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Global Barley Industry Report: Analysis and Forecast 2022-2027

Global Barley Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices by Barley Industry Report

The Barley was valued to be worth the volume of 146 MMT in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 6.34 percent, achieving a volume of around 179 MMT by 2027.

The Barley industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The resultant product from barley can be used in several ways, such as a feed and a raw ingredient in brew production. Raising demand for a variety of convenience products, health food tendencies, expanded applications in the foodservice industry, and the rising popularity of organic products are all propelling the market growth ahead. Europe is the biggest category spender by region which is impelling the demand for the barley industry.

Barley: Industry Definition and Segmentation

Scope

Barley is a prominent cereal crop cultivated across the globe in climatic regions. Around 70 percent of the barley is utilized for animal feed, while 30 percent is fermented and used in beer, distillate drinks, and other delicacies. It is being used for bread, beverages, stews, and several other dishes. It is a nutritious grain that has plenty of fibre, antioxidants, and minerals. These provide numerous health benefits.

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The barley industry report comprises segments:

  • By type – covered, hulled, grits, pearl, and quick pearl
  • By grade – feed grade, malt grade, and food-grade
  • By Application – Food and beverages, pharmaceuticals, seed industry, and nutraceuticals
  • By regions – North America, Europe, Asia Pacific, the Middle East, Africa, and South America

Snapshot of the Report

The regional markets for the industry can be divided into North America, Europe, Asia Pacific, the Middle East, Africa, and South America

Read Full Report with Table of Contents: – https://www.procurementresource.com/reports/barley-industry-report

Category Drivers

The continued demand for malt to make alcoholic beverages is crucial to the global barley market’s growth; the market is also likely to see considerable demand from whiskey distilleries, the beer sector, and beverages, all of which will contribute to the global barley market’s growth. It also has low cholesterol and fat content. As a result, it is extensively used in healthy diets as a whole grain product, contributing to the market’s growth. Furthermore, it is gaining appeal as a healthy snack, increasing barley’s accessibility for on-the-go eating. This market is being driven by an increase in the demand for various types of convenience foods, rising applications in the F&B industry, clean label trends, and a growing desire for natural ingredients. Barley’s favourable attributes have a good impact and so boost the product’s market position, resulting in global market expansion.

Category Insight by Region

Europe consumes up to 90% of malt barley in the making of beer, despite being the world’s largest producer and consumer of grain. One of the most important producing locations in the European Union, which produces about 40% of the world’s barley. The two greatest barley producers in the European Union are France and Germany, with most of their output utilised to manufacture beer. Russia and Ukraine are two of the largest barley producers in the world. These areas are benefiting from increased demand both locally and internationally. Russia produces over 65% of the barley consumed in Europe.

The barley market is primarily driven by its feed and alcohol manufacturing applications. The numerous components in the product, such as vitamins and minerals, carbohydrates, proteins, and fatty acids, are responsible for this. As a result, the material can be used as a food additive in a variety of applications. It was once utilised as a food grain, but it is now more often used as a brewing ingredient and a natural sweetener, resulting in a considerable expansion of the barley market. The feed sector is barley’s most important use category. Consumer demand for the product is rising across Europe, boosting overall demand and exports. The global barley market is being spurred by rising demand from Middle Eastern countries such as Saudi Arabia, Jordan, and Kuwait, which is largely used for animal feed.

Best Procurement Practices

The global Barley Industry Report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of barley across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

On a global scale, the Military and Aerospace market is predicted to grow rapidly due to rising military spending to build advanced communication and network infrastructure. The frequency of cyber-attacks is projected to increase the need for high bandwidth capacity for safe data transfer and signal interference protection. Furthermore, rising orders for next-generation military aircraft from nations such as India and the United Arab Emirates, in line with rising global demand, are expected to boost industry growth throughout the forecast period.

Key Supplier Profiles included in the Global wheat starch Industry Report

The key players in the market are Axereal, Cargill, Crisp Malting, Malteurop, Ireks, GrainCorp, Global Malt, Maltexco, Briess Malt & Ingredients, Rahr Malting and Soufflet

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.