Barley Market size is forecast to reach $ 23.67 Billion by 2025, growing at CAGR of 4.2% during the forecast period 2020-2025. Barley (Hordeum vulgare) is a versatile cereal grain crop of the family member of grass, cultivated in temperate climates globally. It is primarily grown in countries, such as Russia, France, Germany, Ukraine, Australia, and others, and is among the most important crops by the farmers in these regions. It contains a high amount of maltose or malt sugar. The rise in its demand is especially owing to its application in both alcoholic and non-alcoholic beverages is a major driving factor of the global market. Growing health awareness, a rise in cardiovascular diseases, and its increasing use as an ingredient in food products are the other driving factors of the market.

Key Takeaways

Geographically, North America is leading the global barley market owing to the high consumption of beer and whiskey and presences of high disposable income in 2019. This region is also set to grow at the highest CAGR during the forecast period (2020-2025).

The demand for Barley has been witnessing a rise since the past couple of decades owing to an increase in demand from the global alcoholic beverages and animal feed industry.

Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Barley Market report.

The Beer industry is the major consumer of the barley market, resulting in its mass cultivation. This has pushed the barley market for the last year. Besides, barley has been extensively used in several food items which are set to increase the growth for the forecast period (2020-2025).

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By Geography – Segment Analysis

Based on Geography, Barley Market is segmented into North America, Europe, Asia Pacific and Rest of the World. In 2019, North America dominated the market with share of 37.8% of overall market. This is owing to majority of alcohol consumption in U.S. Increasing import for barley in countries in this region and increasing adoption of barley-based food products are factors set to fuel the growth of the barley market in the Asia Pacific.

Drivers – Barley Market :

Rise in Demand for Barley Malt

Barley Market Industry outlook : Key companies of Barley Market are Axereal, Cargill, Crisp Malting, Malteurop, Ireks and Muntons. Some of the other prominent players include GrainCorp, Global Malt, Maltexco, Briess Malt & Ingredients, Rahr Malting, and Soufflet.

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