Global Brewery Equipment Market
Global Brewery Equipment Market Size Booming to Cross USD 29.6 Billion by 2029
Published | 18 November 2022
Global brewery equipment market is flourishing because of the surging demand for beer and other alcoholic beverages, and increasing adoption of emerging technologies, such as artificial intelligence (AI) and internet of things (IoT), in the brewing process.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimates the global brewery equipment market size at USD 19.7 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global brewery equipment market size to grow at a steady CAGR of 6.2% reaching a value of USD 29.66 billion by 2029. Major growth drivers for global brewery equipment include the surging demand for beer and other alcoholic beverages. The beverage companies are boosting their presence in successful markets, such as Europe and North America, by offering a wide range of equipment. They are also tapping into potential new markets, such as India, which is showing significant growth prospects due to expanding demand for beer. Furthermore, the introduction of innovative technologies, such as AI and IoT, to make the entire brewing process more efficient and automated, is also expected to fuel the growth of global brewery equipment market during the period in analysis.
Global Brewery Equipment Market – Overview
The instruments and apparatus used to make fermented and alcoholic drinks, including beer, utilizing grains are referred to as brewery equipment. Mash and wort kettles, lauter tuns, whirl poolers, steam generators, hot liquor tanks, cold-water tanks, compressors, aeration devices, and fermentation and storage equipment are a few of the often used pieces of brewing equipment. They are used for grinding the grain, malting, mashing, lautering, boiling, separating wort, chilling, fermenting, conditioning, carbonation, filtering, and filling. They are frequently utilized for the small-, medium-, and large-scale production and processing of beer in both microbreweries and artisan brewers.
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Global Brewery Equipment Market – By Brewery Type
Based on brewery type, the global brewery equipment market is segmented into macro breweries and craft breweries. The craft breweries segment is further categorized into microbreweries, brewpubs, and other craft breweries. The macro breweries segment accounts for a higher market share, as large production units mostly use macro brewery type. According to Brewsavor, four companies that engage in macro breweries, such as Anheuser-Busch InBev, Heineken, Molson Coors Beverage Company, and Carlsberg, dominate more than 50% of the beer market, which contributes to the macro breweries segment’s growth.
Impact of COVID-19 on the Global Brewery Equipment Market
The global brewery equipment market witnessed significant negative impact during the COVID-19 pandemic outbreak. Initially, the production operations and distribution channels of beer were completely halted due to lockdowns in various parts of the world to prevent the spread of the virus among workforce. Furthermore, the market was also impacted by changes in consumption patterns among consumers due to a rise in health consciousness and a surge in demand for non-alcoholic and functional beverages or other health drinks. However, it is expected that the brewery equipment market will soon regain its growth and pace as supply chains for the beer trade are improved worldwide.
Major players operating in global brewery equipment market include Alfa Laval, GEA Group Aktiengesellschaft, Krones Ag, Shanghai Hengcheng Beverage Equipment Co, Ltd, Paul Mueller Company, Praj Industries, Meura, Criveller Group, Interpump Group S.P.A (Inoxpa), Della Toffola Spa, BASF SE, Lesaffre, DuPont, Dyadic International Inc., Advanced Enzyme Technologies Ltd, Adisseo, Amano Enzyme Inc., Codexis Incorporated, A.B. Enzymes, and Novozymes A/S. These companies employ various strategies to further enhance their market share, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global brewery equipment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global brewery equipment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Brewery Equipment Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Product (Fermentation Equipment, Brew House Equipment, Carbonation, Control & Monitoring, Filling & Packaging); By Material (Brass, Copper, Aluminum, Stainless Steel, Mild Steel); By Application (Macro Brewery, Microbrewery, Brewpub, Farm Brewery, Regional Breweries); By Mode of Operation (Automatic, Manual, Semi-Automatic); By End User (Industrial, Commercial); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: January 2023
Rapid growth in the consumption of beer in developing countries, preference for craft breweries for their distinctive flavor, and increasing popularity of microbreweries and brewpubs are projected to propel the expansion of Global Brewery Equipment Market during the forecast period between 2023 and 2029.
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