Barley is a multipurpose cereal grain with a nutty flavour. Barley has a similar appearance to wheat berries, but is slightly lighter in colour. Barley is naturally high in maltose when sprouted. This sugar is used as a malt foundation as well as a syrup sweetener. When barley is fermented, it can be used to make beer and a variety of other alcoholic beverages. Barley contains many of the same beneficial vitamins and minerals as other whole grains. Carbohydrates, vitamin C, fatty acids, and proteins are all abundant in it. As a result, it can be used in a variety of food applications. Beverages, distilleries, the pharmaceutical business, and the food industry all use barley. The beer business is the largest consumer of barley, resulting in its widespread production.
MARKET SCOPE
The "Global Barley Market Analysis to 2028" is a specialized and in-depth study of the food & beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the barley market with detailed market segmentation by grade, category, application, and geography. The report provides key statistics on the market status of the leading barley market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of grade, the market is segmented into food grade and non-food grade.
- On the basis of category, the market is segmented into organic and conventional.
- On the basis of application, the market is segmented into food & beverage, animal feed, pharmaceutical & nutraceutical, and personal care.
MARKET DYNAMICS
Drivers:
- The continued use of barley malt in producing alcoholic beverages is one of the primary factors driving the market growth
- Rising application of barley in baked goods is also a key factor bosltering the growth of barley market across the globe.
- Moreover, emerging demand from pharmaceutical & nutraceutical and personal care industries is also expevcted to propel the market growth over the forecast period.
Restraints:
- However, due to rising health consciousness, customers are reducing their intake of alcohol and spirits, which has a direct impact on the worldwide barley market size.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The barley market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the barley market in these regions.
IMPACT OF COVID-19 ON BARLEY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the barley market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from barley market are anticipated to lucrative growth opportunities in the future with the rising demand for barley in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the barley market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Grain Millers, Inc.
- Cargill, Incorporated
- GrainCorp
- COFCO International
- Richardson Milling (UK) Ltd.
- Syngenta
- Axereal
- Briess Industries, Inc.
- Rahr Corporation
- Crisp Malt
- MALTEUROP
- IREKS GmbH
- Muntons plc
- Soufflet Group
- GETREIDE AG
- Bairds Malt Limited
- Interquell GmbH
- Proximity Malt
- Pure Malt Products Ltd.
- Barrett Burston Malting