Fruit and Vegetable Processing Market Growth by Emerging Trends, Analysis, & Forecast

The report "Fruit and Vegetable Processing Market by Product Type (Fresh, Fresh-cut, Canned, Frozen, Dried & Dehydrated, Convenience), Equipment Type, Operation (Automatic, Semi-automatic), Processing Systems & Region – Global Forecast to 2027", published by MarketsandMarkets. The fruit and vegetable processing market is estimated to account for nearly USD 8.7 billion in 2022 and is projected to reach a value of nearly USD 11.8 billion by 2027, growing at a CAGR of 6.4% from 2022. . The growth of the processed fruit and vegetable market is attributed to the increasing trade of ready to eat food among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Fruit and vegetable processing helps in transforming fresh produce into processed fruits and vegetables with increased shelf life through various physical and chemical techniques. The processed fruit and vegetable is witnessing significant growth due to the increasing consumption of fruits and vegetables in developing countries such as India, China, South Africa, and Brazil, compelling manufacturers to increase production.

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An increase in consumer disposable incomes to spend on value-added fruits & vegetables, growth in consumer health awareness, and rise in the aging population have also contributed to the increase in demand for fresh produce.

By type, the vegetable segment is estimated to account for the largest share in the processed fruit and vegetable market in 2022.

On the basis of fruit and vegetables type, the vegetable segment is estimated to dominate the processed fruit and vegetables market in 2022. In recent years, China is being observed as an emerging country in the processed fruit and vegetables market due to the growing demand for healthy, organic and vegan food products.

By product type, the fresh fruit and vegetable segment is projected to be the fastest-growing segment during the forecast period in the processed fruit and vegetables market .

During the forecast period, the fresh fruit and vegetables segment is projected to grow at the highest CAGR in the processed fruit and vegetables market, in terms of value. This segment is estimated to grow due to the increasing demand for ready-to-cook produce. Thus, due to the busy consumer lifestyles, demand for convenience food, growth in health awareness, demand for fresh and fresh-cut fruits & vegetables that save preparation time, and convenient storage & longer shelf life are expected to drive the market for processed fruits & vegetables.

The Asia Pacific is estimated to dominate the processed fruit and vegetables market in 2022.

The Asia Pacific is estimated to account for the largest market share in the processed fruits & vegetables market in 2022. The fruit & vegetable processing industry in developing economies such as Asia Pacific and South American countries has developed due to factors such increasing number of working women and middle-class population, bulk production of various agricultural products, and government subsidies in countries such as India, coupled with trade liberation

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Key Players:

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the bakery processing equipment market. It includes the profiles of leading companies such as Conagra brands (US), Greencore group (Ireland), Nestle (Switzerland), Olam International (Singapore), The Kraft Heinz Company (US), Pepsico Inc. (US), AGRANA Group (Austria), Bonduelle (France), Dole Food (US), SVZ International B.V. (US), Sahyadri Farms (India), Diana Group S.A.S. (France) and Raje Agro Food (India).

Nutraceutical Excipients Market to Record Steady Growth by 2025

The Report "Nutraceutical Excipients Market by Functionality (Binders, Fillers & Diluents, Coating Agents, and Flavoring Agents), End Product (Prebiotics, Probiotics, Proteins & Amino Acids, and Vitamins), Form (Dry and Liquid), and Region - Global Forecast to 2025", The global nutraceutical excipients market size is estimated to account for about USD 3.4 billion in 2020 and projected to reach a value of nearly USD 4.9 billion by 2025, growing at a CAGR of 7.3% from 2020 to 2025. The market for nutraceutical excipients market has been growing in accordance with the rise in demand and consumption for nutraceuticals, around the globe. The consumption of dietary supplements in the form of tablets and capsules has been witnessing an upsurge in demand in recent times, owing to the growing awareness for health benefits offered by these products that helps to support the well-being of the consumers. The key driving factors of the nutraceutical excipients market include increasing consumer concerns regarding maintaining a balanced diet and growing consumer awareness about several diseases caused due to lack of intake of necessary nutrients as a result of imbalanced dietary lifestyles. Food fortification is one of the major trends, which is also fueling the nutraceutical excipients market in the functional food & beverage industry.

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By form, the dry segment is estimated to account for the largest share in the nutraceutical excipients market in 2020

The dry form of nutraceutical excipients accounted for a larger market share, as compared to the liquid form. The popularity of the dry form can be attributed to its cost-effectiveness and convenience in multiple applications. An increase in demand for dry beverage mixes with additional nutrients, including customized mixes and consumer preference for fortified beverages are fueling the growth of the dry segment in the nutraceutical excipients market.

