The Latin America, Middle East and Africa Beer Adjuncts Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030).
Brewing is making beer in a brewery by steeping a starch source in water and allowing the sweet liquid to ferment with yeast. The process can be carried out on one's own or with the aid of a commercial brewer. The primary components used in creating beer are water and a source of fermentable starch such as yeast, hops, and cereal grains, the most widely utilized of which is malted barley. Beer is made with these substances to add color, protein, flavor, bitterness, aroma, stability, and dextrins. About 95% of beer is water, and the mineral composition of the water is changed to meet the beer requirements. In addition, "spent grain" and the sediment (or "dregs") from the filtration process are by-products of brewing that can be dried and sold as "brewers dried yeast" for poultry feed or converted into yeast extract that is used in various brands.
The consumption of beer is expected to rise in the future years, helped by growing awareness of the benefits of beer, which include lowering stress and decreasing heart disease. The market is expanding due to the rising demand for healthier products in the food and beverage sector and the increasing demand for low-alcohol beer. The demand for non-alcoholic beverages as well as alcoholic beverages like beer, whisky, vodka, and scotch is increasing, which is fueling the market.
There is a growth in demand for alcoholic beverages in developing nations with growing populations, such as Brazil or South Africa, wherein the younger generation consumes more alcohol. Additionally, because of changing social mores and alcohol’s growing popularity, many locals now consume large amounts of it regularly. The growing popularity of alcoholic beverages across LAMEA is expected to lead to an expansion of the regional market market.
The Brazil market dominated the LAMEA Beer Adjuncts Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,723.4 Million by 2030. The Argentina market is showcasing a CAGR of 8.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7% during (2023 - 2030).
Based on Form, the market is segmented into Dry, and Liquid. Based on Type, the market is segmented into Unmalted Grains (Unmalted Corn, Unmalted Rice, and Others), Sugar, Cassava, Potato, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Beer Adjuncts Market is Projected to reach USD 87.6 Billion by 2030, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tsingtao Brewery Co., Ltd., Molson Coors Beverage Company (Aspall Cyder Ltd.), Kirin Holdings Company, Limited, Heineken N.V. (Heineken Holding N.V.), Constellation Brands, Inc., China Resources Beer (Holdings) Company Limited (China Resources (Holdings) Co.,Ltd.), Cervejaria Petropolis S/A, Carlsberg Breweries A/S, ANHEUSER-BUSCH INBEV SA/NV and Asahi Group Holdings Ltd.
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