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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mung Beans Market Size
The global mung beans market is expected to grow at a CAGR of 4% between 2024 and 2032.
The global mung beans market is being driven by the growing vegan population, leading to increased demand from the vegan populace, coupled with the rising consumer demand for organic and nutritious food products. The rising consumer awareness regarding health and wellbeing is driving this trend.
Country-wise, India is the leading mung beans producer, accounting for approximately 60% of its total global production, followed by China and Myanmar. The cultivation of the product and consumption have been taking place in South Asia since the ancient times owing to the presence of favourable climatic conditions in the region. In the past few years, they have made their way across Europe and the United States. Thus, the steadily growing demand for plant-based food products in regions like North America and Europe is expected to provide an impetus to the industry growth in the forecast period.
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