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Think About Alcohol Ingredients to Make Your Drinks Stronger

18 February 2022 by Mordor Intelligence

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Beer Happens: Key factors behind the hangover

– Consumers are increasingly inclining towards craft beer which has resulted in an increasing number of craft breweries across the globe with the highest number of outlets in the United Kingdom followed by Germany, Italy

– The millennial population has been a key factor for the rapid sales of craft beers across the globe. In North American region, the consumer’s increasing disposable income and increasing perception of drinking better quality alcohol are the primary factors driving the demand for premium ingredients

Geographic Panorama

– Asia-Pacific, in particular, holds immense potential for the craft beer market, with robust demand for Westernized craft beer that is blended with local taste and preferences

– In China, Whiskies, cognacs, and imported wines are becoming popular across the region as consumers are more inclined toward premium products.

– The S. craft spirits market has grown by approximately 20% per year by value since 2012 and is forecast to grow by approximately 15%-20% per year through 2022.

– Even in the United Kingdom there has been substantial growth in the sales of craft beer in both the on-trade and off-trade distribution channels.

Alcoholic Ingredients Market – The Game Has Changed

– Major players include Kerry Group plc, Cargill Incorporated, Archer Daniels Midland Company, Dohler Group SE and Koninklijke Dsm N.V.

– The global alcohol ingredient market is highly fragmented due to the dominance of several local and global players present in the market.

– Expansion remained the most adopted strategy among malt ingredient manufacturers, holding a major chunk of total strategies, followed by product innovation, partnership, and merger and acquisition.

This insight was contributed by knowledge partner:

 

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