Barley Market Set to Soar, Projected to Reach US$ 32,901.6 million by 2033

According to a recent analysis by Future Market Insights, a provider of market research and competitive intelligence, barley market sales are expected to increase by a lucrative CAGR of 2.9% over the next ten years. The barley market is estimated to reach a valuation of US$ 32,901.6 million by 2033 from US$ 24,645.7 million in 2023.

An important trend influencing the barley industry is the growing use of barley in the production of alcoholic and non-alcoholic beverages, personal care products, pharmaceuticals, food, and animal feed. Due to their wide range of uses and nutritional advantages, products derived from barley are highly sought after in both emerging and developed markets. As a result, it is assisting in the growth of the world barley market.

As barley becomes more recognised as a useful and healthy grain, the market for it is expanding steadily. Market growth is fueled by its uses in the food and beverage sector, primarily in brewing and as a healthy element in various meals. Additionally, the growing popularity of barley as a healthy food increases demand for it.

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Small-scale rivals are significantly more likely to prioritise innovation than sales. To broaden their product offerings and cater to a large consumer base, top manufacturers with worldwide footprints have boosted mergers and acquisitions with small enterprises. In the next 10 years, the growing demand for ecologically friendly, biodegradable packaging manufactured from barley straw is anticipated to fuel growth in the worldwide barley market.

-Key Takeaways from Barley Market:

-The USA accounted for 15.3% of the global barley market share in 2022.
-The United Kingdom generated a share of 4.9% in the global barley market in 2022.
-China is set to hold a share of 5.0% in the global barley market during the estimated time frame.
-Germany accounted for a share of around 3.5% in the global barley market in 2022.
-India barley market is set to generate a share of around 4.3% in the next ten years.
"In the long run, growing focus on products with high nutritional benefits and eco-friendly packaging would propel barley sales worldwide. Key players in both developed and developing countries are anticipated to innovate barley products to create new opportunities." says a lead analyst at Future Market Insights.

Competitive Landscape: Barley Market

The market for barley is highly competitive worldwide. A few main factors influencing market expansion are the introduction of new blends of barley and numerous applications of barley across various industries. Increasing awareness of products with health-promoting properties is another factor that would propel ales.

Leading companies operating in the barley market are GrainCorp Limited, Muntons Plc, Soufflet Group, Cargill, Incorporated, Boortmalt Group, Ireks GmbH, Malteurop Groupe, EverGrain, Crisp Malting Group, Maltexco S.A., Grain Millers Inc., Malt Products Corporation, Global Malt Gmbh & Co. Kg, and Briess Malt & Ingredients Co. among others.

Get More Valuable Insights into Barley Market

In its latest offering, Future Market Insights offers a thorough study of the barley market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.

Access the Complete Report Methodology Now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-1273

The study provides compelling insights into the global barley market by product type (barley flour, barley girts, barley malt, barley flakes, whole grain barley, pearl barley), application (pharmaceuticals, alcoholic beverages, food industry, non-alcoholic beverages, animal feed, personal care products), grade (malt grade, standard grade, food grade, specialty grade, pharmaceutical grade, cosmetic grade, feed grade), and region.

-Barley Market Outlook by Category

-By Application:
Alcoholic Beverages
Non-Alcoholic Beverages
Personal Care Products
Animal Feed
Food
Pharmaceuticals (Supplements)

-By Grade:
Malt Grade
Standard
Food Grade
Specialty
Pharmaceutical Grade
Cosmetic Grade
Feed Grade

-By Product Type:
Barley Flour
Pearl Barley
Barley Girts
Barley Malt
Barley Flakes
Whole Grain Barley

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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.