PUBLISHER: The Business Research Company | PRODUCT CODE: 1436455
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436455
Malted barley is the preferred grain for brewers, having undergone germination and drying in the malting process. It is used in brewing, distilling, and food production.
The main types of malted barley are basic malt and special malt. Basic malt refers to barley that has been allowed to germinate and then dried for use in brewing beer, distilling whiskey, and other beverages. These are available in various forms such as flakes, pellets, granular, powder, and liquid, and are used in industries such as brewing, food, pharmaceuticals, and more.
The malted barley market research report is one of a series of new reports from The Business Research Company that provides malted barley market statistics, including malted barley industry global market size, regional shares, competitors with a malted barley market share, detailed malted barley market segments, market trends and opportunities, and any further data you may need to thrive in the malted barley industry. This malted barley market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The malted barley market size has grown steadily in recent years. It will grow from $3.73 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The expansion during the historical period can be credited to the growth of the brewing industry, the emergence of the craft beer movement, the global increase in beer consumption, developments in the whiskey and distilling industry, and the utilization of beer in various food industry applications.
The malted barley market size is expected to see steady growth in the next few years. It will grow to $4.54 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The increase expected during the forecast period is due to several factors: the increasing demand for specialty malt, the global expansion of craft distilleries, the introduction of climate-resilient barley varieties, the influence of health and wellness trends, and advancements in brewing and distilling techniques. Key trends anticipated during this period involve the digitization of supply chain management, the growth of craft beer, the adoption of sustainable farming practices, innovation in flavors, and a focus on traceability and transparency.
The increasing demand for beer is expected to drive the growth of the malted barley market in the future. Beer, an alcoholic beverage produced through the fermentation of grains such as malted barley, water, yeast, and hops, relies heavily on malted barley for its production. Malted barley provides essential enzymes needed to break down complex carbohydrates in the grain into simple sugars, which can then be fermented by yeast. For instance, in July 2022, the Alcohol and Tobacco Tax and Trade Bureau reported a global shipment of approximately 4.19 million barrels of beer in 2021, marking an 8% increase from the 3.88 million barrels shipped in 2020. Moreover, the United States alone produced 81% of the beer consumed domestically, while the remaining 19% was imported from more than 100 countries worldwide in 2021. These figures highlight the substantial demand for beer on a global scale, which is expected to drive the growth of the malted barley market moving forward.
The anticipated rise in disposable income is expected to drive the growth of the malted barley market in the future. Disposable income refers to the amount of money available to an individual or household for spending and saving after taxes. With higher disposable incomes, consumers may be more inclined to invest in higher-quality products, including premium malts. This trend can be beneficial for barley growers who produce malting barley varieties known for their superior flavor and brewing characteristics. For example, in October 2023, the Bureau of Economic Analysis reported that disposable personal income in the United States increased to $20,451.71 billion, up from $20,388.29 billion in September 2023, representing a 0.31% increase. Therefore, the expected rise in disposable income is a significant driver behind the projected growth of the malted barley market.
The malted barley market is witnessing a growing trend towards technology adoption to enhance production efficiency. Leading companies in the market are embracing new technological systems to expand their market share and maintain their competitive edge. For example, in January 2022, Malteria Oriental SA, a Uruguay-based company specializing in high-quality malt production for beer, implemented the ABB Ability System 800xA version 6.1 to bolster its production capabilities. This solution offers fully automated operations and high technological standards, allowing the company to increase its capacity. The system also captures and analyzes production data while providing centralized control for multiple production units, reducing the need for human intervention on the plant floor. Additionally, the upgraded network switches provide improved network management capabilities, enhancing cyber security.
Major players in the malted barley industry are embracing strategic partnerships to drive significant growth. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefit and success. For example, in August 2023, Voyager Craft Malt, an Australia-based artisanal malt producer, collaborated with Cryer Malt, another Australia-based supplier serving the craft and premium brewing sectors in Australia and New Zealand. This partnership aims to launch Dexter Malt, which will be made from certified sustainable Australian barley, demonstrating a shared commitment to sustainability and reflecting the increasing market preference for eco-friendly malted barley products. By joining forces, these leading maltsters not only introduce innovation but also underscore the importance of certified sustainable barley, enhancing the quality and efficiency of malted barley products while meeting the growing consumer demand for sustainable options in the malted barley market.
In September 2021, InVivo Group, a French company specializing in agricultural and food transition, acquired Soufflet Group for an undisclosed sum. This acquisition is expected to expedite InVivo Group's economic expansion and bolster its global standing in the food and agriculture transition sector. Additionally, the acquisition facilitates the acceleration of growth for both companies through the provision of innovative digital solutions, consequently impacting the growth of the French agri-food and agriculture sectors on a global scale. Soufflet Group, based in France, is a manufacturer of malted barley.
Major companies operating in the malted barley market report are Cargill Inc., COFCO International Ltd., Heineken N.V., AB InBev, Avangard-Agro, Groupe Soufflet, Dohler GmbH, IREKS GmbH, GrainCorp Malt, Malteurop Group, Simpsons Malt Ltd., Boortmalt Group, Viking Malt, Bairds Malt, Briess Malt & Ingredients Co., Rahr Corporation, United Canadian Malt Ltd., Barmalt Malting Private Limited, Muntons Malt PLC, Great Western Malting Co., Castle Malting S.A., Malting Company of Ireland, Malt Products Corporation, Crisp Malting Group Ltd., Bestmalz AG, Imperial Malt Ltd., Weyermann Malz, Maltexo, Gladfield Malt, Thomas Fawcett & Sons Ltd., The Swaen Malts, Mouterij Dingemans, Axereal, MaltEurop China, Malt Handling LLC, Shanxi Huaxiang Group Co. Ltd., Montana Specialty Mills LLC
Europe was the largest region in the malted barley market in 2023. North America is expected to be the fastest-growing region in the global malted barley market during the forecast period. The regions covered in the malted barley market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the malted barley market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The malted barley market consists of sales of winter barley, spring barley, malt flour, and malt extracts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Malted Barley Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on malted barley market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for malted barley ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The malted barley market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.