Roasted Barley Market to Cross US$ 21 Bn Valuation in 2029, Attributable to Rapidly Increasing Application in Alcoholic Beverages
Published On : Mar 17, 2020
Barley is a popular ingredient that is used in brewing and distilling processes. It is thus in continuously high demand in the alcoholic beverage industry. Roasted barley is primarily used to improve the texture, flavor, and taste of alcoholic beverage products. As the demand for flavored alcoholic beverages is growing across the world, the use of roasted barley malt is expected to surge over the coming years.
The global roasted barley market has witnessed substantial growth in the past few years, and this trend is expected to continue through the course of the forecast period (2019 to 2029), estimated to rise at a steady CAGR of around 4% over the forecast period.
Key Takeaways of Roasted Barley Market Study
- Application in snacks and animal feed is expected to rise considerably, owing to higher demand for highly functional ingredients in animal feed and snacking products.
- Whole barley has proved to be the most prominent segment by form, in the global roasted barley market. Growth witnessed in this segment has been spurred by the increasing use of whole roasted barley in the alcoholic beverage industry.
- The organic roasted barley segment is forecast to exhibit high growth in the global roasted barley market through 2029. However, currently, the conventional roasted barley segment dominates the market with the largest market value share.
“Manufacturers in the roasted barley market could gain extensive profits by targeting bakery and animal feed manufacturers, due to growing demand for health beneficial and nutritional ingredients in both these industries,” Furthermore, soaring demand for roasted barley in the alcoholic beverage industry is another factor that will offer increased opportunities to stakeholders in the global roasted barley market, says a PMR analyst.
Roasted Barley Market: Competitive Landscape
The roasted barley market is fragmented in nature. Key players operating in the roasted barley market space are adapting their strategies to benefit most from prevailing market trends. Leading manufacturers are adopting strategies such as geographic expansion and strengthening their supply chain with the focus on increasing production capacity. Additionally, manufacturers are aiming to cater to the rising number of health-conscious consumers to gain a competitive advantage in this space.
Explore More Valuable Insights on Global Roasted Barley Market
Persistence Market Research, in its new report, offers an impartial analysis of the global roasted barley market, presenting historical data (2014-2018) and estimation statistics for the forecast period of 2019-2029. The study offers compelling insights on the roasted barley market based on nature (organic and conventional), form (whole and flour), and end use (beverages, bakery, snacks & convenience food, animal feed, and others), across seven regions.
For additional insights on how the roasted barley market will shape up over the next decade, write to firstname.lastname@example.org
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Roasted Barley Market
Global Market Study on Roasted Barley: Rapidly Increasing Application of Flavor-enhancing Roasted Barley in Beverages
Global Market Study on Roasted Barley: Rapidly Increasing Application of Flavor-enhancing Roasted Barley in BeveragesRequest TOC