Mung Bean Starch Market Research Market Size, Share, Growth, and Industry Analysis, By Type Food Grade, Industrial Grade), By Application (Food and Drinks, Medicine, Textile Industry, Feed Industry), and Regional Forecast to 2032

MUNG BEAN STARCH MARKET OVERVIEW

The global Mung Bean Starch market size was USD 4.36 billion in 2023 and is projected to touch USD 6.21 billion by 2032, exhibiting a CAGR of 2.9% during the forecast period.

The mung bean starch marketplace is experiencing regular increase, driven by means of its extensive programs in meals, pharmaceuticals, and cosmetics. Mung bean starch is valued for its outstanding gelling, thickening, and binding properties, making it a key ingredient in diverse processed foods like noodles, jellies, and cakes. The upward push in call for gluten-loose and plant-based products also fuels market growth. Additionally, its use in traditional Asian delicacies and increasing consciousness of its health advantages—including being rich in protein and fiber—boosts its worldwide marketplace appeal. Regionally, Asia-Pacific dominates the market due to excessive manufacturing and intake, in particular in China and Southeast Asian nations. The developing trend closer to natural and smooth-label components further strengthens its marketplace function.

GLOBAL CRISES IMPACTING MUNG BEAN STARCH MARKETCOVID-19 IMPACT

Mung Bean Starch Industry Had a Negative Effect Due To Decreased Investment & Disrupted Delivery Chains During COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic disrupted the mung bean starch marketplace via affecting supply chains, manufacturing, and distribution. Lockdowns and regulations led to labor shortages and logistical challenges, mainly in key generating regions like Asia-Pacific. Additionally, fluctuations in call for from the foodservice enterprise, which saw a massive decline throughout the pandemic, impacted usual market boom. However, the multiplied client attention on fitness and wellbeing, coupled with the rising call for plant-primarily based, gluten-unfastened merchandise at some stage in the pandemic, helped partially offset these challenges. The market is now getting better as economies reopen and delivery chains stabilize.

RUSSIA-UKRAINE WAR IMPACT

Mung Bean Starch Market Had a Negative Effects Because War Disrupted Delivery Chains During the Russia-Ukraine War

The Russia-Ukraine war has heightened global concerns, affecting Mung Bean Starch market share, main to disruptions in agricultural change and supply chains, that have not directly impacted the mung bean starch marketplace. Rising strength fees, inflation, and geopolitical instability have escalated production and transportation fees, in particular affecting meals industries reliant on strong supply chains. While mung bean starch manufacturing is focused on Asia, the warfare's worldwide monetary fallout has strained assets and elevated fees, lowering marketplace share in areas dealing with higher import charges. Additionally, monetary sanctions and export restrictions in addition complicate international change, developing uncertainties in market dynamics and boom potentialities.

LATEST TREND

"GROWING DEMAND OF CLEAN-LABEL AND PLANT-BASED TO DRIVE MARKET GROWTH"

The trendy fashion within the mung bean starch marketplace revolves across the growing call for clean-label and plant-based totally merchandise. Consumers are an increasing number of looking for gluten-unfastened, organic, and non-GMO substances, riding producers to incorporate mung bean starch in health-aware food merchandise. Its specific purposeful homes, including terrific water retention, gelling, and binding, make it ideal for use in processed meals like noodles, sauces, and desserts. Moreover, the upward push of vegan and vegetarian diets has boosted the marketplace for mung bean starch as a plant-based protein source. The fashion is likewise extending to cosmetics, in which mung bean starch is used in natural skin care formulations. Additionally, innovation in packaging and the improvement of sustainable, green processing methods are gaining traction. The market is anticipated to benefit from the growing popularity of Asian cuisine globally, as mung bean starch is a key aspect in conventional dishes like vermicelli noodles and cakes.

MUNG BEAN STARCH MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Food Grade, Industrial Grade.

• Food Grade: The food-grade mung bean starch section dominates the marketplace due to its great use in diverse food merchandise like noodles, desserts, and jellies. Its awesome gelling and thickening houses make it a key aspect in gluten-loose and plant-based totally ingredients, aligning with purchaser developments towards more healthy eating. Mung bean starch is also valued for its excessive protein and fiber content, attractive to fitness-aware consumers. The increasing call for conventional Asian cuisine, especially in worldwide markets, has similarly boosted this phase's growth. It is likewise used in snack meals, sauces, and bakery merchandise, enhancing texture and consistency.
• Industrial Grade: Industrial-grade mung bean starch reveals packages beyond the food zone, in particular in production, wherein it is used for its binding and adhesive homes. It is utilized in industries together with textiles, paper, and adhesives. In textiles, mung bean starch serves as a completing agent, improving cloth quality and sturdiness. Additionally, it's miles used in bioplastics and green packaging solutions, pushed by way of the growing trend towards sustainable industrial practices. As industries pay attention to greater herbal and biodegradable substances, the economic-grade mung bean starch section is gaining traction in diverse non-food packages.