By functionality, the binders segment is estimated to account for the largest share in the nutraceutical excipients market in 2020

Based on functionality, binders accounted for the largest market share in 2019, followed by the fillers & diluents functionality segment. Binders are increasingly being used by dietary supplement manufacturers since these excipients are formulated to act as an adhesive to “bind together” powders, granules, and other dry ingredients to impart the required mechanical strength. Binders can also help in adding volume to low-active dose tablets, resulting in producing effective tablets with appropriate actives by holding the ingredients together. In addition, some binders also act as fillers and diluents in an array of application products, namely magnesium stearate, which is widely used as food and supplement additive. Due to factors such as versatility and vital importance in gaining product efficiency, binders are gaining traction. They are witnessing a rise in consumption as an excipient in the nutraceutical industry.

The segment estimated to account for the largest share in the nutraceutical excipients market in 2020, by end-product is the probiotics segments.

Probiotics are yeast and good bacteria that are beneficial for consumers, as they enhance digestion and gut health, improve immunity, increase nutrient absorption, and lower the chances of food allergies. Probiotic products are offered in different forms, including yogurt and drinks, and supplement forms such as tablets and capsules. However, there are two main challenges to develop a probiotic formulation viable for commercial utilization. The first one is the quality of health attributes that the probiotic organisms can confer, and the second one is the stability of the formulation till the end of its shelf life. Companies are focusing on developing and offering probiotic blend products, which includes APIs (Active Pharmaceutical Ingredient), containing probiotic formulations by using different types of excipients. Among the excipients used in these blends for probiotics formulation, mannitol was found the most suitable, which helped in the enhancement of the shelf life of end-products.

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North America is estimated to dominate the nutraceutical excipients market in 2020

North America accounted for the largest market share in 2019. The nutraceutical excipients market in North America is dominating, owing to the concentration of the global players such as DuPont (US), Kerry (Ireland), Cargill (US), and Ingredion (US). The market for nutraceutical excipients here is mature, and hence, the growth is moderate compared to other regions. Other factors contributing to the growth of nutraceutical excipients in North American region include the busy lifestyle of consumers, prevalence of chronic diseases due to hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of nutritional foods, including food supplements, which has driven the demand for functional food products. In addition, the use of technological advancements and new product launches have made excipients available for a wide range of applications in the fortified food & beverage, dietary supplements, and nutraceuticals sectors, which is projected to drive the growth of the market in the region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the nutraceutical excipients market. The key players in the nutraceutical excipients market include DuPont (US), BASF SE (Germany), Kerry Group PLC (Ireland), Ingredion Plc (US), Sensient Technologies (US), Associated British Foods (UK), Roquette Freres (France), Meggle Group Wasser (Germany), Cargill Inc (US), Ashland Global Holdings Inc (US), Seppic (France), Shin-Etsu Chemical Co Ltd (Japan), Fuji Chemical Industries Co Ltd (Japan), Pharmatrans Sanaq AG (Switzerland), Pioma Chemicals (India), Gattefosse (India), W.R.Grace & Co (US), Omya (Switzerland), Grain Processing Corp (US), and Gangwal Chemicals Pvt Ltd (India). The nutraceutical excipients market also consists of key start-up players, which include IMCD (Netherlands), Hilmar Ingredients (US), Innophos Holdings Inc (US), JRS Pharma (Germany), Biogrund GmbH (Germany), Pharma Line Intl Corp (South Korea), Jigs Chemical (India), Panchamrut Chemicals (India), Azelis Chemical Ltd (Europe), and Daicel Group (Japan).

Sustainable Growth Opportunities in the Liquid Fertilizers Market

The report "Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potassium, and Micronutrients), Mode of Application (Soil, Foliar, and Fertigation), Major Compounds (CAN, UAN, MAP, DAP, and Potassium Nitrate), Crop Type, and Region - Global Forecast To 2025", The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach a value of USD 3.0 billion by 2025, growing at a CAGR of 4.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the liquid fertilizers market.

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The nitrogen segment is estimated to account for the largest market share, in terms of value, in 2020.

