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Barley Market Trends

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

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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.

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.