The global barley flakes market size is expected to reach USD
8.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding
at a CAGR of 4.7% over the forecast period. Rising demand for the nutritious
breakfast cereals among health conscious consumers, particularly youth
population is expected to be a key driving factor for the barley flakes
industry growth over the forecast period. Moreover, excellent nutritional
properties, coupled with the ease of cooking associated with flakes, are
projected to prompt the product consumption among the working class population
over the next few years.
Organic flakes are expected to expand at the
fastest CAGR of 4.6% from 2019 to 2025 in terms of volume. Governments of
various developed as well as developing countries are taking initiatives to
promote the organic crop through incentive and stringent government policies.
According to a statistics (January 2019) provided by the European Commission,
12.6 million hectares of the land, which is equal to the 7% of the total
agricultural land in Europe, was used for the certified organic farming in
2017.
In addition, manufacturers are launching new
organic products in order to cater to needs of the health conscious customers.
For instances, in January 2018, Rude Health, a U.K. based cereals and drinks
manufacturer, launched organic breakfast cereal under the brand name ‘Naked
Barley Porridge’. These government initiatives as well as new product launches
are expected to expand the scope of organic product forms in the near future.
Over the past few years, the manufacturers
have been launching new products in developing countries including China and
India as a result of rising demand for nutritious on-the-go cereal meals among
health conscious customers. For instance, in December 2018, Cosmic Nutracos
Solutions Private Limitedlaunched a new product, Oats Multigrain in India under
the brand name ‘Gaia’. The product contains a mix of barley flakes, oats, and
rolled wheat, which is beneficial for weight management.
For full research report on Barley
Flakes Market visit here:
https://www.grandviewresearch.com/industry-analysis/barley-flakes-market
Further key
findings from the report suggest:
- Organic product
forms are expected to expand at the fastest CAGR of 4.6% from 2019 to 2025
in terms of volume
- Asia Pacific is
projected to expand at the fastest CAGR of 5.2% from 2019 to 2025 in terms
of revenue
- Demand in Europe was
pegged at 2.6 million tons in 2018
- Key players in
barley flakes market include Kellogg NA Co.; Nestlé, Quaker Oats Company;
King Arthur Flour Company, Inc.; Honeyville, Inc.; Cereal Food
Manufacturing Company; Vee Green Organic Life Care Private Limited; Vita
Sana Foods Private Limited; and Bob's Red Mill.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/barley-flakes-market/request/rs1
Grand
View Research has segmented the global barley flakes market on the basis of
product, distribution channel, and region:
Barley Flakes
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
- Conventional
- Organic
Barley Flakes
Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 -
2025)
- Convenience Stores
- Supermarket/Hypermarket
- Online
Barley Flakes
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- Russia
- Turkey
- Asia Pacific
- China
- India
- Central & South
America
- Middle East &
Africa
- Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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