The global brewing ingredients market has been experiencing steady growth over the past few years, driven by factors such as increasing consumer demand for beer and other alcoholic beverages, as well as the growing popularity of craft brewing. 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.

Industry Analysis:

The brewing ingredients market is highly competitive, with a large number of players operating in the space. Some of the major players in the market include Cargill, Incorporated, DuPont de Nemours, Inc., Royal DSM N.V., and GrainCorp Malt. These companies compete based on factors such as price, quality, innovation, and brand recognition.

The market can be segmented by type of ingredient, which includes malt, hops, yeast, and others. Malt is the largest segment, accounting for the majority of the market share. Hops are also a significant segment, driven by their use in craft brewing.

Growth Opportunities:

One of the key growth opportunities in the brewing ingredients market is the increasing demand for craft beer. Craft brewing has been experiencing rapid growth in recent years, and this trend is expected to continue in the coming years. This presents opportunities for ingredient suppliers to offer high-quality, specialty ingredients to craft brewers.

Another growth opportunity is the increasing demand for low-alcohol and non-alcoholic beer. As consumers become more health-conscious and seek alternatives to traditional beer, there is a growing demand for lower-alcohol options. This presents opportunities for ingredient suppliers to develop ingredients that can be used in the production of low-alcohol and non-alcoholic beer.

Trends:

One of the major trends in the brewing ingredients market is the growing popularity of organic and sustainable ingredients. As consumers become more environmentally conscious, they are seeking products that are produced in a sustainable and environmentally friendly manner. This trend is driving demand for organic and sustainably produced brewing ingredients.

Another trend in the market is the increasing use of technology in the brewing process. This includes the use of software to monitor and control the brewing process, as well as the use of advanced equipment such as automated brewing systems. These technologies are improving efficiency and consistency in the brewing process and are expected to continue to drive innovation in the market.

Overall, the brewing ingredients market is expected to continue to experience steady growth in the coming years, driven by factors such as the increasing popularity of craft beer, the growing demand for low-alcohol and non-alcoholic beer, and the trend towards organic and sustainable ingredients.