Press release
Barley Market Expected to Reach $28,491.24 Million by 2032 | CAGR: 2.66%
With a 2023 valuation of USD 22,491.36 million, the global barley market is predicted to expand at a CAGR of 2.66% over the forecast period. It is expected to have a value of USD 28,491.24 million by 2032.
What Is Barley?
Barley (Hordeum vulgare), a cereal grain belonging to the grass family, is a staple food for humans and animals, used in various forms like bread and soups and as a key ingredient in brewing alcoholic beverages, particularly beers. Barley is a good source of fiber, vitamins, and minerals, including magnesium, manganese, and selenium. Barley is a major cereal grain grown globally. It is a primary source of malt, used to produce a wide range of beverages. Barley's high fiber content can contribute to digestive health, potentially reducing cholesterol and blood sugar levels. Barley contains beta-glucan, a soluble fiber that may help with heart health, blood sugar control, and digestion.
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Market Growth Drivers
• The growing need for food items and the rising utilization of barley in the biofuel sector is fueling the barley market demand.
• The rising popularity of beer and various alcoholic drinks is driving the expansion of the market.
• The growing implementation of sustainable farming techniques worldwide is contributing to the growth of the market.
• With the rise in global meat product demand, there is an accompanying increase in the need for animal feed, which in turn boosts the demand for barley.
Recent Developments
• January 2023: James Wilks, Ultimate Fighter champion, and EverGrain, InBev's sustainable ingredient company, announced the launch of FYTA, the first line of high-performance sports nutrition powders made from upcycled barley protein.
• January 2023: EverGrain partnered with AI pioneer PIPA to explore the nutritional potential of upcycled barley protein, aiming to enhance its applications in sustainable nutrition
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Competitive Landscape
• Briess Malt & Ingredients
• Cargill Incorporated
• Crisp Malting
• EverGrain
• Grain Millers
• GrainCorp
• IREKS
• Malt Products
• Malteurop
• Maltexco
• Muntons & The Soufflet.
Barley Market Report Highlights
• Covered segment is anticipated to witness faster growth in the study period owing to growing demand for plant-based products.
• Malt Grade segment accounted for the higher growth rate owing to the increasing demand from the brewing and distilling industry.
• Supermarkets and Hypermarkets segment is projected to experience a significant growth rate due to the increasing availability of barley-based products.
• Food and Beverages segment is expected to witness a higher growth rate in the study period owing to growing demand for healthy and natural food products.
• Asia Pacific is expected to grow at a significant growth rate owing to the growing prevalence of diabetics and imports of barley seeds.
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Region-Wise Analysis
• Europe is expected to hold the largest revenue share, as the area hosts several of the biggest beer manufacturers globally, necessitating a significant amount of barley.
• Asia Pacific is expected to experience increased growth since the region is the most populous area worldwide, and as the population expands, the demand for food and beverages, including barley and barley-derived items, rises accordingly.
• North America
o U.S.
o Canada
o Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Netherlands
• Asia Pacific
o China
o India
o Japan
o South Korea
o Indonesia
o Malaysia
Segment-Wise Explanation
• The barley market is segmented primarily based on type, grade, industry vertical, distribution channel, and region.
• By grade, the malt grade segment held the largest market share in 2022 since it is essential for producing a range of food and drink items, such as beer, whiskey, malted milk, and malted breakfast cereals.
Barley Market, Grade Outlook (Revenue - USD Million, 2019-2032)
• Food Grade
• Feed Grade
• Malt Grade
Barley Market, Distribution Channel Outlook (Revenue - USD Million, 2019-2032)
• Supermarkets and Hypermarkets
• Departmental Stores
• Speciality Stores
• Online Stores
Barley Market, Industry Vertical Outlook (Revenue - USD Million, 2019-2032)
• Food and Beverages
• Pharmaceuticals
• Seed Industry
• Personal Care
• Animal Feed
• Nutraceuticals
Barley Market, Type Outlook (Revenue - USD Million, 2019-2032)
• Covered
• Two-Row Barley
• Six-Row Barley
• Hullness
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