Brewing Ingredients Market Report, Growth Segments - Business Size with Forthcoming Developments

A comprehensive overview of the Brewing Ingredients market is recently added by UnivDatos Market Insights to its humongous database. The brewing Ingredients report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Brewing Ingredients market. Brewing Ingredients report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates Brewing Ingredients at the global and regional levels.

Market Overview

A rise in disposable income, adoption of western culture in developing nations in Asia-Pacific, the demand for high protein content in beers, availability of flavored beer are some of the key factors that are driving the demand for beers, therefore, the demand for brewing ingredients is on the rise. The total value of the beer market was USD 94.1 billion, whereas the total craft beer market was valued at USD 22.2 billion, as revealed by the Brewers Association.

Moreover, a rise in beer consumption owing to the changing lifestyle in developing countries is leading to the growth of the market. As per Kirin Beer University, the global beer consumption stood at approximately 188.79 million kiloliters in 2018, up by 0.8% from 2017, which is about 1,540,000 kiloliters, equivalent to approximately 2.4 billion 633 ml bottles. China remained the largest beer-consuming country in the world for the 16th consecutive year in 2018.

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COVID-19 Impact

The COVID-19 impact on the brewing ingredients can be seen with the rise in the prices for materials such as barley, wheat, rye, sorghum, hops, and oats. Some of the ingrediants were manufactured locally while some was imported. The emerging price of the ingredients was associated with the disruptions in the supply chain, which has increased both the raw material costs and end product transportation due to the limited availability of raw materials due to production halts and labor shortages across developing countries. However, the demand for brewing ingredients witnessed a rise after the removal of lockdown restriction as consumers have largely preferred in-home consumption amid the closure of bars, pubs, and restaurants.

Brewing Ingredients Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Source, the market is primarily bifurcated into

• Malt Extract
• Adjuncts/Grains
• Hops
• Beer Yeast
• Beer Additives

The malt extract segment dominated the source segment and gathered X% of the Brewing Ingredients Market in 2020. Moreover, the market of this segment is expected to grow at X% CAGR to reach US$ X million by the year 2027.

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By Brewery Size, the market is primarily bifurcated into

• Macro Brewery
• Craft Brewery

The macro brewery segment grabbed the major market share in 2020 dominated the brewery size type. The segment gathered X% of the Brewing Ingredients Market in 2020. Moreover, the market of this segment is expected to grow at X% CAGR to reach US$ X million by the year 2027.

By Form, the market is primarily segmented into

• Liquid
• Dry                

Based on the type of form, the dry segment accounted for the largest share and is expected to grow at X% CAGR during the forecast period 2021-2027. In 2020, the dry segment generated a revenue of US$ X million.

Brewing Ingredients Market Geographical Segmentation Includes:

• North America
• Europe
• Asia-Pacific
• Rest of the World

Based on the estimation, the Asia-Pacific region dominated Brewing Ingredients Market with almost US$ X million in revenue in 2020. The market of the region would proliferate owing to the surging end-users preference for high protein content beer.

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The major players targeting the market includes

• • Cargill Incorporated
  • Angel Yeast Co. Ltd.
  • Boortmalt
  • Malteurop Groupe
  • Rahr Corporation
  • Lallemand Inc.
  • Viking Malt
  • Lesaffre
  • Maltexco S.A.
  • Simpsons Malt

Competitive Landscape

The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in Brewing Ingredients Market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Brewing Ingredients Market?
• Which factors are influencing the Brewing Ingredients Market over the forecast period?
• What are the global challenges, threats, and risks in Brewing Ingredients Market?
• Which factors are propelling and restraining Brewing Ingredients Market?
• What are the demanding global regions of the Brewing Ingredients Market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?

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