Mung Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Mung Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A648
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Market Overview:

The global mung beans market size reached US$ 4,093 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 5,003 Million by 2027, exhibiting a growth rate (CAGR) of 3.52% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Mung beans are green-colored beans belonging to the legume family, which have been cultivated and consumed in several parts of the world since ancient times. They are a rich source of fibers, vitamins, proteins, minerals, antioxidants, and phytoestrogens. Their regular consumption is known to help in preventing and controlling health issues, such as diabetes, osteoporosis, heart diseases, anemia, and cancer. Besides this, they prevent obesity, promote digestion, reduce inflammation, lower blood pressure levels, and minimize the chances of developing chronic diseases. Mung beans are either cooked or sprouted and considered suitable for people of all ages as they are easy to digest. As a result, they are utilized in the preparation of soups, salads, stir-frys and fried snacks.

Mung Beans Market Trends:

At present, there is a rise in the demand for mung beans on account of the growing health consciousness among individuals and the increasing prevalence of lifestyle diseases across the globe. Moreover, the shifting preferences of individuals from animal-based to plant-based proteins due to the rising awareness among individuals about animal health and cruelty against animals is resulting in the growing adoption of veganism and vegetarianism on a global level. Apart from this, these beans are utilized in various dietary supplements and ready-to-eat (RTE) food products. Furthermore, the burgeoning e-commerce sector and the increasing sales of mung beans via online distribution channels are propelling the growth of the market. These channels offer several advantages over offline stores, such as convenience, better price points and flexible payment and return/exchange options. Moreover, there is a rise in the number of campaigns undertaken by numerous authorities highlighting the negative impact of consuming food items prepared inorganically. This is catalyzing the demand for organic mung bean variants and offering lucrative growth opportunities to market players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global mung beans market report, along with forecasts at the global and regional level from 2022-2027.

Breakup by Region:

  • India
  • China
  • Myanmar
  • Others
     

India currently enjoys the leading position in the market as mung beans have been cultivated in the country since ancient times. Moreover, they help suffice the protein requirement of the vegetarian population.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

Key Questions Answered in This Report:

  • How has the global mung beans market performed so far and how will it perform in the coming years?
  • Who are the key regional producers in the global mung beans industry?
  • What has been the impact of COVID-19 on the global mung beans industry?
  • What are the price trends of mung beans?
  • What are the various stages in the value chain of the mung beans industry?
  • What are the key driving factors and challenges in the mung beans industry?
  • What is the structure of the mung beans industry and who are the key players?
  • What is the degree of competition in the mung beans industry?
  • What are the profit margins in the mung beans industry?
  • What are the key requirements for setting up a mung beans processing plant?
  • How are mung beans processed?
  • What are the various unit operations involved in a mung beans processing plant?
  • What is the total size of land required for setting up a mung beans processing plant?
  • What are the machinery requirements for setting up a mung beans processing plant?
  • What are the raw material requirements for setting up a mung beans processing plant?
  • What are the packaging requirements for mung beans?
  • What are the transportation requirements for mung beans?
  • What are the utility requirements for setting up a mung beans processing plant?
  • What are the manpower requirements for setting up a mung beans processing plant?
  • What are the infrastructure costs for setting up a mung beans processing plant?
  • What are the capital costs for setting up a mung beans processing plant?
  • What are the operating costs for setting up a mung beans processing plant?
  • What will be the income and expenditures for a mung beans processing plant?
  • What is the time required to break-even?

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Mung Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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