The global demand for Mung Bean Protein Market is presumed to reach the market size of nearly USD 509.14 MN by 2028 from USD 350 MN in 2021 with a CAGR of 5.5% under the study period 2022 - 2028.
Mung bean protein is a plant-based protein derived from small mung beans and green legumes native to India. Mung beans are rich in nutrients, including protein, fiber, and various vitamins and minerals. The antioxidants present in these can protect against cell damage and lowers the risk of chronic disease. Mung bean protein aids in weight loss, and supports healthy digestion. Mung bean protein is typically produced by grinding mung beans into a fine powder and then extracting the protein through a process called sprouting. healthy digestion. Mung bean protein is typically produced by grinding mung beans into a fine powder and then extracting the protein through a process called sprouting.
Market Dynamics
The increasing demand for plant-based protein sources and the growing awareness of the environmental and health benefits of mung beans has contributed to the growth of this market. Also, they are a good source of antioxidants and have been shown to have a number of health benefits. Moreover, the increasing popularity of mung bean protein as a dietary supplement and ingredient in various food products drives market growth. Furthermore, it is a complete protein containing all nine essential amino acids and is easily digestible, and resolves digestive issues among people. However, the limited availability of mung beans may limit the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of mung bean protein. The growth and trends of mung bean protein industry provide a holistic approach to this study.
Market Segmentation
This section of the mung bean protein market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Nature
By Product Type
- Concentrate
- Isolate
- Hydrolyzed
By End Use
- Food And Beverages (Bakery & Confectionery, Snacks & Cereals, Meat Additives, Beverages, Others)
- Sports Nutrition
- Pharmaceuticals
- Animal Feed
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Mung Bean Protein market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Mung Bean Protein Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mung bean protein market include FUJI Plant Protein Labs, Henry Broch Foods, Equinom, Organicway Inc., Prinova Group LLC, ET-chem Natural Ingredients, 3B Keto, Bulk Powders., ETprotein, Laybio, others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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