Barley Market Size, Share, Growth and Outlook | 2034

MyTravaly_Logo  George Buttler 15 Jan, 2025 10 mins read 68
Barley Market Size, Share, Growth and Outlook | 2034

Barley Market Outlook


According to the report by Expert Market Research (EMR), the global barley market size attained a volume of nearly 180139.69 TMT in 2024. The growing demand for barley in food and beverage, animal feed, and industrial applications has spurred the expansion of the market. This growth is expected to continue, with the market projected to grow at a CAGR of 6.30% between 2025 and 2034.


Barley is one of the oldest cultivated grains and serves as a key ingredient in various industries. It is predominantly known for its use in the production of malt for brewing and distilling purposes, as well as its application in food and animal feed. Additionally, barley’s versatility extends to its use as a source of dietary fiber, antioxidants, and essential nutrients, which contribute to its importance in the global food system.


Market Drivers Of Growth


The global barley market is primarily driven by the rising demand for malt and its significant role in the brewing industry. Barley is the principal grain used for malting, which involves the germination of the seeds to create malted barley. This malt is a fundamental ingredient in the production of beer and other alcoholic beverages. The growth of the global beer industry, particularly in emerging markets, has been a major factor in the increasing demand for barley. As consumer preferences shift towards craft beers and premium beverages, the demand for high-quality malted barley is rising, thereby stimulating market growth.


Moreover, the expanding food and beverage sector also supports the demand for barley. Barley is used in a variety of food products, including breakfast cereals, snacks, bread, and soups. Its rich content of beta-glucan, a soluble fiber, makes it a sought-after ingredient for consumers seeking heart-healthy foods. With the growing awareness of the importance of a balanced diet and the increasing inclination towards whole grains, barley has gained popularity as a staple food product. Additionally, barley-based food products are being promoted as functional foods due to their nutritional value, contributing to a more health-conscious global consumer base.


In addition to its applications in food and beverage products, barley plays a pivotal role in the animal feed industry. It is a key component in livestock feed due to its high nutritional value, providing essential energy, protein, and fiber to animals. The increasing global demand for meat and dairy products, driven by population growth and rising disposable incomes in developing countries, has led to a rise in the demand for animal feed, further supporting the global barley market.


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Industrial Applications


Barley also finds wide application in non-food industries, which significantly contribute to the Barley Market growth. One of the major industrial applications of barley is in the production of biofuels, particularly ethanol. Barley can be used as a feedstock for ethanol production, which is increasingly becoming a popular renewable energy source. As governments around the world push for greater adoption of biofuels as part of their efforts to reduce carbon emissions and combat climate change, the demand for barley as an ethanol feedstock is expected to grow. This, in turn, will provide an additional source of revenue for barley farmers and stakeholders within the supply chain.


The agricultural sector continues to benefit from the use of barley, particularly in crop rotation systems. Barley is often planted as a break crop in rotations with other cereals, such as wheat or maize. This practice helps to maintain soil health, improve nutrient availability, and manage pest and disease pressures, making barley an essential component in sustainable farming practices.


Barley Market Segmentation


The market can be segmented based on various factors:


Breakup by Application


  • Food
  • Seed
  • Industrial
  • Feed


Breakup by Region


  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa


Competitive Landscape


The global market boasts a competitive landscape with various players operating across the value chain, from farmers and suppliers to manufacturers and distributors. Some of the major companies contributing to the global barley market include:

  • Soufflet Group
  • Malteurop Groupe
  • GrainCorp Limited
  • Boortmalt Group
  • Cargill, Incorporated
  • Others


Challenges in the Market


Despite the growth prospects, the global barley market faces several challenges that could impact its expansion. One of the main challenges is the volatility in barley production caused by climate change. Barley cultivation is highly sensitive to weather conditions, and extreme weather events such as droughts, floods, and heatwaves can severely affect crop yields. For example, Australia, one of the major barley producers, has faced significant production disruptions due to recurring droughts. Such factors can lead to fluctuations in barley supply, which, in turn, may affect prices and availability in global markets.


Additionally, barley farmers are confronted with increasing competition from other cereal crops such as corn and wheat, which are often seen as more profitable. The shift towards biofuels and other industrial applications has also created demand for other feedstocks, potentially reducing the land area available for barley cultivation. As a result, farmers must weigh the economic viability of growing barley against other crops, which could have a bearing on the long-term supply of barley in certain regions.


Another challenge is the rising cost of production, particularly related to the cost of fertilizers, water, and labor. Barley cultivation requires a significant amount of water, and the increasing scarcity of water resources in certain regions is a growing concern for barley farmers. Moreover, the use of chemical fertilizers and pesticides to maintain crop yields may raise environmental concerns, which could lead to stricter regulations and higher operational costs.


Future Outlook


The global barley market is expected to continue its growth trajectory over the next decade, driven by the expanding demand for malt in the brewing industry, the rising popularity of barley-based food products, and the increasing applications in animal feed and biofuels. As consumers become more health-conscious, the demand for functional foods that contain barley as a key ingredient is likely to increase. Furthermore, the continued growth of the global brewing industry, coupled with innovations in barley cultivation and processing, will present significant opportunities for market participants.


The increasing focus on sustainability in both agricultural practices and industrial applications will further shape the future of the barley market. The adoption of sustainable farming techniques, such as precision agriculture and reduced chemical usage, will help mitigate the environmental impact of barley cultivation and ensure a more stable supply of the crop. Additionally, the development of barley varieties that are resistant to extreme weather conditions will help alleviate some of the risks associated with climate change.


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Written By:

George Buttler
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