PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266602
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266602
Global Brewing Enzymes Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Brewing is the process of making beer from starches such as barley malt, water, hops, brewer's yeast, and clarifying agents. Enzymes are proteins that act as a biocatalyst to speed up a chemical reaction. They hasten the breakdown of substrates into the final product and speed up the reaction without undergoing any permanent chemical change. The rising production of beer worldwide and growing prices of cereals are key factors driving the market growth.
According to the Brewers Association of the United States - in 2020, in the United States the total production of craft beer in microbreweries was estimated at 4.10 million barrels, and it further increased to 4.56 million barrels in 2021. Additionally, as per Eurostat (the statistical office of the European Union) - in 2021, the total alcoholic beer production in EU member States was estimated at 33.1 billion liters, witnessing an increase of around 3 percent. Also, growing technological advancements in the brewing process as well as rising number of micro-breweries in developing economies would create lucrative growth opportunities for the market over the forecast period. However, high cost of exogenous enzymes and prevalent traditional brewing practices coupled with increased production of barley-based beer impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Brewing Enzymes Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players as well as increasing consumption of beer in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising penetration of microbreweries coupled with growing demand for alcoholic beverages in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable