A legume widely cultivated for edible seeds across Asia, Mung beans are eaten fresh, dry, or sprouted is an element both for sweet and savory dishes around the world such as soups, porridge, snacks, bread, noodles, ice cream and is also turned into flour. The market is divided into three of its kind, namely Green, Red, and yellow Mung beans.
Green mung bean, also called green gram grows in hot & dry climate, are native to India, which accounts for 60% for its products worldwide. These are low in calories, fats but high in fiber, protein, and ultimately helps in weight loss regarded as one wholesome food. In the southern part of India, various dishes are made from it and are served with coconut milk and rice. The batter made from ground mung bean is used in making dosa. In East Asian cuisine, it is used to make dessert, Tangshui. In paste form, it is converted into ice-cream in Hongkong, whereas Chinese mooncake is also very popular along with its use in a filling in dumplings. Also, in many parts of Asia, these are served as a beverage. It had a total trade of $1.08 billion between 2017 and 2018 decreased by -6.41%, with an average tariff of 16.5% worldwide. But it is regarded as the most traded one among the three.
Yellow mung beans are made from whole mung beans that have gone through the process of hulling and splitting, which results in a fine easy to cook and digest legume that is a high source of fiber and protein often processed and eaten as a snack or made into daal or a thick soup.
The most common form of consuming mung beans are in a sprouted way where these are left in water for day long and are simply called as bean sprouts.
Red mung beans or Adzuki bean is also widely cultivated in Asia, which accounts for a significant share in its market. Still, it is gaining popularity around the world, mostly the North American region. Sometimes it is sweetened before eating. Its paste is added into various dishes such as Tangyuan, Zongi, baozi in Asia. It also serves as filling in Japanese sweets such as anpan, dorayaki, anmitsu, taiyaki, daifuku.In 2018 its market exceeded $140 million with traded revolving around Asian and American regions.
The global mung beans market reached a volume of 3.4 Million Tons in 2019.Its market is driven by dynamics of population growth demanding food with numerous health benefits and emerging new opportunities in the economy.