Brewing Ingredient Market By Form (Liquid Form And Dry Form), By Product Type (Grains, Malt Extract, Yeasts And Beer Additives) And Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Brewing Ingredient Market Valuation – 2024-2031

The Brewing Ingredient Market is experiencing increasing demand due to several key factors. The growing popularity of craft beer is increasing the need for high-quality brewing components. Craft breweries are constantly experimenting with new flavours and styles which drives up demand for specialized malts, hops, yeast, and adjuncts. Furthermore, as consumers become more health-conscious, there is an increase in demand for organic and natural brewing ingredients which is driving further market expansion by enabling the market to surpass a revenue of USD 37566.61 Million valued in 2023 and reach a valuation of around USD 64594.7 Million by 2031.

The beer world is really buzzing, especially in places like China, India, and Brazil! These growing economies are thirsty for beer, and that's creating a huge demand for all the stuff you need to make it. More beer being drunk means more raw materials are needed to keep all those new breweries going. Plus, things are getting fancy! New brewing technology and all sorts of automation and digitalization are helping brewers make better beer, more efficiently. They're always looking for ways to improve, which just keeps pushing the demand for brewing ingredients higher and higher, helping the market grow at a CAGR of 7.01% from 2024 to 2031.

Brewing Ingredient MarketDefinition/ Overview

Brewing ingredients are the raw materials used in the production of beer. Malted grains (such as barley, wheat, and rye), hops, yeast, water, and, on occasion, fruits, spices, and herbs are added. Each component is important in the brewing process since it influences the end product’s flavor, fragrance, color, and mouthfeel.

Beyond just beer and booze, the stuff we use for brewing is surprisingly versatile! Take barley, for instance. Malted or not, it's not just about sugars for fermentation; it can also make your bread and soups taste and feel way better. And hops? We know them for that bitterness and aroma in our favorite brews, but they've also got antibacterial properties useful in herbal remedies and can add a unique flavor kick to savory dishes. Then there’s yeast, the unsung hero of fermentation. Turns out, it makes your bread dough amazing and boosts that delicious umami flavor in your sauces. And let's not forget water! Often overlooked, it's the foundation for so many things – infusions, soups, stews – and totally key to balancing flavors when you're cooking. Basically, these brewing ingredients show off their adaptability everywhere, making our food and drinks even more enjoyable.

Craft beer is booming, and brewers are always looking for that next exciting flavor! That's why you're seeing more and more specialty malts, aromatic hops, and crazy-innovative yeast strains popping up. Plus, with everyone getting more health-conscious, there's a bigger demand for organic and natural brewing ingredients. Brewers are even experimenting with alternative grains like oats, spelt, and quinoa to create gluten-free and healthier beers. What's really cool is that biotechnology and genetic engineering could completely change the game! Imagine engineered yeasts and hops that give your beer specific flavors and smells, while making fermentation faster and the beer last longer.

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How Will Increasing Demand for Low- or Zero-Alcohol Content Beer Drive the Brewing Ingredient Market?

The growing demand for low- or zero-alcohol beer is expected to fuel significant expansion in the Brewing Ingredient Market. As consumers become more health-conscious and seek alternative beverage options, there is an increasing demand for non-alcoholic or low-alcohol beers that have the same flavor and sensory experience as regular beers but contain less alcohol. This trend is encouraging breweries to invest in brewing components that can produce tasty, full-bodied beers with lower alcohol levels.

To accommodate this demand, breweries are turning to brewing components like specialty malts, hops, and yeast which can enhance the flavor, fragrance, and mouthfeel of beer without considerably raising its alcohol content. Specialty malts like as caramel and roasted malts can add sweetness, color, and body to beer without raising the alcohol content, and aromatic hops can provide richness and depth of taste. Furthermore, brewers are increasingly using particular yeast strains that produce less alcohol during fermentation allowing them to develop low-alcohol beers with distinct flavor characteristics.

Looking ahead, the growing demand for low- or zero-alcohol beer is projected to stimulate more innovation in the Brewing Ingredient Market. Brewers will most certainly continue to experiment with new ingredients and brewing procedures in order to make palatable, low-alcohol beers that appeal to shifting consumer tastes. This includes the creation of new specialty malts, hops, and yeast strains specifically formulated to produce low-alcohol beers with improved flavor and aroma profiles. Overall, the rising market for low-alcohol beers provides considerable potential for breweries and brewing ingredient suppliers to capitalize on shifting consumer habits and promote industry growth.

