Brewing Ingredients Market Analysis, Size, Share, Growth, Trends And Forecast 2026

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.Various opportunities in near future, such as introduction of new flavors in the beer market and increase in demand for organic beers, will boost the demand of brewing ingredients globally.

According to the Organic Trade Association, US organic beer sales increased more than tenfold since 2003, from USD 9 million to USD 92 million in 2014. Peak Organic Brewing Co. offers organic beers of different types, such as ale and pilsner. Consumer are becoming more aware about their intake, which is resulting in an increase in demand for organic products and clean-label food & beverages with maximum use of natural raw materials and information regarding the traceability of the raw materials used. The concern for traces of pesticides has also resulted in a rise in demand for organic beer, which provide a major opportunity for brewing ingredients manufacturers.

Brewing Ingredients Market Drivers: Increasing demand for low- or zero-alcohol content beer

With changing lifestyles, there is an increase in health awareness. This awareness has created a demand for healthier products in the food & beverage industry. Due to this, the demand for beer with low-alcohol content is increasing. According to the ADM survey, in 2020, a total of 51% of consumers are looking for items that contribute to their metabolic health to promote healthy weight. Low-alcohol products are no longer considered inferior ones. On the other hand, these products are more in demand, as they offer the taste and experience of alcohol - minus the guilt. Consumers are looking for beers with high protein and other nutritious content and reduced carb, sugar, and alcohol content.

The young population, in particular, is more health aware and looking for healthy beverages that won’t sabotage their health goals and commitments. Heineken USA conducted a survey of millennials in 2020, which showed that 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.

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

Key players in this market include major players such as 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) . These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Sustainable Growth Opportunities in the Brewing Ingredients Market

The brewing ingredients market 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 the CAGR of 6.8% due to the increase in consumption of beers.

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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.

Major players in the market are mainly focusing on rapid investments in developing economies to grab a greater number of customers in the coming years. Further, the companies are also focusing on a strategic partnership with the beer manufacturers to ensure the continuous workflow of inventories.

The core strength of the key players identified in this market is their growth strategies, such as new product launches, certifications, and expansions, among others. Undertaking new product launches and expansions has enabled market players to enhance their presence in the brewing ingredients market. Some of the key strategies followed by the leaders are mentioned below:

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.

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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.

The Asia Pacific market is projected to grow at the highest CAGR during forecast period. The high growth rate is supported by various factors such as growing urbanization, increasing disposable income and increasing population in countries such as India and China.

Brewing Ingredients Market to Witness Unprecedented Growth in Coming Years

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. Various opportunities in near future such as introduction of new flavors in the beer market and increase in demand for organic beers will boost the demand of brewing ingredients market globally.

According to the Organic Trade Association, US organic beer sales increased more than tenfold since 2003, from USD 9 million to USD 92 million in 2014. Peak Organic Brewing Co. offers organic beers of different types, such as ale and pilsner. Consumer are becoming more aware about their intake which is resulting in the increasing in the demand for organic products and clean label food & beverages with maximum use of natural raw materials with information regarding the traceability of the raw materials used. The concern for traces of pesticides has also resulted in a rise in demand for organic beer, which provide a major opportunity to the brewing ingredients manufactures.

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By source, the malt extract segment is estimated to hold the largest share in the brewing ingredients market

The market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. The malt extract segment is further bifurcated into standard malt and specialty malts. Brewing-grade malt extracts are made with the highest-quality brewing malts and get additional colors and flavors from using specialty malts. This gives beer the unique character and flavor desired for the particular style brew. These malts often have a longer time in the kiln, at higher temperatures, or get roasted to add depth, complexity, and flavor to the resulting beer. Specialty malts include less in the way of sugars but have a greater influence on the color of the beer. These malts are widely used in craft beers.

By brewery size, the craft brewery is estimated to grow at a higher growth 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.

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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.

