PUBLISHER: Market Research Future | PRODUCT CODE: 1536751
PUBLISHER: Market Research Future | PRODUCT CODE: 1536751
Global Brewery Equipment Market Research Report Information By Type (Brew House Equipment, Fermentation Equipment, Control & Monitoring, Filling & Packaging, and Others), Price Range (Economy/Mass, and Premium), By Material (Brass, Copper, Aluminum, Stainless Steel, Mild Steel), By Mode of Operation (Automatic, Manual, and Semi-automatic), By Distribution Channel (Store-based, and Non-Store Based) And By Region (North America, Europe, Asia-Pacific, South America, and Middle East and Africa) - Forecast Till 2032
It is anticipated that the Craft Brewery Equipment market industry will register a compound annual growth rate (CAGR) of 6.1% from 2022 to 2032, resulting in a market value of USD 7,231.4 million. The expansion of the artisanal brewery equipment market is the result of a variety of critical factors. Initially, the development of apparatus that is specifically tailored to satisfy the unique requirements of craft brewers was driven by the growing global demand for craft beer consumption. Additionally, breweries have been compelled to invest in cutting-edge equipment to adapt to the evolving tastes of consumers, who are becoming more interested in a diverse array of beer styles and flavors. In addition, the proliferation of microbreweries, brewpubs, and home brewing has facilitated the expansion of the craft brewery equipment market, as these entities require apparatus for small-scale production.
A significant trend in the global beverage industry has emerged: the growing preference of consumers for high-quality, unique craft beer products. This trend has had a substantial impact on the alcohol market, resulting in substantial changes in consumer behavior, preferences, and consumption patterns. The creative recipes, artisanal production methods, and emphasis on quality ingredients of craft beer have captivated the imagination of beer enthusiasts worldwide, offering a diverse array of flavors, varieties, and experiences that appeal to a broad spectrum of consumers. This trend is primarily driven by a change in consumer preferences and inclinations toward beverages that are more authentic, flavorful, and locally produced. In an era characterized by mass-produced, homogeneous products, consumers are increasingly seeking authenticity, uniqueness, and a sense of connection to the products they consume. Craft beer offers consumers a unique and exciting taste experience by focusing on traditional brewing techniques, small-batch production, and innovative flavor profiles, which contrast with mainstream beer brands.
Market segment insights
Equipment for the Craft Brewery includes Brew House Equipment, Fermentation Equipment, Control & Monitoring, Filling & Packaging, and Other Equipment. Market segmentation by category. The market segmentation by material is comprised of Bras, Copper, Aluminum, Stainless Steel, and Mild Steel.
The market is segmented using automatic, semi-automatic, and manual modes of operation. Distribution channels determine the two categories of market segmentation: store-based and non-store-based.
Regional Perspectives
The North America segment possessed the highest market share in 2022, with a market value of USD 1,343.0 million. It is anticipated that the compound annual growth rate (CAGR) will be 5.5% during the forecast period.
With a market size of USD 1,739.7 million and a healthy CAGR of 5.9%, Europe is a critical component of the global craft brewery equipment industry. This region is distinguished by its extensive brewing tradition and diverse beer culture, which have earned it a prominent place in the global craft beer movement. This has resulted in a rise in the demand for innovative brewing technologies and high-quality brewing apparatus.
With a robust CAGR of 7.7% and a burgeoning market size of USD 556.3 million, the craft brewery equipment market in the Asia Pacific region is enduring a rapid expansion. This growth trajectory is indicative of the region's changing beer topography, which is defined by the emergence of a vibrant craft beer scene in numerous countries, urbanization, and changing consumer preferences.
With a developing market size of USD 136.6 million and a notable CAGR of 6.6%, the craft brewery equipment market in South America is becoming more promising. The demand for brewing equipment is increasing in the region, which is fostering the development of the craft beer industry in countries such as Brazil, Argentina, and Chile, despite the economic challenges and fluctuations. This is due to the surge in consumer interest in craft beer.
As demonstrated by a nascent but promising market size of USD 39.7 million and a notable CAGR of 7.0%, the craft brewery equipment market in the Middle East & Africa (MEA) region is progressively gaining in momentum. In the past, the beer market in the MEA region was predominantly dominated by large microbreweries that produce conventional beer brands.
The Craft Brewery Equipment market is dominated by a number of major players, including Paul Mueller Co (US), Criveller Group (Canada), Praj Industries Ltd (India), Hypro Engineers Private Limited (India), Ampco Pumps Company (US), Krones AG (Germany), Flecks Brauhaus Technik GmbH (Steiermark), Alfa Laval AB (Sweden), GEA Group AG (Germany), ABE Equipment (Nebraska), and SmartBrew (Canada).