Market Size of Barley Industry
| 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 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 Size Summary
The barley market is poised for significant growth, driven by its status as the fourth most important cereal crop globally and its increasing demand in various sectors. Europe dominates global barley consumption, with China, Saudi Arabia, Canada, and Turkey also being major consumers. The market's expansion is largely attributed to the rising demand for barley as a key ingredient in both alcoholic and non-alcoholic beverages, as well as its growing use in convenience foods and clean label products. The European Union leads in barley production, and the demand is further bolstered by the need for breweries and the potential pharmaceutical applications of barley, which include benefits for digestive health. Government initiatives, such as those in Saudi Arabia, are also supporting barley production through financial incentives and loans, enhancing local supply and storage capabilities.
Globally, barley exports are on the rise, with Australia and France being significant exporters. The market is experiencing increased interest in whole grains and natural ingredients, which is further propelling its growth. In the Middle East, barley is a primary component of animal feed, particularly for sheep, camels, and goats. The North American barley harvest area is expanding, with Canada leading production in the region. In the United States, barley is extensively used for malt production and in various food applications, although health trends are impacting malt demand. Challenges such as declining soil fertility, pest infestations, and climate change pose risks to barley yields. However, initiatives like the European Commission's Common Agricultural Policy and Australian breeding programs aim to enhance sustainability and yield stability, supporting the market's future growth.
Barley Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Demand From Brewing Industry
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1.2.2 Rising Usage in Animal Feed
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1.2.3 Increasing Government support Schemes
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1.3 Market Restraints
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1.3.1 Fluctuations in Prices
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1.3.2 Agronomical Challenges
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.1.1 Production Analysis
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2.1.1.1.2 Consumption Analysis and Market Size
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2.1.1.1.3 Import Market Analysis (Volume and Value)
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2.1.1.1.4 Export Market Analysis (Volume and Value)
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2.1.1.1.5 Price Trend Analysis
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2.1.1.2 Canada
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2.1.1.2.1 Production Analysis
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2.1.1.2.2 Consumption Analysis and Market Size
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2.1.1.2.3 Import Market Analysis (Volume and Value)
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2.1.1.2.4 Export Market Analysis (Volume and Value)
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2.1.1.2.5 Price Trend Analysis
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2.1.2 Europe
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2.1.2.1 Germany
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2.1.2.1.1 Production Analysis
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2.1.2.1.2 Consumption Analysis and Market Size
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2.1.2.1.3 Import Market Analysis (Volume and Value)
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2.1.2.1.4 Export Market Analysis (Volume and Value)
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2.1.2.1.5 Price Trend Analysis
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2.1.2.2 France
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2.1.2.2.1 Production Analysis
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2.1.2.2.2 Consumption Analysis and Market Size
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2.1.2.2.3 Import Market Analysis (Volume and Value)
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2.1.2.2.4 Export Market Analysis (Volume and Value)
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2.1.2.2.5 Price Trend Analysis
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2.1.2.3 Russia
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2.1.2.3.1 Production Analysis
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2.1.2.3.2 Consumption Analysis and Market Size
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2.1.2.3.3 Import Market Analysis (Volume and Value)
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2.1.2.3.4 Export Market Analysis (Volume and Value)
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2.1.2.3.5 Price Trend Analysis
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2.1.2.4 Spain
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2.1.2.4.1 Production Analysis
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2.1.2.4.2 Consumption Analysis and Market Size
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2.1.2.4.3 Import Market Analysis (Volume and Value)
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2.1.2.4.4 Export Market Analysis (Volume and Value)
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2.1.2.4.5 Price Trend Analysis
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2.1.2.5 Ukraine
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2.1.2.5.1 Production Analysis
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2.1.2.5.2 Consumption Analysis and Market Size
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2.1.2.5.3 Import Market Analysis (Volume and Value)
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2.1.2.5.4 Export Market Analysis (Volume and Value)
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2.1.2.5.5 Price Trend Analysis
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2.1.3 Asia-Pacific
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2.1.3.1 China
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2.1.3.1.1 Production Analysis
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2.1.3.1.2 Consumption Analysis and Market Size
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2.1.3.1.3 Import Market Analysis (Volume and Value)
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2.1.3.1.4 Export Market Analysis (Volume and Value)
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2.1.3.1.5 Price Trend Analysis
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2.1.3.2 Australia
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2.1.3.2.1 Production Analysis
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2.1.3.2.2 Consumption Analysis and Market Size
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2.1.3.2.3 Import Market Analysis (Volume and Value)
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2.1.3.2.4 Export Market Analysis (Volume and Value)
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2.1.3.2.5 Price Trend Analysis
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2.1.3.3 India
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2.1.3.3.1 Production Analysis
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2.1.3.3.2 Consumption Analysis and Market Size
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2.1.3.3.3 Import Market Analysis (Volume and Value)
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2.1.3.3.4 Export Market Analysis (Volume and Value)
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2.1.3.3.5 Price Trend Analysis
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2.1.4 South America
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2.1.4.1 Argentina
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2.1.4.1.1 Production Analysis
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2.1.4.1.2 Consumption Analysis and Market Size
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2.1.4.1.3 Import Market Analysis (Volume and Value)
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2.1.4.1.4 Export Market Analysis (Volume and Value)
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2.1.4.1.5 Price Trend Analysis
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2.1.5 Middle East & Africa
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2.1.5.1 Saudi Arabia
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2.1.5.1.1 Production Analysis
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2.1.5.1.2 Consumption Analysis and Market Size
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2.1.5.1.3 Import Market Analysis (Volume and Value)
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2.1.5.1.4 Export Market Analysis (Volume and Value)
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2.1.5.1.5 Price Trend Analysis
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2.1.5.2 Turkey
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2.1.5.2.1 Production Analysis
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2.1.5.2.2 Consumption Analysis and Market Size
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2.1.5.2.3 Import Market Analysis (Volume and Value)
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2.1.5.2.4 Export Market Analysis (Volume and Value)
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2.1.5.2.5 Price Trend Analysis
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2.1.5.3 Morocco
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2.1.5.3.1 Production Analysis
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2.1.5.3.2 Consumption Analysis and Market Size
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2.1.5.3.3 Import Market Analysis (Volume and Value)
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2.1.5.3.4 Export Market Analysis (Volume and Value)
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2.1.5.3.5 Price Trend Analysis
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2.1.5.4 Ethiopia
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2.1.5.4.1 Production Analysis
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2.1.5.4.2 Consumption Analysis and Market Size
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2.1.5.4.3 Import Market Analysis (Volume and Value)
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2.1.5.4.4 Export Market Analysis (Volume and Value)
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2.1.5.4.5 Price Trend Analysis
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Barley Market Size 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.