Brewing Ingredients Market to Record Steady Growth by 2026

The brewing ingredients market is projected to grow at a CAGR of 6.8% to reach USD 47.9 billion by 2026. It was estimated at USD 34.5 billion in 2021. 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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Increasing demand for low- or zero-alcohol content beer

With changing lifestyles, there is an increase in health awareness. This awareness has created a demand for healthier products in the food & beverage industry. Due to this, the demand for beer with low-alcohol content is increasing. According to the ADM survey, in 2020, a total of 51% of consumers are looking for items that contribute to their metabolic health to promote healthy weight. Low-alcohol products are no longer considered inferior ones. On the other hand, these products are more in demand, as they offer the taste and experience of alcohol - minus the guilt. Consumers are looking for beers with high protein and other nutritious content and reduced carb, sugar, and alcohol content.

Opportunity: 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 offers 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, launched 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 the sales and consumption of beer. Thus, this is anticipated to provide ample opportunities to players operating in the global market.

By source, the malt extract segment is estimated to hold the largest share in the brewing ingredients market

The market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. The malt extract segment is further bifurcated into standard malt and specialty malts. Brewing-grade malt extracts are made with the highest-quality brewing malts and get additional colors and flavors from using specialty malts. This gives beer the unique character and flavor desired for the particular style brew. These malts often have a longer time in the kiln, at higher temperatures, or get roasted to add depth, complexity, and flavor to the resulting beer. Specialty malts include less in the way of sugars but have a greater influence on the color of the beer. These malts are widely used in craft beers.

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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 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). These players in this market are focusing on increasing their presence through new product launches and expansions. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Brewing Ingredients Market Will Hit Big Revenues In Future

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026" The market for brewing ingredients is estimated at USD 34.5 Million in 2021; it is projected to grow at a CAGR of 6.8% to reach USD 47.9 Million by 2026. Asia Pacific accounted for the largest share, during the forecast period, in terms of value. The Asia Pacific economies are set to witness rapid economic growth and increase in the adoption of western lifestyles, which would fuel the consumption of beer in the next five years. Increasing disposable income and rising consumption of alcoholic beverages for recreational purposes influence the demand for these brewing ingredients in the market.

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The malt extract segment by source is projected to achieve the fastest growth in the brewing ingredients market.

The malt extract is the fastest-growing segment source type during the forecast period. Increasing use of specilaity malts is projected to boost the market of the malt extract segment. These malts often have a longer time in the kiln, at higher temperatures, or get roasted to add depth, complexity, and flavor to the resulting beer. Specialty malts include less in the way of sugars but have a greater influence on the color of the beer. These malts are widely used in craft beers.

By brewery size, the macro brewery segment is projected to account for the largest market share in the brewing ingredients market.

Macro brewery leads the global market owing to its large consumption globally. Macro brew is mass-produced beer brewed in very large quantities, due to which it is generally sold for a cheaper price than craft beer. Beers produced on a large scale in macro breweries are typically monotone in flavor and go through a standardized process of production, including filtration and pasteurization.

The dry segment by form is projected to account for the largest market share of the brewing ingredients market over the forecast period.

The dry segment is projected to account for the largest share. Increased shelf life of brewing ingredients in the dry form is projected to foster the growth of the segment. Because of the lower water content, dried malt extract tends to have a better shelf life without the darkening issues of light malt extract.

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Asia Pacific is projected to be the fastest growing market.

The Asia Pacific market is projected to grow at the highest CAGR during forecast period. The high growth rate is supported by various factors such as growing urbanization, increasing disposable income and increasing population in countries such as India and China.

Key Market Players:

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). These players in this market are focusing on increasing their presence through new product launches and expansions. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Sustainable Growth Opportunities in the Brewing Ingredients Market

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026", The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to grow at a CAGR of 6.8%, to reach USD 47.9 billion by 2026. The rise in global population and increasing disposable income in developing economies are creating new avenues for alcoholic beverages.

The brewing ingredients market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. Malt extract is further bifurcated into standard malt and specialty malt. Specialty malt is sub-segmented into crystal, roasted, dark, and others. Different types of beers are obtained by using different sources of brewing ingredients. For instance, roasted malt is used for producing the porter type of beer. The malt extract segment dominated the global market for brewing ingredients and accounted for a larger share in 2020. Beer additives accounted for the second-largest market share in terms of revenue in 2020.

