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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

Published: | Report ID: 14280 | Report Format : PDF

Market Insight

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

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.

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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.

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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.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Mung Beans Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Mung Beans Market Value, 2016-2028, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2021
3.3.1.Type
3.3.2.Distribution Channel
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2021
4.1.Company market share of key players, 2021
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Mung Beans Market Pre Vs Post COVID 19, 2019 – 2028
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Mung Beans Market, by Country, 2016-2028(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Mung Beans Market, by End-user, 2016-2028(US$ Bn)
6.2.1.Overview
6.2.2.GMO Seed
6.2.3.Non-GMO Seed
6.3.North America Mung Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
6.3.1.Overview
6.3.2.Online
6.3.3.Offline

7.Europe
7.1.Europe Mung Beans Market, by Country, 2016-2028(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Mung Beans Market, by End-user, 2016-2028(US$ Bn)
7.2.1.Overview
7.2.2.GMO Seed
7.2.3.Non-GMO Seed
7.3.Europe Mung Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
7.3.1.Overview
7.3.2.Online
7.3.3.Offline

8.Asia Pacific
8.1.Asia Pacific Mung Beans Market, by Country, 2016-2028(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Mung Beans Market, by End-user, 2016-2028(US$ Bn)
8.2.1.Overview
8.2.2.GMO Seed
8.2.3.Non-GMO Seed
8.3.Asia Pacific Mung Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
8.3.1.Overview
8.3.2.Online
8.3.3.Offline

9.Latin America
9.1.Latin America Mung Beans Market, by Country, 2016-2028(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Mung Beans Market, by End-user, 2016-2028(US$ Bn)
9.2.1.Overview
9.2.2.GMO Seed
9.2.3.Non-GMO Seed
9.3.Latin America Mung Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
9.3.1.Overview
9.3.2.Online
9.3.3.Offline

10.Middle East
10.1.Middle East Mung Beans Market, by Country, 2016-2028(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Mung Beans Market, by End-user, 2016-2028(US$ Bn)
10.2.1.Overview
10.2.2.GMO Seed
10.2.3.Non-GMO Seed
10.3.Middle East Mung Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
10.3.1.Overview
10.3.2.Online
10.3.3.Offline

11.Africa
11.1.Africa Mung Beans Market, by Country, 2016-2028(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Mung Beans Market, by End-user, 2016-2028(US$ Bn)
11.2.1.Overview
11.2.2.GMO Seed
11.2.3.Non-GMO Seed
11.3.Africa Mung Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
11.3.1.Overview
11.3.2.Online
11.3.3.Offline

12.Global
12.1.Global Mung Beans Market, by Type, 2016-2028(US$ Bn)
12.1.1.Overview
12.1.2.GMO Seed
12.1.3.Non-GMO Seed
12.2.Global Mung Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
12.2.1.Overview
12.2.2.Online
12.2.3.Offline

13.Company Profiles
13.1.Australian Mungbean Company
13.2.Arkar Oo Co., Ltd.
13.3.Llc Agrochiminvest
13.4.Yesraj Agro Exports Pvt. Ltd.
13.5.Geo Agrotech
13.6.Shanxi Xinfei Agriculture Development Co.ltd
13.7.Tri Diamond Trading Company
Others

List of Figures

FIG. 1 Global Mung Beans Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Mung Beans Market Segmentation

FIG. 4 Global Mung Beans Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Mung Beans Market, by Distribution Channel, 2021 (US$ Bn)

FIG. 6 Global Mung Beans Market, by Geography, 2021 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2021

FIG. 8 Global Market Positioning of Key Mung Beans Market Manufacturers, 2019

FIG. 9 Global Mung Beans Market Value Contribution, By End-user, 2021 & 2028 (Value %)

FIG. 10 Global Mung Beans Market, by GMO Seed, Value, 2016-2028 (US$ Bn)

FIG. 11 Global Mung Beans Market, by Non-GMO Seed, Value, 2016-2028 (US$ Bn)

FIG. 12 Global Mung Beans Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)

FIG. 13 Global Mung Beans Market, by Online, Value, 2016-2028 (US$ Bn)

FIG. 14 Global Mung Beans Market, by Offline, Value, 2016-2028 (US$ Bn)

FIG. 15 U.S. Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 16 Rest of North America Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 17 U.K. Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 18 Germany Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 19 France Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 20 Italy Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 21 Spain Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 22 Russia Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 23 BENELUX Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 24 Poland Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 25 Austria Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 26 Rest of Europe Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 27 Japan Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 28 China Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 29 India Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 30 South Korea Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 31 Australia Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 32 Southeast Asia Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 33 Rest of Asia Pacific Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 34 Middle East & Africa Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 35 South Africa Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 36 Nigeria Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 37 Egypt Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 38 GCC Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 39 Israel Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 40 Latin America Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 41 Mechanicalzil Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 42 Argentina Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 43 Colombia Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 44 Peru Mung Beans Market, 2016-2028 (US$ Bn)

FIG. 45 Chile Mung Beans Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices   (Mung Beans) Market

TABLE 2 Global Mung Beans Market, by Type, 2016-2028 (US$ Bn)

TABLE 3 Global Mung Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)

TABLE 4 Global Mung Beans Market, by Geography, 2016-2028 (US$ Bn)

TABLE 5 North America Mung Beans Market, by Type, 2016-2028 (US$ Bn)

TABLE 6 North America Mung Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)

TABLE 7 North America Mung Beans Market, by Country, 2016-2028 (US$ Bn)

TABLE 8 Europe Mung Beans Market, by Type, 2016-2028 (US$ Bn)

TABLE 9 Europe Mung Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)

TABLE 10 Europe Mung Beans Market, by Country/Region, 2016-2028 (US$ Bn)

TABLE 11 Asia Pacific Mung Beans Market, by Type, 2016-2028 (US$ Bn)

TABLE 12 Asia Pacific Mung Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)

TABLE 13 Asia Pacific Mung Beans Market, by Country/Region, 2016-2028 (US$ Bn)

TABLE 14 Latin America Mung Beans Market, by Type, 2016-2028 (US$ Bn)

TABLE 15 Latin America Mung Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)

TABLE 16 Latin America Mung Beans Market, by Country/Region, 2016-2028 (US$ Bn)

TABLE 17 Middle East Mung Beans Market, by Type, 2016-2028 (US$ Bn)

TABLE 18 Middle East Mung Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)

TABLE 19 Middle East Mung Beans Market, by Country/Region, 2016-2028 (US$ Bn)

TABLE 20 Africa Mung Beans Market, by Type, 2016-2028 (US$ Bn)

TABLE 21 Africa Mung Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)

TABLE 22 Africa Mung Beans Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently asked questions

How COVID 19 Impacted Mung Beans Market?

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

Which is the leading regional market for Mung Beans?

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

What is the major growth driving factors for global Mung Beans market?

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

Which is major segment in Mung Beans market by End-user?

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

Which is major segment in Mung Beans market by Distribution Channel?

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

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