Barley Flakes Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2025
“The global barley flakes market size was accounted for USD 6.2 billion, in 2018. It is projected to grow at a 4.7% CAGR over the forecasted period, from 2019 to 2025.”
The global barley flakes market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global barley flakes market is estimated to reach USD 8.5 billion, by 2025, and is projected to grow at a CAGR of 4.7% from 2019 to 2025, according to a new report by Million Insights. The increasing demand for the nutritional cereals in the meals & breakfast is projected to be a key factor propelling the market growth. Moreover, the growing awareness regarding the benefits of consuming product is projected to boost the product demand. The organic type flakes are projected to grow at the highest CAGR of around 4.6% over the forecasted period. Moreover, the government authorities across the globe are also supporting the organic crop production and promoting the product by creating awareness about it. According to the European Commission (EC), in 2017, around 7% of the total agricultural land in Europe has constituted to organic farming. Moreover, the manufacturers focus on new product launches in organic grains owing to high demand for organic food from consumers. For example, in 2018, Rude Health launched organic cereal-based snacks, it provides the breakfast under a brand called Naked Barley Porridge. All these key factors are anticipated to encourage consumers to look after the organic and nutritional products. The market is heavily fragmented due to the presence of leading players including King Arthur Flour Company, Inc.; Quaker Oats Company; Honeyville, Inc.; Nestlé; Shiloh Farms and Kellogg.