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By source, the malt extract is expected to hold the largest share in the market, during the forecast period

Types of malt extracts differ depending on the grains that are used when making them. The production of malt extracts begins by grinding malt, followed by mashing under controlled conditions to produce various degrees of starch breakdown and resultant fermentability. This involves carefully controlling the pH and using multiple temperature steps during mashing. In the next step, the wort is separated from the spent grains in lauter tuns or mash filters. Both these methods produce high-quality worts and can be set up for high throughput, with as many as 10–14 brews per day. The further steps include boiling, trub removal, vacuum evaporation, and spray drying.

The macro brewery as a brewery size is expected to hold one of the largest shares in the brewing ingredients market, in terms of value, in 2021

On the basis of brewery size, the market is classified into macro brewery and craft brewery. Macro or large breweries are defined as breweries with annual beer production of ≥ 6 million barrels. The most popular macro breweries include Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), China Resources Snow Breweries Limited (China), and Carlsberg Group (Denmark). These breweries generally operate on a global scale, shipping their products to customers across the world. Anheuser-Busch owns the biggest brewery in the world. Large breweries usually have a large staff as well. These breweries employ staff to handle the brewing process, administrative staff, logistics of distribution, teams for marketing and finance, and every role imaginable required for a business to operate. Craft beers are perceived as healthier beers as they may offer help in lowering the rate of cardiovascular disease, improved bone density due to the presence of bone-developing elements such as silicon, lower the risk of joint issues such as arthritis, and increased high-density lipoprotein (HDL) levels which help lower cholesterol, and lower the instances of diabetes.

By form, the dry form will drive the demand for brewing ingredients, in terms of value, in 2021

Based on form, the market is categorized as dry and liquid. Dry brewing ingredients such as dry malt extract (DME) are produced the same way as liquid malt extract, except it goes through an additional dehydration step, which reduces the water content down to about 2%. Because of the lower water content, DME tends to have a better shelf life without the darkening issues of light malt extract. It offers more fermentable extract by weight. Thus, less of it is required to achieve the target gravity. Moreover, as a powder, DME is easier to measure in precise increments. With a digital scale, it can be measured out in fractions of an ounce. This makes DME a great choice for priming, supplementing beer recipes, and for making gravity adjustments.

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Asia Pacific is projected to dominate the majority market share, in the global brewing ingredients market, in terms of value, in 2021

On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. 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. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and rising demand for craft beers are factors consequently fueling the demand for brewing ingredients market in this sector.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the brewing ingredients market. It includes the profiles of leading companies, such as 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.

Brewing Ingredients Market Will Hit Big Revenues In Future

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026" The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to grow at a CAGR of 6.8%, to reach USD 47.9 billion by 2026. The rise in the global population and increasing disposable income in developing economies are creating new avenues for alcoholic beverages.

The brewing ingredients market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. Malt extract is further bifurcated into standard malt and specialty malt. Specialty malt is sub-segmented into crystal, roasted, dark, and others. Different types of beers are obtained by using different sources of brewing ingredients. For instance, roasted malt is used for producing the porter type of beer. The malt extract segment dominated the global market for brewing ingredients and accounted for a larger share in 2020. Beer additives accounted for the second-largest market share in terms of revenue in 2020.

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COVID-19 Impact on the global brewing ingredients Market

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. It is seen that the majority of the companies operating in the manufacturing sector (53%) expect COVID-19 to impact their operations. The grim expectations have become a reality in the sector due to the rise in oil prices and increasing demand & supply bottlenecks which results in a slowdown of expenditures and rising uncertainty in credit markets. Players across the globe in the food & beverage industry have faced a drastic decrease in the consumption of their products. Due to lockdowns in several parts of the world and restrictions on transportation of commodities, companies are also facing disrupted supply chains. The reduced agricultural production interrupting the raw material supply, lack of workers in manufacturing plants, and disturbances in the distribution system have disrupted supply chains.

Opportunity: 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 offers 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, launched 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 the sales and consumption of beer. Thus, this is anticipated to provide ample opportunities to players operating in the global market.

By brewery size, the craft brewery is estimated to grow at a higher growth 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.

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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.

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.

