The global barley market is set to grow at 3.3% CAGR and reach US$ 28 billion in revenues by 2026. Europe is the largest market for barley, accounting for nearly 30% share of the market.
In addition to Europe, US and China are other leading markets for barley globally. Developing countries account for around 18% of the total global barley production and 25% of the total harvested land around the globe.
Future demand for barley is likely to be influenced by applications in feed and beer production. The import of barley for beer production will open new opportunities for market players.
Increasing consumption of malt-based beverages around the globe and consumers’ shifting preference towards natural and organic food products as well as growing awareness about the various health benefits of barley are some of the factors expected to boost the growth of the barley market. In addition, government regulations on food additives are currently a major concern for food manufacturers.
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As a result, food manufacturers are focusing on producing clean label products by using less or no food additives and improving the adoption of food flavours and colours derived from natural sources as an alternate to synthetic additives. Manufacturers are focusing on leveraging major potential arising from consumer segments that prefer health-and-wellness over cost of products and thus, are using malt derived from barley as an ingredient, besides others, to secure clean label approval for various products. In addition to label claims, barley malt enables bakers/food producers to remove high-fructose corn syrup from product labels.
Barley is a commonly grown food crop in almost all the parts of the world. Barley offer various benefits and its produce is not restricted to a particular type or grade and all species of barley are known for their ability to adapt to a range of climatic conditions. As a result, cultivation of barley grains is economical.
Some of the major companies operating in the barley market space are are Cargill Group, Malteurop Group, Soufflet Group, Grain crop Limited , , Global Malt Gmbh & Co. Kg, Ireks Gmbh, Crisp Malting Group ,Grain Millers Inc, EverGrain, Muntons Plc, Maltexco S.A.Malt Products Corporation and Briess Malt & Ingredients Co. The companies in Barley market are focusing on expanding their market presence by establishing new processing facilities to leverage their strength.
Key Segments Covered
- Pearl Barley
- Barley Flour
- Barley Flakes
- Barley Grits
- Barley Malt
- Whole Grain Barley
- Malt Grade
- Food Grade
- Feed Grade
- Pharmaceutical Grade
- Cosmetic Grade
- Alcoholic Beverages
- Non Alcoholic Beverages
- Food Industry
- Pharmaceuticals (Supplements)
- Animal Feed
- Personal Care Products
Key Regions/Countries Covered
- Latin America
- North America
- Western Europe
- Eastern Europe
- Asia Pacific & Japan
- Middle East & Africa
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Key Questions Answered in the Report
- What is the barley market outlook?
The barley market is set to reach US$ 28 billion in revenues by 2026, growing at 3.3% CAGR. Demand for feed and beer production will drive revenues.
- Which is the largest market for barley?
Europe is the largest market for barley, accounting for nearly 30% market share
Information Source: https://www.futuremarketinsights.com/reports/barley-market