Barley Flakes Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Barley Flakes Market size is expected to reach $20.9 billion by 2031, rising at a market growth of 14.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,263.60 kilo tonnes, experiencing a growth of 10.3% (2020-2023).

The Conventional segment is leading the Global Barley Flakes Market by Product in 2023; thereby, achieving a market value of $15.1 billion by 2031. This segment's dominance is largely due to conventionally produced barley flakes' widespread availability and affordability. Conventional barley flakes are produced using traditional farming methods, which generally involve chemical fertilizers and pesticides to maximize yield and reduce costs. These factors contribute to the lower price point of conventional barley flakes, making them more accessible to a broader range of consumers and thus capturing a larger market share.

The Online market is expected to witness a CAGR of 14.7% during (2024 - 2031). The growth of this segment is driven by the increasing popularity of e-commerce platforms, which offer the convenience of shopping from home. Consumers are increasingly turning to online stores for their grocery needs, attracted by the wide range of products, competitive pricing, and the ease of home delivery services. The ability to read reviews and compare products online also enhances the shopping experience, leading to a significant revenue share for the online distribution channel in the barley flakes market.

Full Report: https://www.kbvresearch.com/barley-flakes-market/

The Europe region dominated the Global Barley Flakes Market by Region in 2023; thereby, achieving a market value of $7.7 billion by 2031. The North America region is expected to witness a CAGR of 13.9% during (2024 - 2031). Additionally, The Asia Pacific region would registers a CAGR of 14.7% during (2024 - 2031).

List of Key Companies Profiled

• Nestle S.A.
• King Arthur Baking Company, Inc.
• Briess Malt & Ingredients Co.
• Bob’s Red Mill Natural Foods, Inc.
• Kellogg Company
• PepsiCo, Inc. (The Quaker Oats Company)
• Nature’s Path Foods, Inc.
• Grain Millers, Inc.
• Post Holdings, Inc. (Attune Foods LLC)

Barley Flakes Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Conventional
• Organic

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Hypermarkets & Supermarkets
• Online
• Convenience Stores
• Other Distribution Channels