Brewing Ingredients Market Size, Share, Growth Forecast 2021-2028

 Brewing Ingredients Market

The Brewing Ingredients Market was valued around USD 33,400 million in 2020 and is expected to grow at a CAGR of 6.8% over the forecast period (2021-2028).

The factors driving the growth of Brewing Ingredients Market includes rise in the consumption of craft beer around the world, increase in the number of liquor stores and growing demand for low or zero content alcohol beer drinks. According to the report published by Bloomberg, the Global Craft Beer Market was estimated around USD 76.3 billion in 2020 and is predicted to reach USD 174.68 billion by the end of 2032, growing at a CAGR of 6.9% over the forecast period (2022-2032), which will boost the Brewing Ingredients Market size in the approaching years. Moreover, growing influence of corporate culture, rapid growth in the food and beverage industry, busy lifestyles, Government initiatives to boost the liquor sales, rising disposable incomes and rapid urbanization, are some of the additional factors supplementing the market growth. As per DailyO, the Government of Japan is planning to boost the sales of liquor, by organizing countrywide contest encouraging the young population to consume more alcoholic dirnks.

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However, the growth of Brewing Ingredients Market is hindered due to high taxes on beer and other alcoholic beverages. 

The major players operating in the market are Lallemand Inc., Viking Malt, Lesaffre, AngelYeast Co., Ltd., Cargill, Incorporated., Boortmalt, Maltexco S.A., Malteurop Groupe, Rahr Corporation. and Simpsons Malt, among others.

Based on Source, the Malt extract segment is predicted to expand at a significant CAGR over the forecast period

Malts enhances the flavor of the beer and contains less sugar and have a great influence on the color of the beer, are some of the features responsible for the segment’s growth.

Based on Form, the Dry segment is projected to grow at a remarkable CAGR during the forecast period

The Dry Malt Extracts (DME) tends to have a better shelf life owing to its low water content and offers enhanced fermentable extract by weight, are some of the factors propelling the segment’s growth.

Based on Region, the Asia-Pacific region is anticipated to hold the highest market share over the forecast period

Rise in the number of Beer Craft producers, increasing sales of macro breweries and craft breweries, expansion of the bars and restaurants, Government initiatives to promote the consumption of alcohol, growing disposable income and rapid urbanization, are some of the important factors augmenting the market growth in Asia-Pacific.

 

 

Key Developments:

• In 2021, Angel Yeast Co. Ltd. launched its green manufacturing project to extract yeasts and aims to produce 15,000 tons of yeast annually
• In April 2021, Boortmalt announced to reopen its malting facility at the Cavan, South Australia (SA), to enhance the malt production.

 

Market Segmentation

Segmentation by Source

• Malt extract
• Adjuncts/Grains
• Hops
• Beer yeast
• Beer additives

Segmentation by Form

• Dry
• Liquid

Segmentation by Brewery size

• Macro brewery
• Craft brewery

Segmentation by Region    

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

 

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