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Mung Beans Market by Type (GMO, Non-GMO) by Distribution Channel (Online, Offline): Global Industry Size, Share, Statistics and Forecast 2016 - 2028

Due to the rapidly expanding world population, the mung bean market will increase dramatically. These small beans have a green color, classified as legumes. The cultivation of mung beans goes back to ancient epochs.

Mung beans are a native Indian crop. However, they eventually reached other areas of Southeast Asia and even China from India. As a result, mung beans are now cultivated in many parts of the world.  

mung-beans-market

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The Global Mung Beans market is expected to provide a cumulative growth of USD 30.25 billion between 2022 and 2028. The global Mung Beans market has shown rapid recovery from the inevitable decline in 2020 and bounced back with almost 3.5% growth in 2021. As a result, the revenue garnered by the global Mung Beans industry in 2021 stood at USD 3,787.83 million, which is likely to cross the USD 4,757.59 million mark by the end of 2028.

Interesting Facts about Mung Beans Industry

  • India is the world’s largest consumer of mung beans, with a share of over 50% in the global market
  • Mung beans production in India crossed the 1.64-kilo tons mark in 2019
  • Per hectare yield of mung beans reached 470 kilograms in 2019
  • Mung beans are available in two types such as GMO and non-GMO
  • The low consumption rate outside India is limiting the growth of the Mung Beans market

Benefits Offered by Mung Beans

The taste of mung beans is on the sweeter side. Thanks to their nutritional benefits and good taste, mung beans have a huge market. And due to the world’s increasing population, the mung bean market demand will increase.

Another key factor driving the growth of the mung bean market is that these are highly versatile crops that can be used in a wide variety of dishes and cuisines. They are typically consumed in soups and salads and are frequently stir-fried.

Since mung beans are nutrient-rich, they have several health benefits. This will be a crucial driving factor for the mung bean market. Mung beans are a good source of several minerals and vitamins. Just one cup of mung beans has a substantial 15 grams of fiber. It also provides almost a quarter of the RDI for magnesium, manganese, and vitamin B1. In addition, mung beans are a rich source of zinc, potassium, copper, iron, phosphorus, folate, fiber, and plant proteins.

Health Advantages Associated with Mung beans

Mung beans happen to be one of the most acceptable sources of plant proteins. This is because they contain various beneficial amino acids such as arginine, lysine, valine, leucine, etc. Essential amino acids need to be supplied via diet since the human body is incapable of producing them.

As a result of these properties, mung beans can serve as a cheap source of protein. Mung beans thus represent a viable and cost-effective solution for preventing protein deficiencies and fulfilling the nutritional needs of the poorest strata of society.

The health advantages of mung beans can be multiplied through sprouting. Mung beans are an efficient source of nutrients since they are low in calories and rich in nutrients.

Sprouting mung beans can increase the bioavailability of various minerals like calcium, magnesium, and zinc. Mung beans are also a good source of antioxidants. They have a high antioxidant level which is vital for preventing the harmful effects of free radicals. Hence, mung beans can be consumed to minimize free radical damage.

The numerous health benefits of mung beans and their inexpensiveness mean that this crop will continue to be a dietary staple for many. Hence, the market for mung beans is forecast to grow at a rapid rate over the coming years. GMO Seed and Non-GMO Seed are two types of mung beans.

More efficient farming methods and the production of more effective fertilizers mean that the supply of mung beans will increase due to high-yield cultivation methods. 

India held over 50% share in global mung bean consumption, while the Asia Pacific held over 75% in 2021. Europe is trailing behind all-region in mung bean consumption. However, with the increasing demand for vegan food, the demand for mung beans will increase in the region as a significant source of protein and nutrition. 

Frequently asked questions about global Mung Beans industry

Mung beans industry recorded slight impact of COVID with 3.3% growth rate in 2020

Asia Pacific is the largest regional market with highest share in the total volume of Mung Beans consumed in 2021

Strong and consistent demand India is leading growth of mung beans industry

Non-GMO segment dominated the Mung Beans market in 2021 with over 70% share

Offline segment was the largest distribution channel of Mung Beans in 2021 with over 70% share

Mung Beans Report Scope

Report Attribute Details
Market Value in 2021 USD 3,787.08 million
Market Value in 2028 USD 4,757.59 million
CAGR 3.31% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Report coverage Market Size Valuation, Share Analysis and Growth Rate by Segments such as Type and Distribution Channel, Company Share, Competitive Landscape and Trends Analysis
Segments covered

Type

GMO Seed

Non-GMO Seed

Distribution Channel

Online

Offline

Major Players Analysed Australian Mungbean Company, Arkar Oo Co., Ltd., Llc Agrochiminvest, Yesraj Agro Exports Pvt. Ltd., Geo Agrotech, Shanxi Xinfei Agriculture Development Co.ltd and Tri Diamond Trading Company
Cost of the Report Write us at [email protected]
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Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Feb 2022
Category:  Food & Beverage
Report ID:   60490
Report Format:   PDF
Pages:   135
Rating:    4.5 (21)
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