Global Mung Beans Market Overview 2018, Demand by Regions, Share and Forecast to 2023
Added: (Fri Dec 28 2018)
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In recent years, the global mung beans market has witnessed a moderate growth. The demand for mung beans can be accredited to factors like varied applications in the food industry and escalating health-consciousness among consumers.
As per the latest report by IMARC Group, entitled “Mung Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global mung beans market reached a volume of 2.5 Million Tons in 2017. Mung beans, also known as moong, refer to the seeds of a plant called Vigna Radiata, belonging to the Fabaceae family. They are considered as a powerhouse of nutrients as mung beans are rich in proteins, iron, potassium, starch, manganese, copper, zinc, folate, and Vitamins B1, B2, B3, B5 and B6. They are also a good source of antioxidants, phytonutrients, and amino acids like leucine, isoleucine, phenylalanine valine, lysine and arginine. Mung beans are suitable for every age group as they are relatively easy to digest. Earlier, mung beans were cultivated and consumed only in the Central, Southern and Eastern regions of Asia. However, owing to their nutritional advantages, mung beans have gradually become a part of the everyday diet in Western countries as well.
Market Trends:
Mung beans find diverse applications in the manufacturing of dietary supplements and various ready-to-eat (RTE) food products like dips, hummus, noodles, sandwiches, etc. On account of growing population, inflating disposable incomes and altering food habits of the consumers, the food industry is experiencing positive growth, in turn, driving the demand for mung beans. Moreover, as mung beans help in the prevention of numerous diseases such as diabetes, osteoporosis, heart diseases and anemia, they are extensively used in daily food, particularly in developing regions. Additionally, the vegan and vegetarian consumers rely on pulses such as mung beans for their everyday intake of proteins. On account of these factors, the market is projected to reach a volume of 3.2 Million Tons by 2023, expanding at a CAGR of more than 4% during 2018-2023.
Read full report with TOC: https://www.imarcgroup.com/prefeasibility-report-mung-bean-processing-plant