What is Mung Bean Protein?
Mung Bean which is also known as green gram is a species of legume family. The mung bean is mostly part of cuisine in Indian subcontinent. Because of their rich protein content as well as other essential vitamins, they are subject to excellent plant based protein applications. Thus, mung bean protein is rising in popularity. This is also led by growth of veganism and vegetarianism culture and the surge of the mung bean production. Organic mung bean protein is expected to rise in demand over the coming years, currently mung bean concentrate accounts for significant portion of the market. Currently, Asia Pacific accounts for largest market but North America is steadily catching up.
The market study is broken down by Type (Concentrate, Isolate and Hydrolyzed), by Application (Bakery and Confectionary, Sports Nutrition, Animal Feed, Snacks and Cereals and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Prinova Group LLC (United States), ET-Chem (China), FUJI Plant Protein Labs (United States), ETprotein (China), Henry Broch Foods (United States), Organicway Inc. (China), Laybio Natural (China), 3B Keto (United States), Bulk Powders (United Kingdom) and Proeon (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Equinom (Israel), TradeLink International Group Ltd. (United Kingdom) and Junior Industries (India).
AdvanceMarketAnalytics has segmented the market of Global Mung Bean Protein market by Type, Application and Region.
On the basis of geography, the market of Mung Bean Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Mung Bean Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Mung Bean Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Bulk Powders, a famous British producer and supplier of sports nutrition & bodybuilding supplements has announced acquisition of domain “Bulk.com” and has rebranded its brand from earlier Bulk Powder to Bulk.
In 2019, Fuji Plant Protein Labs, a United States based company which specialises in production of plant based protein and dairy alternatives has announced launch of Mung Bean Protein Isolate known as “Glucodia”. The newly launched product is gluten free and is self-affirmed GRAS.
- Organic Mung Protein is rising in Demand due to Rising Popularity of Chemical Free Meal
- Growth of the Vegetarianism and Veganism Culture
- Surge in Legume Production and Processed Food Applications
- Sports Nutrition has Exciting Opportunities to Offer especially due to Surge of Veganism and Gym Culture
- Supply Chain Constraints especially due to Recent Pandemic
- Competition from Alternate Protein Sources
Key Target AudienceMung Bean Protein Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Prinova Group LLC (United States), ET-Chem (China), FUJI Plant Protein Labs (United States), ETprotein (China), Henry Broch Foods (United States), Organicway Inc. (China), Laybio Natural (China), 3B Keto (United States), Bulk Powders (United Kingdom) and Proeon (India) etc.
2. Can we have customized study for Mung Bean Protein Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Mung Bean Protein Market by 2026?
Analysts at AMA estimates Mung Bean Protein Market to reach USD Million by 2026.