Barley Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Barley Market grew at a CAGR of 3.9% between 2017-2021 and is estimated to be US$ 17,365.4 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 3.7% and is expected to reach a valuation of US$ 24,973.1 Mn by 2032 end.
China, Saudi Arabia, Canada, and Turkey are the top four barley-consuming nations. Over the projection period, it is anticipated that a rise in the demand for barley as a raw material for alcoholic and non-alcoholic drinks will fuel market expansion.
The need for barley is expected to increase due to rising alcoholic beverage consumption, which encourages product creation to meet the expanding demand for breweries. This industry also benefits from the increasing demand for convenience food products, clean label trends, new food and beverage industry use, and a growing desire for natural ingredients.
RISING DEMAND FROM THE FEED SECTOR TO DRIVE THE MARKET GROWTH
The increased demand from Middle Eastern nations, where it is extensively utilized for feed reasons, is driving the global market for barley. The world barley market is being stimulated by the rising demand for barley in nations like Saudi Arabia, Jordan, and Kuwait.
The feed industry is the main application area for barley. The market is being supported by the rising need for feed in the region, particularly in the United States. European customers’ rising desire for goods boosts exports and total consumption. Large quantities of barley are imported into countries like Saudi Arabia only for feed. Barley consumption is increasing among health-conscious consumers due to growing knowledge about its health advantages.
NEW PRODUCT LAUNCHES TO DRIVE THE MARKET GROWTH
Vitamins, proteins, carbs, and fatty acids are abundant in barley. The food industry is encouraged to diversify by this high nutritious value. Barley is used in food as barley flour, barley flakes, and whole grain barley. Top marketers make these clean-label products available through various distribution methods, whether physical stores or online marketplaces. In addition, to brewing beer and creating alcoholic beverages, whole-grain barley is also utilized to develop natural sweeteners.
The main element driving the market growth is the expansion of barley, with successful results in most prospective market categories.
Market Segments Covered in Report
By Region and Country:
Which application is estimated to account for the largest market share?
The food industry is estimated to account for the largest market share.
Which grade is expected to expand the fastest during the forecast period?
The specialty grade is expected to expand the fastest during the forecast period.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for Barley in the worldwide industry, market players can anticipate attractive growth prospects in the future.
The key development in the Global Barley Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, Grade, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 3.7%.
Rising demand from the feed sector to drive the market growth of barley
Major global Barley Market players are Cargill Group, Malteurop Group, Crisp Malting Group, Ireks Gmbh, Muntons Plc., Maltexco S.A., Grain Millers Inc., Malt Products Corporation, Soufflet Group, Briess Malt & Ingredients Co., Grain crop Limited, Global Malt Gmbh & Co. Kg, EverGrain
Europe is expected to account for the largest market revenue share in the Global Barley market.
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