Mung Bean Sprouting Seed Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
From 2023 to 2033, the mung bean sprouting seed market is expected to experience an even more significant surge, with various factors contributing to this upward trend. The growing demand for organic products and an increasing number of consumers adopting plant-based lifestyles are among the primary drivers of the market. As the world becomes more conscious of food sustainability, mung beans, which require minimal water and resources to grow, will continue to be seen as a sustainable and eco-friendly food source. This is likely to push demand for sprouting seeds in both domestic and commercial farming sectors, as consumers look to grow their own nutritious food at home.
The market is anticipated to witness an influx of new players and innovations over the coming years, particularly in the development of high-quality mung bean sprouting seeds. These innovations may include genetically improved seed varieties for faster and more reliable sprouting, as well as packaging designed for ease of use in both retail and home environments. Furthermore, the increasing awareness of health and wellness, including the importance of gut health and probiotics, will likely continue to make mung bean sprouts an appealing choice for many consumers.
In addition to these factors, the rise of online shopping platforms and e-commerce will make mung bean sprouting seeds more accessible to consumers globally, further boosting market growth. As home gardening becomes more popular, especially among urban dwellers with limited access to fresh produce, the demand for sprouting seeds is expected to reach new heights. Consumers will continue to seek convenient and nutritious options to enhance their diets, and mung beans will play a central role in this evolving food trend.
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The mung bean sprouting seed market from 2018 to 2022 has shown consistent growth driven by the rising demand for healthy, plant-based food options and increased consumer awareness about the nutritional benefits of sprouts. These seeds are packed with essential vitamins and minerals, making them a popular choice among health-conscious consumers. The market during this period has been fueled by demand from the food and beverage industry, especially in the form of sprouted mung beans used in salads, soups, and other dishes. Additionally, the surge in popularity of vegan and vegetarian diets has also contributed to this growth, as mung beans are considered an excellent source of plant-based protein.
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
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Mung Bean Sprouting Seed Market
Agriculture
Health food
Pharmaceutical
Cosmetic
Based on Types the Market is categorized into Below types that held the largest Mung Bean Sprouting Seed market share In 2023.
Organic
Non-GMO
Traiditional
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Mung Bean Sprouting Seed Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Mung Bean Sprouting Seed Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Mung Bean Sprouting Seed Market, By Type
6. Global Mung Bean Sprouting Seed Market, By Application
7. Global Mung Bean Sprouting Seed Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Mung Bean Sprouting Seed Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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