IMARC Group’s latest report, titled “Mung Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global mung beans market size reached US$ 4,221.5 Million in 2022. Mung beans are small green beans derived from the Vigna radiata plant, a member of the legume family. They are usually available in fresh, sprouted, or dried forms and have a slightly sweet taste. They contain various nutrients, including copper, zinc, folate, iron, proteins, fiber, potassium, manganese, and vitamins B1, B2, B3, B5, and B6. They also contain high levels of healthy antioxidants such as flavonoids, phenolic acids, caffeic acid, and cinnamic acid. They are a rich source of essential amino acids such as valine, lysine, leucine, phenylalanine, isoleucine, and arginine. They help reduce the risk of chronic diseases, control blood pressure, prevent obesity, regulate digestion, and combat inflammation. As a result, mung beans find extensive applications in preparing a wide variety of dishes, including salads, soups, and stir-fries, in households and the food and beverage (F&B) industry across the globe.
Global Mung Beans Market Trends:
The rising health consciousness among individuals represents the primary factor driving the market growth. Moreover, with increasing prevalence of chronic diseases, such as obesity, diabetes, and cardiovascular disorders, there have been shifting consumer preferences toward a healthy lifestyle with a nutrient-rich diet that has augmented the product demand. Apart from this, there has been a rise in the trend of veganism and vegetarianism on the global level. Consequently, the shifting inclination from animal-based to plant-based proteins is positively influencing market growth. Additionally, the surging adoption of mung beans as an essential component of various ready-to-eat (RTE) food products and numerous dietary supplements has catalyzed the market growth. Furthermore, the rapid expansion of e-commerce platforms and rising mung bean sales through online grocery stores are contributing to market growth. Other factors, including inflating consumer disposable incomes, increasing popularity of organic bean variants, changing lifestyle preferences, and rising need for dietary supplements, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 5,123.5 Million by 2028, growing at a CAGR of 3.36% during 2023-2028.
- Region-wise, the market has been segregated into India, China, Myanmar, and others. Currently, India holds the leading position in the market.
- The competitive landscape of the market has also been examined, along with detailed profiles of the key players operating in the industry.
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