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Global Mung Beans Market: Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Trade Data Analysis; Price Analysis; Manufacturing Process; Project Details, Requirements and Costs Involved; Loans and Financial Assistance; Project Economics; Competitive Landscape; Industry Events and Developments

Global Mung Beans Market Outlook

The global mung beans market size reached a volume of almost 32.29 million tons in 20198. The market is expected to grow at a CAGR of 4.5% between 2020 and 2025 to reach 4.2 million tons by 2025.

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.

 

Properties and Applications

Mung beans, also known as the green gram or moong, are a plant species belonging to the family of legumes. They are widely cultivated in warm regions, including East Asia, Southeast Asia, and the Indian subcontinent, for its edible usually green or yellow seeds, forage, and as the major source of bean sprouts. They are rich in protein, fibre, folate, and others, and provide several health benefits. They are used as an ingredient in both savoury and sweet dishes, particularly in the above mentioned regions. In India, they are consumed as a part of the staple diet.

Owing to their easily digestible nature, they are appropriate for the people of every age. They can be either cooked or sprouted for their consumption. As a result of their high nutritional value, they are witnessing a rise in its demand.

The report covers the major regional markets in the global mung beans market, which include are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. India, China, and Myanmar, among others.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Mung Beans Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Mung Beans Historical Market (2015-2019) 
    8.3    Global Mung Beans Market Forecast (2020-2025)
    8.4    Global Mung Beans Market by Region
        8.4.1    Market Share
            8.4.1.1    North America
            8.4.1.2    Europe
            8.4.1.3    Asia Pacific
            8.4.1.4    Latin America
            8.4.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis 

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
14    Manufacturing Process
    14.1    Detailed Process Flow
    14.2    Operations Involved
    14.3    Raw Material Requirements and Mass Balance
15    Project Details, Requirements and Costs Involved
    15.1    Land Requirements and Expenditures
    15.2    Construction Requirements and Expenditures
    15.3    Plant Machinery
    15.4    Machinery Pictures
    15.5    Raw Material Requirements and Expenditures
    15.6    Raw Material and Final Product Pictures
    15.7    Packaging Requirements and Expenditures
    15.8    Transportation Requirements and Expenditures
    15.9    Utility Requirements and Expenditures
    15.10    Manpower Requirements and Expenditures
    15.11    Other Capital Investments
16    Loans and Financial Assistance
17    Project Economics

    17.1    Capital Cost of the Project
    17.2    Techno-Economic Parameters
    17.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    17.4    Taxation and Depreciation
    17.5    Income Projections
    17.6    Expenditure Projections
    17.7    Financial Analysis
    17.8    Profit Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players’ Market Share
    18.3    Company Profiles
19    Industry Events and Developments

 

List of Figures and Tables

1.    Global Mung Beans Market: Key Industry Highlights, 2015 and 2025
2.    Global Mung Beans Historical Market: Breakup by Region (Million Tons), 2015-2019
3.    Global Mung Beans Market Forecast: Breakup by Region (Million Tons), 2020-2025
4.    North America Mung Beans Historical Market: Breakup by Country (Million Tons), 2015-2019
5.    North America Mung Beans Market Forecast: Breakup by Country (Million Tons), 2020-2025
6.    Europe Mung Beans Historical Market: Breakup by Country (Million Tons), 2015-2019
7.    Europe Mung Beans Market Forecast: Breakup by Country (Million Tons), 2020-2025
8.    Asia Pacific Mung Beans Historical Market: Breakup by Country (Million Tons), 2015-2019
9.    Asia Pacific Mung Beans Market Forecast: Breakup by Country (Million Tons), 2020-2025
10.    Latin America Mung Beans Historical Market: Breakup by Country (Million Tons), 2015-2019
11.    Latin America Mung Beans Market Forecast: Breakup by Country (Million Tons), 2020-2025
12.    Middle East and Africa Mung Beans Historical Market: Breakup by Country (Million Tons), 2015-2019
13.    Middle East and Africa Mung Beans Market Forecast: Breakup by Country (Million Tons), 2020-2025
14.    Major Importing Countries by Volume (2019)
15.    Major Exporting Countries by Volume (2019)
16.    Major Importing Countries by Value (2019)
17.    Major Exporting Countries by Value (2019)
18.    North America Historical Price Trends and Forecast 2015-2025
19.    Europe Historical Price Trends and Forecast 2015-2025
20.    Asia Pacific Historical Price Trends and Forecast 2015-2025
21.    Latin America Historical Price Trends and Forecast 2015-2025
22.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
23.    Global Mung Beans Market Structure

Key Questions Answered in the Report

In 2019, the global mung beans market attained a volume of nearly 3.2 million tons. 

The market is projected to grow at a CAGR of 4.5% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about 4.2 million tons by 2025.

The major drivers of the industry, such as the 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, are expected to aid the market growth.

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 industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Analyst Review

The global mung beans market attained a volume of 32.29 million tons in 2019, driven by rising health concern among consumers and the launch of various programmes by governments to aid the farmers and assist them with modern farming methods. Aided by the increasing product demand from the vegan populace and growing trials to develop enhanced product formulations, the market is expected to witness a further growth over the forecast period of 2020-2025 at a CAGR of 4.5% to reach a volume of 4.2 million tons by 2025. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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