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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Barley Market Analysis by Region
Europe, being the largest producer and consumer of barley, consumes up to 90% of malting barley to produce beer. The major producers of barley within the European Union include France and Germany, with the majority of their output utilised in making beer. The malting barley varieties are specifically cultivated for their ability to produce a high-quality malt that meets the stringent requirements of brewers and distillers. This sector's demand for high-grade malting barley significantly influences the market in Europe.
The barley market in North America is anticipated to gain a significant share as a major global consumer of barley is Canada, which consumes the majority of its barley for feed purposes. The demand for industrial consumption is also growing in the region, accounting for 20% of the barley consumption. The major barley-producing regions in Canada are Alberta as well as Saskatchewan, together accounting for 70% of the country’s total output. The rest of the share is produced in British Colombia and Manitoba. The region also exports majorly to the United States and China as well as imports high volumes of barley from Japan to Canada for brewing purposes.
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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