The Mung Bean Protein Market was worth US$ 225 million in 2021 and is anticipated to reach the valuation of US$ 282 million by 2027 and is predicted to register a CAGR of 3.2% during 2022-2027.
Mung bean protein is a plant-based protein extracted from the mung bean, a legume that is widely grown around the world. Mung bean protein is a new type of plant-based protein that has been shown to boost health and increase protein levels in the body.Mung bean protein is gluten-free and has several advantages over soy, pea, and other protein alternatives, including improved digestion and flavour.Mung bean protein can be used in a variety of foods and beverages, including baked products, pasta, protein snacks, breakfast cereals, and more. Mung bean protein is also used to manufacture a mixed protein powder that improves muscle strength.Mung bean is high in protein, with 24 grammes of protein per 100 grammes of bean. As a result, mung protein isolates have a crude protein concentration of more than 80%. Because of its high protein content and variety of flavours, mung bean protein is widely used in the production of plant-based and egg alternatives.
The growing preference of consumers for natural items over synthetic products has had a favourable impact on the industry. These factors are anticipated to contribute to the Mung Bean Protein Market growth.
The growing preference of consumers for natural items over synthetic products has had a favourable impact on industry. Furthermore, it is highly adaptable and may be used in a variety of recipes, cultures, and food products, such as baked goods, confectioneries, and savoury snacks.
The market will rise as young fitness-oriented people become more aware of the importance of daily protein intake in maintaining their fitness goals. Because of their high nutritious content, mung beans are commonly used in protein powder and dietary supplements. Mung has a mildly sweetened taste by nature, thus it's commonly utilised in protein and supplement powders to give sweetness as well as nourishment. Furthermore, professional athletes and fitness fanatics are increasingly using plant-based supplements as a substitute for whey protein, which will have a favourable impact on the mung bean protein market.
The increased usage of plant-based and protein in the food and beverage industry is also driving the mung bean protein market. Plant-based and protein have gained rapid pace in recent years as a result of the growing popularity of plant-based diets around the world.Makers are gradually adopting plant-based protein, particularly vegan food manufacturers, in order to supply consumers with better and more nutritious plant-based foods. Mung bean protein is a high-quality plant-based protein that is commonly utilised to make plant-based egg substitutes. Mung bean protein can be used in a variety of products, including sports supplements, nutrition additives, functional foods, and more. Furthermore, as a result of the veganism trend, meat substitute consumption is on the rise, providing an advantageous chance for the market growth of the mung bean protein market. These factors are anticipated to propel the Mung Bean Protein Market growth.
The availability of a large variety of mung bean protein replacements, such as pea protein and soy protein, is stifling the market's expansion. These are some of the factors which are holding back the Mung Bean Protein Market growth.
GOOD Meat is Eat Just's cultivated meat subsidiary, and it recently signed a multi-year restricted contract with bioprocess equipment innovator ABEC, Inc to design, fabricate, install, and commission the world's largest bioreactors, which GOOD Meat will use to sprout mammalian and avian cells into real meat without animal slaughtering.
The Mung Bean Protein Market has been divided by product into, concentrate, isolate and hydrolyzed. The grade segment of the Mung Bean Protein market is dominated by the concentrate grade with the highest market share. From 2022 to 2027, the market for concentrated mung bean protein is expected to rise at a significant rate of over 3%. During the post-pandemic period, demand for protein powders and dietary supplements has increased significantly, owing to increased consumer health awareness. Furthermore, plant-based proteins and supplements are in high demand compared to animal-based supplements because they have less potential side effects and are more readily available on the market.
Despite the fact that concentrated protein has a lower nutritional content than isolated protein, demand for the product is growing due to its ease of processing and low cost. Furthermore, the increasing popularity of plant-based protein over meat-based protein due to its higher nutritious value in fewer calories and lower price will aid market expansion.
The Mung Bean Protein Market has been divided by nature into, organic and non-organic. The nature segment of the Mung Bean Protein market is dominated by the organic category with the higher market share. By 2027, the organic mung bean protein market is expected to be worth more than USD 50.5 million. The mung bean protein market is growing due to rising demand for organic products due to their authenticity and quality assurance. Moongs are high in protein, vitamins, minerals, and fibre, and are grown organically. Because organic green grammes do not contain any artificial chemicals for flavour, taste, or texture, the nutritional content of the product is unaffected.
