Asia Pacific Beer Ingredients Market
The Asia-Pacific beer ingredients market is expected to reach USD 7,403,639.04 thousand by 2031 from USD 4,365,584.35 thousand in 2023, growing with a substantial CAGR of 6.8% during the forecast period of 2024 to 2031.
Market Segmentation
Asia-Pacific Beer Ingredients Market, By Ingredients (Malt and Malt Extracts, Hops, Yeast, Enzymes, Beer Adjuncts, and Others), Beer Type (Ale Beer, Lager Beer/Pilsner, Stout Beer, Porter Beer, Wheat Beer, and Others), Nature (Non-GMO and GMO), Form (Dry and Liquid), Category (Organic and Conventional), End Use Brewery (Micro-Brewery, Craft Brewery, Macro-Brewery, and Others), Countries (China, Australia, Japan, India, South Korea, Thailand, Philippines, Singapore, Malaysia, Indonesia, and rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview of Asia-Pacific Beer Ingredients Market Dynamics
Drivers
• Growing popularity of craft beer and microbrewery trends
• Increasing beer consumption around the globe
• Perceived health benefits of moderate beer consumption
Restraints
• Fluctuating prices of raw materials and supply chain disruptions
• Stringent regulatory requirements and quality standards
Opportunities
• Technological advancements and innovations in brewing technology
• Development of new beer varieties, including flavored and non-alcoholic beers
• Expanding international trade and export of beer
Challenges
• Issues related to environmental sustainability and resource management
• Rapidly changing consumer tastes and preferences
Market Players
The key market players operating in the Asia-Pacific beer ingredients market are listed below:
• Cargill, Incorporated
• Associated British Foods plc
• Fermentis
• DSM
• Lallemand Inc.
• Kerry Group plc.
• AngelYeast Co., Ltd
• John I. Haas
• Muntons Plc
• Novozymes A/S, part of Novonesis Group
• White Labs
• Malteurop
• AEB Group spa
• Antozyme Biotech Pvt Ltd
• Leiber(Subsidiary of Rahr Corporation)
• VIKING MALT
• Nature BioScience Pvt. L.T.D.
• Aumgene Biosciences
• Foodchem International Corporation
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