According to a recent survey conducted by ChemView Consulting, the Global Barley Market grew at a CAGR of 3.9% between 2017-2021 and is estimated to be US$ 17,365.4 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 3.7% and is expected to reach a valuation of US$ 24,973.1 Mn by 2032 end.
The global barley market is driven by increasing demand from Middle Eastern countries where barley is widely used as animal feed. Rising demand for barley in countries such as Saudi Arabia, Jordan, and Kuwait is boosting the global barley market.
The most important use of barley is in the animal feed sector. Growing demand for feed across the region, especially in the United States, is supporting the market. Growing demand for products from European consumers is supporting aggregate demand and exports. Countries like Saudi Arabia import large amounts of barley just for feed.
Growing awareness of barley’s health benefits has led to increased consumption among health-conscious populations. Rich in fiber, it contains many beneficial nutrients that play an important role in improving digestion, promoting weight loss, lowering cholesterol, and supporting a healthier heart. Characterized by its mild flavor and chewy texture, it is increasingly being used in a variety of dishes. Global cultivation of barley to meet increasing demand from various end-use sectors is contributing to the expansion of the market. Moreover, improving the adaptability of barley to different climatic zones through genetic evolution will improve crop cultivation. The introduction of new high-yielding barley varieties is expected to expand the market during the forecast period. Additionally, growing environmental awareness has increased the use of barley for producing fuel ethanol. Due to the health benefits and medicinal properties of barley, increased research activities to explore the potential uses of barley in the pharmaceutical sector are expected to further drive the growth of the barley market.
Malted barley is the most common type of grain used to make beer in the brewing sector. Rising demand for barley is therefore driven by the rapidly growing beer market. A significant amount of the product is used for brewing. It is also used to make both alcoholic and non-alcoholic beverages. China and Japan import barley from major exporters of grain for beer production.
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A list of some of the key suppliers present in the market are:
- Cargill Group
- Malteurop Group
- Crisp Malting Group
- Ireks Gmbh
- Muntons Plc.
- Maltexco S.A.
- Grain Millers Inc.
- Malt Products Corporation
- Soufflet Group
- Briess Malt & Ingredients Co.
- Grain crop Limited
- Global Malt Gmbh & Co. K
- EverGrain
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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