IMARC Group, a leading market research company, has recently releases report titled “Barley Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global barley market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the barley market?
The global barley market size reached US$ 23.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.49% during 2024-2032.
Factors Affecting the Growth of the Barley Industry:
- Rising demand for malting barley:
One of the primary drivers of the barley market is the increasing demand for malting barley. Barley is a key ingredient in the production of malt, which is essential for brewing beer and other alcoholic beverages. The growing popularity of craft beers and specialty alcoholic drinks has led to an expansion in the brewing industry, driving up the demand for high-quality malting barley. Additionally, the global trend toward premium and artisanal beverages has further increased the need for specific barley varieties that meet the quality standards of brewers. As beer consumption continues to rise worldwide, particularly in emerging markets with expanding middle classes, aiding the market growth.
- Expansion of the animal feed industry:
Another significant driver of the barley market is the expansion of the animal feed industry. Barley is a valuable component of animal feed due to its nutritional content and digestibility, making it an essential ingredient in the diets of livestock such as cattle, pigs, and poultry. The growth of the global livestock sector, driven by increasing meat consumption and the need for efficient feed solutions, has bolstered demand for barley as a key feed grain. Moreover, the shift towards more sustainable and cost-effective feed ingredients has led to a greater emphasis on barley, which provides a balanced nutrient profile for animal growth and productivity. As the livestock industry continues to grow, driven by both population growth and dietary changes, bolstering the market demand.
- Agricultural practices and climate conditions:
Barley is well-suited to a range of climates, particularly those with cool growing seasons and adequate rainfall, making it a versatile crop for different regions. Advances in agricultural practices, including improved seed varieties, better pest and disease management, and more efficient farming techniques, have enhanced barley yields and quality. Furthermore, climate change can influence barley production by altering growing conditions and affecting crop resilience. Regions with favorable climate conditions for barley cultivation are seeing increased production, which supports market growth. Also, innovations in agronomy and the development of drought-resistant barley varieties help mitigate the effects of adverse weather conditions, ensuring a stable supply and contributing to the market expansion.
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Barley Market Report Segmentation:
Breakup by Type:
- Covered
- Two-Row Barley
- Six-Row Barley
- Hulless
Covered accounts for the majority of shares because it is preferred for its better protection against pests and environmental conditions, ensuring higher quality and yield.
Breakup by Grade:
- Food Grade
- Feed Grade
- Malt Grade
Malt grade dominates the market as they are essential for brewing and distilling, leading to higher demand in the beverage industry.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Departmental Stores
- Specialty Stores
- Online Stores
Supermarkets and hypermarkets hold the majority of shares because they offer convenient access to a wide range of barley products.
Breakup by Industry Vertical:
- Food and Beverages
- Pharmaceuticals
- Seed Industry
- Personal Care
- Animal Feed
- Nutraceuticals
- Others
Food and beverage exhibit a clear dominance due to its critical role in brewing, food production, and animal feed.
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
Europe enjoys the leading position owing to cultivation and use, with strong demand from its established brewing and agricultural sectors.
Global Barley Market Trends:
With the increasing adoption of barley-based health foods and dietary supplements, as consumers seek more nutritious and functional food options, the demand for barley in products like cereals, snacks, and health supplements has risen, contributing to market expansion. Concurrently, increasing the use of barley in sustainable agriculture practices as it has the ability to improve soil health and act as a cover crop in crop rotation systems is gaining attention among farmers seeking eco-friendly farming solutions, strengthening the market growth. Besides this, the rising popularity of barley as a key ingredient in gluten-free products with more consumers seeking gluten-free diets due to health concerns or preferences, impelling the market growth.
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
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