Global Brewing
Market Report
2024
The Global Brewing market size was USD 35.2 billion in 2022. Brewing Industry's Compound Annual Growth Rate will be 7.20% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Brewing market size was USD 35.2 billion in 2022. Brewing Industry's Compound Annual Growth Rate will be 7.20% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Brewing Market Sales Revenue 2022 | $ 35.2 Billion |
Global Brewing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Market Split by Source |
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Market Split by Brewery Size |
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Market Split by Form |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Brewing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Brewing is the process of producing alcoholic beverages, primarily beer, through the fermentation of various ingredients, typically including water, malted barley or other grains, hops, and yeast. The brewing process involves combining these ingredients in specific proportions, followed by controlled fermentation, which converts the sugars in the malted grains into alcohol and carbon dioxide, resulting in the final beer product. The rise of the brewing market is driven by a combination of consumer preferences for variety and quality, a focus on local and artisanal products, and the spirit of innovation and collaboration. The brewing industry's ability to adapt to changing trends and cater to evolving consumer demands has positioned it as a dynamic and growing sector within the broader beverage landscape.
For instance, in August 2023, the Brewers Association (BA), the trade group for small and independent American craft brewers, announced the findings of its midyear poll, providing insight into the sector's status and signaling confidence for the remainder of the year. The industry is leveling out after years of expansion followed by two years of a unique market because COVID-19 and the midyear 2023 survey findings are comparable to 2022 yearly patterns.
Growing Consumer Interest in Craft and Specialty Beers helps in the Growth of the Market
Over the past few decades, there has been a shift in consumer preferences from mass-produced, generic beers to more diverse and flavorful options. This shift has fueled the rise of the craft beer movement and contributed to the growth of the brewing market. Consumers are increasingly seeking unique and innovative flavor profiles in their beverages. Craft breweries often experiment with various ingredients, such as hops, malts, fruits, spices, and even unconventional additives, to create distinctive and exciting beer offerings. Consumers are drawn to the artisanal and locally crafted nature of craft beers. These beers often have a strong sense of place, as they may incorporate locally sourced ingredients and reflect the regional brewing traditions.
Over the past several years, there has been an upsurge in the demand for traditional beer, especially craft beer. On average, small breweries produce 6 million barrels or fewer of beer yearly. The necessity for pricey items for consumption and the rising income of its users are two of the most significant elements in the rising demand. Craft beer is more expensive than conventional beer, increasing demand for greater variety and quality goods among high incomes.
Regulatory challenges and compliance requirements can hinder the growth and expansion of breweries, especially smaller and newer ones. The need to allocate resources for understanding, interpreting, and adhering to various regulations can divert time and funds from other business activities. Moreover, these challenges can impact innovation, product development, and market entry for breweries seeking to enter new regions or markets. Addressing regulatory challenges often requires legal expertise, resources, and ongoing diligence to ensure that breweries remain compliant with evolving laws and policies, which can sometimes hinder market growth and expansion.
Restrictions on movement, lockdowns, and border closures disrupted supply chains for brewing ingredients, packaging materials, and equipment. This led to challenges in sourcing raw materials and maintaining production levels. Many countries implemented lockdowns and restrictions on public gatherings, closing bars, restaurants, and taprooms. This led to a sharp decline in on-premises consumption and revenue loss for breweries heavily reliant on these channels. With the closure of on-premises venues, there was a shift in consumer behavior towards off-premises consumption, including purchasing beer from liquor stores and online platforms. Breweries adapted by focusing on packaged products for retail distribution.
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These key participants in the market are concentrating on expanding their footprint through partnerships, joint ventures, mergers, and acquisitions. These businesses are well-established in North America, Asia-Pacific, and Europe. Additionally, they have production facilities and extensive distribution networks in these areas.
December 2022: The first phase of the company's 15,000-ton yeast manufacturing line project was formally produced when the yeast product of the Angel subsidiary in Pu'er City was officially launched, and the product quality inspection was qualified. Angel subsidiary in Pu'er City devoted close attention to controlling the construction progress, improving efficiency, and carefully controlling the quality and safety of the construction to ensure the smooth operation of the Phase I Project.
April 2021: The largest malting firm in the world, Boortmalt, has stated that it would reopen its Cavan, South Australia (SA), malting operation by the middle of this year. One of the seven malthouses purchased in November 2019 was the Cavan malting facility, which is now a part of the Melbourne-based Boortmalt Asia Pacific.
