Mung Bean Market Report 2024 (Global Edition)

Global Mung Bean Market Report 2024 Market Size Split by Type (Organic, Conventional), by Application (Residential, Commercial), by Form (Whole, Splited, Sprout), by Packaging (Retail Packaging, Bulk ...

Mung Bean Market Report Description

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Competitive Landscape of the Mung Bean Market

The competitive landscape of the mung bean market is characterized by a diverse array of producers, suppliers, and distributors vying for market share. Factors such as product quality, pricing strategies, distribution networks, and innovation contribute to the dynamic nature of competition within the industry.

Top Companies Market Share in Mung Bean Industry: (In no particular order of Rank)

• IIRIS
• Halotherapy Solutions
• VIVA SALT
• HALOMED
• Curentec
• TouchAmerica
• SALT Chamber
• SOLEUM
• Kangyan
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional analysis of the Mung Bean market

Which Region will dominate the Mung Bean Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to several factors. Firstly, the region's large and diverse population, including a significant vegetarian and health-conscious demographic, drives demand. Additionally, the increasing popularity of ethnic cuisines, such as Indian and East Asian, where mung beans are a staple, contributes to sales growth. Furthermore, robust distribution networks and marketing efforts by industry players enhance accessibility and awareness of mung bean products. Finally, rising interest in sustainable and plant-based foods aligns with mung beans' nutritional profile and eco-friendly cultivation practices, further propelling sales in the region.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region due to several reasons. Firstly, the region's rich culinary heritage, particularly in countries like India, China, and Southeast Asian nations, drives substantial domestic consumption of mung beans in various traditional dishes. Moreover, the increasing adoption of vegetarian and vegan diets among health-conscious consumers further boosts demand. Additionally, the region's expanding urban population and rising disposable incomes lead to greater spending on convenience foods and healthy snacks, where mung bean-based products find a growing market. Furthermore, supportive government policies promoting sustainable agriculture and food security contribute to the overall growth of the mung bean market in Asia-Pacific.

The current report Scope analyzes Mung Bean Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Mung Bean Market

According to Cognitive Market Research, the global mung bean market size was estimated at USD 4351.2 Million out of which North America held the major market of around 40% of the global revenue with a market size of USD 1740.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031. In North America, the sales of mung beans are poised to increase due to the rising popularity of plant-based diets, with consumers increasingly seeking alternative protein sources. Additionally, the growing trend of home cooking and meal preparation drives demand for nutritious ingredients like mung beans. Furthermore, the convenience of packaged mung beans caters to busy lifestyles, encouraging consumers to incorporate them into their diets. In North America, the retail packaging segment is expected to grow significantly, as consumers prefer the convenience and portion control it offers.

Country Analysis

• According to Cognitive Market Research, The United States mung bean market had a market share of USD 1373.24 million in 2024 and is projected to grow at a CAGR of 1.5% during the forecast period. Sales of mung beans in the U.S. are set to increase due to the rising popularity of plant-based diets, the versatility of mung beans in various cuisines, and increased awareness of their health benefits.
• Canada mung bean market had a market share of USD 208.86 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. In Canada, the sales of mung beans are expected to rise as consumers seek out sustainable and nutritious food options, driven by the growing trend of healthy eating and plant-based diets.
• Mexico mung bean market had a market share of USD 158.38 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period.

 

Europe Mung Bean Market

According to Cognitive Market Research, with a market value of USD 4351.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031. Europe accounted for a share of around 30% of the global market size of USD 1305.36 million. Sales of mung beans in Europe are expected to increase due to the region's growing focus on sustainability and eco-friendly food choices. Mung beans, with their ability to fix nitrogen in the soil, align with European consumers' preferences for environmentally sustainable agriculture. Additionally, the rise of vegetarianism and veganism in Europe drives demand for plant-based protein sources like mung beans. Furthermore, the cultural diversity in Europe fosters experimentation with mung beans in traditional and fusion cuisines, expanding their market reach. In Europe, the organic segment is expected to witness substantial growth, as consumers prioritize health and seek out organic certifications for their food purchases.

• The United Kingdom mung bean market had a market share of USD 219.30 million in 2024 and is projected to grow at a CAGR of 2.8% during the forecast period. Sales of mung beans in the UK are poised to increase due to the growing demand for ethnic cuisines, the versatility of mung beans in vegetarian dishes, and the emphasis on sustainable food choices.
• France mung bean market had a market share of USD 120.09 million in 2024 and is projected to grow at a CAGR of 1.2% during the forecast period.
• Germany mung bean market had a market share of USD 258.46 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. In Germany, the sales of mung beans are set to increase due to the country's strong focus on health and wellness, the popularity of vegetarian and vegan lifestyles, and the versatility of mung beans in German cuisine.
• Italy mung bean market had a market share of USD 112.26 million in 2024 and is projected to grow at a CAGR of 1.4% during the forecast period.
• Russia mung bean market had a market share of USD 202.33 million in 2024 and is projected to grow at a CAGR of 1.0% during the forecast period.
• Spain mung bean market had a market share of USD 107.04 million in 2024 and is projected to grow at a CAGR of 1.1% during the forecast period.
• Luxembourg mung bean market had a market share of USD 40.47 million in 2024 and is projected to grow at a CAGR of 2.1% during the forecast period.
• Portugal mung bean market had a market share of USD 27.41 million in 2024 and is projected to grow at a CAGR of 1.8% during the forecast period.
• Greece mung bean market had a market share of USD 15.66 million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period.
• Rest of Europe mung bean market had a market share of USD 202.33 million in 2024 and is projected to grow at a CAGR of 0.7% during the forecast period.

