Lupin Market to Grow at a CAGR of 3.6% During the Forecast Period 2020-2025 Growing Population Along With the Rising Demand of Lupin in Food and Beverage Industry Owing the Preparation of Various Beverages Such as Smoothies and Milkshakes Is Triggering Its Market Growth.
BriefingWire.com, 3/02/2021 - Lupin Market size is estimated to be 284 Million in 2019, growing at a CAGR of 3.6% during the forecast period 2020-2025. Lupin proteins are extracted from hexane deoiled lupin. The protein product type E comprises high molecular weight proteins which are separated using alkaline extraction and acid precipitation procedures. Growing population along with the rising demand of Lupin in food and beverage industry owing the preparation of various beverages such as smoothies and milkshakes is triggering its market growth. Apart, from this the use of Lupin in Cosmetic industry is also fueling its market growth owing to the presence of carotenoids and Vitamin E