Global Barley Market Size to Reach USD 31,972.09 Million by 2031 | CAGR of 3.9%
Category : Food And Beverages | Published Date : Jun 2024 | Type : Press Release
Barley Market Definition & Overview :
Barley (Hordeum vulgare) is a widely cultivated cereal plant belonging to the grass family. It is a major cereal grain cultivated globally in temperate climates. Traditionally, it has been utilized as feed for grazing livestock and dairy animals, and it is consumed as a whole grain. It is the most used raw material grain in the brewing industry for producing beer-type beverages.
Consegic Business Intelligence analyzes that the Global Barley Market size valued at USD 22,703.51 million in 2022, is predicted to grow at a CAGR of 3.9% from 2023 to 2031, and is expected to reach USD 31,972.09 million in 2031 and 23,463.68 million in 2023.
This report consists of Barley Market Share, Size & Industry Analysis, By Product(Malted, Whole Grain, Pearl, Flakes, Flour, and Others), By Applications (Beverage Industry (Beer, Whiskey, and Wine), Food Industry (Whole Grain, Flakes, and Flour), Animal Fodder and Livestock Feed, Pharmaceuticals, and Others), By Region(North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.
This report contains detailed information on Barley Market Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per this report's analysis, the increasing demand for barley in the food and beverages industry is due to its exclusive health benefits. It is a source of macronutrients, micronutrients, and B-complex vitamins that help to improve health conditions, which increases the need and demand even in the healthcare industry.
Segmental Analysis :
The Barley Market is segmented into three major segments based on product, applications, and region.
Based on the product, the market is segregated into malted, whole grain, pearl, flakes, grits, and flour.
- The malted segment holds the highest market share in 2022. Malted barley has various applications in the food and beverage industry.
- Furthermore, the flakes segment is expected to have the highest CAGR during the forecasted period as it is a nutritious food and is preferred because of its quick cooking time.
Based on the application, the market is categorized into the beverage industry, food industry, animal fodder and livestock feed, and pharmaceuticals.
- The beverage industry segment is further segregated into beer, whiskey, and wine whereas the food industry segment is segregated into whole grains, flakes, and flour. The beverage segment holds the highest market share of 31.05% of the market, as barley is used as a raw material in the beverage industry.
- The animal fodder and livestock feed segment are expected to hold the highest CAGR over the forecast period. With the rising demand for meat and poultry, the demand for barley in animal fodder is also increasing, as it is high in lysine, and a good source of energy.
Based on the region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2022, Europe had the highest market share of 34.15% of the barley market, out of which Germany alone held the highest market share of 24.55%, due to a surge in alcohol manufacturing and animal feed.
- Moreover, the Asia Pacific region is expected to grow at a CAGR of 4.4% during the forecasted period, because of the increase in consumption of alcoholic beverages in the region.
| Report Attributes | Report Details |
| By Product | Malted, Whole Grain, Pearl, Flakes, Flour, and Others |
| By Application | Beverage Industry (Beer, Whiskey, and Wine), Food Industry (Whole Grain, Flakes, and Flour), Animal Fodder and Livestock Feed, Pharmaceuticals, and Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging trends and dynamics in partnerships.
List of prominent players in the Barley Industry :
- Barmalt
- Imperial Malts Ltd
- Malt Products Corporation
- Canada Malting Co. Limited
- Boortmalt Group
- Malteurop
- Briess Malt & Ingredients
- Soufflet Agro Rus, LLC
- Grain Millers, Inc.
- Great Western Malting
- Maltexo
- Munton's plc
- Crisp Malt
- Molson Coors Beverage Company
- BENEO
- Bright Barley
Recent Industry Developments :
- Malteurop inaugurated its new malting plant in Meoqui, Mexico with a capacity of 120,000 metric tons on October 18, 2023.
- Malting company Boortmalt and BASF Agricultural Solutions announced their partnership focusing to slash CO2 emissions and increase carbon sequestration associated with barley production in Ireland in July 2022.
