Global Mung Beans Market to Grow at a CAGR of 5.2% During 2024-2032, Aided by the Growing Vegan Population and Increasing demand for Organic and Nutritions Food Products

The global mung beans market growth is driven by the rising vegan population, growing awareness of health and wellbeing among consumers, and the growing preference for organic foods. There is increasing interest in organic and nutritious food products among consumers, aligning with a broader trend towards health and wellness. These factors collectively contribute to the upward trajectory of the market.

Fig: Balance sheet of greengram in India (in lakh tonnes)

Mungbean is utilised diversely across regions, with specific varieties tailored to different needs. Commonly consumed as dry grains worldwide, it serves as the base for dishes like dahl in South Asia and hearty stews in Kenya. Other preparations include sweetened dessert soups in China and sprouting in East and Southeast Asia. Key mungbean importers include Kenya, Mozambique, and Tanzania, while top exporters are the USA, Nepal, and the UK. With average yields relatively low, there is significant potential for improved varieties.

The market for mung beans is propelled by rising consumer awareness of its health benefits. Health-conscious consumers are integrating mung beans into their diets for their rich protein, fiber, vitamin, mineral, phytoestrogen, and antioxidant content. Research suggests mung beans may aid in preventing diabetes, heart diseases, anaemia, and cancer, driving increased adoption.

Increased awareness among farmers, especially in emerging nations like India, about modern farming methods is enhancing mung bean cultivation and yields. Government initiatives, including programs and subsidies, are anticipated to further boost the market growth by supporting farmers.

The market benefits from rising disposable incomes and a heightened consumer emphasis on health and wellness. There is a surge in consumption and integration of mung beans into various food products by people. Manufacturers are focusing on launching plant-based foods to meet the growing demand from vegans, which is expected to further drive the market growth through.

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Market Breakup by Region:

• The market is segmented based on region into Aisa Pacific, Latin America, and the Middle East and Africa, and Rest of the World.

Key Findings of the Report:

• The demand for mung beans is increasing due to rising health consciousness and rising awareness of the health benefits offered by mung beans.

• The market is expected to benefit from the global trend towards plant-based proteins, driven by growing awareness of animal welfare and cruelty and the increased adoption of vegan and vegetarian lifestyles.

• Further, the growth of the agriculrural sector and increasing adoption of modern farming methods is expected tp aid the market development.

Key Offerings of the Report:

• The EMR report gives an overview of the global mung beans market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information based on the regional analysis of mung beans.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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