The global barley market is estimated to reach USD 24,645.7 million in 2023. It is projected to be valued at USD 32,901.6 million by 2033. The market is anticipated to showcase growth at a CAGR of 2.9% from 2023 to 2033.
Over the past few years, barley has remarkably proven to be one of the most beneficial ingredients in several food products such as alcoholic & non-alcoholic beverages. Food, personal care products, pharmaceuticals, and animal feed are a few of other industries where barley is extensively used.
Hence, demand for food products containing barley is gaining traction. The global barley industry is segmented by type into barely flakes, barley flour, barley malt, pearl barley, whole grain barley, and barley grits. The malt segment is anticipated to surge at a significant CAGR of 2.9% from 2023 to 2033.
Global barley flake demand is anticipated to be valued at USD 7.8 billion in 2023. It is projected to expand at a CAGR of 5.87% and be valued at USD 13.7 billion from 2023 to 2033. Due to their high nutritional content, nutty flavor, and versatility in cooking, barley flakes have the potential to see an increasing demand in the food business.
When compared to other grains, barley flakes are rich in fiber, proteins, and other vital elements including copper, manganese, potassium, and selenium. Barley flakes may be a good meal choice for those with diabetes because they have a low glycemic index.
Increasing use of barley to make various types of medicines would propel sales in the market. Barley is extensively used for reducing blood pressure, cholesterol, and blood sugar.
It is hence expected to find numerous applications in the pharmaceutical sector. Barley is further estimated to be used for treating several digestive problems such as inflammatory bowel condition, diarrhea, and stomach pain.
| Attributes | Key Insights |
|---|---|
| Barley Market Estimated Size (2023E) | USD 24,645.7 million |
| Projected Market Valuation (2033F) | USD 32,901.6 million |
| Value-based CAGR (2023 to 2033) | 2.9% |
| Forecast Period | 2023 to 2033 |
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Future of the barley market seems to be bright with rising popularity of fiber-rich and beta-glucan products. Both these products would help to lower blood sugar and cholesterol levels. Various new companies have emerged in this market, providing numerous unique products made from barley to meet the high demand.
Leading players in the market are constantly launching new items to meet the changing needs. For instance, CORONA INDIA launched a new 100.0% biodegradable and compostable packaging by using barley straw. A significant increase in terms of product innovation and use of barley for biofuel production are a couple of other factors pushing demand.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 2.3% |
| Jul to Dec (H2), 2021 (A) | 2.4% |
| Jan to Jun (H1),2022 Projected (P) | 3.1% |
| Jan to Jun (H1),2022 Outlook (O) | 3.2% |
| Jul to Dec (H2), 2022 Projected (P) | 3.1% |
| Jul to Dec (H2), 2022 Outlook (O) | 3.4% |
| Jan to Jun (H1), 2023 Projected (P) | 3.5% |
Mounting Demand for Whiskey and Beer Globally to Propel Barley Sales
Consumption of whiskey and beer is projected to remain high in various parts of the world with rising disposable income. Key companies are striving to come up with innovative beverages infused with barley in order to expand their presence.
In May 2021, for instance, Budweiser Brewing Co APAC Ltd announced that it is set to offer beer to local consumers that is brewed by using locally-sourced malting barley via its collaboration with a state-owned company. The barley is of premium quality and will help the company to promote cooperation between global and domestic companies.
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Increasing Demand for Beer in the USA to Propel Sales of Barley Wheat Grass by 2033
The USA barley industry is expected to hold about 15.3% of share in 2023. One of the key reasons behind rising consumption of barley in the USA is increasing popularity of malt barley. It is extensively cultivated for animal feed. Manufacturers also use it to brew numerous alcoholic beverages, including beer.
There is also a surging demand for pearl barley in the USA. Despite being a refined grain, it has more fiber than other refined grains. As a result, few brans may still be present and barley fiber is diffused throughout the grain rather than only in the outer layer.
Manufacturers are anticipated to offer a wide range of products made from barley ingredients. Various seed treatment companies are developing a variety of products that have high beta-glucan content.
Escalating Sales of Beta-glucan Food Items in Germany to Fuel Demand for Organic Pearl Barley
Germany barley market has been expanding at a rapid pace owing to rising health consciousness among millennials. Surging popularity of beta-glucan food products is also driving the barley industry with Germany accounting for 3.5% of the global market share in 2023.
Barley is a key ingredient in beer and whisky production where Alexis has been the foremost malting barley for more than a decade. Barley is frequently used in stews, bread, soups, health products, and animal feed across Germany.
