Global Mung Bean
Market Report
2024
Mung bean market size is USD 4351.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global mung bean market size is USD 4351.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Mung Bean Market Sales Revenue 2024 | $ 4351.2 Million |
Global Mung Bean Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.5% |
North America Mung Bean Market Sales Revenue 2024 | $ 1740.48 Million |
North America Mung Bean Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 1.7% |
Europe Mung Bean Market Sales Revenue 2024 | $ 1305.36 Million |
Europe Mung Bean Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2% |
Asia Pacific Mung Bean Market Sales Revenue 2024 | $ 1000.78 Million |
Asia Pacific Mung Bean Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
South America Mung Bean Market Sales Revenue 2024 | $ 217.56 Million |
South America Mung Bean Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.9% |
Middle East and Africa Mung Bean Market Sales Revenue 2024 | $ 87.02 Million |
Middle East and Africa Mung Bean Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.2% |
Market Split by Type |
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Market Split by Application |
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Market Split by Form |
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Market Split by Packaging |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Mung Bean Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Mung beans, scientifically known as Vigna radiata, are small, green legumes widely cultivated and consumed across the globe for their nutritional value and culinary versatility. Belonging to the Fabaceae family, they are a significant source of plant-based protein, fiber, vitamins, and minerals, including folate, iron, and potassium. With a history dating back thousands of years, mung beans are integral to various cuisines, often used in soups, salads, and curries, and sprouted for salads and sandwiches. In addition to their culinary uses, mung beans play a vital role in sustainable agriculture due to their ability to fix nitrogen in the soil.
Globalization and the growing popularity of ethnic cuisines play a pivotal role in boosting sales of mung beans. As diverse culinary traditions become more accessible and celebrated worldwide, mung beans, integral to Asian and Middle Eastern cuisines, gain prominence. Restaurants, food blogs, and social media platforms showcase mung bean-based dishes, enticing consumers to explore new flavors. Additionally, globalization facilitates the exchange of culinary knowledge, encouraging experimentation with mung beans in fusion dishes and innovative recipes. This cultural exchange fosters an appreciation for mung beans beyond traditional cuisines, expanding their market reach and driving increased sales globally.
In 2022, Uzbekistan exported 45,500 tons of mung beans valued at $35.1 million to 23 countries. Notably, China accounted for 42,000 tons of this export volume. With its burgeoning middle class constituting approximately 40% of the total population, China holds the top position in the food retail market. Moreover, the volume of staple legume exports surged in 2023, witnessing an increase of 2,400 tons compared to the corresponding period in 2022.
(Source: https://daryo.uz/en/2023/05/31/china-is-top-import-partner-of-uzbekistans-mung-bean)
Increasing consumer awareness of the health benefits of mung beans is a significant driver propelling global sales. Mung beans are renowned for their nutritional richness, offering a high protein content, dietary fiber, vitamins, and minerals. As health-conscious trends continue to gain momentum worldwide, consumers are actively seeking out nutritious and sustainable food options, making mung beans an attractive choice. Their low-fat content, cholesterol-lowering properties, and potential to aid in weight management further contribute to their appeal among individuals pursuing healthier lifestyles. Moreover, mung beans are often promoted as a source of plant-based protein for vegetarian, vegan, and flexitarian diets, catering to a growing population embracing alternative protein sources. As a result, heightened awareness of the health benefits associated with mung beans is driving increased demand and consumption across diverse demographics and geographic regions.
The growing vegetarian and vegan population is a key driver propelling the mung bean market forward. As more individuals adopt plant-based diets for ethical, environmental, and health reasons, the demand for protein-rich alternatives to meat has surged. Mung beans, with their high protein content, serve as an excellent source of plant-based protein, making them a staple in vegetarian and vegan diets. Additionally, mung beans are versatile and can be used in a variety of dishes, from soups and curries to salads and desserts, appealing to individuals seeking diverse and nutritious meal options. With the rise of flexitarianism and a broader societal shift towards reducing meat consumption, mung beans have emerged as a popular choice, driving market growth as manufacturers and retailers respond to the increasing demand for plant-based foods.
