Market Estimation & Definition

The Mung Bean Protein Industry was valued at USD 226.6 million in 2022 and is projected to reach USD 278.7 million by 2029, growing at a CAGR of 3% during the forecast period. Mung bean protein is a plant-derived protein extracted from mung beans (Vigna radiata), renowned for its high nutritional value, including proteins, fibers, antioxidants, and essential minerals. It is widely utilized in dietary supplements, plant-based meat substitutes, and various functional food products owing to its easy digestibility, neutral flavor, and health benefits.

Market Overview:

Mung bean, sometimes known as green gramme, is a legume plant which is commonly grown in tropical and subtropical areas. Moong is high in nutrients, including fibers, proteins, vitamins, and minerals, and that has a host of health benefits. Salads, soups, sauces, as well as other savory foods, utilize mung beans frequently. Mung beans have been grown and consumed throughout South Asia since the beginning of time. Proteins, fibers, vitamins, minerals, antioxidants, and phytoestrogens are all abundant in mung beans. Mung beans, in addition to their nutritional content, aid in the prevention and management of diseases such as diabetes, osteoporosis, heart disease, anaemia, and cancer.

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Market Dynamics:

Usage in Processed foods:

Mung Bean Protein because of its health benefits and long shelf life in hydrolyzed and concentrated form has led to its adoption in processed foods. Manufacturers have developed mung bean protein isolates with a flour-like consistency due to its high nutritious content and wide cultivation. Mung bean protein isolates are added to a variety of foods and goods to boost nutritional content or enhance specific types of foods, such as alternative meat products.

Segmentation Analysis

The mung bean protein market is segmented based on:

by Nature

• Organic
• Natural

by Product Type

• Concentrate
• Isolate
• Hydrolyzed

by End-Use

• Food and Beverages
• Sports Nutrition
• Pharmaceuticals
• Dietary Supplements

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Regional Insights:

The Mung Bean Protein Market is expected to be led by the Asia-Pacific market thanks to the region being one of the prime producers of the crop because of its climate. This can also be attributed to the Mung Bean being a part of many traditional recipes and therefore the existing adoption of its protein market. This is followed by North America where Mung Bean Protein is used extensively as a food supplement and for sports nutrition. Mung Bean Protein Market is also expected to have a strong foothold in the region because of the increased number of turned vegans. This is followed by the Europe market where consumption of fortified food products in the region has increased as healthy lifestyle patterns have become more popular.

Competitive Landscape

The market is moderately competitive with key players investing in product innovation and strategic partnerships. Leading companies include:

• FUJI Plant Protein Labs (Japan)
• Henry Broch Foods (US)
• Equinom (Israel)
• Organicway Inc. (US)
• Prinova Group LLC(US)
• ET-chem Natural Ingredients (China)
• 3B Keto (India)
• Bulk Powders (UK)
• ETprotein(China)
• Laybio(China)
• Organicway Inc. (US)
• Plantvita(India)
• Proeon(Norwich)
• Altein Ingredients Pvt. Ltd. (India)
• Laybionatural(China)

Conclusion

The mung bean protein market is set for steady growth, fueled by the global surge in plant-based nutrition trends, increasing demand for clean-label and sustainable food ingredients, and expanding applications in dietary supplements and meat substitutes. With promising prospects across the U.S., Germany, and Asia-Pacific regions, market participants are well-positioned to capitalize on this emerging protein segment.