Government Initiatives in India to Expand Cultivation Would Drive Demand for Puffed Barley
In the food sector across India, barley is extensively used as a natural sweetener. It is also utilized as an ingredient in the production of alcoholic beverages and as a food grain. In 2023, India is estimated to exhibit steady growth at a CAGR of 4.3%, says Future Market Insights.
With government initiatives to promote the use of locally produced barley products and schemes for increasing crop cultivation, the barley market is set to rise in India.
Demand for Whole Grain Purity Barley to Escalate by 2033 as it Has High Vitamin Content
All three components of the grain kernel, namely, endosperm, bran, and germ, are present in whole-grain barley. Hence, it has high phytonutrients, vitamins, and minerals content than refined grains. It is also rich in fiber.
As a result, whole grain barley is projected to account for a share of around 37.1% in the next ten years. During the forecast period from 2023 to 2033, demand for whole grain barley is projected to skyrocket worldwide.
Sales of Crushed Malted Barley to Skyrocket with Boosting Demand from Whiskey Distilleries
There is a rising demand for malt grade barley from food, whisky distilleries, beer, pharmaceutical, and animal feed industries. The segment is hence projected to generate a share of around 41.3% in the global barley market by 2033.
Barley has low fat and cholesterol content, which lowers the risk of cardiac disease. It also provides several other health benefits, and as a result, there is a rising consumption of malt grade barley.
Sales of Organic Barley to Surge with Rising Consumption of Alcoholic Beverages Globally
Manufacturers use barley as a key ingredient in the production of alcoholic & non-alcoholic beverages. Alcoholic and non-alcoholic beverages are gaining immense popularity among millennials worldwide.
The segment is anticipated to generate a share of around 31.0% in the assessment period. High alcohol consumption, rising adoption of pub culture, and changing lifestyles would propel sales in the market.
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The global barley market is highly uneven and dynamic. In this highly competitive market, key players are using a variety of promotional and development strategies, including alliances, acquisitions, and mergers.
Leading businesses that are dominating and contributing to the market are GrainCorp Limited, Malt Product Corp., Muntons Plc, Soufflet Group, Briess Malt & Ingredients Co Malteurop Groupe, Boortmalt Group, Ireks Gmbh, Crisp Malting Group, Great Western Malting, Eve Grain Millers, Grain, Maltexco S.A., Global Malt, and Cargill, Inc. among others.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 24,645.7 million |
| Projected Market Valuation (2033) | USD 32,901.6 million |
| Value-based CAGR (2023 to 2033) | 2.9% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2023 |
| Market Analysis | Value (USD million) and Volume (KT) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates |
| Key Segments Covered | Grade, Product Type, Application, Region |
| Key Companies Covered | GrainCorp Limited; EverGrain Bread Company; Boortmalt Group; Malteurop Groupe; Cargill Incorporated; Briess Malt & Ingredients Co.; Crisp Malting Group; Soufflet Group; Malt Products Corp.; Global Malt; Ireks Gmbh; Muntons Plc; Maltexco S.A.; Grain Millers Inc.; Great Western Malting |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints Opportunity, Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 24,645.7 million in 2023.
GrainCorp Limited, EverGrain Bread Company, and Boortmalt Group are the key market players.
The market is forecast to register a CAGR of 2.9% through 2033.
The United States is likely to generate 15.3% revenue in 2023.
Increasing global consumption of whiskey and beer is encouraging barley adoption.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Global Market - Pricing Analysis 5. Value Chain Analysis 6. Global Market Size (in Value (USD million) and Volume (KT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. Flour 7.2. Pearl Barley 7.3. Grits 7.4. Malt 7.5. Flakes 7.6. Whole Grain Barley 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Alcoholic Beverages 8.2. Non-Alcoholic Beverages 8.3. Personal Care Products 8.4. Animal Feed 8.5. Food 8.6. Pharmaceutical 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade 9.1. Malt Grade 9.2. Standard Grade 9.3. Food Grade 9.4. Specialty Grade 9.5. Pharmaceutical Grade 9.6. Cosmetic Grade 9.7. Feed Grade 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Country-level Market, 2022 19. Market Structure Analysis 20. Competition Analysis 20.1. GrainCorp Limited 20.2. Muntons Plc 20.3. Malt Product Corp. Soufflet Group 20.4. Cargill, Inc 20.5. Boortmalt Group 20.6. Ireks Gmbh 20.7. Malteurop Groupe 20.8. EverGrain 20.9. Crisp Malting Group 20.10. Maltexco S.A. 20.11. Grain Millers Inc 20.12. Malt Products Corporation 20.13. Global Malt Gmbh & Co. Kg 20.14. Briess Malt & Ingredients Co. 21. Assumptions and Acronyms Used 22. Research Methodology
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Barley Market
