The global mung beans market size reached USD 4,491.4 Million in 2024. Forecasts project a growth to USD 5,826.1 Million by 2033, with a Compound Annual Growth Rate (CAGR) of 2.79% during the 2025-2033 period. Mung beans, enriched with fibers, vitamins, minerals, proteins, and antioxidants, are increasingly popular due to their health benefits. The market is driven by rising health consciousness and a shift towards plant-based diets worldwide.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Mung Beans Market Key Takeaways
- The global mung beans market was valued at USD 4,491.4 Million in 2024.
- The market is expected to grow at a CAGR of 2.79% from 2025 to 2033.
- Market forecast anticipates USD 5,826.1 Million by 2033.
- Growing health awareness is increasing demand for mung beans due to their benefits like preventing obesity, heart diseases, and diabetes.
- A shift from animal-based proteins to plant-based proteins is fostering higher consumption globally.
- Increasing sales through e-commerce channels provide convenience and competitive pricing, further boosting market growth.
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Market Growth Factors
The global mung beans market is primarily driven by the increasing health consciousness among consumers. Mung beans are rich in fibers, vitamins, proteins, minerals, antioxidants, and phytoestrogens, which help prevent and control health conditions such as diabetes, osteoporosis, heart diseases, anemia, and cancer. Consumption of mung beans promotes digestion, reduces inflammation, lowers blood pressure, helps in weight management, and minimizes the chances of chronic diseases, making them a preferred choice for health-savvy individuals.
Additionally, consumer preference is shifting from animal-based to plant-based proteins due to rising awareness about animal welfare and cruelty. This trend has fueled the adoption of veganism and vegetarianism globally, expanding mung beans’ market demand. They are also increasingly used in dietary supplements and ready-to-eat food products, leveraging their nutritional benefits.
The surge in e-commerce and online sales of mung beans further accelerates market growth by offering consumers convenience, competitive prices, and flexible payment and return policies. Moreover, government and organizational efforts to promote organic food consumption have increased demand for organic mung bean variants, creating lucrative growth opportunities for market players.
Market Segmentation
Breakup by Region:
- India: Leads the global market due to ancient cultivation practices and the ability to meet protein requirements for vegetarians.
- China
- Myanmar
- Others
Regional Insights
India dominates the global mung beans market owing to its long history of mung bean cultivation and the need to fulfill protein requirements for its large vegetarian population. The market classification also includes China, Myanmar, and other countries, reflecting diverse demand dynamics across regions.
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
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