 

Asia Pacific Mung Bean Market

According to Cognitive Market Research, the global mung bean market size was estimated at USD 4351.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1000.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. In the Asia Pacific region, the sales of mung beans are set to increase due to their integral role in traditional cuisines across countries like India, China, and Southeast Asia. Additionally, the versatility of mung beans in dishes ranging from curries to desserts appeals to diverse palates in the region. Furthermore, the popularity of street food culture in Asia Pacific countries creates opportunities for mung bean-based snacks and street foods. In Asia Pacific, the sprout segment is expected to see significant growth, as mung bean sprouts are widely used in Asian cooking.

• According to Cognitive Market Research, China mung bean market had a market share of USD 450.35 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Sales of mung beans in China are expected to rise due to their integral role in Chinese cuisine, the growing trend of healthy eating, and the increasing demand for plant-based protein sources.
• Japan mung bean market had a market share of USD 138.11 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period.
• India mung bean market had a market share of USD 120.09 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In India, the sales of mung beans are poised to increase due to their importance in Indian cuisine, the cultural significance of mung beans in religious festivals, and the growing awareness of their health benefits.
• South Korea mung bean market had a market share of USD 100.08 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period.
• Australia mung bean market had a market share of USD 52.04 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period.
• South East Asia mung bean market had a market share of USD 69.05 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period.
• Rest of Asia Pacific mung bean market had a market share of USD 71.06 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period.

 

South America Mung Bean Market

According to Cognitive Market Research, the global mung bean market size was estimated at USD 4351.2 Million out of which Latin America market of around 5% of the global revenue with a market size of USD 217.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031. Sales of mung beans in Latin America are expected to increase due to the region's rich culinary heritage and the versatility of mung beans in traditional dishes. Moreover, the rise of vegetarian and flexitarian diets in the region fuels interest in plant-based protein sources like mung beans. Furthermore, the convenience of packaged mung beans appeals to urban consumers in Latin American cities. In Latin America, the commercial segment is expected to grow substantially, as restaurants and food service industries incorporate mung beans into their menus to cater to health-conscious consumers.

• According to Cognitive Market Research, Brazil mung bean market had a market share of USD 93.12 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Sales of mung beans in Brazil are set to increase due to the country's diverse culinary landscape, the popularity of plant-based diets, and the versatility of mung beans in Brazilian cuisine.
• Argentina mung bean market had a market share of USD 36.55 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. In Argentina, the sales of mung beans are expected to rise as consumers seek out nutritious and affordable food options, driven by the country's economic growth and changing dietary habits.
• Colombia mung bean market had a market share of USD 19.36 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period.
• Peru mung bean market had a market share of USD 17.84 million in 2024 and is projected to grow at a CAGR of 3.1% during the forecast period.
• Chile mung bean market had a market share of USD 15.66 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period.
• Rest of Latin America mung bean market had a market share of USD 35.03 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period.

Middle East and Africa Mung Bean Market

According to Cognitive Market Research, the global mung bean market size was estimated at USD 4351.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 87.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. Sales of mung beans in the MEA region are set to increase due to the region's growing population and changing dietary habits. Additionally, the versatility of mung beans makes them suitable for a wide range of traditional Middle Eastern and African dishes. Furthermore, the convenience of bulk packaging caters to the needs of households and businesses in the region. In MEA, the whole segment is expected to see significant growth, as whole mung beans are widely used in traditional cooking methods across the region.

• According to Cognitive Market Research, GCC Countries mung bean market had a market share of USD 37.25 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Sales of mung beans in GCC countries are poised to increase due to the region's growing population, the emphasis on healthy eating, and the popularity of mung beans in Middle Eastern cuisine.
• Egypt mung bean market had a market share of USD 9.14 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period.
• South Africa mung bean market had a market share of USD 13.75 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In South Africa, the sales of mung beans are expected to rise due to the country's multicultural population, the versatility of mung beans in traditional dishes, and the increasing interest in healthy eating habits.
• Turkey mung bean market had a market share of USD 7.48 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period.
• Nigeria mung bean market had a market share of USD 9.14 million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period.
• Rest of MEA mung bean market had a market share of USD 10.27 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period.

 

Mung Bean Market Analysis

Mung Bean Market Type Segment Analysis

According to Cognitive Market Research, conventional held the major market share over the forecast period due to their lower production costs, making them more affordable for consumers. Additionally, established supply chains and distribution networks ensure widespread availability and accessibility. Moreover, conventional mung beans often have longer shelf lives compared to organic varieties, appealing to consumers seeking extended storage options. Furthermore, familiarity among consumers and consistent quality standards contribute to sustained demand for conventional mung beans in various culinary applications.

