PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338964
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338964
The global brewery equipment market size is expected to reach USD 28.38 billion by 2032, according to a new study by Polaris Market Research. The report "Brewery Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment Type (Macrobrewery Equipment, Craft Brewery Equipment, Mashing Equipment, Storage Equipment, Compressors, Cooling Equipment, and Others); By Mode of Operation; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Continuous rise in the demand for the beer globally due to its numerous health benefits like richness in the anti-oxidants & low calorific value and growing brewery equipment, are positively affecting the growth of the market.
Moreover, the large number of innovations focused on automating various procedures and increasing popularity of beer culture is resulting in high investment for the industry development, which is further likely to create huge growth opportunities in the near future. For instance, in July 2022, BrewBilt Manufacturing, unveiled BrewBilt Brewing Company's brand of the craft beers and synergy with brewhouses built by the company. The company built the brewhouse and cellular tanks and has opened doors for boosting brewing equipment sales.
Furtherly, players in the industry across the globe are rapidly processing towards automating their manufacturing processes to obtain the authentic taste of beverages. Manufacturers are thus looking to integrate technologies like IoT and artificial intelligence in their products, that enables them to program mashing and set up precise temperatures. As the number of craft breweries in countries like America balloons, the more developed and advanced techniques needed to capture the public's attention across the industry. At the same time, there are various game-changing innovations happening and taking place which enhances the business operations and also product quality, that is shaping the market towards higher growth.
Microbrewery equipment segment dominated market share in 2022, on account of growing adoption worldwide due to its ability to produce beer at larger scale
Semi-automatic segment is anticipated to grow at high CAGR during the projected period, which is highly attributable to growing need and prevalence for cost-effective and better-quality equipment
Europe region dominated the global market with majority share in 2022, owing to change in consumption patterns across the region and widespread presence of key beer manufacturers
The global key market players include: Paul Mueller Company, Deutsche Beverage Technology, Advanced Enzymes, Krones, and GEA Group
Polaris Market Research has segmented the brewery equipment market report based on equipment type, mode of operation, and region: