Barley Market

Barley Market Size, Growth, Forecast (2023-2028)

Barley Market size was worth USD xx million in 2022, and it is foreseen to reach a valuation of USD xx million, developing with an annual progression rate (CAGR) of xx% between 2023 and 2028.

Market Overview:

Barley, also known as Hordeum vulgare, is a type of cereal grain that contains vitamins, minerals, antioxidants, and is high in fiber. It is one of the oldest grains in the Wolds grown in temperate climates. Barley cultivation dates back 10,000 years in Eurasia. Barley is used in feed, natural foods and in the manufacture of beverages. Barley has proven to be one of the most beneficial alcoholic beverages. Besides that, barley is also used in the soft drink industry. Barley is a multi-purpose herbaceous cereal crop grown in temperate climates around the world. Contains large amounts of maltose or maltose. This sugar is used as a base for malt or as a sweetener in syrup. When fermented, it is also used in beer and other beverages. It is also used as animal feed and as food such as soups and stews. It is a good source of fatty oils, vitamin C, carbohydrates, and protein. Provides a variety of vitamins and minerals to help reduce the risk of cardiovascular disease. The barley drink helps maintain blood sugar levels, as it offers benefits such as a low GI, low fat and cholesterol content. Just as well, due to its high fiber and nutritional content, it is gaining popularity as an ingredient in many foods and is also used in children's snacks.

Barley Market Growth:

The demand for barley has been on the rise in recent decades. Barley demand is foreseen to increase in the feed industries.

REPORT COVERAGE:

Drivers:

Individual awareness of the health benefits of consuming whole foods is a key factor driving the growth of the global barley market.

Barley is low in cholesterol and fat. The increasing use of barley to make barley malt and soft drinks is a factor driving the growth of the target market. Also, the mounting demand for foods made with natural ingredients and the growing preference for healthy and convenient foods are also factors that support the growth of the world market. An increased awareness of the nutritional aspects of whole grain consumption is one of the key factors driving the global barley market. It also supports the growth of the barley market as demand for the inclusion of natural ingredients in snacks increases. Barley is low in fat and cholesterol, which is beneficial for malt. It is also desirable for the production of non-alcoholic beverages. Grown in temperate climates, barley is used as a health food to prepare beverages and feed. The growing consumer preference for healthy foods is leading to a demand in the barley business. The increase in the use of barley in the food and beverage industry is accelerating the growth of the world market. Barley is consumed as a whole food that is used to make barley malt and non-alcoholic beverages, and is largely included in healthy diets, contributing significantly to the growth of the market. It also stands out as a healthy snack that diversifies the availability of barley that can be consumed directly on the go. The increase in demand is due to increased consumption of alcoholic beverages that promote the production of products to stimulate growing demand from the brewery. The industry has also stemmed from various types of clean label trends, the growing demand for new applications in the prepared food, food and beverage industry, and the growing demand for natural ingredients.

Furthermore, the growth of the food and beverage industry, especially the increased adoption of barley in emerging economies, is a factor that is supposed to drive the growth of the global barley market in the near future. Malt beverages are one of the most common beverage varieties, which is why both alcoholic and non-malt beverages are gaining popularity. An increased awareness of the nutritional aspects of whole grain consumption is one of the key factors driving the global barley market. It is also supporting the growth of the barley market, as the demand for the addition of natural ingredients to snacks has exploded. It is also desirable for the production of non-alcoholic beverages. These factors are promoting the growth of the global barley market. The rising call for barley malt for the manufacture of liqueurs is having a major impact on the global barley market. This industry is also driven by increasing demand for a wide variety of convenience foods, new applications in the food and beverage industry, clean label trends, and a growing demand for natural ingredients. However, increased adoption of barley in a variety of snacks can create great income opportunities for players in target markets.

Restraints:

However, consuming barley causes allergic reactions in some people. Barley can have adverse health effects if consumed in large quantities during pregnancy. These are some of the factors that impede the growth of the global barley market.

Barley Market Segmentation Analysis:

By grade, the barley market has been segmented into food grade, malt grade, pharmaceutical grade, and cosmetic grade. Barley malt is one of the most important ingredients in beer. It is also used in various types of extracts and syrups that add sweetness and flavor to other prepared foods, and as an ingredient in bread entrees. Malt barley is also considered one of the good sources of dietary fiber, manganese, protein, and selenium. Malt barley had a dominant share of 40.5% in 2020.

On the basis of end-users, the market is segmented into Pharmaceuticals, Food & Beverage, Cosmetics, and Personal Care. The food and beverage sector is likely to have a significant share in terms of revenue during the foreseen period.

Impact of COVID-19 on the Barley Market:

The coronavirus outbreak has led to absurd disruptions in the manufacturing and processing of barley in a variety of applications. This hampered the world barley market at the stipulated time. Since sales have increased in recent years, the companies are producing more of these products. Several companies are partnering with e-commerce sites to promote sales. E-commerce sites depend on receiving bonuses from these companies, which in turn is likely to stimulate the growth of the barley market.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Europe has a significant share in terms of revenue and is foreseen to maintain its position over the forecast period, followed by North America and Asia Pacific. The high production of barley and the consumption of barley products, such as Russia, Germany, France and Ukraine in the region, are the growth factors for the target market. North America holds the lion’s share in the world market for barley because of the high consumption of beer and whiskey and high disposable income of consumers. All major players in the industry are located in the region, making it a hub for the entire barley market. Additionally, a growing economy is witnessing a high adoption rate of barley in the food and beverage industry. This factor is a plus point that contributes to the expansion of the barley market in the future. As consumers become more health conscious, they are reducing their alcohol consumption, which is negatively affecting the demand for barley malt. This hampered the overall demand for barley, pushing the market lower. There are also other negative factors in the global barley market. These include decreased soil fertility, infection by pests and diseases, and rapid changes in climate. All this affected the barley yield. The Asia Pacific market is projected to post profitable growth in terms of revenue in the near future, followed by the Middle East, Africa and Latin America. Increased barley imports and increased adoption of barley-based foods in the countries of the region are estimated to drive the growth of the barley market in the Asia Pacific.

Key Players in the Market:

Major key Players in the Global Barley Market are

• Grain Crop Limited
• Cargill Group
• Soufflé Group
• Maltrop Group
• Global Malt GmbH & Co. Kg
• Crisp Malting Group
• Muntons Plc
• Ireks Gmbh
• Grain Miller Inc
• Maltexco SA
• Malt Products Corporation
• EverGrain
• Briess Malt & Ingredients Co