As per our research analysis, The global barley market is predicted to increase at a CAGR of a percent from 2022 to 2027, according to the forecast.
Market Overview:
Barley, commonly known as Hordeum vulgare, is a cereal grain that is high in fiber and includes vitamins, minerals, and antioxidants. It is one of the earliest cereals produced in temperate temperatures in the Wolds. In Eurasia, barley cultivation stretches back 10,000 years. Barley is utilized in feed, natural foods, and beverage production. Barley has shown to be one of the healthiest alcoholic beverages available. Furthermore, barley is employed in the soft drink business. Barley is a multi-purpose herbaceous cereal crop produced all over the world in temperate regions. Contains a lot of maltose or maltose sugar. This sugar is used to sweeten syrups or as a malt base. It’s also used in beer and other fermented drinks. It’s also used to make soups and stews, as well as animal feed. It’s high in good fats, vitamin C, carbohydrates, and protein.
Reduces the risk of cardiovascular disease by providing a range of vitamins and minerals. The low GI, low fat, and low cholesterol composition of the barley drink help to maintain blood sugar levels. It is also becoming popular as a component in various dishes, including children’s snacks, due to its high fiber and nutritious value.
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Segmentation Analysis:
The global Barley market segmentation includes:
By Grade: Food-Grade, Malt-Grade, Pharmaceutical-Grade, Cosmetic Grade
The barley market may be divided into three categories according to grade: malt grade, food-grade, and feed grade. Due to its good extract feature, low moisture grade, and high enzyme obtainability, malt grade leads the whole barley market. As a food component, malt grade is also recognized for its high sweetening level. However, due to decreased consumption in recent years, feed grade and food grade barley will continue to lose market share.
Whiskey distilleries, the beer business, drinks, the food sector, and the pharmaceutical industry all utilize it. The beer business is the product’s primary client and is also responsible for its mass manufacturing. It’s becoming more common in meals. This would help to move the industry forward.
By End-User: Pharmaceuticals, Food & Beverage, Cosmetics, Personal Care
Pharmaceuticals, food and beverage, cosmetics, and personal care are the four end-user sectors in the industry. During the forecasted period, the food and beverage industry is expected to have a considerable revenue share.
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Regional Analysis:
Europe has a sizable revenue share, which is expected to be steady throughout the projected period, followed by North America and the Asia Pacific. The barley market’s growth factors include strong barley production and consumption in countries such as Russia, Germany, France, and Ukraine in the area. Because of its large consumption of beer and whiskey, as well as its high disposable income, North America dominates the global barley market.
The region is home to all of the industry’s key companies, making it a hub for the whole barley market. Furthermore, a booming economy is seeing a high rate of barley uptake in the food and beverage business. This is a positive feature that will help the future growth of the barley market. As customers grow more health-conscious, they are consuming less alcohol, which has a negative impact on barley malt demand. This impacted total barley demand, causing the market to fall. Other unfavorable aspects of the worldwide barley market exist. Reduced soil fertility, insect and disease infestation, and fast climate change are all examples. All of these had an impact on barley output. The APAC market is predicted to expand in revenue in the near future, followed by the Middle East, Africa, and Latin America. The barley market in the Asia Pacific is expected to rise due to higher barley imports and greater acceptance of barley-based cuisines in the region’s countries.
Latest Industry Developments:
- BASF debuted Sistiva, a fungicide for seed treatment on wheat and barley, in Argentina in May 2016. Sistiva will provide 45 days of post-emergent disease management for crops and will provide farmers with additional foliar application options.
- Dow Agrosciences debuted Paradigm Arylex, an active herbicide, as a cereal product in April 2015. This new product was created to manage and regulate the growth of brassica weeds, deadnettle, Mexican poppy, fumitory, and a range of other broadleaf weeds in wheat, barley, triticale, and oats.
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