Barley Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 24.62 Billion |
| Market Size (2029) | USD 31.02 Billion |
| CAGR (2024 - 2029) | 4.73 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Europe |
Barley Market Analysis
The Barley Market size is estimated at USD 24.62 billion in 2024, and is expected to reach USD 31.02 billion by 2029, at a CAGR of 4.73% during the forecast period (2024-2029).
Barley, the world's fourth most vital cereal crop, sees Europe leading in global production. Major consumers include China, Saudi Arabia, Canada, and Turkey. The market is growing due to the introduction of new barley varieties. In 2023, InterGrain, a leading barley breeder, introduced 'Neo', a variety designed to enhance yields in regions with medium to high rainfall. Barley serves diverse purposes beyond its primary role as a cereal grain, such as beverage malt production, animal feed, flour, and soil additives. This versatility significantly boosts market demand. Additionally, the rising demand for barley in both alcoholic and non-alcoholic beverages is expected to drive market growth during the forecast period.
The barley market is set for significant expansion, driven by increasing demand from breweries. The growing popularity of craft beer, with craft breweries as primary malt consumers, highlights this trend. The market also benefits from the rising demand for various convenience food items. In 2022, Salalah Mills Company launched a new barley flour product, rich in minerals, vitamins, and dietary fiber, suitable for diverse baking applications. Barley also shows promise in the pharmaceutical sector, offering benefits such as treating digestive issues, including inflammatory bowel conditions.
Government initiatives in recent years have propelled advancements in the food grain sector. For instance, in 2024, the Canadian government allocated USD 5.2 million for research to help barley producers adopt climate-resilient crops. This investment supports Canadian-grown barley research and innovation, bolstering the sustainable economic growth of regions like Saskatchewan and Alberta. Thus, the wide application of barley, along with new product launches and supportive initiatives, has amplified demand, driving market growth.
Barley Market Trends
Europe Dominates Global Barley Production
Europe stands as the world's leading barley producer, contributing 59% to global production. Key European producers encompass France, Germany, Spain, Denmark, Poland, Romania, Sweden, Hungary, Ireland, Finland, and Czechia. During the study period, production in the region surged, driven by rising local and export market demands. Data from FAOSTAT indicates that European barley production climbed from 89.3 million metric tons in 2021 to 91.1 million metric tons in 2022, bolstering market growth projections.
In 2023, France, Germany, and Russia emerged as top five global exporters, as per the ITC trade map, underscoring Europe's robust barley export capabilities and its consequent large-scale production. The local production is further amplified by the surging demand for barley as animal feed. Notably, in France, per capita meat consumption saw a slight uptick from 22.2 kg in 2021 to 22.3 kg in 2022. This incremental rise in meat consumption propels cattle production, subsequently heightening the demand for barley feed and reinforcing market growth.
Additionally, initiatives aimed at boosting production are catalyzing market expansion. A case in point is the 2023 EU-backed project, Best Crop, which aims to amplify barley production and forge new value chains for barley-derived products. This collaborative endeavor brings together 18 partners from seven EU countries and the UK, including plant breeding companies, straw processing firms, and academic plant scientists. Hence, with rising industrial applications, a strong export potential, and supportive initiatives, the market is poised for growth during the forecast period.
Asia Pacific Sees Surge in Barley Imports
The Asia Pacific region stands as the world's leading importer of barley. Demand for barley is on the rise across Asia-Pacific, spurred by its diverse applications in sectors like food, beverages, and animal feed. This demand is further bolstered by the burgeoning development of barley-based beverages in the region. For example, in India, National Food and Beverages, a key FMCG importer of Japanese and Korean goods, markets Barley Tea under its brand "House," emphasizing its tea is made from a roasted barley grain infusion.