Nitrogen is one of the most-widely consumed nutrients among all the macro and microelements required for plant growth. It is used to build amino acids, which produces proteins, takes part in almost every biochemical reaction performed in a plant. Inadequate nitrogen (N) availability in the soil is a common problem that farmers often witness. Therefore, additional liquid nitrogen fertilization is used to eradicate this problem. Urea, ammonium nitrate, ammonium sulfate, and calcium nitrate are commonly available nutrient sources of liquid nitrogen. In addition, various combinations of nutrients are manufactured and used to provide nutrition to plants. Urea is one of the most commonly used sources of nitrogen.

The fertigation segment is projected to witness the fastest growth, in terms of value, in the liquid fertilizers market, on the basis of mode of application, from 2020 to 2025.

Fertigation is an agricultural technique, which includes water and fertilizer application through irrigation. This process provides an opportunity to maximize the yield and minimize environmental pollution. Moreover, through fertigation, a farmer can uniformly apply nutrients throughout the field, whenever required. This market is projected to grow due to the adoption of efficient irrigation systems globally. The fertigation method allows homogenous application of liquid fertilizers in adequate amount to the wetted zone in the root development, where most of the active roots are concentrated. This helps in enhancing the efficiency of liquid fertilizers.

The cereals & grains segment, on the basis of crop type, is estimated to account for the largest market share, in terms of value, in 2020.

The cereals & grains segment in the market comprises different crops, such as rice, wheat, corn, and maze. The production of cereals and grains vary across different regions, depending on the topography and climatic conditions. Hence, the type of fertilizers used for crop growth also varies. Due to this, the cereals and grains recorded the highest consumption of nitrogen-based fertilizers in North America. This segment is projected to witness an increase in the share of nearly 5%, which is contributed largely by the US and Canada, according to the FAO World Fertilizer Outlook in 2019.

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South America is projected to grow at the highest CAGR during the forecast period.

The market for liquid fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to by the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the liquid fertilizers market. It includes the profiles of leading companies such as Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (US), EuroChem Group (Switzerland), CF Industries Holdings, Inc.(US), OCP Group (Morocco), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Compass Minerals (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Foxfarm Soil and Fertilizer Company (California), Agro Bio Chemicals (India), Agzon Agro (India), BrandT (US), Nufarm (Australia), Plant Fuel Nutrients, LLC (US), Nutri-tech solutions (Australia) and Valagro SPA (Italy).

Sustainable Growth Opportunities in the Probiotic Ingredients Market

The report "Probiotic Ingredients Market by Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), Source (Bacteria and Yeast), Form (Dry and Liquid), End-User (Human and Animal), and Region - Global Forecast to 2023", is estimated at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, growing at a CAGR of 8.5% during the forecast period. The market is driven by factors such as the increasing popularity of probiotic dietary supplements and the participation of government bodies in the R&D of probiotics.

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The functional foods & beverages segment is estimated to account for the largest share, by application, in 2018

Based on application, the probiotic ingredients market is segmented into functional foods & beverages, pharmaceuticals, animal nutrition, and others, which include cosmetics and personal care. The functional foods & beverages segment is estimated to account for the largest share in 2018 as it is widely used in the manufacture of products such as cheese, yogurt, and other dairy products. The rising health concerns among consumers are driving the market for probiotics within this segment.

The bacteria segment, by source, is estimated to dominate the probiotic ingredients market in 2018

By source, the probiotic ingredients market is segmented into bacteria and yeast. The bacterial segment mainly consists of strains from the genus of Lactobacillus and Bifidobacterium. This segment is estimated to account for the largest share in the probiotic ingredients market in 2018. Although yeast is more stable and robust, bacteria strains have more health benefits and a large number of strains that are available within the bacteria. Due to these factors, bacteria strains continue to remain preferred over yeast.

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Asia Pacific is estimated to dominate the probiotic ingredients market in terms of value in 2018

Probiotics are gaining popularity in the Asia Pacific market particularly in the animal nutrition segment due to the growing concerns about their health and productivity. The application of probiotic strains is projected to increase due to the consumer demand for application in functional foods and pharmaceutical end products. India offers a huge potential in this region due to the increasing number of pharmaceutical companies involving themselves in the licensing and development of probiotic drugs. China’s growth in terms of sales is attributed to the growing application of probiotics in the infant formula business.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as Kerry (Ireland), DowDuPont (US), Chr. Hansen (Denmark), Biogaia (Sweden), Probi (Sweden), Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UAS Laboratories (US), and Biena (US).

