The global brewing ingredients market size is likely to attain over USD 49.1 billion by the year 2028. Besides, it is likely to project a CAGR of nearly 6.3% during the forecast years 2021-2028. Brewing is the production of beer done in a brewery by steeping a starch source in water and fermenting the resulting sweet liquid with yeast. It is done with the help of a commercial brewer or by a variety of methods. The main ingredients used in the production of beer include water and a fermentable starch source such as yeast, hops and cereal grains, most popular of which is malted barley.
The present and future brewing ingredients market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the brewing ingredients market opportunities during the forecast years. Factors such as the rise in global population and increasing disposable income in developing economies. Besides, increasing demand for low- or zero-alcohol content beer is also the key factor driving the market growth for brewing ingredients.
However, stringent regulations in the beer industry are hampering the market growth. Furthermore, the introduction of new ingredients and innovative flavors is likely to provide lucrative development opportunities for the brewing ingredients market in the forthcoming years.
The report also emphasizes several distinctiveness of the global brewing ingredients industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the brewing ingredients industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The brewing ingredients market has tough competition among the new emerging and pre-established market vendors. Besides, the brewing ingredients industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the Product Type, the market is categorized into Malt Extract, Grains, Yeasts, and Beer Additives. The Beer Additives segment is predicted to achieve the largest growth during the forecast years 2021-2028. On the other hand, the Malt Extract segment seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years.
The North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the brewing ingredients market in this region is mostly ascribed to rapid expansion of breweries along with the introduction of unique beers in the region. However, the Asia Pacific region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the drinking preferences of the population in this region, which is gradually shifting toward alcoholic culture.
The major players of the global brewing ingredients market are Cargill, Incorporated, Angel Yeast Co. Ltd., Boortmalt, Malteurop Groupe, Rahr Corporation, Lallemand Inc., Viking Malt, Lesaffre, Maltexco S.A., and Simpsons Malt. These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. Renowned companies are offering new and modern brewing ingredients software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Brewing Ingredients Market
Product Type Overview, 2019-2028 (USD Million)
- Malt Extract
- Beer Additives
Brewery Size Overview, 2019-2028 (USD Million)
- Macro Brewery
- Craft Brewery
Form Overview, 2019-2028 (USD Million)
- Dry Form
- Liquid Form
Regional Overview, 2019-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America