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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Barley Market Trends
Ethanol fuel, a biofuel alternative to gasoline, is primarily produced from agricultural feedstocks. While corn is the dominant crop used for ethanol production in countries like the United States, barley offers an alternative feedstock, especially in regions where it is more economically viable or environmentally suitable to grow. Barley can grow in cooler climates and less fertile soils than many other crops, making it a viable option for ethanol production in regions that are not suitable for corn or sugarcane. It can also be part of sustainable crop rotation systems, reducing the need for chemical fertilisers and pesticides, and improving soil health which makes barley an attractive option for regions focusing on sustainable or organic farming practices.
Companies are developing high-end production facilities to enhance the quality of the barley. Nile Breweries announced the inauguration of a UGX 4 billion state-of-the-art barley cleaning and drying plant in Cheminy, Kween District, Uganda in November 2023. This facility is strategically located in the Sebei region and is poised to significantly enhance the quality and sustainability of barley production in the area.
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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