Malted Barley Market 2024 Industry Insights, Business Growth, Trends And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Malted Barley Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The malted barley market size has grown steadily in recent years. It will grow from $3.73 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to brewing industry growth, craft beer movement, globalization of beer consumption, whiskey and distilling industry, food industry applications.

The malted barley market size is expected to see steady growth in the next few years. It will grow to $4.54 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to rising popularity of specialty malt, global expansion of craft distilleries, climate-resilient barley varieties, health and wellness trends, innovation in brewing and distilling techniques. Major trends in the forecast period include digitalization in supply chain management, craft beer boom, sustainable farming practices, flavor innovation, traceability and transparency.

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Market Segmentation:
The malted barley market covered in this report is segmented -
1) By Type: Basic Malt, Special Mal
2) By Form: Flakes, Pellets, Granular, Powder, Liquid
3) By Application: Brewing Industry, Food Industry, Pharmaceutical, Other Applications

Major Driver - Global Beer Consumption Boosts Malted Barley Market Expansion
The growing demand for beer is expected to propel the growth of the malted barley market going forward. Beer is an alcoholic beverage that is produced through the fermentation of grains, typically malted barley, water, yeast, and hops. Malted barley is a key ingredient in beer production as it supplies the necessary enzymes for the breakdown of the complex carbohydrates in the grain and their conversion to simple sugars, which can then be further fermented by the yeast. For instance, in July 2022, according to the Alcohol and Tobacco Tax and Trade Bureau, a US-based department of the Treasury that regulates and collects taxes on alcohol, around 4.19 million barrels of beer were shipped around the globe in 2021, an increase of 8% compared to 3.88 million barrels in 2020. In addition, the United States produced 81% of the total beer consumed domestically, while 19% was imported from over 100 countries across the globe in 2021. Therefore, the growing demand for beer is driving the growth of the malted barley market going forward.

Competitive Landscape:
Major companies operating in the malted barley market report are Cargill Inc., COFCO International Ltd., Heineken N.V., AB InBev, Avangard-Agro, Groupe Soufflet, Dohler GmbH, IREKS GmbH, GrainCorp Malt, Malteurop Group, Simpsons Malt Ltd., Boortmalt Group, Viking Malt, Bairds Malt, Briess Malt & Ingredients Co, Rahr Corporation, United Canadian Malt Ltd., Barmalt Malting Private Limited, Muntons Malt plc, Great Western Malting Co, Castle Malting S.A., Malting Company of Ireland, Malt Products Corporation, Crisp Malting Group Ltd., Bestmalz AG, Imperial Malt Ltd., Weyermann Malz, Maltexo, Gladfield Malt, Thomas Fawcett & Sons Ltd., The Swaen Malts, Mouterij Dingemans, Axereal, MaltEurop China, Malt Handling LLC, Shanxi Huaxiang Group Co Ltd., Montana Specialty Mills LLC

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Top Trend - Voyager Craft Malt And Cryer Malt's Strategic Partnership In The Malted Barley Market
Major companies operating in the malted barley market are adopting a strategic partnerships approach to drive significant development. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in August 2023, Voyager Craft Malt, an Australia-based company that produces small batches of artisanal malts, partnered with Cryer Malt, another Australia-based company that supplies ingredients for the Australian and New Zealand craft and premium brewing sectors. With this partnership, they aim to launch Dexter Malt, characterized by its use of certified sustainable Australian barley, showcasing a commitment to sustainability and reflecting the growing market trend towards eco-friendly malted barley products. This collaboration between two leading maltsters not only introduces innovation but also emphasizes the importance of certified sustainable barley, contributing to improved quality and efficiency in malted barley products and meeting the rising consumer demand for sustainable options in the malted barley market.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Malted Barley Market Characteristics
3. Malted Barley Market Trends And Strategies
4. Malted Barley Market - Macro Economic Scenario
5. Malted Barley Market Size And Growth
…..
27. Malted Barley Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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