Global Mung Beans Market to Reach 4.5 Million Tons by 2021, Driven by Health Consciousness and Rising Applications in the Food Industry

Press Release   •   Oct 14, 2016 17:17 IST

IMARC Group’s latest report, titled “Mung Beans Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides a thorough analysis of the global mung beans market. Mung beans are the seeds of a plant calledVigna radiata, which belongs to theFabaceaefamily. Like most other lentils, they are a rich source of proteins, dietary fibre, anti-oxidants, etc. Mung beans also house several vitamins including Vitamins A, B, C, D, E and K. The various minerals found in mung beans include – potassium, copper, magnesium, manganese, zinc, etc. Furthermore, the phytoestrogens present in mung beans help in the production of collagen, hyaluronic acid and elastin which are essential for young and healthy skin. As a result of their high nutrient density, mung beans help in preventing and controlling certain health ailments and lifestyle diseases such as diabetes, heart disease, cancer, celiac disease, anaemia, osteoporosis, digestion, inflammation, etc. According to the report, the global mung beans market reached a volume of nearly 3 Million Tons in 2015 exhibiting a CAGR of around 11% during 2008-2015. The market is further expected to reach a volume of more than 4.5 Million Tons by 2021, growing at a CAGR of nearly 8.5% during 2016-2021.

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Mung beans are used with or without skin, split or whole, cooked or sprouted depending on the cuisine and properties desired in the dish. Nowadays, mung beans are also increasingly being used in ready-to-eat food products such as canned soups, noodles, hummus, dips, protein powders, sandwiches and various other health foods. As a result of their high nutritional value, mung beans are seen as an important and inexpensive source of energy and essential nutrients in developing regions such as India, China, Thailand, etc. Moreover, as the living standards are improving and consumers are becoming more health conscious, the demand for mung beans is rising in these regions.

Mung beans have been cultivated in India, China and the South-east Asian region since ages. They are an important part of the various local cuisines including Indian, Chinese, Japanese, Korean, Vietnamese, Thai, Filipino, etc. On the basis of production, India currently represents the largest producer of mung beans accounting for the majority of the total global production in 2015. Other major producers of mung beans include China and Thailand.

The report provides a detailed roadmap for setting up a mung beans processing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the essential aspects of the global mung beans market. This ranges from a comprehensive view of the market to minute details of the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists and all those who have any kind of stake or are planning to foray into the mung beans industry in any manner.

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