Barley Market Size was valued at USD 24.9 Billion in 2023. The Barley Market industry is projected to grow from USD 26.1 Billion in 2024 to USD 36.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2024 - 2032). The significant demand in the brewing and food industries, influenced by climate conditions, advancements in agricultural technology, international trade policies, economic shifts, and evolving supply and consumer preferences, is expected to be a significant market driver for the Barley Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for Barley Market is driven by the increasing demand for animal feed and rising demand in the brewing and food industries. Barley Market serves an essential role in livestock nutrition, particularly for animals like cattle and pigs. Barley Market is a key dietary component in livestock feed. As the world's demand for meat products increases, the demand for feed also increases, leading to the demand for Barley Market. The UN's Food and Agriculture Organization (FAO) report predicts that production of animal proteins will increase on an average of 1.7% each year from 2010 to 2050, with the proliferation of meat production estimated to be 90% in the aquaculture sector, 55% in the diary, and approximately 70% in agriculture. According to the FAO forecast, 60% of the global food demand will increase by the year 2050. Barley Market offers high energy and health benefits for livestock, so it is one of the key crops used for animal feed production. The ever-expanding need for derived meat and other animal-based products, including milk and eggs, entails the increasing demand for animal feed comprised of Barley Market as well.
This also makes it a much-needed component of the malting industry, especially in the production of malt for beer manufacturing, and thus, it shows its commercial significance. Worldwide growth in the consumption volume of beer renders the supply of beer in the market a necessity. Worldwide, 185.60 million kiloliters of beer were drunk last year, which is a 4% increase compared to 2020. China, the world’s largest beer-drinking country yet again, kept its crown for the 19th year in a row, and beer consumption grew by an astonishing 5.6% when compared to the year before. India bounced back strongly from the 24th position in 2020 to the 14th place in 2021 (growth of 28.2% from the past year). Hence, as the trend of healthy eating is gaining popularity, another aspect of nutrition is becoming more and more evident. As a result, it is anticipated that throughout the projection period, demand for the Barley Market will increase due to the Increasing demand for animal feed and rising demand in the brewing and food industries. Thus, driving the Barley Market revenue.
The Barley Market segmentation, based on Type, includes Whole grain, non-whole grain, Flakes, Flour, and Malted. The malted segment dominated the market, accounting for 58% of market revenue. Malted Barley Market is a significant ingredient in the beer-making process. Due to the rapid growth of craft breweries as well as premium beers, there has been an increase in demand for the grain that is the base of good products. Furthermore, through the change in consumer habits moving towards superior and customized beverages, breweries are ready to pay more for high-end malts.
The Barley Market segmentation, based on Application, includes Food, Feed, and Beverages. The beverages segment dominated the market, accounting for 58% of market revenue. The craft beer movement is one of the prime fuelers of growth in the beverages sub-segment of the Barley Market. Craft breweries usually import high-grade ingredients, such as special Barley Market strains, to come up with original and flavorsome kinds of brew. Consumers' interest in craft beer is skyrocketing, which inevitably leads to the high demand for high-quality Barley Market varieties designed for brewing authentic brews.
Figure 1: Barley Market, by Application, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Barley Market segmentation, based on Distribution Channels, includes the Food & Beverage Industry and Retail. The food & beverage industry segment dominated the market, accounting for 60% of market revenue. It is widely used in this sector, mainly for brewing beer and producing malt beverages. It is also commonly used in packaged foods, such as bread, cereals, and health bars, because of its nutritive benefits, such as high fiber content and important vitamins. The versatility in culinary applications, whether in traditional dishes or in introducing new food products, contributes to its demand in this particular sector.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Canada holds the position of the provider of Barley Market to the largest extent in North America. The Barley Market yield in the Western part of Canada is estimated for 2022 at about 9.6 million tonnes. This is about 46.5 % more than last year and 17% more than the 10-year average. In 2022, the Barley Market was in favorable growing conditions that resulted in 70.5 bushels per acre (BPA), which is the average yield of the 10-year average yield (64.7 BPA). Developing economies have a high Barley Market adaption rate, which is a leading ingredient in food and beverage manufacturing.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: BARLEY MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Barley Market accounts for the second-largest market share as Europe stands out as the largest industry unit in the regional industry for its sustainability in growing and producing beer industry. Countries, for instance, Germany, France, and the UK, are the main producers, and cereal is a vital component of brewing. In 2022, EU countries produced around 34.3 billion liters of beer that contained alcohol and 1.6 billion liters of beer containing no more than 0.5% alcohol or alcohol-free beer. As compared with the year 2021, the EU brewing production of alcoholic beers increased by 7%, which returned to the normal level closer to the initial year of 2019 at 34.7 bn litters. In the group of EU countries sharing this data, Germany is still leading by a margin in 2022 (7.6 bn liters, which is more than 22% of the EU's total production). The region benefits from the favorable climate for cultivation in addition to the introduction of modern farming techniques, this, in turn, boosts its production levels. Further, the German Barley Market held the largest market share, and the UK Barley Market was the fastest-growing market in the European region.
