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The global mung beans market size reached a volume of almost 32.29 million tons in 2020. The market is expected to grow at a CAGR of 4.5% between 2021 and 2026 to reach 4.2 million tons by 2026.
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, 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.
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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Mung Beans Market Analysis
8.1 Key Industry Highlights
8.2 Global Mung Beans Historical Market (2016-2020)
8.3 Global Mung Beans Market Forecast (2021-2026)
8.4 Global Mung Beans Market by Region
8.4.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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 (2016-2020) and Forecast (2021-2026)
13.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
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, 2016 and 2026
2. Global Mung Beans Historical Market: Breakup by Region (Million Tons), 2016-2020
3. Global Mung Beans Market Forecast: Breakup by Region (Million Tons), 2021-2026
4. North America Mung Beans Historical Market: Breakup by Country (Million Tons), 2016-2020
5. North America Mung Beans Market Forecast: Breakup by Country (Million Tons), 2021-2026
6. Europe Mung Beans Historical Market: Breakup by Country (Million Tons), 2016-2020
7. Europe Mung Beans Market Forecast: Breakup by Country (Million Tons), 2021-2026
8. Asia Pacific Mung Beans Historical Market: Breakup by Country (Million Tons), 2016-2020
9. Asia Pacific Mung Beans Market Forecast: Breakup by Country (Million Tons), 2021-2026
10. Latin America Mung Beans Historical Market: Breakup by Country (Million Tons), 2016-2020
11. Latin America Mung Beans Market Forecast: Breakup by Country (Million Tons), 2021-2026
12. Middle East and Africa Mung Beans Historical Market: Breakup by Country (Million Tons), 2016-2020
13. Middle East and Africa Mung Beans Market Forecast: Breakup by Country (Million Tons), 2021-2026
14. Major Importing Countries by Volume (2020)
15. Major Exporting Countries by Volume (2020)
16. Major Importing Countries by Value (2020)
17. Major Exporting Countries by Value (2020)
18. North America Historical Price Trends and Forecast 2016-2026
19. Europe Historical Price Trends and Forecast 2016-2026
20. Asia Pacific Historical Price Trends and Forecast 2016-2026
21. Latin America Historical Price Trends and Forecast 2016-2026
22. Middle East and Africa Historical Price Trends and Forecast 2016-2026
23. Global Mung Beans Market Structure
In 2020, 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 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about 4.2 million tons by 2026.
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.
The global mung beans market attained a volume of 32.29 million tons in 2020, 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 2021-2026 at a CAGR of 4.5% to reach a volume of 4.2 million tons by 2026.
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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