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LATIN AMERICA BARLEY MARKET ANALYSIS

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LATIN AMERICA BARLEY MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker     Latin America Barley Market 2017–2027  Barley is one most common grains widely consumed across Americans. It             has little chewy consistency and a slightly nutty flavor that expand its             application across many dishes. It is rich in nutrients and has other health             benefits such as improve digestion, weight loss, manage cholesterol         level, and promote healthy functioning of the heart. Consumption of         barley helps in reducing hunger and promote the feeling of fullness which             ultimately contributed to the loss of weight. Furthermore, it also helps in             reducing the chances of gall stones.                                                                                    The ​Latin America barley market is projected to reach US$ 2.2 billion by             the end of 2027, in terms of revenue, growing at CAGR of 3.5% during the               forecast period (2019 to 2027).                                 

  2. Drivers  Rising demand for clean label products due to shifting preferences of           consumer towards natural and organic food is projected to foster the         market growth of barley. Manufacture in the region are focusing on         introducing clean label products by using all the natural ingredients owing           to strict government rules and regulations on the usage of food additives           are further projected to foster the market growth of barely in Latin           America.                                                                                  Easy availability of Barley in the region as it is commonly grown food in             Latin America is expected to propel the market growth of the barley over             the forecast period. Due to its various health benefits, its production is             not restricted to a particular type or grade and the range of species is             claimed to adapt in all climatic conditions. This factor makes the             cultivation of grains economical in the region. Therefore, this factor is           expected to propel the market growth over the forecast timeframe.                                                                                   Among countries, Argentina dominated the Latin America barley market       in 2018, accounting for 41.3% market share in terms of revenue, followed           by Mexico and Brazil, respectively                                           

  3.   Figure 1. Latin America Barley Market, Revenue Share (%), By Country,  2018    Market Restraints  Easy availability of substitute of barley with the same characteristic as a           shortage of these grains can be fulfilled by other types of grains such as             rice is expected to restrict the market growth of the barley. However, the             substitute for barley do not possess the same nutritional value as           compared to barley but they can be used during the shortage of barley.               This factor is expected to hinder the market growth over the forecast             period.                                                                                  Rising shortage of malt due to increasing usage of barley in breweries as             malt is an essential raw material in the production of gluten-free beer is               expected to restrict the market growth of barley in Latin America. For           instance, around 75%–78% of the total barley malt produced globally is           used by brewing industries, and hence a moderate volume remains for           other applications such as pharmaceuticals, bakery, food, and distillery         applications. This factor is expected to hamper the market growth of         barley.                                                                                         

  4. Market Opportunities  Increasing non-alcoholic drinks due to its health benefits is expected to open new           doors of opportunity. Moreover, barley is also used in the food industry as         a source of vitamin, proteins, and carbohydrate for the preparation of             salad dressing, soups, bakery products, and other cuisines. Furthermore,         barely is also used in the animal feed due to its high-nutritional value and               clean label products are projected to foster the market growth of Latin           America barley market.    usage   of   barley   in   the   production of alcoholic and                                                                                         Growing application of barley in the production of medicine for treating           blood sugar level, blood pressure and cholesterol level is expected to           propel the market growth. Moreover, it is also used to produce medicine         for diarrhea, stomach pain and inflammatory disease. Furthermore, barley           is also applied to the skin for treating skin related problem such as boil               which is also expected to raise the market growth of the barley over the               forecast period.                                                                              Figure 2. Latin America Barley – Market Opportunity Analysis    On the basis of product type, in 2018, barley malt accounted the largest               market share of 36.8% in terms of revenue, followed by whole grain             barley and barley flour, respectively. Barley malt dominated this segment           owing to the rise in demand for healthy malt based alcoholic beverages               among consumers.                                             

  5.   Figure 3. Latin America Barley Market, Revenue Share (%), By  Application, in 2018    Key Takeaways     The increasing trend of "better for you" among manufacturer is           encouraging them to launch enhanced natural ingredient based food         products is expected to fuel the market growth of the barley. For instance,             in February 2015, Döhler introduced gluten-free barely extract for bakery           products and showcased at ISM/ProSweet in 2015. Hence, this trend is         expected to augment the market growth of Latin America barley market.           Moreover, barley is also gaining traction in a food product for children           due to its high fiber content, which is also expected to propel the market                 growth.                                                                                                  Rising research programs by a scientist for improving the production of           seed varieties and to increase the production of barley is expected to fuel             market growth over the forecast period. For instance, in May 2016, The           Holetta Agricultural Research Center and International Center for       Agricultural Research in the Dry Areas (ICARDA) worked in collaboration                                                                      

  6. and launched two varieties – HB1963 and HB1964 – these varieties yield           three-times that of regular varieties.                Figure 4. Latin America Barley Market –Value Chain Analysis    Competitive Section:  Key players functioning in the Latin America barley market are Grain           crop Limited, Malteurop Group, Soufflet Group, Crisp Malting Group,         Global Malt Gmbh & Co. Kg, Ireks Gmbh, Muntons Plc, Maltexco S.A.,               Grain Millers, Inc, EverGrain, Malt Products Corporation, and Briess           Malt & Ingredients Co                                             

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