“The Business Research Company recently released a comprehensive report on the Global Malted Barley Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10296&type=smp
According to The Business Research Company’s, 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 growth in the historic period can be attributed to brewing industry growth, craft beer movement, globalization of beer consumption, whiskey and distilling industry, 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 growth in the forecast period can be attributed to rising popularity of specialty malt, global expansion of craft distilleries, climate-resilient barley varieties, health and wellness trends, innovation in brewing and distilling techniques. Major trends in the forecast period include digitalization in supply chain management, craft beer boom, sustainable farming practices, flavor innovation, traceability and transparency.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/malted-barley-global-market-report
Market Drivers and Trends:
The growing demand for beer is expected to propel the growth of the malted barley market going forward. Beer is an alcoholic beverage that is produced through the fermentation of grains, typically malted barley, water, yeast, and hops. Malted barley is a key ingredient in beer production as it supplies the necessary enzymes for the breakdown of the complex carbohydrates in the grain and their conversion to simple sugars, which can then be further fermented by the yeast. For instance, in July 2022, according to the Alcohol and Tobacco Tax and Trade Bureau, a US-based department of the Treasury that regulates and collects taxes on alcohol, around 4.19 million barrels of beer were shipped around the globe in 2021, an increase of 8% compared to 3.88 million barrels in 2020. In addition, the United States produced 81% of the total beer consumed domestically, while 19% was imported from over 100 countries across the globe in 2021. Therefore, the growing demand for beer is driving the growth of the malted barley market going forward.
Technology adoption for production efficiency is a key trend gaining popularity in the malted barley market. Major companies operating in the malted barley market are introducing new technology systems to increase their market share and sustain their position in the market. For instance, in January 2022, Malteria Oriental SA, a Uruguay-based company that specializes in the production of high-quality malt for beer adopted ABB Ability System 800xA version 6.1 to enhance its production capabilities. The solution provides fully automated operations and high technological standards, enabling the company to extend its capacity. The system records and analyses production data and provides centralized control for multiple production units, reducing the need for human intervention on the plant floor. The improved network switches also offer better network management capabilities, providing enhanced cyber security.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Malted Barley Market 2024 Key Insights:
• 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%.
• Global Beer Consumption Boosts Malted Barley Market Expansion
• Growing Popularity Of Technology Adoption In Malted Barley Market
• Europe was the largest region in the malted barley market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10296&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC’s consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.