Press release
Barley Market to See a Growth of 5.4% CAGR by 2031 | Persistence Market Research Report
The global barley market has been witnessing steady growth, driven by increasing demand for barley-based food and beverages, particularly in the brewing and distilling industries. Barley is a staple ingredient in beer production and is also widely used in animal feed, health foods, and as a functional ingredient in various products. The market's expansion is fueled by rising consumer preferences for plant-based and whole-grain products, coupled with growing awareness of barley's nutritional benefits.
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Key Growth Determinants
Several factors are contributing to the expansion of the global barley market:
Rising Beer Production - Barley remains a crucial ingredient in beer manufacturing, with global beer consumption driving demand for high-quality malting barley.
Expanding Application in Health Foods - The increasing adoption of barley in functional and organic foods, due to its high fiber content and health benefits, is supporting market growth.
Growth in Animal Feed Industry - Barley serves as an essential component in livestock feed, with demand rising in regions focusing on sustainable animal nutrition.
Government Support and Subsidies - Various government initiatives promoting barley cultivation and sustainable farming practices are further boosting market expansion.
Major Growth Barriers
Despite the strong market growth, certain challenges may restrain the expansion of the barley industry:
Climate Vulnerability - Barley production is highly dependent on weather conditions, making it susceptible to climate change-related disruptions.
Price Volatility - Fluctuations in barley prices due to supply chain disruptions, variable yields, and trade policies can impact market stability.
Competition from Alternative Grains - The rising popularity of alternative grains, such as quinoa, oats, and wheat, poses a competitive threat to barley demand.
Key Trends and Opportunities to Look At
Expansion of Craft Brewing Industry - The rapid growth of craft breweries worldwide is increasing the demand for premium malted barley.
Rising Demand for Gluten-Free Barley Products - With more consumers opting for gluten-free diets, barley varieties with lower gluten content are gaining traction.
Advancements in Barley Breeding - Research in developing high-yield and climate-resistant barley varieties is expected to enhance market sustainability.
Growth in Organic Farming - The surge in organic food consumption is encouraging farmers to cultivate organic barley, thereby creating new opportunities for market players.
Regional Frontrunners
The global barley market exhibits a strong presence across key regions:
Europe - The largest market for barley, driven by extensive beer production and high consumption of barley-based food products.
North America - Increasing adoption of barley in plant-based diets and craft beer manufacturing is fueling regional growth.
Asia-Pacific - Rising demand for barley in livestock feed, especially in China and India, is contributing to market expansion.
Latin America & Middle East & Africa - Growth in the beverage and animal feed industries is boosting barley consumption in these regions.
Key Market Players
The barley market features several prominent companies, including:
Cargill, Incorporated
Malteurop Groupe
Soufflet Group
GrainCorp Limited
Boortmalt
Bairds Malt Ltd
Viking Malt
Agrex Inc.
Crisp Malting Group
Prairie Malt Limited
Barley Market Research Segmentation
By Application
Food
Feed
Beverages
By Type
Whole grain
Non-whole grain
Flakes
Flour
Malted
By Distribution Channel
Food & Beverage Industry
Retail
Online
Hypermarkets/Supermarkets
Wholesale Stores
Others
By Region
North America
Europe
Asia Pacific
Central & South America
The Middle East and Africa
Market Size Projection
The global market for barley is anticipated to grow significantly, increasing from US$29.8 Bn in 2024 to US$43.1 Bn by the end of 2031, achieving a CAGR of 5.4% during the forecast period from 2024 to 2031. This growth is attributed to rising demand in food and beverage applications, technological advancements in crop breeding, and expanding global trade opportunities.
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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