Barley Market is Booming and Predicted to Hit US$ 28.3 Billion by 2028

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 share, size, 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?

The global barley market size reached US$ 22.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.79% during 2023-2028.

What is Barley?

Barley is a versatile grain, notable for its rich nutty flavor and slightly chewy texture. It's one of the oldest cultivated grains, dating back to ancient civilizations in various regions. As a cereal grain, barley is a rich source of vitamins, minerals, and antioxidants. Its high fiber content, particularly beta-glucan, can aid in digestion, help lower cholesterol, and regulate blood sugar levels. Barley is used in various food applications, including soups, stews, bread, and salads. Besides food, barley is a key ingredient in beer and other alcoholic beverages, and its straw can be used as animal fodder. In short, barley is a nutritious, adaptable grain with multiple uses.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/barley-market/requestsample

What are the growth prospects and trends in the barley industry?

The increasing use of barley in various food applications, like bakery products, soups, and stews, represents one of the key factors driving the growth of the market across the globe. The food industry's interest in barley, especially in its more nutritious forms like hulled or whole grain barley is boosting the growth of the market. Barley is a primary ingredient in beer production, and the growing global beer industry is significantly fueling the growth of the market. The craft beer trend which often uses a higher proportion of barley than mass-market beers, is also contributing to this demand. Barley is widely used as feed for livestock due to its high nutritional content. The increasing demand for animal protein worldwide, coupled with the growth in the livestock sector, is driving the need for barley as animal feed which is influencing the growth of the market across the globe. Barley is rich in fiber and other nutrients and is recognized for its health benefits, such as lowering cholesterol and managing diabetes. As consumers become more health-conscious, the demand for whole grains like barley is increasing. Governments and agricultural bodies in many countries promote barley cultivation due to its economic and nutritional benefits which is further creating a positive outlook for the market across the globe.

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

𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=7318&method=1

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

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=7318&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.