27 August, 2019
RALEIGH, North Carolina, April 27, 2019 - The global supply of barley has risen at a CAGR of 3.05 percent over a period of four years, according to Beroe Inc, a procurement intelligence firm. The production of barley and malt barley is expected to witness minimum growth in the upcoming years due to the increase in consumption of soy and corn in feed and biofuel industries.
The key factors driving the growth of the barley and malt barley industry include the demand for feed barley from Middle Eastern countries and global demand for malt barley in brewing industries. Europe and Russia dominate the production of barley and malt barley at 41 percent and 19 percent respectively, along with Ukraine at 19 percent. These regions are the largest producers holding nearly 60 percent of the total market share.
Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com
The global supply of malt is expected to grow at a CAGR of 7 percent over the next three years. Large maltsters have been continuously expanding their capacity due to an increasing demand for the brewery market. Malt production units are running at more than 85 percent rates with increasing demand from the beer industry, and in-house malting capacities of large breweries have also been expanded in recent years.
The prices have been sharply falling down due to alternative feed availability such as corn and soy. A slight decline in the trade volumes was also observed due to the fact that China had an abundance of corn and it was considered as a cheaper alternative to barley for feed industries. With the global trade volumes of barley declining, there has also been a brief drop in the barley stocks globally.
The research methodology adopted for the report included:
Europe is not a large exporter of barley to other countries particularly malt barley. This is due to its high domestic demand in brewing. Unfavorable weather conditions and diseased barley crops in France and Spain have also led to a loss of feed barley production. France produces feed barley on a minor scale, which has impacted the entire production along with a few other European countries, such as Germany and Spain.
The report also includes:
Beroe is the world's leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions—leading to lower costs, greater profits and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies.
To learn more about Beroe Inc., please visit: http://www.beroeinc.com
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