According to a recent analysis by Future Market Insights, a provider of market research and competitive intelligence, barley market sales are expected to increase by a lucrative CAGR of 2.9% over the next ten years. The barley market is estimated to reach a valuation of US$ 32,901.6 million by 2033 from US$ 24,645.7 million in 2023.
The increasing use of barley in the manufacturing of alcoholic and non-alcoholic beverages, personal care goods, pharmaceuticals, food, and animal feed is an important trend driving the barley sector. Products made from barley are in high demand in both emerging and developed markets due to their multiple functions and nutritional benefits. As a result, it is supporting expansion in the global barley market.
The Barley Market is witnessing steady growth as barley gains popularity as a versatile and nutritious grain. Its applications in the food and beverage industry, particularly in brewing and as a wholesome ingredient in various dishes, drive market expansion. Moreover, the increasing adoption of barley as a health food further boosts its demand.
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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.
Key Takeaways from Barley Market:
- The USA accounted for 15.3% of the global barley market share in 2022.
- The United Kingdom generated a share of 4.9% in the global barley market in 2022.
- China is set to hold a share of 5.0% in the global barley market during the estimated time frame.
- Germany accounted for a share of around 3.5% in the global barley market in 2022.
- India barley market is set to generate a share of around 4.3% in the next ten years.
“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 the 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 propel 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.
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.
Barley Market Outlook by Category
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Personal Care Products
- Animal Feed
- Pharmaceuticals (Supplements)
- Malt Grade
- Food Grade
- Pharmaceutical Grade
- Cosmetic Grade
- Feed Grade
By Product Type:
- Barley Flour
- Pearl Barley
- Barley Girts
- Barley Malt
- Barley Flakes
- Whole Grain Barley