The global Mung Beans market is experiencing substantial growth, primarily fueled by a significant consumer shift towards nutrient-rich, plant-based diets and increasing health consciousness worldwide. Valued at USD 4,491.4 Million in 2024, this dynamic market is projected to reach USD 5,826.1 Million by 2033, reflecting a healthy Compound Annual Growth Rate (CAGR) of 2.79%. The versatility of mung beans in culinary applications, coupled with their easy digestibility and integration into modern Ready-to-Eat (RTE) foods, is accelerating market expansion and creating robust opportunities for new processing ventures.
STUDY ASSUMPTION YEARS:
- BASE YEAR: 2024
- HISTORICAL YEAR: 2019-2024
- FORECAST YEAR: 2025 – 2033
MUNG BEANS MARKET KEY TAKEAWAYS:
- The market is set for positive expansion, with the value projected to climb from USD 4,491.4 Million in 2024 to USD 5,826.1 Million by 2033, exhibiting a CAGR of 2.79%.
- A major driver is the accelerating trend of veganism and vegetarianism, resulting in increased demand for versatile plant-based protein sources like mung beans.
- Rising consumer awareness regarding the health benefits of mung beans (rich in protein, fiber, and antioxidants) is continually boosting consumption across all age groups.
- The market is observing a significant boost from the rapid expansion of the e-commerce sector, which facilitates easy procurement and distribution of mung bean products globally.
- India is a dominant player in the global market, currently holding the leading position due to historical cultivation and high domestic consumption.
- Growing adoption of mung beans in the formulation of Ready-to-Eat (RTE) food products and various dietary supplements is a key commercial trend.
- Continuous innovation in farming techniques is aimed at augmenting the yield and enhancing the nutritional content of the crop, crafting a positive outlook.
MARKET GROWTH FACTORS
1 – Nutrient-Rich Superfoods Drive Consumer Preference Toward Mung Beans
The primary impetus for the market’s robust growth stems from the pervasive global trend toward health and wellness. Consumers are actively seeking out nutrient-dense superfoods to combat the rising prevalence of chronic health issues like diabetes and cardiovascular disorders. Mung beans, with their high concentration of essential amino acids, fiber, and potent antioxidants, align perfectly with this preventative health focus. This growing desire for a healthier, functional diet is driving market penetration, not just in traditional ethnic cuisines, but also in mainstream food and beverage categories. The shift ensures that demand for raw and processed mung beans remains stable and consistently increases, providing a highly favorable environment for new processing plant investments.
2 – Rising Popularity of Plant-Based Proteins Fuels Mung Bean Demand
The flourishing plant-based protein sector represents a transformative opportunity, largely driven by ethical consumption trends like veganism and vegetarianism. As consumers increasingly move away from animal-based proteins for both environmental and welfare reasons, mung beans have emerged as a superior, highly digestible, and versatile alternative. This rising inclination is not limited to meat substitutes; it also includes functional food applications, ranging from protein powders to specialized dietary supplements. This mass cultural adoption of plant-forward diets directly translates into expanding commercial opportunities across the food processing value chain, thereby justifying significant investment in dedicated mung bean processing infrastructure.
3 – Technological Advancements Driving Mung Bean Market Expansion
Technological advancements and evolving distribution platforms are significantly catalyzing market reach and efficiency. The burgeoning e-commerce sector, coupled with sophisticated online grocery platforms, has dramatically improved the accessibility of mung bean products to a global customer base. These digital channels offer consumers enhanced convenience and competitive pricing, boosting total sales volume. Furthermore, continuous agricultural innovation, including the development of organic variants and new cultivation methods, is consistently improving crop yield and quality. This synergy between improved supply chain dynamics and enhanced farming output ensures that the market is equipped to meet future global demand growth efficiently and sustainably.
Request for a sample copy of this report:Â
https://www.imarcgroup.com/prefeasibility-report-mung-bean-processing-plant/requestsample
MARKET SEGMENTATION
The market for mung beans, and subsequently the Mung Bean Processing Plant sector, is analyzed based on its operational and geographical structures.
- Breakup by Region
- India: This region holds the leading position in the global market due to its extensive traditional cultivation and high domestic consumption as a staple protein source.
- China: A major global producer and consumer, China’s market is driven by both traditional culinary usage and its role as a key player in the international supply chain.
- Myanmar: This country represents a significant portion of global mung bean production and is a crucial source for international trade and export markets.
- Others: This segment encompasses all other countries and regions that collectively contribute to the global production and consumption of mung beans.
- Breakup by End Use
- Food & Beverages: Mung beans are widely used here in preparation of snacks, soups, salads, and for making gluten-free flour, reflecting high versatility.
- Dietary Supplements: The high protein and nutrient content of the beans makes them a popular base ingredient for health-focused, functional powders and capsules.
- Animal Feed: Used as a highly nutritious and cost-effective protein-rich component in feed formulations for various livestock and poultry.
- Others: This includes diverse minor applications such as using mung beans in traditional medicine, seed production, and specialized industrial uses.
REGIONAL INSIGHTS
India currently dominates the global mung beans market, asserting its position as a clear market leader. This strong performance is rooted in the country’s deep-seated tradition of mung bean cultivation, dating back to ancient times. The legume serves as a primary source of protein for the vast vegetarian population, ensuring perpetual high domestic demand. This strong cultural and nutritional reliance, combined with established agricultural practices, creates a foundational market that drives consumption trends and scale.
RECENT DEVELOPMENTS & NEWS
The Mung Beans market is characterized by positive momentum driven by evolving consumer behavior and commercial modernization. A key trend is the burgeoning global e-commerce sector, which is rapidly accelerating the sales of mung bean products through online grocery stores and direct-to-consumer platforms. This expansion is making products more accessible and convenient for shoppers worldwide, significantly boosting market velocity. Parallel to this, there is an ongoing focus on agricultural innovations aimed at enhancing crop yield and improving the overall nutritional composition of the beans, ensuring a sustainable and high-quality supply chain for the future.
KEY PLAYERS
- AGT Food and Ingredients Inc.
- Australian Mungbean Company
- Cono Group
- ETC GROUP
- Olam Agri Holdings Pte Ltd. (Olam Group Limited)
- Royal Nut Company
Ask Analyst for Customization:Â
https://www.imarcgroup.com/request?type=report&id=4143&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: (+1-201971-6302)
