Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Brewing Ingredients Market size was valued at USD 40.51 billion in 2024 and is likely to cross USD 94.12 billion by 2037, expanding at more than 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of brewing ingredients is estimated at USD 42.82 billion.
The major key factor driving the growth of the market include rise in the consumption of beer all over the world owing to the rise in disposable incomes and consumer preferences. In addition, increase in the millennial crowd globally who are the major consumer base of beer is boosting the market growth. Moreover, adoption of western culture and introduction of sweet & non alcoholic beer is influencing the consumers towards beer, which will result in the increased demand for brewing ingredients. Therefore, with the increasing economic development, beer is slowly becoming an after work companion for refreshment, which will further augment the market growth over the forecast period.
Brewing Ingredients Sector: Growth Drivers and Challenges
Growth Drivers
Rising Popularity of Beer
The growth in the preference for beer is rising with the growing popularity of beer among consumers. The increasing number of pubs, liquor serving cafes and clubs is accelerating the market growth as these places are a common platform for social gathering. Moreover, governments of some countries are promoting craft beer for the economic development along with the growing popularity of beer tourism. In addition, the young-adult consumers who want to manage their alcohol consumption are opting for beer, which is further driving the growth of the market.
Increase in the Consumer Spending
The market for beer ingredients includes witnessing an increase in the preference among consumers for the new product offerings. The increasing experiments in the consumption habits for new experiences as a result of rising disposable incomes is further rising the consumer spending power. Moreover, with the movement of consumer into next stage of their life, there will be an increase in spending for beer on the back of increase in the budget and incomes. Hence, these factors will boost the growth of the market over the forecast period.
Challenges
Rising Health Awareness and Government Regulations
The increasing health consciousness in consumers regarding the consumption of beer and stringent government regulations such as increased taxation and high excise duties is hampering the growth of the market. Further, high cost of premium beers and the duties levied on these costs will hinder the market growth.
Brewing Ingredients Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.7% |
|
Base Year Market Size (2024) |
USD 40.51 billion |
|
Forecast Year Market Size (2037) |
USD 94.12 billion |
|
Regional Scope |
|
Brewing Ingredients Segmentation
On the basis of function type, the brewing ingredients market is segmented into fragrance, preservatives, flavours, proteins and others, out of which, the market for flavours is estimated to account for highest market share owing to the increased demand for flavoured beers. Rising use of fruits in beer as a flavour is attracting new customers in the market and is expanding the market growth. Further, the rising preference of consumers for innovative drinking experiences is pushing them to try variety of new flavours in beer. Therefore, these factors are anticipated to drive the growth of flavour segment over the forecast period.
Our in-depth analysis of the global market includes the following segments:
|
By Product Type |
|
|
By Function Type |
|
|
By End Users |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportBrewing Ingredients Industry - Regional Synopsis
On the basis of regional analysis, the brewing ingredients market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is poised to dominate majority revenue share by 2037, due to rapid expansion of breweries along with introduction of unique beers in the region. Further, in order to meet the demand for flavoured beers, the region is incorporating new flavours in their offerings. The market in Asia Pacific is estimated to be fastest growing on the back of rising urbanization and increased purchasing power of the consumers. Additionally, presence of wide range of beers in the region with different taste and flavours is accelerating the growth of the market. Changes in consumer preferences and rise in working class individuals are further favouring the growth of the market.
Companies Dominating the Brewing Ingredients Landscape
- Anheuser-Busch Companies
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Boston Beer Company
- Heineken N.V.
- Carlsberg
- Sierra Nevada Brewing Co.
- Squatters Pub
- Dogfish Head Craft Brewery Inc.
- United Breweries Ltd
- Asahi Group Holdings Ltd
Recent Developments
-
On April 04, 2020: the Mexican brewer of Corona beer suspended production owing to the health emergency over COVID-19 pandemic. Moreover, Heineken’s Mexican operations based in Nuevo Leon would stop the production and distribution of beer, which resulted in panic buying.
Author Credits: Parul Atri
- Report ID: 2754
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
