Global Mung Bean Sprouting Seed Market by Type (Organic, Non-GMO, Traditional), By Application (Agriculture, Health food, Pharmaceutical, Cosmetic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Mung Bean Sprouting Seed Market size is expected to reach USD 1.4 Billion by 2028 and is projected to register a CAGR of 6.6% by 2028. The growth of this market can be attributed to the increasing demand for organic food products and health-conscious consumers. The trend towards eating natural and healthy food has led consumers to invest in high-quality ingredients like mung beans which are rich in proteins, vitamins, minerals, and antioxidants.

Mung beans, also known as urd or mongongo in Australia and New Zealand, are legume grown primarily for their sprouts. The most common form of cultivation is by growing the bean in a jar with water under low light conditions; they can grow to be about 20 cm long when finished. Mung beans have been used medicinally for centuries in India and China. They are high in both protein and fiber content.

On the basis of Types, the market is segmented into Organic, Non-GMO, and Traditional.

Organic Mung Bean Sprouting Seed:

Organic mung bean sprouting seed is a type of organic food that has been grown without using any pesticides, herbicides, and other synthetic chemicals. This means the product does not contain anything artificial or unnatural in terms of production.

Non- GMO Mung Bean Sprouting Seed:

Non-GMO Mung Bean Sprouting Seed is not genetically modified. It has the same nutritional value as that of traditional beans and offers a taste to suit any palate. This greatly reduces environmental impacts because it avoids the use of chemical fertilizers, herbicides, or pesticides while preserving soil quality. Non- GMO also helps reduce hunger in low-income countries by supporting sustainable farming practices like crop rotation and decreasing dependency on food imports which have been known to lead to lower yields due to climate change effects such as drought and high temperatures

Traditional Mung Bean Sprouting Seed:

Traditional Mung Bean Sprouting Seed refers to the seeds that are used for sprouting mung beans. The traditional process of using these types of seeds has been carried out with a manual labor-intensive work method, but it is expected to be replaced by mechanized processes as time goes on.

Traditional Mung bean sprouting seed needs approximately 20% more volume than modern-day varieties in order to achieve an equal output level; however, they often have a higher output and can produce up to 120kg per hour when working at optimum capacity levels.

On the basis of Application, the market is segmented into Agriculture, Health food, Pharmaceutical, and Cosmetic. The Agricultural segment is expected to dominate the market by size through 2028; it accounted for a share of more than 50% in 2017.

Agriculture:

The use of mung bean sprouting seeds is mainly for animal feed. Mung beans are also used to produce food products such as noodles, porridge, and vegetarian dishes.

Health Food:

Mung beans are a nutritious and healthy food for people of all ages. Mung Bean Sprouting Seed, when used in health foods, is generally purchased by those who want to increase their intake of essential nutrients or supplement the diet with this nutrient-rich legume. It can be consumed as whole seeds or ground into a flour that is made into bread, porridge, sauces, and other dishes.

Pharmaceutical:

Mung beans are used as a key ingredient in various pharmaceutical products. For example, the Moringa Oleifera seed extract is commonly found in many skincare and hair care products for its moisturizing properties. Mung Bean Sprouting Seed Extract can also be found in slimming aids such as appetite suppressants or weight loss pills due to their high caloric content, which helps curb hunger.

Cosmetics:

The Mung Bean Sprouting Seed is used in many cosmetic products, such as face masks and moisturizers. The sprouts have been shown to help reduce wrinkles on the skin by inhibiting collagen breakdown.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is projected to exhibit the highest CAGR during the forecast period. The market in North America is anticipated to grow at a significant pace owing to increased use of sprouting seeds for better health and improved digestive system, growing demand from the food & beverage industry due to their nutritional properties, and raising awareness about healthy lifestyles among consumers.

The Latin American region is expected to witness a positive growth rate over the forecast period as it has emerged as one of the most promising regions for high-growth opportunities across all types of organic products including the Mung Bean Sprout Seeds Market.

In Asia Pacific & Middle East & Africa (APMEA) countries are witnessing rapid urbanization which can provide opportunities for companies operating in this regional segment by increasing consumption levels through restaurants chain stores and catering.

Growth Factors For The Global Mung Bean Sprouting Seed Market:

The global mung bean sprouting seed market is witnessing steady growth, which can be attributed to the increasing demand for healthy food across the globe. The growing preference towards home-grown produce has also boosted the requirement for sprouts in day-to-day life.

Apart from this, due to their high nutritional content and ability to grow without any soil or sunlight; they are increasingly being used as a substitute for vegetables with nutritionally devoid counterparts such as tomatoes and lettuce. As these plants need less time (typically around four days) than traditional crops as rice do, farmers have been able to exponentially increase their output in order to meet an ever-increasing demand on account of climate change and globalization leading people into adopting dietary habits that suit them.

Up Market Research published a new report titled “Mung Bean Sprouting Seed Market research report which is segmented by Types (Organic, Non-GMO, Traditional), By Applications (Agriculture, Health food, Pharmaceutical, Cosmetic), By Players/Companies Jining Douyuan Agricultural Products Co., Ltd., Dezhou Great Light Green Food, Heilongjiang Laonong Empire Cereals and Oils Import and Export Trade Co., Ltd., Hejian Fuyichun Seed Sales Co., Ltd., Nanning Hongyun Grain and Oil Trading Company, Heilongjiang Heliang Agriculture Co., Ltd., NOW Foods, Kitazawa Seed Company, Nature Jim's Sprouts, Jack hua Co., Ltd”. 

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Mung Bean Sprouting Seed Market Report Segments:

The market is segmented by Type Organic, Non-GMO, Traiditional and By Application Agriculture, Health food, Pharmaceutical, Cosmetic.

Some of the companies that are profiled in this report are:

1. Jining Douyuan Agricultural Products Co., Ltd.
2. Dezhou Great Light Green Food
3. Heilongjiang Laonong Empire Cereals and Oils Import and Export Trade Co., Ltd.
4. Hejian Fuyichun Seed Sales Co., Ltd.
5. Nanning Hongyun Grain and Oil Trading Company
6. Heilongjiang Heliang Agriculture Co., Ltd.
7. NOW Foods
8. Kitazawa Seed Company
9. Nature Jim's Sprouts
10. Jack hua Co., Ltd

Mung Bean Sprouting Seed Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Mung Bean Sprouting Seed Market

Overview of the regional outlook of the Mung Bean Sprouting Seed Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Mung Bean Sprouting Seed Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Mung Bean Sprouting Seed Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Organic

                2. Non-GMO

                3. Traiditional

                1. Agriculture

                2. Health food

                3. Pharmaceutical

                4. Cosmetic

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Mung Bean Sprouting Seed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Mung Bean Sprouting Seed Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.