Feed Barley Market
Global feed barley sales are expected to be valued at around US$ 1,232.3 million by the end of 2024. The market is projected to register a 5.6% CAGR in the forecast period from 2024 to 2034. It is anticipated to reach a market valuation of US$ 2,125.0 million by 2034.
Cereal grains like barley are mainly fed to fish, fowl, and other animals. In temperate climates, it is typically utilized as livestock feed grain.
Barley is regarded as a good source of tryptophan, lysine, cysteine, methionine, and protein. It also has an excellent metabolizable value of energy for ruminants and a high energy digestibility.
In diets containing dairy and beef, barley is crucial for generating rumen microbial yields. It is packed with nutrient feed choice that offers the vital proteins, fibers, and carbohydrates needed to promote an animal's growth and development.
Tap into Market Opportunities and Stay Ahead of Competitors - Get Your Sample Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-18798
The bulk of barley used globally is produced in Russia, with Germany, France, and Ukraine following closely behind. The United States of America, Australia, Canada, Spain, Türkiye, and the United Kingdom round out the top ten nations.
More than 75% of the world's barley production is produced in the top 10 countries, of which 85% is used for feed. Saudi Arabia is the world's largest importer of barley, importing about 29% of all barley exports.
When compared to other grains like corn or wheat, feed barley is frequently thought of as a more affordable feed item. It provides an affordable, substantial source of nutrients. Because of this, it is a desirable option for livestock farmers who want to minimize the cost of feed formulation without sacrificing animal nutrition. As a result, feed barley is widely used in the livestock sector.
Meat and dairy consumption in China has increased significantly as a result of the country's fast-expanding population. As a result, the livestock sector has grown significantly, which is anticipated to increase the demand for animal feed. Feed barley is prized for its nutritional qualities, which include high energy content and fiber, which make it a perfect component for animal feed.
Key Takeaways from the Report-
- The estimated worth of the global feed barley market is US$ 1,232.3 million in 2024.
- Russia's feed barley market is expected to hold a 40% of share in 2024.
- Germany is expected to hold a significant CAGR of 5.0% in the feed barley industry through 2034.
- Based on type, hulled barley is estimated to dominate the feed barley industry by holding a share of 98.3% in 2024.
- Based on application, livestock is expected to hold a market share of 85.6% in 2024.
“The high demand for red meat in Germany and the United Kingdom is expected to flourish feed barley sales in the estimated period. With growing awareness of the importance of sustainable meat processing methods, the demand for feed barley is set to rise,” - says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
Drive Your Growth Strategy: Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/18798
Competitive Landscape
Several companies prioritize environmentally friendly operations and product certifications in response to the increasing demand for natural and sustainable components. In addition, they aim to strengthen their position in the market and capitalize on the growing demand by prioritizing customer preferences, innovation, and quality.
For instance,
- New barley varieties, such as food barley, forage barley types, and traditional feed barleys for feed grain, were launched by Highland Specialty Grains in 2023.
- Mintec declared in August 2023 that it was getting ready to launch monthly Mintec Benchmark Prices (MBP) for Argentine feed barley. Participants in the market can provide feedback on this proposal.
Key Companies Profiled
- New Country Organics, Inc.
- Stone House Grain
- The Scoular Company
- Highland Specialty Grains
- Soufflet Group
- GrainCorp.
- Cargill, Incorporated
- ADM
- Ardent Mills
- AZMY GROUP LLC
- Other Players
Get More Valuable Insights
Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.
The global feed barley market is segmented by type (hulled barley and naked barley), application (aquaculture, livestock, and pet food), nature (organic and conventional), and region from 2024 to 2034.
Access the Complete Report Methodology Now: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18798
Feed Barley Market Outlook by Category
By Type:
- Hulled Barley
- Naked Barley
By Application:
- Aquaculture
- Fish
- Shrimp
- Shellfish
- Others
- Livestock
- Poultry
- Ruminants (Cattle, Sheep, Goats)
- Swine
- Equine
- Others
- Pet Food
- Dogs
- Cats
- Horses
By Nature:
- Organic
- Conventional
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Comments
0 comment