A report by Future Market Insights has predicted strong growth for the lupin protein market through 2030. The growth will be largely driven by increasing demand for plant-based foods and beverages.
Wide Open Agriculture Acquires German Lupin Protein Producer Prolupin
Australian regenerative food and agriculture company Wide Open Agriculture (ASX: WOA) has acquired Germany’s leading sweet lupin protein producer, Prolupin, for €2.5 million. WOA has stated that the initiative aims to position the company as a global leader. The acquisition includes Prolupin’s manufacturing facility at Grimmen in northern Germany, providing WOA with commercial-scale manufacturing to introduce Buntine Protein, its flagship product, to the European market. According to WAO, the company has a growing pipeline of potential customers and it will be able to supply its lupin products within six months. The facility, which can produce 500 t of lupin protein concentrate, will be upgraded to 1,000 t within one or two years. Jay Albany, CEO of WOA, said: “This acquisition grants us immediate commercial production capacity in …
