PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218828
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218828
According to Stratistics MRC, the Global Brewery Equipment Market is accounted for $16.52 billion in 2022 and is expected to reach $26.06 billion by 2028 growing at a CAGR of 7.8% during the forecast period. A brewery is a structure or business where commercial beers are produced. Brewery equipment includes everything needed for brewing, including malting, mashing, and lautering. Because of the growing demand for innovative flavours and high-quality beers among the young population, automatic brewery equipment is becoming more popular around the world. Some of the commonly used brewery equipment includes mash and wort kettles, lauter tuns, whirl poolers, steam generators, hot liquor tanks, cold-water tanks, compressors, aeration devices and fermentation and storage equipment.
According to Kirin Holdings Company, Limited, the U.S was the second-largest beer-producing country in the globe and is witnessing a significant increase in the number of breweries. According to the Brewers Association, a sale of craft beer in the US is increased by 8% in terms of volume in 2021.
Market Dynamics:
Driver:
Rising demand for beers
Beers offer a low-calorie substitute for other beverages and contain anti-oxidants. Research has shown that beer consumption can reduce the risk of suffering from a heart disease, diabetes and even Alzheimer's. Beers provide a benefit when they are used to wash hairs. It contains hops and malt, which support hair growth and make it healthier. Hence the demand for beer shampoos also propels the brewery equipment market.
Restraint:
Rise in non-alcoholic beverages
The market for non-alcoholic beverages is expanding as consumer preferences shift toward healthier beverages. Beer consumption is being reduced by consumers seeking weight loss options. Large brands are developing functional and shaped drinks. Furthermore, many manufacturers are experimenting with new combinations to attract customers. Such innovations are impeding the growth of the market.
Opportunity:
Digitalization of equipment
Digitalization and automation of equipment for process optimization are the opportunities for companies operating the market. Automated brewery equipment with advanced networking capabilities is designed to reduce the time to manage equipment and processes and also to improve the scale of operation while maintaining consistent quality. Thus, these factors are propelling the market growth.
Threat:
High Maintenance Cost
The key players in the market are collaborating with other players to carry out various research and development activities for launching advanced craft brewery equipment to meet the growing demand. However, high capacity capital, the high maintenance cost of brewery equipment and rising power and energy costs is one of the major factors that is estimated to reduce the growth of the Market.
COVID-19 Impact
COVID-19 had a detrimental impact on economies across the world. Evidently, it also had an indirect impact on the brewing equipment market. As strict lockdown measures were enforced differently by countries around the world, one commonality was that clubs, pubs, and restaurants were closed down everywhere because they violated the idea of social separation, which has become a requirement in these times. The closure of on-site establishments has harmed breweries because it is their primary source of revenue. To stay in business, they have had to create new distribution channels, such as home delivery and brewery applications that eliminate the need for customers to visit the brewery. New technical breakthroughs will help to improve the availability of brewery equipment in developing and emerging countries following the pandemic.
The macro brewery segment is expected to be the largest during the forecast period
The macro brewery segment is estimated to have a lucrative growth, due to the factors such as the increase in the commercial availability of macro brewery equipment and the growing demand for fermentation and filtration equipment. The rise in the need for high-capacity macro brewery equipment for large-scale beer production in developing nations is driving the growth of the market.
The automatic segment is expected to have the highest CAGR during the forecast period
The automatic segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the factors such as the increase in the demand for process automation in the craft brewery process to reduce the complicated procedures and rise in the investment by the key players to develop advanced automatic macro brewery and microbrewery equipment. The rise in the adoption of automatic equipment to support the production of high-quality beers is boosting the growth of the market.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to governments of different states are relaxing the rules for setting up breweries and increasing consumption of beer together with rising investments by key players. As consumer knowledge of healthy lifestyles and eating habits grows, consumers prefer low-calorie or no-alcohol beer, and demand for craft beer grows as numerous health benefits are connected with it.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to increase in the number of breweries, rising demand for craft beer and advancement in technology and use of premium grains as raw materials. The factors such as the rise in the demand for cost-effective semi-automatic equipment and growing investment by the key players to develop advanced microbrewery equipment are the aspects driving the region growth.
Key players in the market
Some of the key players profiled in the Brewery Equipment Market include Alfa Laval, GEA Group Aktiengesellschaft, Associated British Foods P.L.C., Tiantai Company, Meura SA, Lesaffre, Dyadic International Inc, DuPont, ABE Equipment, Krones AG, Codexis Incorporated, Specific Mechanical Systems, Advanced Enzyme Technologies Ltd, Criveller Group, Hypro Group, Newlands System, Praj Industries, DME Brewing Solutions, BrewBilt and Paul Mueller.
Key Developments:
In April 2021, GEA introduced Craft-Star M, its newly developed 20-hectoliter brewhouse for Monyo Brewing, a well-known craft brewer, to meet the rising requirements of process control, batch consistency, and quality.
In December 2020, Alfa Laval has launched the latest equipment Brew 20 for creating new opportunities in microbrewery beers and to meet the growing needs of modern breweries. This equipment is easy to install and achieves clearance of greater profitability.
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What our report offers:
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