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 |
Major Players*Disclaimer: Major Players sorted in no particular order |
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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, growing at a CAGR of 4.73% during the forecast period (2024-2029).
- Barley is the fourth most important cereal crop in the world. Europe accounts for the majority of share in global barley consumption. China, Saudi Arabia, Canada, and Turkey are the major barley-consuming countries. An increase in the demand for barley as raw material for alcoholic and non-alcoholic beverages is anticipated to drive the market's growth over the forecast period.
- The European Union is the largest producer of barley, accounting for 34% of the global production, with 51.4 million metric ton in 2021. The barley market is anticipated to witness a surge in demand due to the growing requirement for breweries. This demand is also due to the increasing demand for several types of convenience food items, clean label trends, and emerging applications in food. Barley also has potential as a pharmaceutical product due to its many benefits. It is also used to treat digestive problems such as inflammatory bowel conditions.
- In recent years, the governments in the food grain sector have largely been making progress due to an array of programs offered. For instance, to meet local demand and develop storage reserves, the Saudi government provides financial incentives to private-sector enterprises and individuals to produce strategic crops such as barley, soybeans, and yellow corn. It also credits interest-free loans and supports the growers financially. These factors have boosted the demand for barley, thus driving the market.
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 million and volume in metric ton 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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1.3 Market Restraints
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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.
