Barley Flakes Market to 2025: Global Trends, Business Strategies and Opportunities with Key Players Analysis
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.
Browse
Details of Report@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.
About Us:
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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