Additionally, Asia's expanding livestock population intensifies the demand for barley as animal feed. The US Department of Agriculture highlighted in 2023 that India's cattle inventory stood at around 308 million. While the global cattle count surpassed one billion, India topped the list, followed by Brazil, China, and the U.S. This growing livestock count, paired with barley's rising role in animal feed, accentuates the surging demand for barley in Asia. Notably, Feedipedia - Animal Feed Resources Information System indicates that livestock feeding accounts for roughly 85% of barley production.
Data from ITC Trademap shows that in 2023, China's barley imports jumped to nearly 11.3 million metric tons, a significant rise from 5.7 million metric tons. In another instance, data from the Observatory of Economic Complexity reveals that in 2022, India, with imports worth USD 106 million, ranked as the 25th largest barley importer globally. In a strategic move, Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) announced in October 2024 its intention to import 25,000 metric tons of feed barley by 2025. Such surging demand and proactive import strategies from various nations underscore the Asia-Pacific region's pivotal role in the barley market, suggesting robust growth during the forecast period.
Barley Market News
- June 2024: Heineken, together with Vivescia, a French cooperative, has introduced its first barley harvest. This achievement comes from a large-scale regenerative agriculture model within Vivescia's Transitions programme. The Transitions programme prioritizes outcome-based farming, aiming to improve soil health, enhance biodiversity, conserve water resources, and support the growth of farming businesses.
- August 2024: The Indian Institute of Wheat and Barley Research (IIWBR) has launched a new barley variety called DWRB-219. This variety is suitable for both irrigated and limited irrigation conditions, aiming to increase productivity in several regions, particularly in the North-Western Plains Zone (NWPZ) of India.
- January 2024: Graasi Barley Water, a key player in the health beverage market, has entered into a partnership with KeHE, a leading distributor of natural, organic, and fresh products, to expand its reach in the West Coast markets.
Barley Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Demand From Brewing Industry
4.2.2 Rising Usage in Animal Feed
4.2.3 Increasing Government support Schemes
4.3 Market Restraints
4.3.1 Fluctuations in Prices
4.3.2 Agronomical Challenges
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.1.1 United States
5.1.1.1.1 Production Analysis
5.1.1.1.2 Consumption Analysis and Market Size
5.1.1.1.3 Import Market Analysis (Volume and Value)
5.1.1.1.4 Export Market Analysis (Volume and Value)
5.1.1.1.5 Price Trend Analysis
5.1.1.2 Canada
5.1.1.2.1 Production Analysis
5.1.1.2.2 Consumption Analysis and Market Size
5.1.1.2.3 Import Market Analysis (Volume and Value)
5.1.1.2.4 Export Market Analysis (Volume and Value)
5.1.1.2.5 Price Trend Analysis
5.1.2 Europe
5.1.2.1 Germany
5.1.2.1.1 Production Analysis
5.1.2.1.2 Consumption Analysis and Market Size
5.1.2.1.3 Import Market Analysis (Volume and Value)
5.1.2.1.4 Export Market Analysis (Volume and Value)
5.1.2.1.5 Price Trend Analysis
5.1.2.2 France
5.1.2.2.1 Production Analysis
5.1.2.2.2 Consumption Analysis and Market Size
5.1.2.2.3 Import Market Analysis (Volume and Value)
5.1.2.2.4 Export Market Analysis (Volume and Value)
5.1.2.2.5 Price Trend Analysis
5.1.2.3 Russia
5.1.2.3.1 Production Analysis
5.1.2.3.2 Consumption Analysis and Market Size
5.1.2.3.3 Import Market Analysis (Volume and Value)
5.1.2.3.4 Export Market Analysis (Volume and Value)
5.1.2.3.5 Price Trend Analysis
5.1.2.4 Spain
5.1.2.4.1 Production Analysis
5.1.2.4.2 Consumption Analysis and Market Size
5.1.2.4.3 Import Market Analysis (Volume and Value)
