Barley Market to Top US$ 32,901.6 Million by 2033 as Sales of Food with High Nutritional Benefits Boom, Read In-depth Report by Future Market Insights, Inc.
The North America barley industry is expected to register a 4.9% CAGR between 2023 and 2033. China barley industry is projected to expand at a CAGR of around 5.0 % over the next ten year
NEWARK, Del, Feb. 09, 2023 (GLOBE NEWSWIRE) -- According to a recent analysis by Future Market Insights, a provider of market research and competitive intelligence, barley market sales are expected to increase by a lucrative CAGR of 2.9% over the next ten years. The barley market is estimated to reach a valuation of US$ 32,901.6 million by 2033 from US$ 24,645.7 million in 2023.
A significant trend driving the barley industry is rising use of barley for the production of alcoholic and non-alcoholic beverages, personal care items, pharmaceuticals, food, and animal feed. In both emerging and established nations, products made from barley have a significant demand due to their numerous functionalities and nutritional advantages. It is hence fueling growth in the global barley market.
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A significant number of small-scale competitors are putting high emphasis on innovation than sales. Leading manufacturers with global footprints have increased mergers and acquisitions with small businesses to diversify their product offerings and serve a wide customer base. Rising trend for biodegradable packaging, which is environmentally friendly and made from barley straw is likely to drive growth in the global barley market in the next ten years.
Key Takeaways from Barley Market:
The USA accounted for 15.3% of the global barley market share in 2022.
The United Kingdom generated a share of 4.9% in the global barley market in 2022.
China is set to hold a share of 5.0% in the global barley market during the estimated time frame.
Germany accounted for a share of around 3.5% in the global barley market in 2022.
India barley market is set to generate a share of around 4.3% in the next ten years.
"In the long run, growing focus on products with high nutritional benefits and eco-friendly packaging would propel barley sales worldwide. Key players in both developed and developing countries are anticipated to innovate barley products to create new opportunities.” says a lead analyst at Future Market Insights.
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Competitive Landscape: Barley Market
The market for barley is highly competitive worldwide. A few main factors influencing market expansion are the introduction of new blends of barley and numerous applications of barley across various industries. Increasing awareness of products with health-promoting properties is another factor that would propel ales.
Leading companies operating in the barley market are GrainCorp Limited, Muntons Plc, Soufflet Group, Cargill, Incorporated, Boortmalt Group, Ireks GmbH, Malteurop Groupe, EverGrain, Crisp Malting Group, Maltexco S.A., Grain Millers Inc., Malt Products Corporation, Global Malt Gmbh & Co. Kg, and Briess Malt & Ingredients Co. among others.
Get More Valuable Insights into Barley Market
In its latest offering, Future Market Insights offers a thorough study of the barley market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.
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The study provides compelling insights into the global barley market by product type (barley flour, barley girts, barley malt, barley flakes, whole grain barley, pearl barley), application (pharmaceuticals, alcoholic beverages, food industry, non-alcoholic beverages, animal feed, personal care products), grade (malt grade, standard grade, food grade, specialty grade, pharmaceutical grade, cosmetic grade, feed grade), and region.
Barley Market Outlook by Category
Personal Care Products
By Product Type:
Whole Grain Barley
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Table of Content
1. Executive Summary | Barley Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.4. Market trends By Region
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Explore FMI’s Extensive Coverage on Food & Beverage Domain:
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Grain Alcohol Market Demand: The global grain alcohol market size is expected to be valued at US$ 15.6 Bn in 2022 and is poised to expand at a CAGR of 4.2% from 2022 to 2032.
Pulse Products Market Forecast: Furthermore, with rising adoption across households, flour industry, and snack food sector, the overall sales of pulse products are poised to grow at; 4.3% CAGR between 2022 and 2032
Pulse Ingredients Market Analysis: Future Market Insights shows that the global market size is estimated to be USD 27 Billion by 2032.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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