Barley Market Size Worth $28,491.24 Million By 2032 | CAGR: 2.66%

Barley Market Size Worth $28,491.24 Million By 2032 | CAGR: 2.66%


The global barley market size is expected to reach USD 28,491.24 Million by 2032, according to a new study by Polaris Market Research. The report “Barley Market Share, Size, Trends, Industry Analysis Report, By Type (Covered, Two-Row Barley, Six-Row Barley, Hullness); By Grade; By Distribution Channel; By Industry Vertical; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing sales of craft breweries are fueling the growth of the barley market. Craft breweries are increasingly using high-quality barley as a key ingredient in their beer production. This has led to an increase in demand for barley from craft breweries, which is contributing to the growth of the barley market. According to the Brewers Association, overall beer volume sales increased by 1% in 2021, while sales at craft breweries increased by 8% to 24.8 million barrels. The volume proportion of independent brewers in the U.S. beer market increased to 13.1% from 12.2% the year before. As more craft breweries enter the market, the demand for barley is likely to increase, as barley is a key ingredient in beer production. The increasing popularity of beer and other alcoholic beverages is driving demand for barley. This will further fuel the growth of the market in coming years.

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As more Americans become concerned about the environment, animal welfare, and general wellbeing, plant-based eating is increasing in popularity in the United States. According to The Good Food Institute, the plant-based market in particular saw a 17% growth in dollar sales last year. The growing popularity of plant-based products in the United States is fueling the growth of the barley market due to the increasing use of barley as a key ingredient in plant-based meat substitutes, plant-based milk alternatives, and plant-based snacks and convenience foods, as well as the increasing awareness of the health benefits of barley and the demand for organic and non-GMO products.

Barley Market Report Highlights

  • Covered segment is anticipated to witness faster growth in the study period owing to growing demand for plant-based products.
  • Malt Grade segment accounted for the higher growth rate owing to the increasing demand from the brewing and distilling industry.
  • Supermarkets and Hypermarkets segment is projected to experience a significant growth rate due to the increasing availability of barley-based products.
  • Food and Beverages segment is expected to witness a higher growth rate in the study period owing to growing demand for healthy and natural food products.
  • Asia Pacific is expected to grow at a significant growth rate owing to the growing prevalence of diabetics and imports of barley seeds.
  • The global players include Briess Malt & Ingredients, Cargill Incorporated, Crisp Malting, EverGrain, Grain Millers, GrainCorp, IREKS, Malt Products, Malteurop, Maltexco, Muntons & The Soufflet.

Polaris Market Research has segmented the barley market report based on type, grade, distribution channel, industry vertical and region:

Barley, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Covered
  • Two-Row Barley
  • Six-Row Barley
  • Hullness

Barley, Grade Outlook (Revenue - USD Million, 2019 - 2032)

  • Food Grade
  • Feed Grade
  • Malt Grade

Barley, Distribution Channel Outlook (Revenue - USD Million, 2019 - 2032)

  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Speciality Stores
  • Online Stores

Barley, Industry Vertical Outlook (Revenue - USD Million, 2019 - 2032)

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

Barley, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
    • U.S.
    • Canada
    • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Barley Market Report Scope

Report Attributes

Details

Market size value in 2024

USD22902.33 million

Revenue forecast in 2032

USD 28,491.24 million

CAGR

2.66% from 2024 - 2032

Base year

2023

Historical data

2019 - 2022

Forecast period

2024 - 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Type, By Grade, By Distribution Channel, By Industry Vertical, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Briess Malt & Ingredients, Cargill Incorporated, Crisp Malting, EverGrain, Grain Millers, GrainCorp, IREKS, Malt Products, Malteurop, Maltexco, Muntons & The Soufflet.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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