Latin America Barley Market is Anticipated to Witness High Growth Owing to Increasing Demand for Craft Beer
The Latin America barley market comprises barley and barley products such as malt, brewer's grains and barley flour. Barley is majorly cultivated as a grain crop for brewing, distilling and malt production in the region. It provides antioxidants, fiber and various vitamins and minerals. The demand for barley is increasing in the region due to rising consumption of craft beer. Craft beer is an artisanal beer made by small, independent and traditional breweries. The market for craft beer has expanded significantly in Latin America over the past few years owing to growing popularity of microbreweries. The Global Latin America Barley Market is estimated to be valued at US$ 3.44 Bn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating 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.