Global Brewing Ingredients Market was valued at US$ XX Million in 2020 and is anticipated to reach US$ XX Million by 2027 displaying an elevated CAGR of XX% over the forecast period (2021-2027). Escalating demand for beers worldwide especially craft beers is a leading factor contributing to the market growth of the brewing ingredients. As per Brewers Association, the total value of the beer market was USD 94.1 billion in 2020. Also, the number of craft breweries in the United States increased from 4,803 in 2015 to 8,764 in 2002, revealed by the Brewers association owing to the emerging demand due to the lifestyle change, increased disposable income. Moreover, due to the rising awareness among end-users, emerging demand for healthier products in the food & beverage industry witnessed a sharp rise in recent years. Therefore, the consumers specially millennium are shifting towards alcohol-free beer and mocktails.
As per a survey by Heineken USA, 52% of respondents had increased the consumption of alcohol-free beer and mocktails. Another major factor for the increase in demand for zero-alcohol content beer is that it allows consumers to drink in moderation and regularly. The survey also shows that 42% of respondents were likely to choose an alcohol-free beer because it allows them to drink regularly.
In Europe, the government norms for the shutdown had disproportionately impacted bars and restaurants, eliminating 42% of beer hospitality sales volumes in 2020. The drop in consumption, provoked 860,000 job losses, a 25% decline in beer's overall value-added to the European economy, and a 23% decline in government tax revenues from beer, principally due to USD 8.31 billion in lost VAT receipts usually collected through beer hospitality. A further USD 4.75 billion in government revenues were lost because of the income and social security contributions usually paid by the hundreds of thousands who lost their jobs.
Cargill Incorporated, Angel Yeast Co. Ltd., Boortmalt, Malteurop Groupe, Rahr Corporation, Lallemand Inc., Viking Malt, Lesaffre, Maltexco S.A., etc., are some of the prominent players operating in the Brewing Ingredients market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
"Amongst Source, Malt Extract segment holds the major share"
Based on the Source Type, the market is fragmented into Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives. The Malt Extract segment dominated the market with a share of XX% in 2020 and is expected to maintain its dominance during the forecast period owing to the rising awareness and emerging demand for high protein content in the beers. However, the Adjuncts/Grains are expected to witness a considerable CAGR during the forecast period.
"Amongst Brewery Size, Craft Brewery segment dominated the market during the forecast period"
Based on Brewery Size, the market is mainly fragmented into Craft Brewery and Macro Brewery. In 2020, the macro brewery grabbed XX% market share. Moreover, the market of this segment is expected to proliferate with a CAGR of XX% in the forthcoming coming period of 2021-27. Howvwem the carft breweries are xepcetd to witness exhibit growth in coming years. Craft breweries offer different flavors, which allow consumers with different tastes to cater to their preferences.
"Amongst Form, Dry Form segment grabbed Major Market share in 2020"
Based on Form Type, the market is mainly fragmented into Dry and Liquid. In 2020, the dry form segment grabbed the major market share and dominated the market. The segment gathered an XX% revenue share in 2020.
"Asia-Pacific represents one of the largest markets of Brewing Ingredients market"
For a better understanding of the market dynamics of the Brewing Ingredients market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific dominated the market and generated revenue of US$ XX Million in 2020 owing to the surging adoption of western culture in developing countries. Also, a rise in disposable income is a key factor contributing to the growing market of the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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Escalating demand for beers worldwide especially craft beers is a leading factor contributing to the market growth of the brewing ingredients. As per Brewers Association, the total value of the beer market was?USD 94.1 billion?in 2020. Also, the number of craft breweries in the United States increased from 4,803 in 2015 to 8,764 in 2020, revealed by the Brewers association owing to the emerging demand due to the change in lifestyle, increased disposable income. Moreover, due to the rising awareness among end-users, emerging demand for healthier products in the food & beverage industry witnessed a sharp rise in recent years. Therefore, consumers specially millenniums are shifting towards alcohol-free beer and mocktails.
As per a survey by Heineken USA, 52% of respondents had increased the consumption of alcohol-free beer and mocktails.?Another major factor for the increase in demand for zero-alcohol content beer is that it allows consumers to drink in moderation and regularly. The survey also shows that 42% of respondents were likely to choose an alcohol-free beer because it allows them to drink regularly.
The raw materials for beer production generally include cereal (barley malt, rice, or maize), hops, water, and yeast. The malting process converts the starch in the cereal into fermentable sugar which is extracted from the malt during mashing. Extracts from the hop are used as a preservative and to add bitterness to the sugar solution. Yeast converts the sugars into alcohol during fermentation. Brewery operations require heating and cooling, cleaning agents, and packaging materials.