How Will the Stringent Regulations in the Beer Industry Hamper the Brewing Ingredient Market?

Stringent beer industry rules may have a negative impact on the brewing component market in a variety of ways. One notable result of these laws is the restriction on the use of specific brewing ingredients. Regulatory organizations frequently limit the types and quantities of substances that can be used in beer production to maintain product safety and consistency. For example, rules may restrict the use of specific additions, preservatives, and flavourings in beer limiting brewers capacity to develop and experiment with new ingredients.

Stringent regulations can increase the cost and complexity of sourcing brewing ingredients. Breweries must follow a range of regulations controlling beer manufacturing, labeling, and marketing which can differ greatly by area. Breweries may need to invest in additional quality control measures and documentation to achieve compliance which will increase production costs. Furthermore, regulatory changes or upgrades may cause breweries to reformulate their beer recipes or switch ingredient suppliers increasing costs and logistical issues.

Brewing regulations, while well-intentioned, can make it tough for new breweries and ingredient folks to get started, which limits competition and fresh ideas. Juggling all those complicated and pricey rules can be a real headache, especially for smaller and mid-sized businesses, making it hard for them to grow. If there's not enough competition and new stuff happening, we might end up with fewer choices and lower quality when it comes to brewing ingredients, holding back the whole industry. So, while we need rules to keep things safe and protect consumers, we've gotta be careful they don't accidentally stifle innovation and growth in the brewing ingredients game.

Category-Wise Acumens

How Will the Better Shelf Life Drive the Dry Form Segment?

Dry Form has a longer shelf life than liquid malt extract which is expected to dominate the market throughout the forecasted period. With a water level of roughly 2%, DME is less susceptible to deterioration and darkening making it an excellent choice for brewers wanting to store brewing ingredients for extended periods of time. Brewers can maintain a steady supply of high-quality malt extract because to DME’s prolonged shelf life which eliminates the risk of spoiling or flavor and color degradation.

DME’s longer shelf life enables brewers to buy in bulk reducing the frequency of ingredient purchases and potentially cutting overall production costs. By stockpiling DME, brewers can leverage economies of scale and negotiate better pricing with vendors. Furthermore, DME’s extended shelf life allows brewers to experiment with alternative recipes and brewing procedures without fear of their ingredients expiring before they can be used encouraging innovation and creativity in the brewing process.

The powdered form of DME has practical advantages over liquid malt extract as it is easier to measure and apply in precise increments. Brewers can use a digital scale to properly measure DME in fractions of time giving them precise control over the brewing process and helping them attain the correct target gravity. DME’s ease of measurement and usage makes it a flexible component for a variety of brewing applications including priming, recipe supplementation, and gravity changes which drives demand for the dry form portion of the Brewing Ingredient Market.

Will the Interest in Craft Beer and Home Brewing Drive the Type Segment?

The growing interest in craft beer and home brewing is projected to dominate the malt extract segment. Malt extract generated from malted barley is an important ingredient in beer production providing professional and amateur brewers with a practical and user-friendly alternative to regular malted barley. Home brewers in particular value the simplicity and time-saving benefits of malt extract which eliminates the need for mashing and lautering processes allowing them to manufacture high-quality beer with little equipment and skill.

As the craft beer movement gains traction throughout the world, and consumers seek for more unusual and tasty beer options, demand for malt extract is expected to rise significantly. Craft brewers respect malt extract because of its consistent high quality and ability to improve the desired flavors and colors in the finished beer. Furthermore, the growing popularity of home brewing as a pastime and creative outlet for beer fans is driving up demand for malt extract as it is easy-to-use and dependable brewing components to experiment with various beer styles and recipes.

Furthermore, malt extract’s convenience and versatility make it a critical component of the brewing industry’s supply chain. Malt extract which caters to both professional and home brewers plays an important role in guaranteeing the availability of high-quality brewing ingredients to suit the expanding global demand for craft beer and home brewing. As consumer interest in craft beer and home brewing grows, the malt extract segment is predicted to rise steadily contributing to the overall expansion of the Brewing Ingredient Market.

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Country/Region-wise Acumens

How Will the Region’s Rich Brewing Heritage and Cultural Significance Drive the Market in Europe?

