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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Barley Market Share
The feed sector is expected to increase due to barley’s nutrition-rich profile and cost-effectiveness
The feed sector holds the major market share. Barley is a nutritious grain that provides a valuable source of energy, protein, and fibre for livestock. It's particularly beneficial for ruminants (such as cattle and sheep) but is also used for pigs, poultry, and horses. The grain's high fibre content is excellent for rumen health in cattle, supporting digestion and nutrient absorption.
For many farmers, growing barley for animal feed is economically viable due to its adaptability to different climates and soil types, which can result in lower input costs compared to other feed grains like corn. Barley can produce reliable yields even in conditions where other crops might not thrive as well, making it a resilient choice for feed production. The growing demand for feed across the region, especially in the United States as well as the rising import of barley in nations like Saudi Arabia supports the segment growth.
The food sector is expected to gain robust growth in the barley market in the coming years. There is a growing trend towards consuming whole grains as part of a healthy diet, influenced by dietary guidelines and health recommendations from organisations around the world. Barley, as a whole grain, fits well into this trend, contributing to its significance in the food market.
Barley's versatility in the kitchen enhances its appeal in the food segment. It can be used in a wide range of dishes, including soups, stews, salads, bread, and breakfast cereals. Hulled barley, pearl barley, barley flakes, and barley flour offer different textures and flavours, expanding their use in culinary applications.
Barley Market Report Snapshots
Barley Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a volume of approximately 1,80,139.69 thousand metric tonnes.
The market is projected to grow at a CAGR of 6.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about a volume of around 3,12,182.67 thousand metric tons by 2032.
The major drivers of the market are rising disposable incomes, increasing population, and growing barley demand in many countries.
The key trends guiding the growth of the market include the increase in consumption of soy and corn in feed and biofuel industries and rapidly growing beer industry.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Food, seed, industrial and feed are the leading applications of barley in the market.
The major players in the market are Soufflet Group, Malteurop Groupe, GrainCorp Limited, Boortmalt Group, and Cargill, Incorporated, among others.
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