May 17, 2019
Brewery Equipment Market driven by factors like growing demand for premium and craft beer, an increasing number of microbreweries, brew pubs, & continuous product innovations in brewery equipment market. Growthe in number of microbreweries, and brew pubs, have significantly driven market for brewery equipment
Pune, India - May 17, 2019 /MarketersMedia/ —
Brewery equipment market is estimated to be valued at USD 16.8 billion in 2019 & projected to reach USD 24 billion by 2025, recording a CAGR of 6.1% from 2019 to 2025. Other factors responsible for driving the global brewery equipment market increasing consumer preferences for artisanal & craft beer as compared to traditional beer or alcoholic beverages. Further, product innovations in brewery equipment market have led to growing need for updated & sustainable brewery equipment by beer manufacturers.
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Brewery type segment, brewery equipment market is segmented into microbrewery and craft brewery. There has been a rise in demand for premium and flavorsome beer produced in small batches. Consumers are shifting from traditional beer to craft 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 equipment in craft breweries.
“By craft brewery equipment type, the compressors segment is projected to account for the largest share in the craft brewery equipment market.”
The fermentation equipment segment is estimated to grow at the highest CAGR. During the fermentation process, the wort is kept in the tanks for few weeks and acid is released as a byproduct. Due to this, there are major chances of tank deterioration. Since the tanks are occupied for a longer duration during the process, there can be a requirement for more tanks by craft breweries to increase production.
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Europe constituted 47% of the market share in the brewery equipment market. The region is witnessing a growing trend of low or no alcohol beer due to its health benefits. The region witnesses the presence of various large beer manufacturers including Anheuser-Busch InBev (Belgium), SABMiller (Belgium), Heineken N.V. (Netherlands), and Carlsberg A/S (Denmark).
Rising demand for premium and craft beer in region, particularly in UK and Germany, is also driving brewery equipment market in Europe. North America is projected to be fastest-growing region during the forecast period in brewery equipment market. The high growth rate in North American region and the increasing investments by leading beer manufacturers for expansions further projected to drive the market growth.
Recent Developments
• In March 2019, Alfa Laval launched a magnetic mixer—the Alfa Laval LeviMag, engineered for the aseptic processing of food, beverages, and dairy products. The product offers reduced maintenance costs, increased yields, as well as improved performance.
• In October 2018, to strengthen its hold in the processing technology in the US, the Krones Group acquired W.M Sprinkman Corporation (US), a company that provides engineered food & beverage processing equipment, which are specialized in dairy & brewing industries.
• In January 2018, GEA Group acquired Vipoll (Slovenia), a beverage filling technology and equipment company. This acquisition helped GEA in broadening and strengthening its position in the beverage industry by adding beverage packaging equipment & technology to its product portfolio.
Details on “Brewery Equipment Market by Type (Milling, Brewhouse, Cooling, Fermentation, Filtration, Filling), Brewery Type (Macrobrewery, Microbrewery, Brew Pubs, Regional), Mode of Operation (Manual, Automatic, Semi-automatic), and Region – Global Forecast to 2025” Study Report Now at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=2215185 .
Key players in the brewery equipment market include Alfa Laval (Sweden), GEA Group (Germany), Krones Group (Germany), Paul Mueller (US), Praj Industries (India), Meura SA (Belgium), Della Toffola (Italy), Criveller Group (US), Kaspar Schulz (Germany), Ningbo Lehui International Engineering Equipment Co., Ltd. (China), Hypro Group (India), and Shanghai Hengcheng Beverage Equipment Co., Ltd. (China).
Reasons to buy this report
This report segments the brewery equipment market on the basis of equipment type, brewery type, mode of operation, and region. In terms of insights, this research report focuses on various levels of analysis—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the food grade gases market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
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Source: MarketersMedia
Release ID: 513980
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