(I-BusinessNews.Com, June 08, 2021 ) Brewery Equipment Market size is forecast to reach $24.7 billion by 2026, growing at a CAGR of 6.39% during the forecast period 2021-2026. Brewery equipment are the key components which are required for commercial beer production. The equipment required in the brewing process includes kegs, boilers, conveyors, cooling systems, fermenters, filters, beer labelling machines and others. The brewery equipment market is largely driven by the automatic brewery equipment’s which is enhancing the production capabilities of the macro brewers. The other factors responsible for driving the growth of the brewery equipment market is the increasing consumer demand towards microbrewery processed beer types such as handcrafted and artisanal beer. Further the demand is also rising for non-alcoholic and low calorie based Fbeer owing to the rising health concern which in turn is anticipating the Brewery Equipment market to grow for the forecast period 2021-2026.
Brewery Equipment Market Segment Analysis – By Brewery Type
By Brewery Type the Brewery Equipment Market is segmented into Macro brewery and Craft brewery. The Macro brewery held the largest share in the Brewery Equipment Market in 2020 and is estimated to grow at a CAGR of 6.90% during the forecast period 2021-2026. The popularity of beer has increased with the growing number of beer pubs and beer offering restaurants. Owing to the increasing demand of beer the need for macro breweries is increasing in order to meet out the large quantities of beer. As macro breweries requires large amount of equipment’s to produce large quantities is further boosting the market to grow. Macro brewery is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2021-2026.
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Brewery Equipment Market Segment Analysis – By Mode of Operation
By Mode of Operation, the Brewery Equipment Market is segmented into Manual, Automatic, Semi-Automatic. Automatic held the largest share in the Brewery Equipment Market in 2020 and. The rising demand for automated brewery equipment is owing to the involvement of complex procedures in beer production. The brewing process requires brewing, fermentation and further packaging which requires significant infrastructure to support the production of high-quality beer. Further the increasing demand for artisanal and handcrafted beer is also increasing the demand for different types of automated equipment’s in the brewing process. The Automatic segment is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2021-2026.
Brewery Equipment Market Segment Analysis – By Geography
Based on Geography, Brewery Equipment Market is segmented into North America, Europe, Asia-Pacific and Rest of World. Europe is anticipated to dominate the market with a region share of 39.10% in 2020 owing to the consumer preferences which is shifting towards tasting the unique flavour of new types of beer such as craft beer. And also the rising health concern among the population is demanding non-alcoholic and low-calorie beer is also increasing the market for brewery equipments for the forecast period 2021-2026.
Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to end-user increased beer consumption demands for different types of beer in the emerging markets. Further, the relaxation in government regulations is also fuelling the demand for increasing number of brewery setup.
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Brewery Equipment Market Drivers
Shifting consumer trend towards microbrewery processed beers.
Consumers preferences are shifting from the traditional watery large quantity produced beer to the other forms is driving the market Brewery Equipment Markets for the forecast period 2021-2026. As popularity of beer is increasing, the demand for new types of beer is on the rise among the consumers. Owing to the demand for trying new taste the demand for craft beer is gaining importance from past few years. The unique taste and quality provided by craft beer have increased its demand among the rich class owing to its expensive price.
Also health concerns from traditional beer have increased the need for low calorie and non-alcoholic based beer production is also increasing the demand for microbrewer processed beers. Thus, increasing the growth of the Brewery Equipment Market during the forecast period 2021-2026.
Increasing innovation by manufacturers in the brewer equipment’s
As consumers are shifting towards innovative types of beer the demand for disrupting technologies in brewing equipment is increasing. In order to meet the growing demand for beer the manufacturers are automating the process in order to maintain the high quality of the beer and their complex infrastructural needs. Thus, increasing the growth of the Brewery Equipment Market during the forecast period 2021-2026.
Brewery Equipment Market Challenges
High maintenance cost and capital requirement for brewery process
Some of the factors that are set to impede the growth of the Brewery Equipment Market are the high cost required to maintain the large capital capacities and the high power consumption is restraining the Brewery Equipment Market to grow during the forecast period 2021-2026.
Brewery Equipment Market Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Brewery Equipment Market. Brewery Equipment Market top 10 companies are GEA Group, Della Toffola, Kaspar Schulz, Hypro Group, Alfa Laval,Meura SA,Hengcheng Beverage Equipment,Criveller Group, Praj Industries,Krones Group.
Brewery Equipment Market Developments:
Sept 2020: Kasper Schulz GmbH, oldest brewing manufacturer partnered with GE Additive. The partnership will help to integrate the additive manufacturing technique in designing and packaging process of the brewery.
Key Takeaways
Europe dominated the Brewery Equipment Market in 2020 owing to the shifting end-user demand towards craft beer and rising health concerns towards the traditional form of beer production. The Brewery Equipment Market scope for different regions will be provided in the final report.
The demand for different forms of beer such as non-alcoholic, artisanal and craft beer have increased owing to their unique taste which is likely to aid in the market growth of the Brewery Equipment Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Global Food Amino Acid Market report.
High maintenance cost required to maintain the infrastructural capacities, power and energy is poised to create hurdles for the Brewery Equipment Market.
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