Barley Market Research Report

Market Overview:

The global barley market size reached US$ 22.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.79% during 2023-2028. The increasing preferences towards ready-to-eat (RTE) food items, rising cocktail culture, and the growing sales of personal care and cosmetic products represent some of the key factors driving the market.

Barley is a cereal grain grown in various climates and soil types and used in food, animal feed, and brewing. It is rich in fiber, vitamins, minerals, protein, amino acids, antioxidants, and other essential nutrients. It aids in improving bowel movements, maintaining cholesterol levels, controlling blood sugar levels, lowering blood pressure levels, boosting heart health, promoting weight management, and treating constipation. It also improves digestive health, maintains bone health, and reduces the risk of developing the symptoms of heart disease and other chronic ailments. As it is a gluten-free grain, barley is widely consumed by people suffering from coeliac disease and gluten sensitivity.

Barley Market Trends:

Barley is used in the preparation of various food products and beverages, such as soups, stews, porridges, bread, crackers, pasta, salad, pizza, risotto, cookies, and cakes. This, coupled with the burgeoning food and beverage (F&B) industry, represents one of the major factors strengthening the market growth around the world. Moreover, there is an increase in the preferences towards ready-to-eat (RTE) food products on account of rapid urbanization, expanding purchasing power of individuals, and busy lifestyles. This, along with the rising consumption of barley-based food on account of the growing awareness among individuals about its health benefits, is bolstering the growth of the market. In addition, the increasing use of barley in cocktail drinks and the emerging cocktail culture are favoring the growth of the market. Apart from this, governments of several countries are undertaking measures to develop major domestic barley production industries. This, in confluence with the growing adoption of healthy eating habits, is influencing the market positively. Furthermore, barley is employed in the pharmaceutical industry as an excipient in drugs and tablets, which is propelling the market growth. It can also be attributed to the surging prevalence of chronic ailments. Besides this, barley finds application in various personal care and cosmetic products, such as scrubs, shampoo, conditioners, soaps, powder, face wash, lip balm, moisturizers, cleansers, lotions, and creams. The increasing sales of personal care and cosmetic products on account of the growing consciousness about physical appearance is also creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global barley market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, grade, distribution channel, and industry vertical.

Type Insights:

• Covered
• Two-Row Barley
• Six-Row Barley
• Hulless
   

The report has provided a detailed breakup and analysis of the barley market based on the type. This includes covered, two-row barley, six-row barley, and hulless. According to the report, covered represented the largest segment.

Grade Insights:

• Food Grade
• Feed Grade
• Malt Grade
   

A detailed breakup and analysis of the barley market based on the grade has also been provided in the report. This includes food grade, feed grade, and malt grade. According to the report, malt grade accounted for the largest market share.

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Departmental Stores
• Specialty Stores
• Online Stores
   

The report has provided a detailed breakup and analysis of the barley market based on the distribution channel. This includes supermarkets and hypermarkets, departmental stores, specialty stores, and online stores. According to the report, supermarkets and hypermarkets represented the largest segment.

Industry Vertical Insights:

• Food and Beverages
• Pharmaceuticals
• Seed Industry
• Personal Care
• Animal Feed
• Nutraceuticals
• Others
   

A detailed breakup and analysis of the barley market based on the industry vertical has also been provided in the report. This includes food and beverages, pharmaceuticals, seed industry, personal care, animal feed, nutraceuticals, and others. According to the report, food and beverages accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for barley. Some of the factors driving the Europe barley market included increasing preferences for ready-to-eat (RTE) food products, rising demand for cocktails, and busy lifestyles, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global barley market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Briess Malt & Ingredients Co, Cargill Incorporated, Crisp Malting Group, EverGrain LLC (Anheuser-Busch InBev), Grain Millers Inc., GrainCorp Limited, IREKS GmbH, Malt Products Corporation, Malteurop Groupe S.A. (VIVESCIA), Maltexco S.A, Muntons PLC, The Soufflet Group, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the barley market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global barley market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the barley industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.