PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587893
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587893
Barley flakes market is estimated to be valued at USD 8.13 Bn in 2024 and is expected to reach USD 12.12 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 8.13 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.90% | 2031 Value Projection: | US$ 12.12 Bn |
Barley is one of the most widely cultivated cereals across the world. Barley flakes are flattened or rolled forms of barley kernels that have been steamed before flaking. These flakes are produced from hull-less barley kernels through steam-flaking to add convenience as a breakfast cereal. Barley flakes have a number of nutritional and health benefits. They are high in soluble and insoluble fiber to aid digestion.
Global barley flakes market is driven by the increasing health consciousness among consumers and rising demand for nutritious packaged breakfast foods. Barley flakes possess various nutritional benefits and help manage weight, diabetes, and heart health, which is augmenting their demand. However, the market growth can be restrained by the availability of numerous alternative breakfast cereal options like oats, corn, and wheat. The changing lifestyles of consumers with inclination towards convenience foods generates opportunities for barley flakes manufacturers to launch ready-to-eat versions with nuts, dried fruits, etc. Innovation in barley flake varieties like multigrain and gluten-free variants can also widen the application scope of these flakes. The flakes also contain antioxidants that fight inflammation and reduce cholesterol levels. In addition, barley flakes provide vitamins like B1, B6, folate, and minerals like selenium, manganese, and magnesium. Due to these properties, barley flakes are gaining popularity as a healthy breakfast alternative to oats flakes and rice flakes.
Key Features of the Study
This report provides in-depth analysis of the global barley flakes market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global barley flakes market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include King Arthur Flour, Shiloh Farms, Bob's Red Mill, Honeyville, Inc., Naturally Yours, Vee Green Organic Life Care Private Limited, Helsinki Mylly Oy, Briess Malt & Ingredients Co., Rude Health, and Hodmedod's British Pulses & Grains
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global barley flakes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global barley flakes market