Rise in the Customer Inclination Towards Microbrewery Processed Beers Driving the Growth of Brewery Equipment Market.
Hyderabad, India - July 24, 2021 /MarketersMedia/ —
Brewery Equipment Market size is estimated to reach $24.9 billion by 2026, growing at a CAGR of 6.3% during the forecast period 2021-2026. A Brewery is a building or a company where beers are made commercially. Brewery equipment covers all aspects of the brewing process, such as malting, mashing, and lautering. The automatic brewery equipment is increasingly being adopted across the world owing to the growing demand for innovative taste and high-quality beers among the young population. The rise in the adoption of the lautering process for the separation of mash into the liquid wort and the residual grain, growing demand for microbrewery equipment in developed nations, increase in the adoption of compressors to offer proper air compression in craft brewery equipment, and growing investment by the key players to develop advanced brewery equipment are the factors that are set to drive the growth of the Brewery Equipment Market for the period 2021-2026.
Brewery Equipment Market Segment Analysis-By Equipment Type
The Brewery Equipment Market based on the Equipment Type can be further segmented into Macro brewery Equipment and Craft Brewery Equipment. The Macro brewery Equipment segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 7.1% over the period 2021-2026. This growth is owing 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 Brewery Equipment Market. The Craft Brewery Equipment segment held the second-largest share in 2020 owing to the factors such as the growing adoption of microbrewery equipment in developed nations and the rise in the demand for compressors to offer proper air compression in craft brewery equipment.
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Brewery Equipment Market Segment Analysis-By Mode of Operation
The Brewery Equipment Market based on the Mode of Operation can be further segmented into Manual, Automatic, and Semi-Automatic. The Automatic segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 6.9% over the period 2021-2026. This growth is owing 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 driving the growth of the Brewery Equipment Market.
Brewery Equipment Market Segment Analysis-By Geography
North America held the largest share with 34% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for microbrewery equipment in developed nations and the rise in the adoption of the lautering process for the separation of mash into the liquid wort and the residual grain. The increasing demand for compressors to offer proper air compression in craft brewery is driving the growth of the Brewery Equipment Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to 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.
Brewery Equipment Market Drivers
Rise in the Customer Inclination towards Microbrewery Processed Beers
Consumers across the world are shifting towards microbrewery processed beers owing to the growing health consciousness and the rise in the popularity of microbrewery beers. The rise in the need for low calorie and non-alcoholic beer production and the growing demand for unique taste and quality craft brewery beers among the young population have also propelled the demand for microbrewery beers, which is one of the major factors driving the growth of the Brewery Equipment Market.
Increase in the Innovations by the Key Players in the Brewery Equipment
The key players across the world are focusing on developing advanced brewery equipment owing to the growing demand for innovative types of beers among customers in developed nations. Manufacturers are also focusing on automatic brewery equipment, which is further propelling the growth of the Brewery Equipment Market.
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Brewery Equipment Market Competitive Landscape:
Key companies of this market are Alfa Laval, Krones AG, Criveller Group, Paul Mueller, Kaspar Schulz GmbH, Della Toffola, Hypro Group, Meura SA, Ningbo Lehui International Engineering Equipment Co., Ltd, and Shanghai Hengcheng Beverage Equipment Co., Ltd. among others.
Key Takeaways
Geographically, North America Brewery Equipment Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of the lautering process for the separation of mash into the liquid wort and the residual grain.
The increase in the demand for process automation in the craft brewery process to reduce the complicated procedures is driving the Automatic segment. However, the high maintenance cost of brewery equipment is one of the major factors that is said to reduce the growth of the Brewery Equipment Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Brewery Equipment Market report.
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