Global Barley Category - Procurement Market Intelligence Report
About Barley Market
The key growth contributors for the global barley market is the increasing consumer spend on alcoholic beverages. The growing craft beer industry is driving the local demand for barley, especially in countries such as the US and other western countries. Craft beer is produced in non-mechanized ways by small breweries and uses approximately twice or thrice the quantity of barley compared with regular beer. The EU, Australia, and Canada are some of the largest producers and exporters of malt barley globally, whereas China and the US have high imports of malt barley.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Barley Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Barley Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global Barley Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Barley Category - Procurement Market Intelligence Report: ADM, Bunge, Louis Dreyfus Company, Cargill, and Glencore Agriculture.
Commenting on the report, an analyst from SpendEdge said: “Buyers should implement effective regional sourcing strategies. This will aid them in obtaining competitive prices from local/regional low-cost producers and leverage JIT abilities of suppliers to meet fluctuations/volatility in demand.”
According to the report, one of the key growth contributors for the global barley market is the increasing consumer spend on alcoholic beverages. Increasing urbanization in developing countries such as China, Vietnam, and India is leading to a shift in consumer preferences toward higher quality beverages, including mid-premium beer.
Further, the report states that a major procurement challenge faced by the buyers is the difficulty in predicting procurement budgets as there is significant volatility in raw material prices. Lack of buyer's knowledge on price fluctuations can be disadvantageous, and buyers may end up paying more than the market price due to contractual obligations.
ADM, Bunge, Louis Dreyfus Company, Cargill, and Glencore Agriculture.