Jun 26, 2020 (SUPER MARKET RESEARCH via COMTEX) -- According to a new report by EMR titled, ' Global Barley Market Report and Forecast 2020-2025 , The global barley reached a consumption volume of 149,859 thousand metric tons in 2019. The global barley market is likely to increase at a CAGR of 6.3% in the forecast period 2020-2025 to reach a volume of approximately 216,702 thousand metric tons by 2025.
The global barley market has a large consumer base in countries like the European Union, Saudi Arabia, Russia, and China. Countries including China, Iran, Libya, as well as Saudi Arabia, import significant volumes of barley from other regions. Its application as animal feed also aids its growth in many regions. Saudi Arabia and China import significant volumes to fulfil the demand for feed barley in the region. It is widely demanded in order to produce beer across all the major regions.
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Russia is among the leading producers of barley, exporting major volumes to the Middle East countries, especially Saudi Arabia. The region also exports to Iran, Jordan, and Kuwait. The European Union is the leading producer with Germany and France, producing more than 40% of the global output. Regions like Ukraine and Russia are witnessing increased domestic as well as export demand.
In December 2018, leading key players, Cargill and Axereal, announced their joint agreement plan. Under this plan, Cargill is set to sell its business to Boortmalt, which is a malt subsidiary of Axereal. This business comprises of 15 plants/facilities across various continents. In the coming years, sustainable innovations will be among the major trends governing the market growth as barley is particularly susceptible to climate change. In January 2019, AB InBev /zigman2/quotes/209225053/composite BUD -1.13% entered into a partnership with Benson Hill Biosystems to develop more sustainable and productive varieties of barley.
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Market Analysis by Application:
Food, Seed, Industrial
It finds wide application in feed and food, seed, and industrial sectors.
Market Analysis by Regions:
Middle East and Africa
The regional barley markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key findings of the report:
The global barley market is being aided by the rising demand from the Middle Eastern region, especially Saudi Arabia, Kuwait, and Jordan.
The thriving beer industry is the major driver for barley market.
The barley industry is significantly being driven by the beverage industry.
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