Sustainable Growth Opportunities in the Plant Breeding and CRISPR Plants Market

The report "Plant Breeding and CRISPR Plants Market by Type (Conventional and Biotechnological [Hybrid, Molecular Breeding, GM, Genome Editing]), Trait (Herbicide Tolerance, Disease Resistance, and Yield Improvement), Application, and Region–Global Forecast to 2023" The plant breeding and CRISPR plants market is projected to reach USD 14.6 billion by 2023, from USD 7.6 billion in 2018, at a CAGR of 13.95% during the forecast period. The market is driven by factors such as the growing need for high-quality crops and increased yield, and rising application of plant biotechnology in the agriculture industry.

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Plant breeding techniques for the cereals & grains segment are projected to be widely researched during the forecast period.

Various countries have adopted molecular techniques such as marker-assisted selection (MAS) for plant breeding, due to the increasing demand for high yield from field and horticultural crop growers. Corn is a major crop that finds application in various industries across the world; biotechnological techniques such as hybrid and molecular breeding are increasingly adopted for corn by all plant genetic breeders. Also, the genetic data available for corn is higher, followed by wheat.

The higher adoption of genetically modified crops such as corn, wheat, and rice in the US, Brazil, and China (only imported for feed purpose) has been a major factor contributing to the growth of the cereals & grains segment in the plant breeding market.

The molecular breeding segment is projected to witness the fastest growth during the forecast period.

Since the cultivation of GM crops has been adopted in all regions except Europe, the genetic engineering technique is projected to exhibit a sluggish growth in the coming years due to strong regulatory control of its practice in many countries. This holds true for CRISPR technology as well. Though, the CRISPR technology in agriculture promised exponential growth while its emergence, regulations by Europe in line with genetic modification, affected the adoption rate of CRISPR gene editing tool. However, since the molecular breeding technique is based on molecular markers for trait selection, it is completely unregulated across the globe; hence, the segment has higher growth potential in comparison with all other breeding techniques.

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North America is estimated to dominate the market in 2018, while the Asia Pacific is projected to witness the fastest growth through 2023.

The increasing industrial value for corn and soybean in the US has been encouraging breeders to adopt advanced technologies for better yield, owing to which the adoption rate for crop genetics in this country has been high. Also, the limited regulatory control and high promotional support for intellectual property affairs in genetic technology have been extremely favorable toward the adoption of plant biotechnological tools in agriculture. Hence, North America dominated the global plant breeding market in 2017. On the other hand, there has been an ever-increasing demand for commercial seeds in the Asian market, in line with the improving economic conditions. Also, seed manufacturers such as Bayer, Monsanto, and Syngenta have been showing increasing interest in tapping this potential market, wherein the companies have been expanding their R&D centers across the Asia Pacific.

This report includes a study of development strategies of leading companies. The scope of this report includes a detailed study of major seed manufacturers that have in-house plant breeding facilities; these companies include players such as Bayer (Germany), Syngenta (Switzerland), DowDuPont (US), KWS SAAT (Germany), Limagrain (France), and DLF Trifolium (Denmark), and also major service providers, such as Eurofins (Luxembourg), SGS SA (Switzerland), Pacific Biosciences (US), Benson Hill Systems (US), Hudson River Biotechnology (US), Evogene (Israel), Bioconsortia (US), and Equinom (Israel).

Upcoming Growth Trends in the Pea Processed Ingredients Market

The report "Pea Processed Ingredients Market by Type (Pea protein (Isolates, Concentrates and Textured), Pea starch, Pea fiber, Pea Flour), Application (Food & Beverages), Source (Yellow split peas, chickpeas, and lentils), and Region - Global Forecast to 2026", pea processed ingredients includes pea protein, pea starch, pea flour, and pea fiber. The global pea processed ingredients market is expected to value at USD 3.1 billion in 2021 and is projected to reach nearly USD 5.0 billion by 2026, growing at a CAGR of 10.1% during the forecast period (2021-2026). Pea processed ingredients are used in different industries that include food and beverage industry, pet food industry, feed industry among others. Owing to the health benefits received from the pea ingredients has resulted in more popularity among customers across the globe.

