Mung Bean Protein Market Size & Share 2023 to 2032
Market Size Share and Industry Analysis by Nature (Organic, Conventional), Product (Concentrate, Isolate, Hydrolyzed) and Application (Food and Beverages, Sports Nutrition, Dietary Supplements, Animal Feed) & Forecast.
Report ID: GMI5232
|
Published Date: November 2022
|
Report Format: PDF
Download Free PDF
Authors:
Kiran Pulidindi, Kunal Ahuja
Mung Bean Protein Market Size
Mung Bean Protein Market size stood at over USD 250 million in 2022 and due to the significant rise in the adoption of plant-based nutritional supplements, the industry is slated to observe a 4.5% CAGR from 2023 to 2032. Plant-based food products have gained tremendous popularity in recent years, owing to the changing dietary preferences and the accelerating consumer shift toward food that aligns with their values.
Besides, growing awareness about animal cruelty and increased cognition about the ill effects of meat and animal-derived products on environmental sustainability has further accentuated this trend. Based on the recent analysis by The Good Food Institute and the Plant-Based Foods Association, the plant-based food market value in the U.S. reached USD 7.4 billion in 2021, with retail plant-based foods sales in the country recording a growth of 6.2% since 2020. On the other hand, a study by DuPont Nutrition & Health suggested that 52% of the 1000 U.S. customers that took part in the survey were eating more plant-based foods, depicting a positive growth outlook for the mung bean protein industry.
The availability of numerous protein alternatives, such as soy protein, potato protein, egg, and meat protein in the market at relatively lower prices may hinder the market growth over the forthcoming years. However, on the flip side, the increasing number of brands and product manufacturers globally responding to the shift toward plant-based nutritional ingredients is poised to propel mung bean protein sales over the forecast period.
Mung Bean Protein Market Analysis
With regard to the product category, mung bean protein market from isolate segment is expected to garner over USD 220 million by 2032. Mung bean isolate is widely used as a direct protein replacement for vegetable or animal-based protein in a range of conventional food & beverages across multiple categories. The growing popularity of plant protein and the increasing product utilization as a meat additive owing to its high nutritional value and delicious flavor will propel segment revenues during the study timeframe.
Regarding nature, mung bean protein market conventional segment is predicted to be worth over USD 300 million by 2032. Conventional mung bean protein finds significant usage in functional foods, bakery goods, salty snacks, and confectionery products due to its rich nutritional composition and adaptable character. They contain a variety of Vitamin B variants, such as niacin, pantothenic acid, biotin, thiamin, etc., which help improve body energy levels. The accelerating consumer inclination toward natural food products, aided by rising health concerns, will create favorable growth prospects for the mung bean protein industry.
Based on applications, mung bean protein market size from food & beverage applications is anticipated to be worth over USD 110 million by 2032. The considerable change in consumer dietary patterns has shifted their preference toward conventional food products over synthetic ones. This has resulted in the inclusion of mung bean protein derivatives in a range of food & beverage products, such as sweets, soups, sauces, baked goods, etc. The increasing popularity of organic products due to their positive health impacts will further drive segment revenues over the coming years.
Asia Pacific mung bean protein marker is set to witness over 3.5% CAGR between 2023 and 2032. The increasing technological advancements and the growing adoption of modern farming techniques across countries such as India have significantly improved mung bean cultivation and yields. Governments across the region have been running several assistance programs and subsidy schemes to encourage farming practices, which will greatly contribute to regional market expansion.
Mung Bean Protein Market Share
are the major companies operating in the mung bean protein market.
Players in the competitive landscape have been making consistent efforts to develop products that meet the requirements o a widely expanding consumer base and boost their global presence.
Impact of COVID-19 Pandemic
Mung bean protein industry was positively influenced by the COVID-19 crisis. The onset of the health calamity enormously impacted people's everyday lives and intensified their search for healthy and clean food products. Several studies pointed out the significance of protein in preventing muscle loss and fighting infection in bedridden or inactive patients, which further boosted product sales. In addition, the increased emphasis on maintaining proper immune health further elevated the uptake of nutritional supplements, which further augmented the mung bean protein industry growth trajectory during the viral outbreak.
The Global Mung Bean Protein Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:
Click here to Buy Section of this Report
By Product
By Nature
By Application
The above information is provided on a regional and country basis for the following:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →