Barley Flour Global Market 2024-2033: Exploring Size, Share, and a Promising CAGR of 5.8% with Soufflet Group, Axereal Group

"The Business Research Company recently released a comprehensive report on the Global Barley Flour Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, the barley flour market size has grown strongly in recent years. It will grow from $1.32 billion in 2023 to $1.40 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to an increase in nutritious dietary choices, rising e-commerce, rising fiber-rich products, rising beta-glucan products, and increasing organic barley flour.

The barley flour market size is expected to see strong growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing gluten-free products, rising consumption of whole grains, increasing grocery shopping, increasing plant-based diets, and increasing demand for paleo food. Major trends in the forecast period include advancements in food processing technologies, innovative barley flour-based products, the development of gluten-free barley flour products, advanced analytical techniques, and improved milling techniques.

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Market Drivers and Trends:

The increase in convenience foods is expected to propel the growth of the barley flour market going forward. Convenience foods are pre-packaged or pre-prepared foods designed for quick and easy consumption with minimal preparation time and are typically ready-to-eat or require simple steps such as heating or mixing, catering to busy lifestyles. The growing demand for convenience foods is due to busy lifestyles, a lack of time for cooking, and the desire for quick, easy meal solutions. Barley flour is increasingly used in convenience foods due to its health benefits and ability to enhance food structure, improve the nutritional profile, and shift consumption towards healthier, more nutritious foods with added health benefits. For instance, in March 2024, the Bank of Ayudhya Public Company Limited, a Thailand-based commercial banking company, reported that the domestic market for Thai-made ready-to-eat food is expected to grow by 3.0-4.0% annually from 2024 to 2026. Additionally, in 2022, the ready-to-eat food industry had a total domestic and export sales volume of 482.4 thousand tons, with a value of USD 2.0 billion. Therefore, an increase in convenience foods is driving growth in the barley flour market.

Major companies operating in the barley flour market are concentrating on product advancements such as introducing fortified barley flour to achieve a competitive edge. Fortified barley flour is enriched with essential vitamins and minerals, improving its nutritional profile and making it a healthier alternative to traditional flour. For instance, in November 2022, Salalah Mills Co., an Oman-based food production company, introduced a new barley flour product to expand its range of healthy food options. This product boasts unique features such as enhanced fiber content and added vitamins, catering to health-conscious consumers looking for nutritious and wholesome food options. The fortified flour aims to meet the growing demand for healthier ingredients in everyday cooking and baking.

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Major Key Players of the Market:

Soufflet Group, Axereal Group, Richardson International Limited, Ireks Gmbh, Ardent Mills, Simpsons Malt, Grain Millers Inc., Bob's Red Mill, Azure Standard, Briess Malt & Ingredients Co., Maltexco S.A., King Arthur Flour, Malt Products Corp., Crisp Malting Group, Bio-Kinetics, Gristmill Company, Shipton Mill Ltd., Mirfak Pty Ltd., To Your Health Sprouted Flour, Arrowhead Mills, Heartland Mill Inc., Shiloh Farms, The Mennel Milling Company

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