The global Wort Concentrate market is expected to reach a market valuation of US$ 702 million by 2033, recording a CAGR of 3.9% from 2023 to 2033.
Beer production often uses wort concentrate, which is a liquid or semi-solid form of concentrated wort. The liquid that is taken from malted grains and then boiled with hops to make beer is called wort. In order to generate a more concentrated form of the wort that may be preserved for later use, water is evaporated from the wort. Homebrewers frequently use this concentrate to create beer since it can be quicker and more convenient than brewing wort from scratch. Commercial breweries can produce beer more quickly and with fewer resources by using wort concentration.
| Attribute | Details |
|---|---|
| Wort Concentrate Market Size (2023E) | US$ 479 million |
| Wort Concentrate Market Projected Size (2033F) | US$ 702 million |
| Value CAGR (2023 to 2033) | 3.9% |
| Top 3 Countries Marketing Share | 69% |
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Wort Concentrate.
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| Market Statistics | Details |
|---|---|
| Jan–Jun (H1), 2021 (A) | 3.2% |
| Jul–Dec (H2), 2021 (A) | 3.5% |
| Jan–Jun (H1),2022 Projected (P) | 3.4% |
| Jan–Jun (H1),2022 Outlook (O) | 3.3% |
| Jul–Dec (H2), 2022 Projected (P) | 3.9% |
| Jul–Dec (H2), 2022 Outlook (O) | 3.7% |
| Jan–Jun (H1), 2023 Projected (P) | 3.6% |
As more brewers, both big and small, look for ways to increase productivity and cut costs, the usage of wort concentrate is set to rise. Further enhancements in the final product's consistency and quality may result from the development of new wort concentrate production processes. It is important to remember that there is still a long tradition of manufacturing beer the old-fashioned way, and many brewers still favor creating their own wort from scratch. Additionally, there is an increase in demand for artisanal brewing methods due to the popularity of craft beers and other distinctive, small-batch brews.
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When compared to the manufacturing of other brewing raw materials, the creation of wort concentrate is particularly time-efficient. As a result, a number of market players are showing interest in the manufacture of wort concentrate, and the existence of a sizable number of market players is increasing the market share for wort concentrate in the larger alcohol sector.
Brewing with wort concentrate reduces investment costs since it requires less labor, energy, and water and streamlines the procedures involved in producing beer. Due to their inability to purchase other more expensive brewing components, tiny breweries and other microbrewers are using a lot of wort concentrate.
The growing use of automation and technology in the brewing process is one element that is influencing wort concentrate sales in the United States. The use of wort concentrate makes brewing simpler and more productive, which can lower costs and boost output. The need for wort concentration is probably going to increase as more substantial commercial breweries use these techniques.
The rising popularity of home brewing is another factor boosting the wort concentrate market in the United States. For homebrewers without a lot of equipment or experience, wort concentrate can be a practical and affordable approach to produce high-quality beer.
The rising popularity of craft beer in China is driving up demand for wort concentrate. Compared to other nations, China's craft beer business is still quite modest, but it is expanding quickly. The market for craft beer in China rose by 60% in 2019, according to a report by the China Alcoholic Drinks Association, and this growth is anticipated to continue in the years to come. Wort concentrate is a crucial component in the brewing of craft beer, making it a crucial commodity for Chinese craft breweries.
In comparison to other brewing components, the wort concentrate industry in the United Kingdom is relatively modest, but it has been steadily expanding recently. Small and medium-sized craft breweries in the United Kingdom are using wort concentrate more and more frequently as a way to simplify the brewing process and cut costs. The United Kingdom has a sizable and varied beer market with a long history of brewing as well as a developing market for craft beers and one-of-a-kind, small-batch brews. As a result, wort concentrate is anticipated to continue to be in demand from smaller craft breweries trying to stand out and provide consumers with high-quality, distinctive goods.
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Worm concentration is mostly used by industrial breweries. Both large-scale breweries that make beer for mainstream consumption and small- and medium-sized craft brewers that make one-of-a-kind, artisanal beers are included in this sector. Wort concentrate is used by industrial breweries to simplify and lower the cost of the brewing process. Breweries can create high-quality beer more quickly, with fewer equipment, and in less space by using wort concentrate. Additionally, wort concentration can support brewing process consistency, which is crucial for maintaining the final product's quality.
Organic malted barley, organic hops, and organic water are used to make organic wort concentration. With organic certification, you may be sure that no synthetic pesticides, fertilizers, or genetically modified organisms (GMOs) were used in the production of the ingredients. Customers who are interested in sustainable and organic products are increasingly buying organic wort concentrate. Consumers are reassured by the organic certification that the product was made with consideration for the environment and sustainable agriculture. Additionally, synthetic pesticides and other chemicals may not be present in organic wort concentration, which may appeal to consumers who are concerned about their health.
Wort Concentrate market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Nature, Type, Ingredient, End Use, and Region |
| Key Companies Profiled |
Döhler Natural Food and Beverage Ingredients; Black Rock; Patagonia Malt; Briess Malt & Ingredients |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Wort Concentrate Market is valued at US$ 479 million for 2023.
The Wort Concentrate Market valuation is expected to be US$ 702 million in the year 2023.
The value of CAGR for the Wort Concentrate Market is estimated to be 3.9%.
The industrial breweries segment would garner significant market value share by 2023.
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Wort Concentrate Market
