The forecast for barley consumption in the U.S. shows a gradual decline from 2024 to 2028. In 2023, barley consumption stood at 2.80 million metric tons. Year-on-year changes indicate a consistent decrease in consumption, averaging a compound annual growth rate (CAGR) of -1.31% over the five-year forecast period from 2024 to 2028.
Future trends to watch for:
- Possible shifts in domestic agriculture policies that could impact barley production and consumption.
- Changing consumer preferences towards alternative grains may continue to influence barley demand.
- Innovations in barley-based products, such as craft beers and health foods, potentially affecting market dynamics.