Their initiatives include capacity-building programs for smallholder farmers on lupin seed cultivation.
• Beidahuang Group : Beidahuang Group has invested in research to develop high-yielding lupin seed varieties suitable for large-scale agricultural production in China. Their initiatives include technology transfer and agronomic training for farmers.
• Land OÄX%$%XLakes : Land OÄX%$%XLakes has expanded its lupin seed research to develop varieties with enhanced nutritional profiles for animal feed applications in North America. Their initiatives include collaborations with universities and industry partners.
• Barenbrug Group : Barenbrug Group has focused on developing lupin seed varieties for ecological restoration projects and erosion control applications globally. Their initiatives include seed distribution partnerships with environmental agencies.
• Corteva Agriscience : Corteva Agriscience has introduced advanced lupin seed technologies aimed at improving seedling vigor and crop productivity. Their initiatives include seed treatment innovations to enhance seedling establishment under variable environmental conditions.
Features of the Global Lupin Seed Market
Market Size Estimates: Lupin seed market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Lupin seed market size by type, application, and region in terms of value ($B).
Regional Analysis: Lupin seed market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the lupin seed market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lupin seed market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for lupin seed market?
Answer: The global lupin seed market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the lupin seed market?
Answer: The major drivers for this market are increasing demand for plant-based proteins and rising application of this seed in animal feed.
Q3. What are the major segments for lupin seed market?
Answer: The future of the lupin seed market looks promising with opportunities in the pharmaceutical, food & beverage, nutritional & wellness supplement, and cosmetics markets.
Q4. Who are the key lupin seed market companies?
Answer: Some of the key lupin seed companies are as follows:
• Good Grains International
• Soya Uk
• Australian Grain Technologies
• Coorow Seeds
• Riverina
• Hart Bros Seeds
• Maverick Bean
Q5. Which lupin seed market segment will be the largest in future?
Answer: Lucintel forecasts that lupinus albus is expected to witness the highest growth over the forecast period.
Q6. In lupin seed market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the lupin seed market by type (lupinus albus, lupinus luteus, lupinus angustifolia, lupinus caudatus, lupinus mutabilis, and others), application (pharmaceutical, food & beverage, nutritional & wellness supplement, cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Lupin Seed Market Market, Lupin Seed Market Market Size, Lupin Seed Market Market Growth, Lupin Seed Market Market Analysis, Lupin Seed Market Market Report, Lupin Seed Market Market Share, Lupin Seed Market Market Trends, Lupin Seed Market Market Forecast, Lupin Seed Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.