Global Barley Market growing at a CAGR of 3.9% from 2023 to 2031
Category : Food And Beverages | Published Date : Dec 2023
Key Market Overview
Consegic Business Intelligence analyzes that the barley market is predicted to grow at a compound annual growth rate 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 which was valued at USD 22,703.51 million in 2022.
The report highlights the increasing demand for barley in the food and beverage industry across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the barley market.
Global Barley Market By Overview
The barley market is bifurcated into the product type and application. Based on the product type, the market is segmented into malted barley, whole grain barley, pearl barley, barley flakes, barley flour, and others. In 2022, the malted barley segment dominates the overall barley market. Based on application, the market is segmented into beverage industry, food industry, animal fodder and livestock feed, pharmaceuticals, and others. The beverage industry segment is further bifurcated into beer, whiskey and wine. The food industry segment is further bifurcated into whole grain, flakes and flour. In 2022, the beverage industry segment dominates the overall barley market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for barley in the food and beverage industry
- Rising awareness about the health benefits of barley.
Restraints:
- Increasing pest and disease infestation is lowering the production of barley.
Market Segmentation:
| Report Attributes | Report Details |
| By Product | Malted barley, Whole grain barley, Pearl barley, Barley flakes, Barley 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, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Barmalt, Imperial Malts Ltd, Malt Products Corporation, and Canada Malting Co. Limited, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the barley market is expected to witness substantial growth in the coming years due to growing focus on the development of new barley-based products in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- 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