Key Market Players:

Key players in this market include major players such as 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) . These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Brewing Ingredients Market to Witness Unprecedented Growth in Coming Years

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026", The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to grow at a CAGR of 6.8%, to reach USD 47.9 billion by 2026. The rise in global population and increasing disposable income in developing economies are creating new avenues for alcoholic beverages.

The brewing ingredients market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. Malt extract is further bifurcated into standard malt and specialty malt. Specialty malt is sub-segmented into crystal, roasted, dark, and others. Different types of beers are obtained by using different sources of brewing ingredients. For instance, roasted malt is used for producing the porter type of beer. The malt extract segment dominated the global market for brewing ingredients and accounted for a larger share in 2020. Beer additives accounted for the second-largest market share in terms of revenue in 2020.

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By source, the malt extract is expected to hold the largest share in the market, during the forecast period

Types of malt extracts differ depending on the grains that are used when making them. The production of malt extracts begins by grinding malt, followed by mashing under controlled conditions to produce various degrees of starch breakdown and resultant fermentability. This involves carefully controlling the pH and using multiple temperature steps during mashing. In the next step, the wort is separated from the spent grains in lauter tuns or mash filters. Both these methods produce high-quality worts and can be set up for high throughput, with as many as 10–14 brews per day. The further steps include boiling, trub removal, vacuum evaporation, and spray drying.

The macro brewery as a brewery size is expected to hold one of the largest shares in the brewing ingredients market, in terms of value, in 2021

On the basis of brewery size, the market is classified into macro brewery and craft brewery. Macro or large breweries are defined as breweries with annual beer production of ≥ 6 million barrels. The most popular macro breweries include Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), China Resources Snow Breweries Limited (China), and Carlsberg Group (Denmark). These breweries generally operate on a global scale, shipping their products to customers across the world. Anheuser-Busch owns the biggest brewery in the world. Large breweries usually have a large staff as well. These breweries employ staff to handle the brewing process, administrative staff, logistics of distribution, teams for marketing and finance, and every role imaginable required for a business to operate. Craft beers are perceived as healthier beers as they may offer help in lowering the rate of cardiovascular disease, improved bone density due to the presence of bone-developing elements such as silicon, lower the risk of joint issues such as arthritis, and increased high-density lipoprotein (HDL) levels which help lower cholesterol, and lower the instances of diabetes.

By form, the dry form will drive the demand for brewing ingredients, in terms of value, in 2021

Based on form, the market is categorized as dry and liquid. Dry brewing ingredients such as dry malt extract (DME) are produced the same way as liquid malt extract, except it goes through an additional dehydration step, which reduces the water content down to about 2%. Because of the lower water content, DME tends to have a better shelf life without the darkening issues of light malt extract. It offers more fermentable extract by weight. Thus, less of it is required to achieve the target gravity. Moreover, as a powder, DME is easier to measure in precise increments. With a digital scale, it can be measured out in fractions of an ounce. This makes DME a great choice for priming, supplementing beer recipes, and for making gravity adjustments.

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Asia Pacific is projected to dominate the majority market share, in the global brewing ingredients market, in terms of value, in 2021

On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. 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. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and rising demand for craft beers are factors consequently fueling the demand for brewing ingredients market in this sector.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the brewing ingredients market. It includes the profiles of leading companies, such as 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.

Brewing Ingredients Market Projected to Garner Significant Revenues by 2026

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026" The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to grow at a CAGR of 6.8%, to reach USD 47.9 billion by 2026. The rise in global population and increasing disposable income in developing economies are creating new avenues for alcoholic beverages.

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The brewing ingredients market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. Malt extract is further bifurcated into standard malt and specialty malt. Specialty malt is sub-segmented into crystal, roasted, dark, and others. Different types of beers are obtained by using different sources of brewing ingredients. For instance, roasted malt is used for producing the porter type of beer. The malt extract segment dominated the global market for brewing ingredients and accounted for a larger share in 2020. Beer additives accounted for the second-largest market share in terms of revenue in 2020.