Based on the Source Type, the market is fragmented into Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives. The malt extract segment grabbed the XX% market share in 2020. Moreover, the market for this segment is expected to increase by XX% CAGR during 2021-27 to reach the market valuation of USD XX Mn by 2027. However, the Beer yeast segment is expected to grow remarkably in the forecast period and the segment would register the CAGR of XX% during 2021-27
Based on the Brewery Size, the market is fragmented into Macro Brewery and Craft Brewery. The Craft Brewery segment of the Global Brewing Ingredients market grabbed the major market share and dominated the market. The segment captured around XX% market share and generated USD XX Mn in 2020 and is expected to grow at a CAGR of XX% during the forthcoming years. However, the macro brewery segment would grow remarkably in the forecast period.
Brewing Ingredients solutions are being sold in different forms such as Dry form and liquid form. The dry segment generated revenue worth USD XX million in 2020 and is expected to reach USD XX million by 2027. However, the liquid segment is expected to witness an exhibit growth during the forecast period
For a better understanding of the market adoption of the Brewing Ingredients market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of APAC), and Rest of World. Asia-Pacific constitutes a major market for the brewing ingredients industry and generated revenue of USD XX Million in 2020 owing to the rising demand for zero alcohol beers and mocktails. Also, a rise in disposable income is contributing to the growing demand for beers therefore the market for brewing ingredients is emerging.
Some of the major players operating in the market are Cargill Incorporated, Boortmalt, Malteurop Groupe, Rahr Corporation, ?Lallemand Inc., Viking Malt, Lesaffre, Maltexco S.A., Simpsons Malt among others. Several M&As along with partnerships have been undertaken by these players to develop Brewing Ingredients solutions.
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Global Brewing Ingredients Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Brewing Ingredients Market
2.1.1. Main Objective of the Global Brewing Ingredients Market
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 COVID-19 IMPACT
6 GLOBAL BREWING INGREDIENTS MARKET REVENUE
7 MARKET INSIGHTS BY SOURCE
7.1. Malt Extract
7.2. Adjuncts/Grains
7.3. Hops
7.4. Beer Yeast
7.5. Beer Additives
8 MARKET INSIGHTS BREWERY SIZE
8.1. Macro Brewery
8.2. Craft Brewery
9 MARKET INSIGHTS BY FORM
9.1. Liquid
9.2. Dry
10 MARKET INSIGHTS BY REGION
10.1. North America Brewing Ingredients Market
10.1.1. The U.S
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe Brewing Ingredients Market
10.2.1. Germany
10.2.2. France
10.2.3. U.K.
10.2.4. Spain
10.2.5. Italy
10.2.6. Rest of Europe
10.3. Asia Pacific Brewing Ingredients Market
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia Pacific
10.4. Rest of the World Brewing Ingredients Market
11 BREWING INGREDIENTS MARKET DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 LEGAL & REGULATORY FRAMEWORK
13 DEMAND AND SUPPLY SIDE ANALYSIS
13.1. Demand Side Analysis
13.2. Supply Side Analysis
13.2.1. Top Product Launches
13.2.2. Top Business Partnerships
13.2.3. Top Merger & Acquisitions
14 VALUE CHAIN ANALYSIS
15 BREWING INGREDIENTS MARKET OPPORTUNITIES
16 BREWING INGREDIENTS MARKET TRENDS & INSIGHTS
17 COMPETITIVE SCENARIO
17.1. Porter's Five forces analysis
17.1.1. Bargaining power of Supplier
17.1.2. Bargaining power of Buyer
17.1.3. Industry Rivalry
17.1.4. Availability of Substitute
17.1.5. Threat of new Entrants
17.2. Competitive Landscape
17.2.1. Company Shares, By Revenue
18 COMPANY PROFILED
18.1. Angel Yeast Co. Ltd
18.1.1. Key Facts
18.1.2. Business Description
18.1.3. Key Product/Services Offerings
18.1.4. Growth Strategy
18.1.5. SWOT Analysis
18.1.6. Key Financials
18.1.6.1. Revenue Split
18.1.6.2. Financial Overview of Angel Yeast Co. Ltd
18.1.7. Recent Developments
18.1.7.1. Product Launch
18.1.7.2. Partnerships
18.1.7.3. Business Expansion and Investments
18.1.7.4. Merger and Acquisition
18.2. Cargill Incorporated
18.3. Boortmalt
18.4. Malteurop Groupe
18.5. Rahr Corporation
18.6. Lallemand Inc.
18.7. Viking Malt
18.8. Lesaffre
18.9. Maltexco S.A.
18.10. Simpsons Malt
19 DISCLAIMER
Cargill Incorporated
Angel Yeast Co. Ltd.
Boortmalt
Malteurop Groupe
Rahr Corporation
Lallemand Inc.
Viking Malt
Lesaffre
Maltexco S.A.