Limited awareness and familiarity pose significant challenges to the widespread recognition of mung beans in the market. Despite their nutritional benefits and culinary versatility, mung beans may remain relatively unknown to consumers in certain regions or demographics. This lack of recognition can stem from various factors, including limited marketing efforts, cultural preferences favoring other legumes, and traditional dietary habits. Additionally, the perception of mung beans as an exotic or niche ingredient may deter some consumers from incorporating them into their regular diets. Addressing this restraint requires concerted efforts from stakeholders across the supply chain, including producers, retailers, and industry organizations, to educate consumers about the health benefits, culinary uses, and sustainability aspects of mung beans. Increasing awareness through targeted marketing campaigns, cooking demonstrations, and partnerships with influencers can help overcome barriers to widespread recognition and foster greater acceptance of mung beans in the market.
The Covid-19 pandemic has had a notable negative impact on the mung bean market. Disruptions in global supply chains, logistical challenges, and restrictions on movement have impeded the production, distribution, and availability of mung beans. Additionally, economic uncertainties and reduced consumer spending have led to decreased demand for non-essential food items, including mung beans. The closure of restaurants, cafeterias, and other food service establishments further contributed to the decline in demand, particularly in the commercial segment. Moreover, fluctuations in currency exchange rates and increased transportation costs have added financial strain to producers and exporters, limiting their ability to maintain competitive pricing. Overall, the pandemic-induced disruptions have created significant challenges for the mung bean market, negatively impacting both supply and demand dynamics.
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The competitive landscape of the mung bean market is characterized by a diverse array of producers, suppliers, and distributors vying for market share. Factors such as product quality, pricing strategies, distribution networks, and innovation contribute to the dynamic nature of competition within the industry.
Top Companies Market Share in Mung Bean Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to several factors. Firstly, the region's large and diverse population, including a significant vegetarian and health-conscious demographic, drives demand. Additionally, the increasing popularity of ethnic cuisines, such as Indian and East Asian, where mung beans are a staple, contributes to sales growth. Furthermore, robust distribution networks and marketing efforts by industry players enhance accessibility and awareness of mung bean products. Finally, rising interest in sustainable and plant-based foods aligns with mung beans' nutritional profile and eco-friendly cultivation practices, further propelling sales in the region.
Asia-Pacific is the fastest-growing region due to several reasons. Firstly, the region's rich culinary heritage, particularly in countries like India, China, and Southeast Asian nations, drives substantial domestic consumption of mung beans in various traditional dishes. Moreover, the increasing adoption of vegetarian and vegan diets among health-conscious consumers further boosts demand. Additionally, the region's expanding urban population and rising disposable incomes lead to greater spending on convenience foods and healthy snacks, where mung bean-based products find a growing market. Furthermore, supportive government policies promoting sustainable agriculture and food security contribute to the overall growth of the mung bean market in Asia-Pacific.
The current report Scope analyzes Mung Bean Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global mung bean market size was estimated at USD 4351.2 Million out of which North America held the major market of around 40% of the global revenue with a market size of USD 1740.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031. In North America, the sales of mung beans are poised to increase due to the rising popularity of plant-based diets, with consumers increasingly seeking alternative protein sources. Additionally, the growing trend of home cooking and meal preparation drives demand for nutritious ingredients like mung beans. Furthermore, the convenience of packaged mung beans caters to busy lifestyles, encouraging consumers to incorporate them into their diets. In North America, the retail packaging segment is expected to grow significantly, as consumers prefer the convenience and portion control it offers.
Country Analysis
According to Cognitive Market Research, with a market value of USD 4351.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031. Europe accounted for a share of around 30% of the global market size of USD 1305.36 million. Sales of mung beans in Europe are expected to increase due to the region's growing focus on sustainability and eco-friendly food choices. Mung beans, with their ability to fix nitrogen in the soil, align with European consumers' preferences for environmentally sustainable agriculture. Additionally, the rise of vegetarianism and veganism in Europe drives demand for plant-based protein sources like mung beans. Furthermore, the cultural diversity in Europe fosters experimentation with mung beans in traditional and fusion cuisines, expanding their market reach. In Europe, the organic segment is expected to witness substantial growth, as consumers prioritize health and seek out organic certifications for their food purchases.
