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Barley Market Size - By Type (Whole Grain, Non-Whole Grain, Flakes, Flour, Malted), Application (Food, Beverages, Feed), Growth Prospects, Regional Outlook, Competitive Industry Share & Global Forecast, 2024 – 2032

  • Report ID: GMI6829
  • Published Date: Sep 2023
  • Report Format: PDF

Barley Market Size

Barley Market size was valued at USD 50.93 million in 2023 and is anticipated to register a CAGR of over 3.6% between 2024 and 2032, led by increasing demand for animal feed, barleys nutritional value makes it a crucial ingredient in livestock and poultry diets, and as global meat consumption continues to rise, particularly in emerging economies, the demand for animal feed, including barley, has grown significantly.
 

Barley Market

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Additionally, the craft brewing industry has also played a pivotal role in driving the barley market's growth. Barley is an essential ingredient in beer production, and the demand for high-quality barley from craft brewers has surged, contributing to increased barley sales, particularly among specialty barley varieties used for brewing.
 

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the barley market and there was a sharp decline is usage of barley as it is used for brewing and malting. The closure of restaurants, bars, and breweries during lockdowns resulted in reduced demand for barley products. The brewing industry encountered difficulties due to decreased beer consumption. These disruptions had a direct impact on the demand for barley used in brewing and in barley-based beverages.
 

However, shift in consumer behavior and preferences during the pandemic also influenced the barley market. As people spent more time at home due to lockdowns, there was a noticeable change in demand for barley products. Home baking and cooking saw increased popularity, leading to greater demand for barley-based products like bread and pasta.
 

Barley Market Trends

The market is growing due to the increasing consumer interest in health and nutrition, which has driven the demand for barley-based products due to its nutritional benefits, including dietary fiber, carbs and protein. This has led to the development of a wide range of barley-based foods, from breakfast cereals to pasta, catering to health-conscious consumers. Additionally, sustainability has become a prominent theme in agriculture, prompting barley farmers to adopt more environmentally friendly practices, reduce water usage, and enhance the crop's resilience to climate challenges.
 

Barley Market Analysis

Barley Market, By Type 2021- 2032

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The malted barley market accounted for 25.25% of the revenue share in 2022, attributed to rising demand for craft beer and whiskey, in addition it contributes unique flavors, aromas, and textures to the products. It is prized for its ability to enhance the taste and quality of various beverage items, including bear, whiskey, and malted beverages.
 

Barley Market, By Application By Revenue Share

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The barley market from beverage segment is poised to grow at over 3.8% CAGR through 2032, owing to the craft beer industry which has experienced a surge in popularity, and barley plays a key role as a fundamental ingredient in beer production. Craft brewers prioritize high-quality, locally typed ingredients, including malted barley, driving increased demand within the beverage sector. This movement has contributed significantly to the expansion of barley's presence in the beverage market. In addition, innovation of non-alcoholic and low-alcohol beverages, including non-alcoholic beers, malted sodas, and functional beverages, has provided consumers with sophisticated, barley-based alternatives, driving the expansion of the beverage segment.
 

Russia Alginate Market 2020- 2032 (USD Million)

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Russia barley market recorded around 19.5% of revenue share in 2022. Barley is a versatile grain with various applications. It can be used for human consumption in foods like bread, cereal, and beer, and it's also used in animal feed production. This diverse range of applications provides stability and potential for growth in the market. Europe, particularly countries like Ukraine, the United Kingdom, and Belgium, has a rich tradition of beer production. Barley is a key ingredient in brewing beer, and the demand for craft beers and specialty brews has been on the rise. This has driven the demand for high-quality barley varieties.
 

Barley Market Share

Major companies operating in the barley market include

  • Soufflet Group
  • GrainCorp Limited
  • Cargill
  • Boortmalt Group
  • Malteurop Groupe
  • Crisp Malting Group
  • Muntons Plc
  • Maltexco S.A.
  • Grain Millers Inc
  • Malt Products Corp
  • Bries Malt & Ingredients Co.
     

Barley Industry News

  • In May 2022, Lactalis acquired Jalna dairy foods. This acquisition is aimed to expand the yogurt portfolio of Lactalis. This acquisition is also expected to increase the geographical expansion of the company.
     

This barley market research report includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) and transactional volume (Million) from 2018 to 2032, for the following segments:

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Market, By Type

  • Whole grain
  • Non-whole grain
  • Flakes
  • Flour
  • Malted

Market, By Application

  • Food
  • Feed
  • Beverages

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • Russiaraine
    • ROE
  • Asia Pacific
    • Australia
    • India
    • China
    • RoAPAC

 

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

Barley industry size reached USD 50.93 million in 2023 and is estimated to expand at over 3.6% CAGR from 2024 to 2032 driven by the increasing need for animal feed in livestock and poultry diets.
The malted barley segment held over 25.25% of the revenue share in 2022, attributed to rising demand for craft beer and whiskey.
The beverage segment is set to witness 3.8% CAGR till 2032, due to the rising popularity of craft beers.
Some of the leading firms engaged in the industry include Soufflet Group, GrainCorp Limited, Cargill, Boortmalt Group, Malteurop Groupe, Crisp Malting Group, Muntons Plc, Maltexco S.A., Grain Millers Inc, Malt Products Corp, and Bries Malt & Ingredients Co.

Barley Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 152
  • Countries covered: 9
  • Pages: 180
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