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COVID-19 Impact on the global pea processed ingredients Market

COVID-19 had a huge impact on the food supply chain in all regions, including North America, Europe, Asia-Pacific, South America, and the rest of the world. Due to the spread of COVID-19, there has been a growing number of death cases and long-term health impacts. This has resulted in the government imposing severe lockdown regulations, impacting all aspects of the economy. Governments around the world have developed policies for responding to the various impacts caused by COVID-19 for avoiding supply chain disruptions, higher raw material prices, and severe economic fallout for employees. Europe and Asia Pacific are some of the major regions that are significantly impacted by the COVID-19 scenario. This is because of the huge number of cases recorded in the regions, especially in the countries such as Spain, Italy, France, Germany in Europe and Japan, China, and South Korea in Asia Pacific. Companies in different countries are coming up with innovative technologies that are friendly to the environment and protect the pea processed ingredients end user products from any kind of contamination with germs.

Restraint: High cost of extraction

Food & beverage manufacturers have been looking for more healthy and affordable alternatives for animal-based sources, thereby increasing investments in the plant-based ingredient market. Currently, soy ingredients has been dominating the plant-based ingredients space. Pea processed ingredients, due to its high extraction and processing costs and limited production, fails to lead the market for plant-based ingredients. Compared to pea, there is a greater consumer awareness about soy protein. Manufacturers have achieved economies of scale for soy-based ingredients due to their high production capacities and high demand. On the other hand, pea is a comparatively newer product, which, due to the availability of low-cost products, such as soy, is finding it difficult to dominate the plant-based alternative industry. Manufacturers are finding it difficult to sell standalone pure pea processed ingredients that fetch lower margins, which is leading to the sales of blends of pea processed ingredients.

By type, the pea protein segment is estimated to hold the largest share in the pea processed ingredients market.

The pea protein segment dominated the market in 2020 and is expected to display similar trend in the coming years. Pea protein in food with neutral taste extracted mostly from yellow peas and split peas and has a typical legume amino acid profile. While its amino acid profile is similar to whey protein. Peas are particularly high in arginine, lysine, and phenylalanine. Consumers concerned about current meat-producing processes and the trend of eating healthier are inclining consumers toward alternative proteins. Their well-balanced profile fulfills the essential amino acid requirements outlined by the World Health Organization for adults. It is highly used in smoothies and shakes in recent years and is also a great fit for almost any diet since it’s naturally vegan. It is also a great source of iron. It can aid muscle growth, weight loss, and heart health. Owing to it is functional properties, it is gaining popularity among consumers.

By source type, the yellow split peas segment is projected to grow at the fastest CAGR in the pea processed ingredients market until 2026.

The demand for yellow split peas is high owing to presence of high protein content and popularity among the food manufacturers. There is rising production of yellow peas over the years owing to the increasing demand of the same. For instance, according to the 2018 American Pulse Association Data, dry peas rank fourth in terms of the world production of food legumes below soybeans, peanuts, and dry beans. They have also reported that yellow peas and green peas, along with other minor classes, are the most commonly grown, with yellow peas accounting for approximately two-thirds of the US production. Yellow split peas are also regarded as high in fiber and is considered taste neutral thereby resulting to rising application of the same in the food and beverage products.

The increasing demand for plant based food products, in the North America region is driving the market growth

In North America, Canada is the largest dry pea-producing nation and also the largest exporter for the same in the world. However, the highest consumption of pea protein in the US, and Canada together drives significant manufacturing potential in terms of processing technology and availability of raw materials, due to the high growth potential of the pea processed ingredients market in North America. The use of meat and dairy substitutes from plants in burgers, nuggets, and many other foods is growing, which is driving the demand for pea ingredients, such as proteins, starch, and flours. According to a report published by Agri-Canada, for the year 2019-2020, dry pea production in Canada was estimated to rise by 30% to 4.7 million tonnes (Mt).

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The US is one of the largest consumers of pea ingredients in the world and is also expected to hold a strong industry outlook over the forecast period. There has been a growing awareness of the consumption of healthy foods in the region, which has resulted in people shifting to lactose-free and gluten-free protein products. The country has recorded the highest number of obese and overweight people in the world. According to the National Centre for Health Statistics (NCHS), about one-third of the US adults aged 20 and older were found obese in the year 2019.

Key Market Players:

The key players in this market include Emsland Group (Germany), DuPont (US), Kerry (Ireland), COSUCRA Groupe Warcoing SA (Belgium), Roquette Frères (France), Vestkorn Milling AS (Norway), Ingredion Incorporated (US), Axiom Foods, Inc (US), Felleskjøpet Rogaland Agder (Norway), AGT Food and Ingredients (Canada), Parrheim Foods (Canada), Puris Foods (US), Meelunie B.V (Netherlands) among others.

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.