According to a recent analysis by Future Market Insights, a provider of market research and competitive intelligence, barley market sales are expected to increase by a lucrative CAGR of 2.9% over the next ten years. The barley market is estimated to reach a valuation of US$ 32,901.6 million by 2033 from US$ 24,645.7 million in 2023.
The increasing use of barley in the manufacturing of alcoholic and non-alcoholic beverages, personal care goods, pharmaceuticals, food, and animal feed is an important trend driving the barley sector. Products made from barley are in high demand in both emerging and developed markets due to their multiple functions and nutritional benefits. As a result, it is supporting expansion in the global barley market.
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A considerable proportion of small-scale competitors place a higher priority on innovation than on revenue. Leading global manufacturers have increased mergers and acquisitions with small enterprises in order to broaden their product offerings and service a diverse consumer base. The rising demand for environmentally friendly biodegradable packaging manufactured from barley straw is expected to boost growth in the global barley market over the next ten years.
Key Takeaways from Barley Market:
- The USA accounted for 15.3% of the global barley market share in 2022.
- The United Kingdom generated a share of 4.9% in the global barley market in 2022.
- China is set to hold a share of 5.0% in the global barley market during the estimated time frame.
- Germany accounted for a share of around 3.5% in the global barley market in 2022.
- India barley market is set to generate a share of around 4.3% in the next ten years.
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Competitive Landscape: Barley Market
The global barley market is quite competitive. The introduction of new barley blends and the diverse applications of barley across various industries are two major factors supporting market progress. Another thing that would boost ales is increased knowledge of items with health-promoting characteristics.
Leading companies operating in the barley market are GrainCorp Limited, Muntons Plc, Soufflet Group, Cargill, Incorporated, Boortmalt Group, Ireks GmbH, Malteurop Groupe, EverGrain, Crisp Malting Group, Maltexco S.A., Grain Millers Inc., Malt Products Corporation, Global Malt Gmbh & Co. Kg, and Briess Malt & Ingredients Co. among others.
Get More Valuable Insights into Barley Market
In its latest offering, Future Market Insights offers a thorough study of the barley market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.
The study provides compelling insights into the global barley market by product type (barley flour, barley girts, barley malt, barley flakes, whole grain barley, pearl barley), application (pharmaceuticals, alcoholic beverages, food industry, non-alcoholic beverages, animal feed, personal care products), grade (malt grade, standard grade, food grade, specialty grade, pharmaceutical grade, cosmetic grade, feed grade), and region.
Barley Market Outlook by Category
By Application:
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Personal Care Products
- Animal Feed
- Food
- Pharmaceuticals (Supplements)
By Grade:
- Malt Grade
- Standard
- Food Grade
- Specialty
- Pharmaceutical Grade
- Cosmetic Grade
- Feed Grade
By Product Type:
- Barley Flour
- Pearl Barley
- Barley Girts
- Barley Malt
- Barley Flakes
- Whole Grain Barley
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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