The global brewing ingredients market was valued 34.5 billion in 2021 and is projected to reach USD 47.9 billion by 2026, growing at a CAGR of 6.8% during the study period. The rise in demand for beers from all over the globe coupled with increasing consumption of craft beers will drive the market demand and growth of brewing ingredients globally.
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Key highlights the Brewing Ingredients Market:
Global Growth: The brewing ingredients market continues to expand globally, driven by the rising popularity of craft beer, increasing disposable incomes, and changing consumer preferences for unique and flavorful brews.Craft Beer Boom: The surge in craft beer production has created a strong demand for high-quality brewing ingredients. Craft brewers prioritize unique and locally-sourced ingredients, driving market growth.Malt Dominance: Malt remains a key player in brewing, as it serves as the foundation for many beer styles. The demand for specialty malts and malt alternatives like sorghum and rice is on the rise.Hop Varietals: The market is witnessing a surge in demand for diverse hop varietals, reflecting the craft beer trend. Brewers are experimenting with new hop flavors and aromas to differentiate their products.Yeast Innovations: Yeast suppliers are developing novel strains, enabling brewers to create distinctive beer profiles. Yeast plays a vital role in flavor and aroma, making it a focal point for innovation.Global Supply Chain Challenges: The brewing industry has faced disruptions in ingredient supply chains due to factors like climate change, transportation issues, and trade tensions. These challenges can impact pricing and availability.Health and Wellness: Low-alcohol and non-alcoholic beer trends are influencing ingredient choices, with a growing emphasis on ingredients that contribute to healthier beer options.
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The increasing demand for beers in the 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.
The APAC region held the largest share in the brewing ingredients market. The demand for different beers with various flavors and different ABV is driven by economic growth, drinking culture in countries such as Vietnam and South Korea, urbanization, and the rise in the purchasing power of consumers.
Top Key players in the global Brewing Ingredients Market:
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)Simpsons Malt (UK)
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