(Source: www.boortmalt.com/boortmalt-group-reopen-cavan-malting-plant)
Top Companies Market Share in Brewing Industry: (In no particular order of Rank)
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According to Cognitive Market Research, India and China are two nations in the Asia Pacific region with swiftly expanding economies. This region's population drinking patterns are gradually shifting into an alcoholic culture. Due to the sizeable, rising population and the expanding market, the need for brewing ingredients is still anticipated to grow. Another issue is that companies that make beer and provide the ingredients for brewing do not fully use highly populated areas. As a result, beer production at both macro breweries and craft brewers keeps growing quickly. Additionally, the demand for craft beers has grown due to consumers' increasing spending power. In countries like India, the number of craft brewers has risen during the past few years. Additionally, the US has a disproportionately large market share for brewing ingredients in the North American market. Major beer brewing enterprises are also present in the USA, promoting the expansion of this sector in the North American area. During the projected period, the Asia–Pacific region is predicted to develop at the quickest rate.
The current report Scope analyzes Brewing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Brewing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Brewing Industry growth. Brewing market has been segmented with the help of its Source, Brewery Size Form, and others. Brewing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, according to the source, the malt extract segment is estimated to hold the largest share of the brewing ingredients market. Standard malt and specialty malts are the two additional divisions of the malt extract market. Brewing-grade malt extracts are created using the best brewing malts, and specialty malts add colors and flavors. To give the finished beer more body, complexity, and flavor, these malts are frequently baked for a longer period at higher temperatures or roasted. Specialty malts have a stronger impact on the beer's color yet contain less sugar. Craft beers frequently contain these malts.
The rise of brewing additives in the brewing market is a notable trend that reflects the industry's ongoing pursuit of innovation and the desire to enhance and diversify beer offerings. Brewing additives encompass a wide range of substances added to beer during brewing to achieve specific outcomes, whether improving flavor, color, aroma, stability, clarity, or other characteristics.
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Over the projected period, according to brewery size, the market for brewing materials is predicted to increase more quickly for craft breweries. The Brewers Association defines an American craft brewer as a small, independent brewery with a minimum annual beer production of 6 million barrels. With over 580,000 people, the craft brewing sector added USD 82.9 billion to the US economy in 2019. A craft beer's average alcohol by volume (ABV) is from 5% to 10%, while some of the most well-known craft beers have an ABV of up to 40%.
According to Cognitive Research, Macro breweries are the fastest-growing segment. Macro breweries often have established distribution networks and well-recognized brands that can be found in numerous locations. This wide distribution reach can give them an advantage in accessibility and convenience. Larger breweries typically have more resources to invest in marketing and advertising campaigns. They can leverage their financial strength to create extensive and impactful marketing strategies that reach a broad audience.
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According to form, the dry sector in the market for brewing ingredients is anticipated to develop at the quickest CAGR. The same processes as liquid malt extract make dry brewing components like dry malt extract (DME). Still, an additional dehydration phase lowers the water content to only around 2%. Due to the decreased water content, DME often has a longer shelf life than light malt extract without darkening problems. By weight, it provides more fermentable extract. DME is also simpler to measure precisely when it is a powder. It may be calculated in tenths of an ounce using a digital scale.
The liquid form segment holds a significant share during the forecast period. The liquid form is integral to the essence and experience of beer. A liquid beverage's visual appearance, aroma, and taste contribute to the overall sensory experience that beer enthusiasts seek. The liquid form allows for various beer styles and flavor profiles. Breweries can experiment with different ingredients, brewing techniques, and recipes to create an extensive range of liquid products that cater to diverse consumer preferences.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Brewing Market is witnessing significant growth in the near future.
In 2023, the Malt Extract segment accounted for noticeable share of global Brewing Market and is projected to experience significant growth in the near future.
The Macro Brewery segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cargill Incorporated (US) , Boortmalt (Belgium) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Brewing is the process of producing alcoholic beverages primarily beer through the fermentation of various ingredients typically including water malted barley or other grains hops and yeast
Disclaimer:
Source | Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, Beer Additives |
Brewery Size | Macro Brewery, Craft Brewery |
Form | Dry, Liquid |
List of Competitors | Cargill Incorporated (US), Angel Yeast Co Ltd. (China), Boortmalt (Belgium), Matteurop Groupe (France), Rahr Corporation (US), Lallemand Inc (Canada), Viking Mall (Sweden), Lesaffre (France), Maltexco SA (Chile), Simpsons Mall (UK) |
This chapter will help you gain GLOBAL Market Analysis of Brewing. Further deep in this chapter, you will be able to review Global Brewing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Source Analysis 2019 -2031, will provide market size split by Source. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Source Analysis 2019 -2031
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Chapter 11 Market Split by Brewery Size Analysis 2019 -2031
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Chapter 12 Market Split by Form Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Brewing market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Malt Extract have a significant impact on Brewing market? |
What are the key factors affecting the Malt Extract and Adjuncts/Grains of Brewing Market? |
What is the CAGR/Growth Rate of Macro Brewery during the forecast period? |
By type, which segment accounted for largest share of the global Brewing Market? |
Which region is expected to dominate the global Brewing Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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