The forecast for barley demand in the US shows a steady decline from 2024 to 2028, with values anticipated to decrease from 3.01 million metric tons in 2024 to 2.64 million metric tons in 2028. Compared to 2023, where demand stood at approximately 3.10 million metric tons, the expected year-on-year decrease is around 3%. The compound annual growth rate (CAGR) over the five-year forecast period suggests an average annual decline of about 3.3%.
Future trends to watch for include:
- Shifts in consumer preferences towards alternative grains.
- Impacts of climate change on barley yields and agricultural policies.
- Potential increases in demand from the beer and whiskey industries, as they could influence barley market dynamics.