Because there are no pesticides or chemicals added to organic items, they are healthier and more useful than inorganic products. Furthermore, the global market is being aided by an increase in the number of consumers suffering from obesity and a growing preference for functional food products.
Food & beverages
By 2027, the market for mung bean protein in food and beverages is estimated to reach USD 168 million. Rising health-care and wellness consciousness, as well as busy lives, have boosted non-artificial beverage consumption, supporting market growth. Bakery & confectionery snacks & cereals, meat additives, and beverages are all part of the food & beverage business.
Mung is commonly included in energy drinks, smoothies, immunity-boosting shakes, and other functional beverages, as well as soups and other liquids. It's also utilised in a variety of dietary drinks, such as diet shakes and protein juices, due to its great nutritional value. The growing trend of using plant-based fortified beverages would boost market growth in the food & beverages industry.
The Mung Bean Protein Market Report includes the segmentation of Regions:
Following Europe, North America is witnessing a high value share in the global mung bean protein market, with a big number of plant-based protein manufacturers being a prominent component.
Europe dominates the global mung bean protein market, with the biggest value share, owing to the region's significant consumption of plant-based foods.
Due to its excellent climate, Asia is the largest producer and distributor of mung beans. During the growth season, mung beans require mean diurnal temperatures of 20°C or more, and the climate in east and southeast Asia is ideal. Furthermore, growing public awareness of animal cruelty has accelerated the uptake of plant-based products. Mung bean products' low-calorie composition, high protein, and high fibre content are also driving up demand globally.
Mung bean is produced in the biggest quantities in Asia Pacific countries such as India, China, and Myanmar. India is the region's largest producer, accounting for more than half of all global mung bean production. Rapid urbanisation, increased consumer awareness of health and fitness, and the fact that India is the largest producer of mung are all driving factors in the market across the region.
Prinova Group LLC
ET-chem Natural Ingredients
FUJI Plant Protein Labs
Henry Broch Foods
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Mung Bean Protein Market, By Product
6.1.4 Market Size Estimations & Forecasts (2022-2027)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Mung Bean Protein Market, By Nature
6.2.3 Market Size Estimations & Forecasts (2022-2027)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Mung Bean Protein Market, By Application
6.3.1 Food & Beverages
6.3.2 Sports Nutrition
6.3.3 Dietary Supplements
6.3.5 Animal Feed
6.3.7 Market Size Estimations & Forecasts (2022-2027)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Mung Bean Protein Market, by Region
7.2 North America - Market Analysis (2022-2027)
7.2.1 By Country
7.2.2 By Product
7.2.3 By Nature
7.2.4 By Application
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Product
7.3.3 By Nature
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Nature
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Product
7.5.3 By Nature
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Product
7.6.3 By Nature
7.6.4 By Application
8. Key Player Analysis
8.1 Prinova Group LLC
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 ET-chem Natural Ingredients
8.3 Bulk Powders
8.6 FUJI Plant Protein Labs
8.7 Henry Broch Foods
8.9 Organicway Inc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global Mung Bean Protein Market By Region, From 2022-2027 ( USD Billion )
Global Mung Bean Protein Market By Product, From 2022-2027 ( USD Billion )
Global Concentrate Market By Region, From 2022-2027 ( USD Billion )
Global Isolate Market By Region, From 2022-2027 ( USD Billion )
Global Hydrolyzed Market By Region, From 2022-2027 ( USD Billion )
Global Mung Bean Protein Market By Nature, From 2022-2027 ( USD Billion )
Global Organic Market By Region, From 2022-2027 ( USD Billion )
Global Non-Organic Market By Region, From 2022-2027 ( USD Billion )
Global Mung Bean Protein Market By Application, From 2022-2027 ( USD Billion )
Global Food & Beverages Market By Region, From 2022-2027 ( USD Billion )
Global Sports Nutrition Market By Region, From 2022-2027 ( USD Billion )
Global Dietary Supplements Market By Region, From 2022-2027 ( USD Billion )
Global Pharmaceuticals Market By Region, From 2022-2027 ( USD Billion )
Global Animal Feed Market By Region, From 2022-2027 ( USD Billion )
Global Others Market By Region, From 2022-2027 ( USD Billion )
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.