Barley Market Size, Share, Opportunities, And Trends By Product Type (Flour, Peral Barley, Girts, Malt, Flakes, Whole Grain Barley), By Application (Alcoholic Beverages, Non-alcoholic Beverages, Personal Care Products, Animal Feed, Food, Pharmaceuticals), By Grade (Malt Grade, Standard Grade, Food Grade, Speciality Grade, Pharmaceutical Grade, Cosmetic Grade, Feed Grade), And By Geography - Forecasts From 2024 To 2029

The barley market is estimated to grow at a CAGR of 5.08%, from US$12.707 billion in 2022 to US$17.974 billion in 2029 during the forecast period.

Barley is a multipurpose cereal grain grown throughout the world for beer and spirits making, animal feed, and food commodities. The ability to grow in several climes and a notoriously small growing season make it a well-known crop among farmers in challenging scenarios. The popularity of barley in healthy diets is growing because of its high fibre, vitamins, and minerals.

As the demand continues to increase, the role of barley in agriculture-based economies and the food and beverage sector remains crucial. Its determination and versatility guarantee its continuation in agricultural field worldwide. Throughout the projected period, it is predicted that barley's market share as a raw material for alcoholic and non-alcoholic drinks would rise.

Market Drivers:

• Increasing awareness about health benefits.

One of the major factors driving the barley business is a rising knowledge of the nutritional advantages of whole grains. Furthermore, the barley business is booming as there is a growing need for natural snack options. It is also advised to produce non-alcoholic beverages. These factors are driving the worldwide barley market's growth. It is high in dietary fibre and includes a number of nutrients that are beneficial for weight loss, cholesterol lowering, and heart health. Barley cultivation on a worldwide scale contributes to market growth by meeting increased demand from various end-use industries.

• Increasing government initiatives.

Governments have achieved great progress in the food grain business in recent years, thanks to a number of schemes available. The Saudi government, for example, offers financial incentives to private businesses and people to cultivate critical crops like barley, soybeans, and yellow maize to satisfy local demand and build store reserves. Additionally, it gives the producers interest-free loans and financial help. These elements are anticipated to influence the barley market’s growth.

• Rising demand for whiskey and beer globally might positively impact the barley market.

With increased disposable wealth, it is expected that beer and whisky consumption will continue to be high worldwide. To increase their presence, important businesses are working to develop novel beverages that contain barley. These variables are considerably boosting the barley market share.

For example, Budweiser Brewing Co APAC Ltd said in May 2021 that it will collaborate with a state-owned company to offer beer to local customers manufactured from locally obtained malting barley. The barley is of the greatest grade and will help the company promote worldwide and local commercial partnerships.

• Usage in the food & beverage industry propelling growth.

The barley market is being considerably influenced by rising demand for barley malt for alcoholic beverages. Barley market is also being driven by the rising demand for various types of convenience food items, new F&B industry applications, clean-label trends, and a rising desire for natural ingredients. Therefore, it is projected that these factors will fuel the barley market size throughout the forecast period.

• Key manufacturers are focusing on product innovation.

Barley has an abundance of vitamins, proteins, carbohydrates, and fatty acids. This high nutritional value encourages diversification in the food business. In the food sector, barley is consumed in whole grain form. Both barley flour and barley flakes. The top marketers make all of these clean-label goods available through a variety of distribution channels, including physical storefronts and online marketplaces. Whole-grain barley is used to generate natural sweeteners as well as beer and other alcoholic beverages.

The primary factor driving the barley market size is the increased usage of barley, which has produced positive outcomes in the majority of prospective market categories. The food sector, alcoholic and nonalcoholic drinks, personal care, animal feed, and medicines are the different segments of the worldwide barley market.

North America and Europe and anticipated to dominate the barley market.

North America's top producer of barley in Canada. Barley is being used increasingly in the food and beverage sector in developing nations. In the upcoming years, this aspect can help the barley market growth in the region. The United States is the world's sixth largest producer of barley. Malt production absorbs around 75% of American-grown barley. Barley flour cannot be used in gluten-free recipes since it contains gluten. It is an ingredient in infant food in the United States. Barley malt is a famous aspect in baked items and flavourings inside the meals enterprise.

According to the US Grains Council, the bulk of the American barley this is farmed is for malting. In 2021/2022 (June-May), fifty four international locations bought American barley, and the u . S . Exported 424,000 metric tonnes (19 million bushels), along with to Japan for the food barley marketplace and Mexico for brewers. The Council in Japan urges consumers who are fitness-conscious to consider excessive beta-glucan barley as an alternative grain. The Council has contributed to continually rising imports of American barley into Japan in addition to raising purchaser awareness thru a series of tutorial seminars at the health advantages of barley.

Furthermore, it is expected that Europe will continue to have a significant revenue percentage over the projection length. The target barley marketplace's growth elements include the place's high barley manufacturing and intake, particularly in countries like Russia, Germany, France, and Ukraine.  The location acts as the worldwide barley marketplace's hub because it is home to all important gamers in the enterprise. Furthermore, a growing financial system is witnessing a substantial uptake of barley inside the meals and beverage enterprise. This is a favourable development so that it will most possibly result in further growth within the barley marketplace.

Market Key Developments

• In November 2023, Lavie Bio Ltd., a subsidiary of Evogene Ltd. (Nasdaq: EVGN) (TASE: EVGN), a leading ag-organic organisation dedicated to elevating food quality, sustainability, and agricultural productiveness thru microbiome-based innovations, announces the enlargement of its microbiome-primarily based product for spring wheat, now rebranded as Yalos™ (previously Thrivus™), to consist of durum and barley, notably broadening its ability market attain.
• In July 2023, BENEO will debut barley beta-glucans at this year's IFT Food Expo in Chicago, which runs from July 17 to 19, offering precise fitness benefits which includes advanced coronary heart fitness and blood sugar management. BENEO's new product, Orafti® β-Fit, a natural and clean label wholegrain barley flour with 20% beta-glucans, expands the enterprise's practical fibre product portfolio.
• In May 2022, Australian Grain Technologies (AGT), Sipcam, and Albaugh, LLC collaborated to provide the CoAXium Production System to Australian barley manufacturers, giving a non-GMO herbicide tolerance trait for improved grassy weed management choices in barley. CoAXium Production System will give barley producers with a new tool (Group 1 herbicide - Aggressor®) for controlling problematic grass weeds including brome grass, barley grass, wild oats, and vulnerable annual ryegrass.

Segmentation:

• By Product Type
  • Flour
  • Peral Barley
  • Girts
  • Malt
  • Flakes
  • Whole Grain Barley
• By Application
  • Alcoholic Beverages
  • Non-alcoholic beverages
  • Personal Care Products
  • Animal Feed
  • Food
  • Pharmaceuticals
• By Grade
  • Malt Grade
  • Standard Grade
  • Food Grade
  • Speciality Grade
  • Pharmaceutical Grade
  • Cosmetic Grade
  • Feed Grade
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others 
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others 
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others 
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others