Report ID: UCMIG30H2078
Report ID:
UCMIG30H2078 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Mung Bean Protein Market witnessed a robust growth in 2022, with a market size exceeding USD 250 million. This growth can be attributed to the increasing popularity of plant-based nutritional supplements among consumers. In the coming years, the industry is projected to maintain a steady growth trajectory, with a compound annual growth rate (CAGR) of 4.5% expected from 2023 to 2032. This positive trend is driven by the rising adoption of plant-based diets and the growing awareness of the health benefits associated with mung bean protein consumption.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural Products by segment aggregation, the contribution of the Agricultural Products in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30H2078