According to Cognitive Market Research, the global mung bean market size was estimated at USD 4351.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1000.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. In the Asia Pacific region, the sales of mung beans are set to increase due to their integral role in traditional cuisines across countries like India, China, and Southeast Asia. Additionally, the versatility of mung beans in dishes ranging from curries to desserts appeals to diverse palates in the region. Furthermore, the popularity of street food culture in Asia Pacific countries creates opportunities for mung bean-based snacks and street foods. In Asia Pacific, the sprout segment is expected to see significant growth, as mung bean sprouts are widely used in Asian cooking.
According to Cognitive Market Research, the global mung bean market size was estimated at USD 4351.2 Million out of which Latin America market of around 5% of the global revenue with a market size of USD 217.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031. Sales of mung beans in Latin America are expected to increase due to the region's rich culinary heritage and the versatility of mung beans in traditional dishes. Moreover, the rise of vegetarian and flexitarian diets in the region fuels interest in plant-based protein sources like mung beans. Furthermore, the convenience of packaged mung beans appeals to urban consumers in Latin American cities. In Latin America, the commercial segment is expected to grow substantially, as restaurants and food service industries incorporate mung beans into their menus to cater to health-conscious consumers.
According to Cognitive Market Research, the global mung bean market size was estimated at USD 4351.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 87.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. Sales of mung beans in the MEA region are set to increase due to the region's growing population and changing dietary habits. Additionally, the versatility of mung beans makes them suitable for a wide range of traditional Middle Eastern and African dishes. Furthermore, the convenience of bulk packaging caters to the needs of households and businesses in the region. In MEA, the whole segment is expected to see significant growth, as whole mung beans are widely used in traditional cooking methods across the region.
Global Mung Bean Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Mung Bean Industry growth. Mung Bean market has been segmented with the help of its Type, Application Form, and others. Mung Bean market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, conventional held the major market share over the forecast period due to their lower production costs, making them more affordable for consumers. Additionally, established supply chains and distribution networks ensure widespread availability and accessibility. Moreover, conventional mung beans often have longer shelf lives compared to organic varieties, appealing to consumers seeking extended storage options. Furthermore, familiarity among consumers and consistent quality standards contribute to sustained demand for conventional mung beans in various culinary applications.
Organic is the fastest-growing category over the forecast period, driven by increasing consumer preferences for healthier and sustainably sourced foods. Health-conscious consumers opt for organic mung beans due to their perceived higher nutritional value and absence of synthetic pesticides or fertilizers. Moreover, growing concerns about environmental sustainability and ethical farming practices lead consumers to choose organic options. Additionally, the rising popularity of organic diets and certifications boosts consumer trust and drives sales growth in the organic mung bean segment.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Mung Bean Industry. Request a Free Sample PDF!
According to Cognitive Market Research, commercial hold a prominent market share due to the high demand from restaurants, cafeterias, and food service industries. The commercial sector benefits from bulk purchasing and consistent orders, driving sales volumes. Additionally, the versatility of mung beans allows for incorporation into various commercial food products, enhancing their appeal among foodservice providers. Moreover, the convenience and cost-effectiveness of using mung beans in commercial kitchens contribute to sustained demand and market dominance.
Residential is the fastest-growing category over the forecast period as more individuals embrace home cooking and healthier eating habits. With increased awareness of the nutritional benefits of mung beans, households incorporate them into homemade meals such as soups, salads, and curries. Additionally, the versatility and ease of preparation of mung beans make them appealing to busy consumers seeking convenient yet nutritious food options. Moreover, the growing trend of plant-based diets and DIY food projects at home further fuels the demand for mung beans in the residential segment.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Mung Bean market report 2024 Edition by contacting our team.
According to Cognitive Market Research, whole hold a prominent market share due to their versatility and widespread culinary usage. Consumers prefer whole mung beans for their ability to be cooked in various dishes such as soups, stews, and salads, catering to diverse dietary preferences. Moreover, whole mung beans are valued for their longer shelf life compared to split or sprouted varieties, enhancing their appeal for storage and pantry stocking. Additionally, whole mung beans are perceived as a wholesome and natural ingredient, driving sustained demand in the market.