5.1.2.4.4 Export Market Analysis (Volume and Value)
5.1.2.4.5 Price Trend Analysis
5.1.2.5 Ukraine
5.1.2.5.1 Production Analysis
5.1.2.5.2 Consumption Analysis and Market Size
5.1.2.5.3 Import Market Analysis (Volume and Value)
5.1.2.5.4 Export Market Analysis (Volume and Value)
5.1.2.5.5 Price Trend Analysis
5.1.3 Asia-Pacific
5.1.3.1 China
5.1.3.1.1 Production Analysis
5.1.3.1.2 Consumption Analysis and Market Size
5.1.3.1.3 Import Market Analysis (Volume and Value)
5.1.3.1.4 Export Market Analysis (Volume and Value)
5.1.3.1.5 Price Trend Analysis
5.1.3.2 Australia
5.1.3.2.1 Production Analysis
5.1.3.2.2 Consumption Analysis and Market Size
5.1.3.2.3 Import Market Analysis (Volume and Value)
5.1.3.2.4 Export Market Analysis (Volume and Value)
5.1.3.2.5 Price Trend Analysis
5.1.3.3 India
5.1.3.3.1 Production Analysis
5.1.3.3.2 Consumption Analysis and Market Size
5.1.3.3.3 Import Market Analysis (Volume and Value)
5.1.3.3.4 Export Market Analysis (Volume and Value)
5.1.3.3.5 Price Trend Analysis
5.1.4 South America
5.1.4.1 Argentina
5.1.4.1.1 Production Analysis
5.1.4.1.2 Consumption Analysis and Market Size
5.1.4.1.3 Import Market Analysis (Volume and Value)
5.1.4.1.4 Export Market Analysis (Volume and Value)
5.1.4.1.5 Price Trend Analysis
5.1.5 Middle East & Africa
5.1.5.1 Saudi Arabia
5.1.5.1.1 Production Analysis
5.1.5.1.2 Consumption Analysis and Market Size
5.1.5.1.3 Import Market Analysis (Volume and Value)
5.1.5.1.4 Export Market Analysis (Volume and Value)
5.1.5.1.5 Price Trend Analysis
5.1.5.2 Turkey
5.1.5.2.1 Production Analysis
5.1.5.2.2 Consumption Analysis and Market Size
5.1.5.2.3 Import Market Analysis (Volume and Value)
5.1.5.2.4 Export Market Analysis (Volume and Value)
5.1.5.2.5 Price Trend Analysis
5.1.5.3 Morocco
5.1.5.3.1 Production Analysis
5.1.5.3.2 Consumption Analysis and Market Size
5.1.5.3.3 Import Market Analysis (Volume and Value)
5.1.5.3.4 Export Market Analysis (Volume and Value)
5.1.5.3.5 Price Trend Analysis
5.1.5.4 Ethiopia
5.1.5.4.1 Production Analysis
5.1.5.4.2 Consumption Analysis and Market Size
5.1.5.4.3 Import Market Analysis (Volume and Value)
5.1.5.4.4 Export Market Analysis (Volume and Value)
5.1.5.4.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Barley Industry Segmentation
Barley is a tall plant-like grass with long, straight hairs growing from the head of each stem, or the grain from this plant, used for food and alcoholic beverages, like beer and whisky. The barley market analyzes the production (volume), consumption (value and volume), and trade in terms of import (value and volume), export (value and volume), and price trend. The market is segmented by geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers the market size and forecast in terms of value in USD and volume in metric tons for the above-mentioned segments.
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Barley Market Research FAQs
How big is the Barley Market?
The Barley Market size is expected to reach USD 24.62 billion in 2024 and grow at a CAGR of 4.73% to reach USD 31.02 billion by 2029.
What is the current Barley Market size?
In 2024, the Barley Market size is expected to reach USD 24.62 billion.
Which is the fastest growing region in Barley Market?
Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Barley Market?
In 2024, the Europe accounts for the largest market share in Barley Market.
What years does this Barley Market cover, and what was the market size in 2023?
In 2023, the Barley Market size was estimated at USD 23.46 billion. The report covers the Barley Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Barley Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Barley Industry Report
Statistics for the 2024 Barley market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Barley analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
