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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mung Beans Market Analysis
The global mung beans market is being driven by the growing consumer awareness regarding the benefits of the consumption of the product. The health-conscious consumers are increasingly incorporating mung beans into their diets as they are an excellent source of proteins, fibres, vitamins, minerals, phytoestrogens, and antioxidants. It has been found that mung beans are helpful in preventing and controlling certain health issues like diabetes, heart diseases, anaemia, and cancer, thus, leading to its increased adoption by the consumers.
Rising awareness among farmers regarding the modern farming methods and practices, particularly in the emerging nations like India, is leading to the improved cultivation and high yields of mung beans. Growing government support, aiming to aid the farmers with the launch of several programmes and subsidy policies, is expected to contribute to the industry growth significantly.
With rising disposable incomes and growing consumer focus on health and wellness, the industry is witnessing an increased growth. The incorporation of mung beans in other food products by consumers, as well as manufacturers, are providing a boost to the industry. The growing focus of manufacturers to launch plant-based food products, fulfilling the surging demand from the vegan populace, is expected to result in new trials, which will further aid the industry growth over the forecast period.
The report gives a detailed analysis of the key players in the global mung beans market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Mung Beans Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The major drivers of the market are growing awareness regarding health, rising disposable incomes and increasing population, development of advanced farming methods, growing shift towards nutritious and plant-based food products, and growing government initiatives to support the farmers.
The key trends guiding the growth of the market include the growing research activities to develop new plant-based formulations for food products and the growing demand for such beans from the vegan populace.
The major regions in the market are the Middle East and Africa, Latin America, and the Asia Pacific, and rest of the world.
Mung beans contain nutrients and antioxidants that provide health benefits such as aid digestive health and provide protection from heat stroke and are thus preferred by consumers all across the globe.
Mung beans are small seeds usually green coloured on the outside and yellow on the inside.
The major end uses of the product include household, HoReCa among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124