The brewing ingredients market size was valued at USD 34.5 billion in 2021 and is projected to reach USD 47.9 billion by 2026, expanding at a growth rate of 6.8% during the forecast period. The market is segmented into source, brewery size, and form. By source, the market has been segmented into malt extract, adjuncts/grains, hops, beer yeast, and beer additives. The malt extract segment is projected to dominate the source segment due to increased demand for natural ingredients and was estimated at USD 17.6 billion in 2021. It is projected to reach USD 24.9 billion in 2026. The adjuncts/grains segment is projected to grow at a CAGR of 6.8% due to the increase in consumption of beers.
Brewing Ingredients Market Opportunities: Introduction of new flavors in beer
The increase in beverage consumption has led to intense competition amongst beer brands, resulting in the introduction of new flavors and increasing beer consumption. There is a growing popularity for craft beers as it offer various flavors besides the regular flavors offered by macro breweries. The introduction of new ingredients and innovative flavors, combining salty, fruity, and tart flavors, by craft beers, has found an increasing appeal among the millennial crowd globally. Some of the macro brewers are also acting on to respond to these changing demands from consumers. For example, Heineken USA, in 2021, launched Dos Equis Lime & Salt variety pack of lager beer. Similarly, Latambarcem Brewery (India), in 2020 a new craft beer brand called Maka di that currently serves four brews: Honey Ale, Belgian Tripel, Bavarian Keller, and Belgian Blanche. The introduction of these new flavors is projected to increase sales and consumption of beer. Thus, this is anticipated to provide ample opportunities to players operating in the brewing ingredients market.
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By brewery size, the craft brewery is estimated to grow at a higher rate in the brewing ingredients market.
According to the Brewers Association, an American craft brewer is a small and independent brewer, where small breweries have an annual production of 6 million barrels of beer or less. The craft brewing industry contributed USD 82.9 billion to the US economy in 2019, with more than 580,000 employees. The average alcohol by volume (ABV) content of a craft beer is 5% to 10%, but some of the most popular craft beers have an ABV of as high as 40%. On the other hand, beer produced in bulk by macro breweries has an ABV of 4% to 6% and as little as 2%. Craft breweries offer different flavors, which allow consumers with different tastes to cater to their preferences. These factors are driving the growth of the craft brewery segment in the global market.
The increasing demand for beers in Asia-Pacific countries drives the region's growth rate at a higher pace.
The Asia Pacific region comprises two high-growth economies: India and China. The drinking preferences of the population in this region are gradually shifting toward alcoholic culture. The large, increasing population and the growing market mean that the demand for brewing ingredients is still promising. Another factor is the densely populated areas that are not completely tapped by beer manufacturing and brewing ingredient companies. Hence, beer produced in macro breweries and craft breweries still has a high-growth rate. Moreover, the increasing spending capacity of consumers has led to a surge in demand for craft beers. There has been an emergence of various craft breweries in countries such as India over the last few years.
Top Companies in the Brewing Ingredients Market
The key players in this market include Cargill, Incorporated (US), Angel Yeast Co. Ltd. (China), Boortmalt (Belgium), Malteurop Groupe (France), Rahr Corporation (US), Lallemand Inc. (Canada), Viking Malt (Sweden), Lesaffre (France), Maltexco S.A. (Chile), and Simpsons Malt (UK), among others.
Cargill, Incorporated is one of the globally leading companies involved in the production of food ingredients. The company offers products for different markets such as agriculture, animal nutrition, beauty, bio industrial, carbon solutions, food service, food & beverage, industrial, pharmaceutical, meat & poultry, transportation, and risk management. Based on application, the company has segmented its products under the food & beverage category into bakery, bev-alcoholic, beverages, confectionery, convenience foods, dairy, fruits & vegetables, infant & baby food, meat & fish, snacks & cereals, and others. The company actively operates in more than 70 countries and exports its products to customers in more than 125 countries. It is identified as a star player in the global brewing ingredients market, according to MnM analysis.
Angel Yeast Co. Ltd. is a leading producer of yeast. The company specializes in the production of yeast and yeast derivatives. It has segregated its product offerings into yeast & baking, yeast extract-savory, nutrition & health, and biotechnology. The biotechnology segment is further divided into distilled spirits & biofuels, microbial nutrition, and enzymes. The firm offers yeast through five brands: Angel, Eagle, Bakerdream, Gloripan, and Fubon. It has 10 international advanced production bases in China, Egypt, and Russia. The company is identified as a star player in the global brewing ingredients market, according to MnM analysis.
Boortmalt is a world leader in the production of top-quality barley malt. The company offers different malts under its five brands: Pauls malt, Minch malt, Les Maltiers, Belgomalt, and Badass barley malt. The firm is present in 5 continents, with 27 malting plants located in Spain, Ethiopia, the US, Canada, Argentina, Australia, the UK, France, Germany, and Hungary, among others. It supplies malt to producers of beer and whisky across the globe. The company is identified as a star player in the global brewing ingredients market, according to MnM analysis.
Key Questions Addressed by the Brewing Ingredients Market Report:
What is the current size of the global brewing ingredients market?
Which are the major key players in the brewing ingredients market?
What are some emerging trends in the brewing ingredients market?
Which region is projected to account for the largest share of the brewing ingredients market?
What is Freshly Crafted Beer Market?
Freshly crafted beer is usually made with traditional ingredients such as malted barley and sometimes made with non-traditional ingredients just to give the unique taste and flavors.
The crafted beer is widely consumed across the world made in brewery or microbrewery that produces a small quantity of beer with the specific type of ingredient or aw material providing new flavors and with different techniques.
Free Sample Report + All Related Graphs & Charts @ : https://www.advancemarketanalytics.com/sample-report/156906-global-freshly-crafted-beer-market Latest released the research study on Global Freshly Crafted Beer Market offers a detailed overview of the factors influencing the global business scope.
Freshly Crafted Beer Market research report shows the latest market insights with upcoming trends and breakdown of the products and services.
This Report also covers the emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are New Belgium Brewing Company (United States)Heineken N.V. (Netherlands),Anheuser-Busch Companies, LLC (United States),The Boston Beer Company (United States),Bell's Brewery, Inc. (United States),Deschutes Brewery (United States),Dogfish Head Brewery (United States),Stone Brewing (United States),Brooklyn Brewery (United States).
Beer is made from four basic ingredients: Barley, water, hops and yeast.
The basic idea is to extract the sugars from grains (usually barley) so that the yeast can turn it into alcohol and CO2, creating beer.
Most modern heineken 330ml bottles is brewed with hops, which add bitterness and other flavours and act as a natural preservative and stabilizing agent.
Other flavouring agents such as gruit, herbs, or fruits may be included or used instead of hops.
In commercial brewing, the natural carbonation effect is often removed during processing and replaced with forced carbonation.Source link...