The Asia-Pacific Barley Market is expected to grow at the fastest CAGR from 2024 to 2032. The number of craft breweries is increasing, and the relevance of locally-produced beer is fueling the demand for the country's market. In 2020, the Chinese produced 34.1 billion liters of beer. China imported a total of $11.2 million worth of US beer from January to October 2021, a jump of 5.6% from the beers that were imported during the same period last year. So far, in 2021, there has been a ten percent increase in China's imports this year compared to that of 2020. According to Kita Sangyo, the number of microbreweries in Japan reached from 225 in 2014 to 443 in 2020. Moreover, China’s Barley Market held the largest market share, and the Indian Barley Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Barley Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Barley Market industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Barley Market industry to benefit clients and increase the market sector. In recent years, the Barley Market industry has offered some of the most significant advantages to the agricultural sector. Major players in the Barley Market, including Soufflet Group, GrainCorp Limited, Cargill, Boortmalt Group, Malteurop Groupe, Crisp Malting Group, Muntons Plc, Maltexco S.A., Grain Millers Inc., Malt Products Corp are attempting to increase market demand by investing in research and development operations.
Cargill is an agricultural business corporation. The corporation deals with food products, financial services, agricultural tools, manufacturing wares, and integrated applications. It is responsible for the marketing, processing, and distribution of grains, oil seeds, sugar, meat, and other foods as well as cotton. The company also makes those ingredients used naturally from the industry of personal care, pet food, animal feed, and bio-industrial products. Cargill provides technical support, data asset solutions, transportation solutions and logistics services, risk management services, and marketing services. Moreover, this company creates products such as starch and starch sweeteners as well as fuel ethanol and biodiesel. It markets feed and pet food products under several brands, including Nutrena, Provimi, Cargill, EWOS, Diamond V, and Purina. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Cargill has its headquarters in Minneapolis, Minnesota, United States.
Muntons has been a producer of malt and malted products for more than 90 years since it was founded in 1921. Muntons' status has also been transformed from a local to a big international company that has expanded the supply of malts, malt extracts, flours, and flakes to the food and drinks industry. The company is divided into two operating divisions to serve markets with different needs - Muntons Malt, which sells malt and Barley Market to beer markets around the world and Muntons Malted Ingredients, which provides malted ingredients to the food industry and non-alcoholic beverages. The labor force is the key component that drives all businesses. With the expansion of Muntons Plc, the need for quality staff also increases. In May 2022, Muntons Plc announced that Muntons sourced and utilized 100% environmentally sustainable malt derived from British Barley Market and wheat to develop plant-based burgers, sausages, and sliced deli beef options for consumer manufacturers.
In 2024, Bob's Red Mill introduced a new line of organic pearl barley. This product is aimed at health-conscious consumers looking for high-quality, organic whole grains to incorporate into their diets.
In 2023, Anheuser-Busch launched a new line of non-alcoholic beers that emphasize the use of barley for a richer flavor profile. These beers are designed to provide a traditional beer taste without the alcohol.
November 2023: Cargill Incorporated announced its dedication to eliminating deforestation and land conversion in Brazil, Argentina, and Uruguay by 2025. This commitment from Cargill will aid in preserving native vegetation and promoting sustainable agricultural practices across these nations.
Barley Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 24.9 Billion |
| Market Size 2024 | USD 26.1 Billion |
| Market Size 2032 | USD 36.7 Billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Soufflet Group, GrainCorp Limited, Cargill, Boortmalt Group, Malteurop Groupe, Crisp Malting Group, Muntons Plc, Maltexco S.A., Grain Millers Inc, Malt Products Corp |
| Key Market Opportunities | · Rising preference for craft beers and organic products |
| Key Market Dynamics | · High consumption of alcoholic beverages |
Frequently Asked Questions (FAQ) :
The Barley Market size was valued at USD 24.9 Billion in 2023.
The Barley Market is projected to grow at a CAGR of 5.00% during the forecast period, 2024-2032.
North America had the largest share of the global market
The key players in the market are Soufflet Group, GrainCorp Limited, Cargill, Boortmalt Group, Malteurop Groupe, Crisp Malting Group, Muntons Plc, Maltexco S.A., Grain Millers Inc, Malt Products Corp
The Malted segment dominated the market in 2023.
The Food & Beverage Industry segment had the largest share of the global market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Research Analyst Experienced business professional with a demonstrated history of working in the cfnb industry. skilled in market research, and market estimation. strong professional with a masters focused in marketing management.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