BY APPLICATION

Based on Application, the global market can be categorized into Food and Drinks, Medicine, Textile Industry.

• Food and Drinks: In the food and drinks area, mung bean starch is predominantly used within the manufacturing of noodles, vermicelli, jellies, and gluten-unfastened merchandise. Its texture-improving properties make it ideal for creating clean, elastic, and chewy meals objects, famous in Asian cuisines. The demand for plant-based and allergen-loose food options has spurred the usage of mung bean starch in gluten-loose baking and snack products. It is also used as a thickening agent in sauces, soups, and liquids, enhancing consistency without altering taste. The international trend in the direction of smooth-label ingredients in addition drives its application on this section.
• Medicine: Mung bean starch has found applications inside the pharmaceutical industry due to its natural foundation and biocompatibility. It is used as an excipient, a substance that allows inside the components and stabilization of lively elements in medicines. Its binding and disintegrating residences make it a valuable component in pill formulations, improving drug transport and bioavailability. Additionally, mung bean starch's antioxidant and anti-inflammatory blessings are being explored for the ability to therapeutic applications. With the upward thrust of herbal and plant-based totally ingredients in medicine, this phase is witnessing boom, mainly in traditional and herbal medication structures.
• Textile Industry: In the fabric enterprise, mung bean starch is used as a sizing and completing agent, supporting to enhance the strength, smoothness, and durability of fabrics. It performs a vital function inside the manufacturing of fabric fibers by way of supplying safety to the yarn at some stage in the weaving method. Mung bean starch additionally contributes to improving material softness and elasticity. With growing interest in sustainable and eco-friendly textile manufacturing, its herbal beginning makes it a preferred preference over artificial alternatives. The fashion towards natural and herbal fabric merchandise is boosting the call for mung bean starch on this section.
• Feed Industry: Mung bean starch additionally reveals packages inside the feed industry, in which it's far used as a binder and thickening agent in animal feed products. Its natural and non-poisonous homes make it appropriate for enhancing the nutritional fee and consistency of feed, especially for farm animals and aquaculture. Mung bean starch improves the digestibility of feed, selling higher nutrient absorption for animals. As the demand for super, sustainable feed solutions grows, the usage of plant-primarily based starches like mung bean starch is growing. This fashion is particularly strong in areas specializing in sustainable agriculture and cattle farming practices.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Rising Demand for Gluten-Free and Plant-Based Products to Boost the Market"

A factor in the Mung Bean Starch market growth is the growing awareness of health and dietary alternatives is driving the demand for gluten-unfastened and plant-primarily based merchandise, boosting the mung bean starch marketplace. Consumers looking for healthier meal options, in particular those with gluten sensitivities, are opting for mung bean starch because of its super gelling, thickening, and protein-wealthy houses. The developing reputation of vegan and allergen-unfastened diets globally helps the expanding use of mung bean starch in processed foods, snacks, and gluten-free baked goods, supplying sizeable growth opportunities for the market.

"Growth in Traditional Asian Cuisine Consumption to Boost the Market "

Mung bean starch performs a central position in traditional Asian cuisine, specifically inside the production of vermicelli, noodles, and desserts. The rising global call for Asian food, spurred by means of increasing multiculturalism and worldwide food developments, is using the marketplace for mung bean starch. As customers explore specific cuisines, there may be a surge inside the consumption of food merchandise that depend upon mung bean starch for their function textures. This trend is further amplified by the recognition of comfort foods and prepared-to-devour food proposing Asian flavors.

RESTRAINING FACTOR

"Fluctuating Raw Material Prices to Potentially Impede Market Growth"

One of the main demanding situations restraining the mung bean starch marketplace is the fluctuation in uncooked cloth fees, pushed with the aid of seasonal variations and supply chain disruptions. Mung bean cultivation is pretty dependent on unique climatic conditions, making it prone to unpredictable weather styles. Moreover, geopolitical tensions, transportation charges, and trade barriers can similarly impact the provision and pricing of mung beans. These factors create uncertainty within the delivery chain, increasing manufacturing prices for producers, which may additionally restriction the growth of the mung bean starch marketplace.