Organic is the fastest-growing category over the forecast period, driven by increasing consumer preferences for healthier and sustainably sourced foods. Health-conscious consumers opt for organic mung beans due to their perceived higher nutritional value and absence of synthetic pesticides or fertilizers. Moreover, growing concerns about environmental sustainability and ethical farming practices lead consumers to choose organic options. Additionally, the rising popularity of organic diets and certifications boosts consumer trust and drives sales growth in the organic mung bean segment.

• Organic
• Conventional

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Mung Bean Industry. Request a Free Sample PDF!

Mung Bean Market Application Segment Analysis

According to Cognitive Market Research, commercial hold a prominent market share due to the high demand from restaurants, cafeterias, and food service industries. The commercial sector benefits from bulk purchasing and consistent orders, driving sales volumes. Additionally, the versatility of mung beans allows for incorporation into various commercial food products, enhancing their appeal among foodservice providers. Moreover, the convenience and cost-effectiveness of using mung beans in commercial kitchens contribute to sustained demand and market dominance.

Residential is the fastest-growing category over the forecast period as more individuals embrace home cooking and healthier eating habits. With increased awareness of the nutritional benefits of mung beans, households incorporate them into homemade meals such as soups, salads, and curries. Additionally, the versatility and ease of preparation of mung beans make them appealing to busy consumers seeking convenient yet nutritious food options. Moreover, the growing trend of plant-based diets and DIY food projects at home further fuels the demand for mung beans in the residential segment.

• Residential
• Commercial

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Mung Bean Form Segment Analysis

According to Cognitive Market Research, whole hold a prominent market share due to their versatility and widespread culinary usage. Consumers prefer whole mung beans for their ability to be cooked in various dishes such as soups, stews, and salads, catering to diverse dietary preferences. Moreover, whole mung beans are valued for their longer shelf life compared to split or sprouted varieties, enhancing their appeal for storage and pantry stocking. Additionally, whole mung beans are perceived as a wholesome and natural ingredient, driving sustained demand in the market.

Sprout is the fastest-growing category over the forecast period, owing to increasing consumer interest in health and wellness trends. Mung bean sprouts are prized for their high nutritional content, including vitamins, minerals, and enzymes, making them a popular choice among health-conscious individuals. Moreover, mung bean sprouts are versatile ingredients that can be incorporated into salads, sandwiches, stir-fries, and wraps, appealing to consumers seeking fresh and nutritious meal options. Additionally, the ease of sprouting mung beans at home further drives sales growth in this segment, as consumers increasingly embrace DIY food projects and gardening.

• Whole
• Splited
• Sprout

Mung Bean Packaging Segment Analysis

According to Cognitive Market Research, retail packaging hold a prominent market share due to its convenience and appeal to individual consumers. Packaged mung beans offer ease of storage, portion control, and labelling for consumers seeking convenience in their shopping experience. Additionally, retail packaging enhances product visibility and branding, attracting impulse purchases and repeat customers. Moreover, retail packaging ensures product freshness and quality, meeting consumer expectations for premium offerings in supermarkets, grocery stores, and online retail platforms.

Bulk packaging is the fastest-growing category over the forecast period, driven by various factors. Firstly, bulk packaging appeals to cost-conscious consumers and businesses seeking economies of scale and reduced packaging waste. Additionally, bulk packaging caters to commercial buyers, including restaurants, food processors, and catering services, requiring larger quantities for their operations. Moreover, bulk packaging offers flexibility and customization options for buyers, enabling them to purchase mung beans in quantities tailored to their specific needs and preferences. Furthermore, the rising popularity of bulk shopping and warehouse club stores contributes to the growth of the bulk packaging segment in the mung bean market.

• Retail Packaging
• Bulk Packaging

Mung Bean Distribution Channel Segment Analysis

According to Cognitive Market Research, offline sales hold a prominent market share due to the established presence of brick-and-mortar stores, supermarkets, and specialty food shops. Consumers often prefer offline shopping for the tactile experience, immediate product availability, and personalized customer service. Moreover, offline sales channels facilitate impulse purchases and offer opportunities for product demonstrations and sampling, enhancing the overall shopping experience. Additionally, offline sales cater to diverse consumer demographics, including older adults and those with limited internet access, ensuring sustained demand in traditional retail outlets.

Online sales is the fastest-growing category over the forecast period, driven by several factors. Firstly, the convenience and accessibility of online shopping appeal to busy consumers seeking hassle-free purchasing experiences. Additionally, the proliferation of e-commerce platforms and mobile apps expands the reach of mung bean products to a wider audience, including rural and remote areas. Moreover, online sales channels offer greater product variety, competitive pricing, and customer reviews, empowering consumers to make informed purchasing decisions. Furthermore, the COVID-19 pandemic accelerates the shift towards online shopping as consumers prioritize safety and social distancing measures, driving significant growth in the online sales segment of the mung bean market.

• Offline Sales
• Online Sales

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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