Barley Market Analysis

The malted barley market accounted for 25.25% of the revenue share in 2022, attributed to rising demand for craft beer and whiskey, in addition it contributes unique flavors, aromas, and textures to the products. It is prized for its ability to enhance the taste and quality of various beverage items, including bear, whiskey, and malted beverages.

The barley market from beverage segment is poised to grow at over 3.8% CAGR through 2032, owing to the craft beer industry which has experienced a surge in popularity, and barley plays a key role as a fundamental ingredient in beer production. Craft brewers prioritize high-quality, locally typed ingredients, including malted barley, driving increased demand within the beverage sector. This movement has contributed significantly to the expansion of barley's presence in the beverage market. In addition, innovation of non-alcoholic and low-alcohol beverages, including non-alcoholic beers, malted sodas, and functional beverages, has provided consumers with sophisticated, barley-based alternatives, driving the expansion of the beverage segment.

Russia barley market recorded around 19.5% of revenue share in 2022. Barley is a versatile grain with various applications. It can be used for human consumption in foods like bread, cereal, and beer, and it's also used in animal feed production. This diverse range of applications provides stability and potential for growth in the market. Europe, particularly countries like Ukraine, the United Kingdom, and Belgium, has a rich tradition of beer production. Barley is a key ingredient in brewing beer, and the demand for craft beers and specialty brews has been on the rise. This has driven the demand for high-quality barley varieties.