Sprout is the fastest-growing category over the forecast period, owing to increasing consumer interest in health and wellness trends. Mung bean sprouts are prized for their high nutritional content, including vitamins, minerals, and enzymes, making them a popular choice among health-conscious individuals. Moreover, mung bean sprouts are versatile ingredients that can be incorporated into salads, sandwiches, stir-fries, and wraps, appealing to consumers seeking fresh and nutritious meal options. Additionally, the ease of sprouting mung beans at home further drives sales growth in this segment, as consumers increasingly embrace DIY food projects and gardening.
According to Cognitive Market Research, retail packaging hold a prominent market share due to its convenience and appeal to individual consumers. Packaged mung beans offer ease of storage, portion control, and labelling for consumers seeking convenience in their shopping experience. Additionally, retail packaging enhances product visibility and branding, attracting impulse purchases and repeat customers. Moreover, retail packaging ensures product freshness and quality, meeting consumer expectations for premium offerings in supermarkets, grocery stores, and online retail platforms.
Bulk packaging is the fastest-growing category over the forecast period, driven by various factors. Firstly, bulk packaging appeals to cost-conscious consumers and businesses seeking economies of scale and reduced packaging waste. Additionally, bulk packaging caters to commercial buyers, including restaurants, food processors, and catering services, requiring larger quantities for their operations. Moreover, bulk packaging offers flexibility and customization options for buyers, enabling them to purchase mung beans in quantities tailored to their specific needs and preferences. Furthermore, the rising popularity of bulk shopping and warehouse club stores contributes to the growth of the bulk packaging segment in the mung bean market.
According to Cognitive Market Research, offline sales hold a prominent market share due to the established presence of brick-and-mortar stores, supermarkets, and specialty food shops. Consumers often prefer offline shopping for the tactile experience, immediate product availability, and personalized customer service. Moreover, offline sales channels facilitate impulse purchases and offer opportunities for product demonstrations and sampling, enhancing the overall shopping experience. Additionally, offline sales cater to diverse consumer demographics, including older adults and those with limited internet access, ensuring sustained demand in traditional retail outlets.
Online sales is the fastest-growing category over the forecast period, driven by several factors. Firstly, the convenience and accessibility of online shopping appeal to busy consumers seeking hassle-free purchasing experiences. Additionally, the proliferation of e-commerce platforms and mobile apps expands the reach of mung bean products to a wider audience, including rural and remote areas. Moreover, online sales channels offer greater product variety, competitive pricing, and customer reviews, empowering consumers to make informed purchasing decisions. Furthermore, the COVID-19 pandemic accelerates the shift towards online shopping as consumers prioritize safety and social distancing measures, driving significant growth in the online sales segment of the mung bean market.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am committed to continuous professional development, regularly engaging in workshops, seminars, and staying attuned to the latest industry trends. This commitment reflects my dedication to providing cutting-edge insights and staying ahead in the ever-evolving field of research. I led research initiatives aimed at uncovering market opportunities and enhancing competitive positioning. My responsibilities spanned the entire research lifecycle, from designing methodologies to presenting findings. Through collaborative efforts, I facilitated data-driven decision-making processes that contributed to the overall success of key projects.
Disclaimer:
Type | Organic, Conventional |
Application | Residential, Commercial |
Form | Whole, Splited, Sprout |
Packaging | Retail Packaging, Bulk Packaging |
Distribution Channel | Offline Sales, Online Sales |
List of Competitors | IIRIS, Halotherapy Solutions, VIVA SALT, HALOMED, Curentec, TouchAmerica, SALT Chamber, SOLEUM, Kangyan |
This chapter will help you gain GLOBAL Market Analysis of Mung Bean. Further deep in this chapter, you will be able to review Global Mung Bean Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Mung Bean Market Trends North America Mung Bean Technological Road Map North America Mung Bean Market Drivers North America Mung Bean Market Restraints North America Mung Bean Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Form Analysis 2019 -2031
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Chapter 13 Market Split by Packaging Analysis 2019 -2031
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Chapter 14 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Mung Bean market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Organic have a significant impact on Mung Bean market? |
What are the key factors affecting the Organic and Conventional of Mung Bean Market? |
What is the CAGR/Growth Rate of Residential during the forecast period? |
By type, which segment accounted for largest share of the global Mung Bean Market? |
Which region is expected to dominate the global Mung Bean Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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