By source, the malt extract is expected to hold the largest share in the market, during the forecast period

Types of malt extracts differ depending on the grains that are used when making them. The production of malt extracts begins by grinding malt, followed by mashing under controlled conditions to produce various degrees of starch breakdown and resultant fermentability. This involves carefully controlling the pH and using multiple temperature steps during mashing. In the next step, the wort is separated from the spent grains in lauter tuns or mash filters. Both these methods produce high-quality worts and can be set up for high throughput, with as many as 10–14 brews per day. The further steps include boiling, trub removal, vacuum evaporation, and spray drying.

The macro brewery as a brewery size is expected to hold one of the largest shares in the brewing ingredients market, in terms of value, in 2021

On the basis of brewery size, the market is classified into macro brewery and craft brewery. Macro or large breweries are defined as breweries with annual beer production of ≥ 6 million barrels. The most popular macro breweries include Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), China Resources Snow Breweries Limited (China), and Carlsberg Group (Denmark). These breweries generally operate on a global scale, shipping their products to customers across the world. Anheuser-Busch owns the biggest brewery in the world. Large breweries usually have a large staff as well. These breweries employ staff to handle the brewing process, administrative staff, logistics of distribution, teams for marketing and finance, and every role imaginable required for a business to operate. Craft beers are perceived as healthier beers as they may offer help in lowering the rate of cardiovascular disease, improved bone density due to the presence of bone-developing elements such as silicon, lower the risk of joint issues such as arthritis, and increased high-density lipoprotein (HDL) levels which help lower cholesterol, and lower the instances of diabetes.

By form, the dry form will drive the demand for brewing ingredients, in terms of value, in 2021

Based on form, the market is categorized as dry and liquid. Dry brewing ingredients such as dry malt extract (DME) are produced the same way as liquid malt extract, except it goes through an additional dehydration step, which reduces the water content down to about 2%. Because of the lower water content, DME tends to have a better shelf life without the darkening issues of light malt extract. It offers more fermentable extract by weight. Thus, less of it is required to achieve the target gravity. Moreover, as a powder, DME is easier to measure in precise increments. With a digital scale, it can be measured out in fractions of an ounce. This makes DME a great choice for priming, supplementing beer recipes, and for making gravity adjustments.

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Asia Pacific is projected to dominate the majority market share, in the global brewing ingredients market, in terms of value, in 2021

On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. 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. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and rising demand for craft beers are factors consequently fueling the demand for brewing ingredients market in this sector.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the brewing ingredients market. It includes the profiles of leading companies, such as 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.

Brewing Ingredients Market Growth by Emerging Trends, Analysis, & Forecast to 2026

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026" The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to grow at a CAGR of 6.8%, to reach USD 47.9 billion by 2026. The rise in the global population and increasing disposable income in developing economies are creating new avenues for alcoholic beverages.

The brewing ingredients market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. Malt extract is further bifurcated into standard malt and specialty malt. Specialty malt is sub-segmented into crystal, roasted, dark, and others. Different types of beers are obtained by using different sources of brewing ingredients. For instance, roasted malt is used for producing the porter type of beer. The malt extract segment dominated the global market for brewing ingredients and accounted for a larger share in 2020. Beer additives accounted for the second-largest market share in terms of revenue in 2020.

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COVID-19 Impact on the global brewing ingredients Market

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. It is seen that the majority of the companies operating in the manufacturing sector (53%) expect COVID-19 to impact their operations. The grim expectations have become a reality in the sector due to the rise in oil prices and increasing demand & supply bottlenecks which results in a slowdown of expenditures and rising uncertainty in credit markets. Players across the globe in the food & beverage industry have faced a drastic decrease in the consumption of their products. Due to lockdowns in several parts of the world and restrictions on transportation of commodities, companies are also facing disrupted supply chains. The reduced agricultural production interrupting the raw material supply, lack of workers in manufacturing plants, and disturbances in the distribution system have disrupted supply chains.

Opportunity: 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 offers 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, launched 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 the sales and consumption of beer. Thus, this is anticipated to provide ample opportunities to players operating in the global market.

By brewery size, the craft brewery is estimated to grow at a higher growth 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.

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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.

Key Market Players:

Key players in this market include major players such as 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) . These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.