According to the research report titled ‘Global Brewing Ingredients Market Size study, by Source (Malt extract, Adjuncts/Grains, Hops, Beer yeast, Beer additives), by Brewery size (Macro brewery, Craft brewery), by Form ( Dry, Liquid)and Regional Forecasts 2021-2027’, available with Market Study Report, global brewing ingredients market size was remunerated USD 32.3 billion in 2020 and is expected to multiply at a CAGR of 6.8% over 2021-2027, subsequently reaching USD 51.2 billion by the end of forecast period.
 

Surging demand for zero- or low-alcohol content beer and increasing consumption of beer are the key factors driving global brewing ingredients market growth.
 

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According to a poll conducted by the Archer-Daniels-Midland Company (ADM), most customers in 2020, preferred products that would help maintain a healthy weight by contributing to their metabolic health. Beers that are high in protein and other nutrients yet low in sugar, carbs, and alcohol are popular among consumers. Young people are more health-conscious and look for nutritional beverages that would not undermine their health goals and commitments.
 

Likewise, a poll conducted by Heineken USA in 2020, revealed that most millennials increased their intake of alcohol-free beer and mocktails. Another key factor driving demand for zero-alcohol beer is that it allows consumers to moderate their alcohol consumption, further augmenting global brewing ingredients industry share.
 

For the unaware, brewing is the process of making beer at a brewery with the help of a commercial brewer or using several other methods. The basic ingredients in the production of beer are water and a fermentable carbohydrate source such as hops, yeast, and cereal grains, the most prevalent of which is malted barley.
 

Considering the factors restraining the industry expansion, strict norms in the beer vertical are acting as major challenges for businesses in this domain.
 

Moving on to geographical ambit, North America, Asia Pacific, Europe, and Latin America are the leading contributors to the overall industry progression. Of these, North America currently holds major portion of worldwide brewing ingredients market share, owing to various emerging craft breweries.
 

On the other hand, Asia Pacific market is projected to amplify through 2027, creditable to individuals in the region following the alcoholic culture.
 

Major contenders in global brewing ingredients marketplace Simpsons Malt Ltd., Maltexco S.A., Lesaffre, Viking Malt, Lallemand Inc., Rahr Corporation, Malteurop Groupe, Boortmalt Group, Angel Yeast Co. Ltd., and Cargill Incorporated.