The global barley market is estimated to reach US$ 24,645.7 million in 2023. It is projected to be valued at US$ 32,901.6 million by 2033
The North American barley industry is an important sector within the agriculture industry of the continent. Barley is primarily used as a feed grain for livestock and as a key ingredient in the production of beer and other alcoholic beverages.
According to a recent analysis by Future Market Insights, a provider of market research and competitive intelligence, barley sales are expected to increase by a lucrative CAGR of 2.9% over the next ten years. The market is estimated to reach a valuation of US$ 32,901.6 million by 2033 from US$ 24,645.7 million in 2023.
A significant trend driving the barley industry is rising use of barley for the production of alcoholic and non-alcoholic beverages, personal care items, pharmaceuticals, food, and animal feed. In both emerging and established nations, products made from barley have a significant demand due to their numerous functionalities and nutritional advantages. It is hence fueling growth in the global barley market.
A significant number of small-scale competitors are putting high emphasis on innovation than sales. Leading manufacturers with global footprints have increased mergers and acquisitions with small businesses to diversify their product offerings and serve a wide customer base. Rising trend for biodegradable packaging, which is environmentally friendly and made from barley straw is likely to drive growth in the global barley market in the next ten years.
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Key Takeaways from Barley Market:
“In the long run, growing focus on products with high nutritional benefits and eco-friendly packaging would propel barley sales worldwide. Key players in both developed and developing countries are anticipated to innovate barley products to create new opportunities,” says a lead analyst at Future Market Insights.
Competitive Landscape: Barley Market
The market for barley is highly competitive worldwide. A few main factors influencing market expansion are introduction of new blends of barley and numerous applications of barley across various industries. Increasing awareness of products with health-promoting properties is another factor that would propels ales.
Leading companies operating in the barley market are GrainCorp Limited, Muntons Plc, Soufflet Group, Cargill, Incorporated, Boortmalt Group, Ireks GmbH, Malteurop Groupe, EverGrain, Crisp Malting Group, Maltexco S.A., Grain Millers Inc., Malt Products Corporation, Global Malt Gmbh & Co. Kg, and Briess Malt & Ingredients Co. among others.
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Get More Valuable Insights into Barley Market
In its latest offering, Future Market Insights offers a thorough study of the barley market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.
The study provides compelling insights into the global barley market by product type (barley flour, barley girts, barley malt, barley flakes, whole grain barley, pearl barley), application (pharmaceuticals, alcoholic beverages, food industry, non-alcoholic beverages, animal feed, personal care products), grade (malt grade, standard grade, food grade, specialty grade, pharmaceutical grade, cosmetic grade, feed grade), and region.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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Barley Market Outlook by Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 21, 2023
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