Press release
Barley Market Size Worth $28,491.24 Million By 2032 | CAGR: 2.66%
What is Barley?
Barley is a versatile cereal grain that belongs to the grass family and is widely cultivated for food, livestock feed, and as a key ingredient in the production of malt for brewing. Known for its nutty flavor and chewy texture, barley is often used in soups, salads, and as a side dish. It is also rich in dietary fiber, vitamins, and minerals, making it a nutritious choice for health-conscious individuals. Barley thrives in cool climates and has been a staple crop for thousands of years due to its resilience and adaptability.
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Which Factors are Driving the Market?
Increased Demand for Food Products
The rising global barley production is fueling market growth, driven by increasing demand for food products, the growing popularity of beer and other alcoholic beverages, a higher need for animal feed, expanded use of barley in the biofuel industry, and the growing adoption of sustainable agricultural practices.
Growing Demand for Livestock
Barley is a highly nutritious and energy-rich feed ingredient, making it a crucial crop in the animal feed industry. As the demand for meat, milk, eggs, and other animal products continues to rise, so too does the need for animal feed, including barley. This growing demand for livestock feed is significantly contributing to the expansion of the barley market.
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Who are the Key Players in the Market?
Here is a list of the few key players in the global barley market:
• Briess Malt & Ingredients
• Cargill Incorporated
• Crisp Malting
• EverGrain
• Grain Millers
• GrainCorp
• IREKS
• Malt Products
• Malteurop
• Maltexco
• Muntons & The Soufflet.
Recent Developments
January 2023:
James Wilks, champion of The Ultimate Fighter, partnered with EverGrain-AB InBev's sustainable ingredient company-to launch FYTA, the first line of high-performance sports nutrition powders made from recycled barley protein. The product aims to deliver clean, sustainable nutrition for athletes.
January 2023:
EverGrain also collaborated with AI innovator PIPA to explore the nutritional potential of upcycled barley protein. This partnership leverages advanced artificial intelligence to unlock new insights into ingredient functionality and optimize health benefits from sustainable food sources.
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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.
Market Segmentation
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
Regional Analysis
• 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
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