Brewing Ingredients Market

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Brewing Ingredients Market (Product Type - Malt Extract, Grains, Yeasts, and Beer Additives; Function Type - Fragrance, Preservatives, Flavors, Proteins, and Others; End User - Microbreweries, Brewpubs, Contract Brewery, and Craft Brewers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : August, 2021

  • Rep Id : FB0294

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on the brewing ingredients market provides in-depth analysis of segments and sub-segments in the global as well as regional brewing ingredients market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional brewing ingredients market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global brewing ingredients market. According to the report, the global brewing ingredients market is projected to grow at a CAGR of 6.9% over the forecast period of 2021-2027.


Brewing Ingredients Market

 

Market Insight

The brewing Ingredients market was valued at USD 34.76 billion in 2020 and expected to reach USD 51.89 billion in 2027, with a CAGR of 6.9% during the forecast period. Beer is one of the oldest and most widely consumed and most complex fermented beverages in the world. Beer is brewed from cereal grains and its flavor, color, mouthfeel, and strength can vary in more ways than any other craft drink. The beer uses a greater array of ingredients in varying proportions, which creates complexities beyond the reach of distilled spirits, wine, cider, mead, and others. The brewing landscape continues to rise in the number of micro and craft breweries in the last two decades almost everywhere in the world.

 

Rising beer consumption in emerging economies is the key driving factor for the global brewing ingredients market. In the last few years, consumption of beer-related products is growing due to growing disposable income among new and middle-class consumers. These new and middle-class consumers are more mobile as compare to their old generation and willing to taste different types of edible items. Additionally, the influence of western and corporate culture is helping to grow this market in the developing economies. Furthermore, the rate of population growth has exceeded the growth in total beer volumes, quite simply because much of the growth has occurred in countries without the culture or the currency to buy beer. Conversely, stringent regulations in the beer industry are restraining market growth. The stringent taxation system for beer and other alcoholic products in numerous countries is hindering the growth of this market in developing countries. Additionally, the availability of other non-alcoholic beverages and alcoholic products is another restraint of this market. Moreover, the introduction of new flavors in beer is anticipated to provide opportunities to the market players. The spread of Covid-19 has negatively impacted the global brewing ingredients market. In Europe, after steady years where total consumption had stabilized at above 350 million hectoliters (during 2017, 2018, and 2019), the volumes in 2020 have been severely hit by the different lock-down measures across Europe. The implication of restrictions in the infected countries has been a significant loss in on-trade consumption in the hospitality sector following the closure of bars, restaurants, pubs, and cafes and the cancellation of events as a result of Covid-19 restrictions.

 

Among the regions, the European region dominates the brewing ingredients market followed by North America. The presence of a large number of beer brewing companies is the key driving factor in this region. Additionally, the increasing number of beer bars or pubs in the new areas in Europe is helping to grow this market in this region. Additionally, government supportive rules and regulation is helping to grow sustainably brewing ingredients market in Europe. In the North America region, the U.S holds the major market share in the North America brewing ingredients market. Additionally, the presence of major beer brewing companies in the USA is facilitating the growth of this market in the North America region. Asia-Pacific region is anticipated to grow at the fastest rate during the forecast period, 20121-2027.

 

Segment Covered

The report on the global brewing ingredients market covers segments such as product type, function type, and end user. On the basis of product type, the sub-markets include malt extract, grains, yeasts, and beer additives. On the basis of function type, the sub-markets include fragrance, preservatives, flavors, proteins, and others. On the basis of end user, the sub-markets include microbreweries, brewpubs, contract brewery, and craft brewers.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Boortmalt, Cargill Incorporated, Angel Yeast Co. Ltd., Malteurop Groupe, Rahr Corporation, Lallemand Inc., Viking Malt, Lesaffre, Maltexco S.A., and Simpsons Malt.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the brewing ingredients market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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