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Global Barley Market is Expected to Grow at a CAGR of 6.34% in the Forecast Period of 2022-2027.
According to a new report by EMR titled, ‘Global Barley Market Report and Forecast 2022-2027’, the global barley market reached a consumption volume of 149,859 thousand metric tons in 2020. The market is projected to grow at a CAGR of 6.34% in the forecast period of 2022-2027 to reach a volume of about 216,702 thousand metric tons by 2026.
The global barley market has a large consumer base in regions like the European Union, Saudi Arabia, Russia, and China. Countries including China, Iran, Libya, and Saudi Arabia, import significant volumes of barley from other regions. Its use as animal feed also drives its growth in many regions. Saudi Arabi and China import significant volumes to meet the demand for feed barley in the region. It is widely demanded for the production of beer across all the major regions.
Russia is one of the leading producers of barley, exporting major volumes to the Middle East countries, especially Saudi Arabia. The region also exports to Iran, Jordan, and Kuwait. The European Union is the leading producer with Germany and France, producing more than 40% of the global output. Regions like Ukraine and Russia are witnessing a domestic as well as export demand.
In December 2018, key players, Cargill Incorporated and Axéréal, announced their joint agreement plan. Under this plan, Cargill is set to sell its business to Boortmalt, which is a malt subsidiary of Axéréal. This business includes 15 plants/facilities across different continents. In the coming years, sustainable innovations will be one of the major trends governing the industry growth as barley is particularly susceptible to climate change. In January 2020, AB InBev (NYSE: BUD) entered into a partnership with Benson Hill Biosystems to develop more sustainable and productive varieties of barley.
Market Analysis by Application and Regions:
- Based on applications, the global barley market can be segmented into feed and food, seed, industrial sectors.
- The regional barley markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
- The global barley market is being driven by the increasing demand from the Middle Eastern region, especially Saudi Arabia, Kuwait, and Jordan.
- The growing beer industry is the major driver for the barley market.
- The growing beverage industry is majorly supporting the barley industry growth.
Key Offerings of the Report:
- The EMR report gives an overview of the global barley market for the periods (2017-2021) and (2022-2027).
- The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the regions.
- The EMR report also provides an insight into the price trends as well as the trade data of the global barley market.
The major key players in the global barley market include companies like Soufflet Group, Malteurop Groupe, GrainCorp Limited, Boortmalt Group, and Cargill, Incorporated, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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