(Food-Beverage-News.Com, April 20, 2021 ) The beer processing market is estimated at USD 677.5 billion in 2019 and is projected to reach a value of USD 815.4 billion by 2025, at a CAGR of 3.1%. Rising trend of low- or no-alcohol, & organic beer and continuous innovations in the brewery equipment are factors driving the growth in the beer processing market. Focus on digitalization and automation using IoT and Big Data are opening several opportunities in the beer processing market.
Based on brewery type, the market is segmented into macrobrewery and craft brewery. The craft brewery segment is estimated to grow at the highest CAGR, due to the rising demand for premium and flavorsome beer produced in small batches. Consumers are also increasingly preferring craft beer as compared to traditional beer. This has led to an increase in the number of microbreweries and brewpubs around the globe. Due to the rise in the number of microbreweries, the demand for microbrewery equipment is increasing, which in turn, is driving the overall demand for brewery equipment in craft breweries.
With the growing trend of craft beer consumption and the rising number of craft breweries, especially microbreweries, and brewpubs, this segment is projected to grow at the highest CAGR in the next six years. In craft breweries, the beer is manufactured using a variety of ingredients to achieve the desired aroma, body, flavor, and finish. The process may be traditional, but some constant experimentations and innovations are being undertaken to create varieties.
North America is projected to be the fastest-growing region during the forecast period in the brewery equipment market. The high growth rate in North America and the increasing investments by leading beer manufacturers for expansions is further projected to drive the market growth. Also, the region is witnessing significant demand for craft beer.
Key players in the brewery equipment market include Alfa Laval (Sweden), GEA Group (Germany), Krones Group (Germany), Paul Mueller (US), Praj Industries (India), and Ningbo Lehui International Engineering Equipment Co., Ltd. (China). The major players in the beer processing market include Anheuser-Busch InBev (Belgium), Carlsberg Group (Denmark), Heineken (Netherlands), Asahi Group Holdings, Ltd (Japan), Molson Coors Brewing Company (US), and Tsingtao Brewery Co. Ltd (China).
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