The
report by Transparency Market Research (TMR), titled “Barley Market
- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024,” presents a comprehensive study of this market
considering the key market trends and growth prospects.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10736
According
to the report, the global market for barley has been mainly led by
the escalating demand for barley malt for the production of alcoholic
beverages. It further states that the soaring demand for convenience
food products has also influenced this market positively in the
recent times. Additionally, the rising trend of clean label is likely
to increase the application of barley in the food and beverage
industry, creating growth opportunities for market players in the
near future.
On
the other hand, the growing awareness regarding healthy living has
encouraged people to cut down their alcohol consumption, impacting
the demand for barley malt. As a result, the overall demand for
barley is being hampered. Apart from this, the market is also being
hindered by the declining barley yield due to depletion of arable
land, infestation of pests and weeds, and the drastic changes in the
climate, notes the study.
Broadly,
the study has analyzed the worldwide market for barley on the basis
of its regional spread, grade, product type, application, and
cultivation. North America, Latin America, Eastern Europe, Western
Europe, Japan, Asia Pacific excluding Japan, and the Middle East and
Africa have been identified as the key regional markets for barley in
this research report.
Among
these, Asia Pacific led the overall market with Australia emerging as
the key producer of barley across the world and China as its prime
trading partner. Apart from China, Australia also exports huge
volumes of barley to Japan, Saudi Arabia, Kuwait, and the UAE.
Based
on grade, the report has segmented the market into feed grade, food
grade, and malt grade. By product type, the market has been
classified into hulless barley,
covered barley, two-row barley, and six-row barley.
On
the basis of cultivation, the market has been categorized into
organic and inorganic. Application-wise, animal feed, food and
beverages, pharmaceuticals, and nutraceuticals have been identified
as the key segments of this market in the research study.
The
research report has also presented an analysis of the competitive
landscape of the global market for barley by profiling companies in
order to determine the prevalent market hierarchy. Grain Crop Ltd.,
Crisp Malting Group, Malteurop Group, Ireks GmbH, Axereal Group,
Cargill Inc., Global Malt GmbH & Co. KG, Muntons Plc., and
Soufflet Group are the key companies functional in this market,
reports the study.
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