IMARC Group, a leading market research company, has recently releases report titled “Barley Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The study provides a detailed analysis of the industry, including the global barley market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the barley market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 22.5 Billion |
| Market Forecast in 2028 | US$ 28.3 Billion |
| Growth rate (2023 to 2028) | CAGR of 3.79% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Barley?
Barley is a cereal grain that belongs to the grass family Poaceae and is primarily used for animal feed and to produce malt for brewing beer and whiskey. It is also used as a food grain in some cultures, particularly in soups, stews, and porridge. Barley is a rich source of protein, fiber, and several important minerals and vitamins. Barley is grown in many regions around the world and is considered an important crop for food security in many developing countries. In addition to its nutritional value, barley is also used for erosion control, as a cover crop, and as a feedstock for biofuel production.
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What are the growth prospects and trends in the barley industry?
The rising use of barley as feed for livestock, such as pigs, poultry, and cattle, represents a significant factor driving the growth of the market across the globe. In line with this, the increasing demand for barley in the pharmaceutical industry as it helps in treating digestive problems, including inflammatory bowel conditions, is contributing to the growth of the market. The market is also driven by the rising demand for beer and other alcoholic beverages as barley is extensively used in the production of these beverages. Apart from this, shifting consumer taste preferences, expanding food and beverage (F&B) industry, and favorable government policies pertaining to the agricultural industry, are creating a positive outlook for the market.
Who are the key players operating in the industry?
The report covers the major market players including:
- Briess Malt & Ingredients Co
- Cargill Incorporated
- Crisp Malting Group
- EverGrain LLC (Anheuser-Busch InBev)
- Grain Millers Inc.
- GrainCorp Limited
- IREKS GmbH
- Malt Products Corporation
- Malteurop Groupe S.A. (VIVESCIA)
- Maltexco S.A, Muntons PLC
- The Soufflet Group
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Covered
- Two-Row Barley
- Six-Row Barley
- Hulless
Breakup by Grade:
- Food Grade
- Feed Grade
- Malt Grade
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Departmental Stores
- Specialty Stores
- Online Stores
Breakup by Industry Vertical:
- Food and Beverages
- Pharmaceuticals
- Seed Industry
- Personal Care
- Animal Feed
- Nutraceuticals
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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