Beer Adjuncts Market to Be Worth USD 89.06 Billion by 2030; Rising Adoption of Efficient ERP Technologies to Propel Market

The global beer adjuncts market size was valued at USD 56.09 billion in 2022 and is projected to grow from USD 58.60 billion in 2023 to USD 89.06 billion by 2030, exhibiting a CAGR of 6.16% during the forecast period.

Fortune Business Insights™ presents this information in its report titled Beer Adjuncts Market Size, Share & Industry Analysis, By Type (Unmalted Grain [Unmalted Corn, Unmalted Rice, and Others], Sugar, Cassava, Potatoes, and Others), By Form (Dry and Liquid), and Regional Forecast, 2023-2030

The beer market makes extensive use of adjuncts as brewing ingredients, including malted grains, sugar, cassava, and potatoes. These add-ons improve beer's quality while lowering production costs overall. Product sales growth is aided by the increase in small-scale breweries globally. The development of high-quality raw materials through cooperation between suppliers of beer adjuncts, brewers, and research institutions becomes another potential factor in influencing product demand. For instance, to increase the commercial production of cassava, Nile Breweries Ltd., an AB InBev affiliate in Uganda, and NARO inked a five-year Memorandum of Understanding (MOU) in September 2021. The market's growth will be further boosted in the coming years by rising R&D and innovation efforts to create new beer formulations employing adjuncts.

Breweries Being Shut Down During the Pandemic Hurt Industry Performance

In the early stages of the COVID-19 crisis, industry participants encountered a great deal of difficulty managing sustainable business operations. Companies cut back on staff in their manufacturing facilities as a result of lockdown and limits on sizable public gatherings. Producers revised their business strategies to seek sustainability in response to these difficulties. The pandemic's severe effects on the brewing sector affected the need for adjuncts. The pandemic caused a drop in beer volume sales of almost 42%, according to Brewers of Europe's research on COVID-19's effects on the brewing business. Beer sales in Europe's net volume decreased by 9% (34 million hectoliters) in 2020.

Innovative Types of Beers to Escalate Growth in Market

In September 2022, Cold IPA, a type that has never been brewed in India previously, was created by the Alchemist Brewery and BLR Brewing Co. The Cool IPA at Alchemy was brewed with adjuncts of maize and jaggery and simultaneously hopped with Simcoe and Citra.

More Corporate Partnerships and Investments will Support Local Production

To guarantee a steady supply of high-quality raw materials, corporations are investing in the vertical integration business model, which should help them manage raw material quality challenges and increase beer adjuncts market share. The major players make the necessary investments in boosting raw material production. For instance, Nigerian Breweries Plc, one of the biggest breweries in Nigeria, invested over USD 189 million in November 2021 to support the expansion of cassava and sorghum production over the next five years in Nigeria.

As the brewery business contributes to a country's economy and creates jobs, money, and value for local farmers, governments in various nations are creating national policies to support the sector.

However, brewers may face several technical difficulties when using adjuncts such as cereal grains and unmalted grains, especially in greater quantities. The functionality and processing ability of the grist are greatly impacted by a higher concentration of unmalted grain adjuncts, which also have an impact on the brewing process and beer quality. These factors may result in a slow beer adjuncts market growth.

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Competitive Landscape

Emphasizing New Product Releases to Help Businesses Grow their Product Lines

Observing the market's potential for growth, key players are constantly working to innovate, introduce new goods, and improve their beer adjunct products to solidify their position as leaders in the industry. Leading businesses are starting to broaden their product offerings through the acquisition of small & medium-sized businesses, including Anheuser-Busch InBev SA/NV, Carlsberg Breweries A/S, and Heineken N.V. The major players use their sizable customer bases, distinctive product lines, high levels of brand loyalty, and distribution networks to broaden their geographic reach while concentrating on gaining a competitive edge.

Notable Industry Development:

• June 2021: Budweiser APAC, a part of AB InBev, invested nearly USD 24.76 million to build a new craft brewery in Putian, China, and expanded its brewery capacity with an additional 20 million hectoliter volume expansion.

List of Key Players Profiled in the Report

• Tsingtao Brewery Co., Ltd. (China)
• Molson Colors Brewing Company (U.S.)
• Kirin Holdings Company, Limited (Japan)
• Heineken N.V. (Netherlands)
• Constellation Brands Inc. (U.S.)
• China Resources Beer (Holdings) Company Limited (China)
• Cervejaria Petropolis S/A (Brazil)
• Carlsberg Breweries A/S (Denmark)
• Anheuser-Busch InBev SA/NV (Belgium)
• Asahi Group Holdings Ltd (Japan)

Further Report Findings

The largest percentage of the global market is held by Asia Pacific. Growing numbers of craft beer producers and microbrewers fuel market expansion. As a result, the market is anticipated to grow quickly with a CAGR of 7.19% over the forecast period. Asia is one of the top suppliers of rice, thus Asian manufacturers are ready to invest in producing rice-based beers, which further paves the way for the expansion of the market for beer adjuncts.

Due to its strong economy, rising affluence, and strong customer relationships, North America has become one of the world's top consumers of beer. The brewing industry in the U.S. typically uses a variety of adjuncts for beer, including corn grits, rice, barley, liquid adjuncts, syrups, and sugars as well as processed adjuncts such cereal flakes or fortified cereals.

The market in Europe is expanding at a rapid rate; as a result of the rise in new market entrants in the beer business, Poland, France, and Spain make major financial contributions to the sector. Also, the introduction of new goods by regional brewers utilizing locally farmed raw ingredients promotes the industry's expansion.

Table of Segmentation