OPPORTUNITY

"Growing Call for Natural, Plant-Primarily Based Ingredients to Create Opportunity For The Product In The Market"

The mung bean starch market gives promising possibilities through the enlargement of its packages inside the cosmetics and pharmaceutical sectors. With a growing call for natural, plant-primarily based ingredients in skincare and medicinal products, mung bean starch offers an eco-friendly opportunity. Its anti-inflammatory and antioxidant homes make it an appealing aspect in skin care formulations, even as its biocompatibility is beneficial for pharmaceutical applications, inclusive of pill binding. Additionally, the fashion towards sustainable and easy-label elements across industries provides a possibility for mung bean starch to gain wider attractiveness in similar markets, similarly boosting its market increase.

CHALLENGE

"Ensuring a Solid Deliver Chain Could Be a Potential Challenge For Consumers"

One of the important thing demanding situations facing the mung bean starch market is retaining a solid deliver chain amid fluctuating call for and environmental factors. Mung bean cultivation is frequently restrained to precise geographic areas, making it susceptible to climate-related dangers and local farming troubles. Additionally, the worldwide deliver chain is susceptible to disruptions caused by political tensions, exchange regulations, and transportation bottlenecks. Manufacturers want to diversify sourcing and broaden sustainable agricultural practices to mitigate these dangers. Addressing those challenges is vital for ensuring the lengthy-time period balance and scalability of the mung bean starch marketplace.

MUNG BEAN STARCH MARKET REGIONAL INSIGHTS

• NORTH AMERICA

United States Mung Bean Starch Market in North America is growing gradually, pushed via increasing patron call for gluten-free and plant-based merchandise. Health-conscious clients are adopting mung bean starch as an alternative in baked goods, snacks, and noodles. The rising trend toward ethnic cuisine, specifically Asian meals, has similarly boosted its utilization within the U.S. And Canada. Additionally, the region's consciousness on clean-label, herbal ingredients is enhancing the market's increase. The presence of a nicely established food processing enterprise and the growing interest in revolutionary plant-based elements additionally aid the marketplace’s enlargement throughout North America.

• EUROPE

In Europe, the mung bean starch marketplace is experiencing increase because of the rising call for for gluten-loose and allergen-loose merchandise. Consumers are an increasing number of targeted on more healthy lifestyles, seeking plant-based and non-GMO substances of their meals merchandise. The marketplace is likewise driven with the aid of the developing reputation of Asian delicacies, as mung bean starch is a key component in traditional dishes. Additionally, the enlargement of vegan and vegetarian diets across European nations has led to a surge in demand for mung bean starch in processed ingredients. The fashion closer to herbal and sustainable components is further boosting its adoption.

• ASIA

Asia dominates the global mung bean starch market because of its excessive manufacturing and consumption in nations like China, India, and Southeast Asia. Mung bean starch is a staple ingredient in conventional Asian cuisine, utilized in noodles, jellies, and desserts. The area's robust agricultural base and installed processing industries support large-scale manufacturing, making it the primary dealer of mung bean starch international. Additionally, the development call for convenient, ready-to-eat ingredients and gluten-free products has further driven marketplace boom in Asia. The upward push in plant-based totally diets and clean-label meals additionally contributes to the growing recognition of mung bean starch.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Key industry players in the mung bean starch marketplace are riding innovation and marketplace enlargement via product improvement and strategic collaborations. Companies are focusing on generating awesome, gluten-free starches to cater to the developing call for plant-based and clean-label elements. Innovations in sustainable manufacturing methods and packaging also are gaining traction. Leading players are increasing their marketplace attain by way of tapping into emerging areas and diversifying their product applications past food into cosmetics and prescribed drugs. Collaborations with meals producers and investments in R&D for novel packages are shaping the aggressive panorama, positioning those groups for destiny increase.

LIST OF TOP MUNG BEAN STARCH COMPANIES

• Organicway Inc. (Biostarch) (United States)
• Sitthinan Company Limited (Thailand)
• Shaanxi Huanong Horticulture Co., Ltd. (China)

KEY INDUSTRY DEVELOPMENT

APRIL 2024: Recent key enterprise trends inside the mung bean starch market focus on increasing programs and sustainable practices. Companies are making an investment in studies and improvement to explore new uses of mung bean starch in sectors like prescription drugs, cosmetics, and biodegradable packaging. Innovations in meals processing have additionally led to the advent of superior gluten-unfastened and plant-based products, addressing growing purchaser demand. Additionally, partnerships among producers and meals companies are fostering product improvement and market expansion. Efforts to enhance delivery chain resilience and adopt green manufacturing techniques, together with decreasing water utilization and waste, are in addition shaping enterprise boom.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis considers both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.