The rich brewing legacy and cultural relevance of beer drinking in Europe contribute significantly to the region’s brewing ingredient industry growth. Beer has a long and illustrious history in Europe with several countries preserving centuries-old brewing practices and renowned beer styles. Beer holds a significant cultural significance in Europe where it is frequently associated with social gatherings, festivities, and traditional festivals. This cultural affinity to beer consumption has resulted in a strong and long-term demand for high-quality brewing ingredients throughout the region.

Furthermore, Europe’s brewing legacy has created an environment of innovation and creativity in the beer business resulting in increased demand for diverse and high-quality brewing ingredients. This emphasis on quality and authenticity has resulted in increased demand for specialized malts, hops, yeast, and other brewing additives that can assist brewers in producing beers with complex flavors and aromas.

Europe’s rich brewing legacy has helped to fuel the region’s craft beer industry. Consumers are increasingly seeking out unique and artisanal beer options which is driving up demand for craft beers and specialty beverages. This rising consumer demand combined with the region’s cultural affinity for beer consumption has resulted in a robust market for brewing materials across Europe. As a result, both ingredient suppliers and breweries are investing in innovation, quality, and sustainability to suit the changing demands and tastes of European customers, accelerating the region’s Brewing Ingredient Market growth.

Will the Increasing Demand for Beers Boost the Asia Pacific Region?

The Asia Pacific region’s Brewing Ingredient Market is predicted to develop significantly due to rising demand for beers which is being driven by economic expansion, changing drinking culture, and rising purchasing power. With countries such as India and China undergoing rapid economic development and urbanization, there has been a noticeable change in drinking habits toward alcoholic beverages. This spike in beer demand is fueling the expansion of both macro and craft breweries throughout the region by increasing the need for brewing components.

The Asia Pacific region’s enormous and growing population provides considerable opportunities for breweries and brewing ingredient companies. While the beer market is already sizable, there are still densely inhabited places that beer manufacturers and brewing ingredient businesses have yet to completely penetrate. As a result, there is enormous room for growth and expansion in the region. The recent growth of numerous craft breweries in countries such as India has contributed to the rising demand for brewing materials in the Asia Pacific area.

Furthermore, the demand for distinct beers with different flavors and alcohol by volume (ABV) levels is propelling the Asia Pacific Brewing Ingredient Market forward. Consumers are increasingly looking for unique and inventive beer options such as craft brews with distinct flavors and higher alcohol content. This trend is fueled by consumer’s increased spending power and the growing popularity of craft beer culture in countries such as Vietnam and South Korea. As a result, the Asia Pacific region is expected to remain a prominent market for brewing ingredients with great development potential in the future years.

Competitive Landscape

The Brewing Ingredient Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations focus on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the Brewing Ingredient Market include

Cargill,Incorporated, Crisp Malting Group, Briess Malt & Ingredients Co., Muntons plc, Malteurop Groupe, Weyermann® Specialty Malts, Dingemans, Thomas Fawcett & Sons Ltd, Castle Malting, BSG CraftBrewing, Simpsons Malt Limited, Rahr Corporation, Great Western Malting Co., Bairds Malt Ltd., Patagonia Malt S.A. 

Latest Developments

  • In May 2021, Angel Yeast Co Ltd. intends to create a green manufacturing project for yeast extracts with an annual output of 150,000 tons.
  • In April 2021, Boortmalt reopened its malting facility in Cavan, South Australia (SA), to enhance malt production to meet the rising demand.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2018-2031

Growth Rate

CAGR of ~7.01% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Million

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • By Form
  • By Product Type
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • Cargill
  • Incorporated
  • Crisp Malting Group
  • Briess Malt & Ingredients Co.
  • Muntons plc
  • Malteurop Groupe
  • Weyermann® Specialty Malts
  • Dingemans
  • Thomas Fawcett & Sons Ltd
  • Castle Malting
  • BSG CraftBrewing
  • Simpsons Malt Limited
  • Rahr Corporation
  • Great Western Malting Co.
  • Bairds Malt Ltd.
  • Patagonia Malt S.A.
Customization

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Brewing Ingredient Market, By Category

Form

  • Liquid Form
  • Dry Form

Product Type

  • Grains
  • Malt Extract
  • Yeasts and Beer Additives

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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