alted Barley Market to Reach $28.74 Billion by 2029, Driven by Beer and Whiskey Consumption
Report Overview:
The global malted barley market is expected to reach $28.74 billion by 2029, growing at a CAGR of 3.4% from 2023. This growth is fueled by several key factors, including:
- Rising demand for beer and whiskey: These alcoholic beverages are the primary drivers of malted barley consumption, and rising disposable incomes and changing consumer preferences are boosting their demand.
- Health benefits: Malt is increasingly recognized for its nutritional value, containing vitamins, minerals, and dietary fiber. This is leading to its use in various food and beverage applications beyond beer and whiskey.
- Growing biofuel production: Malt barley is a potential source of bioethanol, a renewable fuel, which could create new market opportunities.
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Report Scope:
This comprehensive report analyzes the global malted barley market from 2022 to 2029, focusing on:
- Market segmentation: By type (winter barley, spring barley), application (beer, whiskey, food, others), and region.
- Regional insights: Identifying North America and Europe as the leading markets, but with Asia Pacific expected to see the fastest growth.
- Competitive landscape: Highlighting key players like ADM, IREKS GmbH, and Soufflet Group.
- Market dynamics: Exploring growth drivers and challenges, such as health concerns and climate change.
Key Findings:
- Winter barley dominates the market due to its high extract potential and enzyme availability.
- Beer accounts for the largest share of malted barley consumption, but food applications are growing rapidly.
- North America holds the largest market share, but Asia Pacific is expected to witness the fastest growth due to its expanding economies and rising malt demand.
Report Benefits:
- Gain valuable insights into the current and future state of the malted barley market.
- Identify key growth opportunities and emerging trends.
- Make informed business decisions based on data-driven analysis.
- Understand the competitive landscape and key players.
Malted Barley Market, Key Players are:
• ADM
• IREKS GmbH
• Soufflet Group
• United Canadian Malt
• Malting Company of Ireland Limited.
• Axereal Croatia d.o.o
• Muntons Malt
• GrainCorp Malt
Delve into our meticulously crafted research report summary to unearth a profound understanding of our exhaustive market analysis. Discover bespoke insights designed to align seamlessly with your unique business requirements: https://www.maximizemarketresearch.com/market-report/malted-barley-market/147924/
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