The global brewery equipment market is estimated to be valued at USD 18 billion in 2020 and is projected to reach USD 26.40 billion by 2027, recording a CAGR of 4.6 % from 2020 to 2027. Major drivers of the global brewery equipment market are rise in consumption of beer has promote for expansion of plant capacity, rise in investment by the brewery processing sector, and product portfolio expansion by large-scale brewing companies. In addition, prominent players are focusing on expansion of business by installing new brewery plants across the globe which is expected to propel the market in the coming years.
However, a major restraint of the global brewery equipment market is the refurbishment of old equipment to enhance, expand, or renovate brewery facilities and operations. Nevertheless, improving designs of brewery equipment and penetration of e-commerce business are expected to create significant opportunities for the brewery equipment market.
Brewery equipment is a set of several tools and monitoring systems used in brewing or processing of beer. The brewing process consists of various steps such as milling the grain, malting, mashing, lautering, boiling, wort separation, cooling, fermenting, conditioning, filtration, carbonation, cellaring, and filling. Each process requires specific equipment to perform the task of brewing. Choice of equipment may vary on the basis of volume of processing or as per customized demand of the beer being produced.
Brewery equipment is utilized for the processing of beer in small-scale, medium-sized, or large-scale operations. Increase in the consumption of different beer products is driving the demand for brewery equipment across the globe. Increasing investment by the brewery processing sector along with monitoring of brewery processing in automated mode has increased the demand for brewery equipment, thereby fuelling the market. Increasing popularity of beer culture among end-users is also expected to boost the global brewery equipment market during the forecast period.
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).
By region, the global brewery equipment market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Europe dominated the global brewery equipment market and is expected to grow at the highest CAGR during the forecasted period owing to the shift in the consumption of the low or no alcohol beer from the alcoholic drinks. The beer provides the health benefits such as protecting the heart, preventing the kidney stones, lowering the bad cholesterol, strengthening the bones, reducing stress, improving memory, and increasing the cognitive function. There is the presence of a large number of companies manufacturing the beer. There is the adoption of the advanced beer equipment for manufacturing the beer. There is a high demand for premium and craft beer in the United Kingdom and Germany. European countries such as Germany, the United States, Spain, and Russia are the largest consumer of the beer.
North America region is expected to have positive market growth due to the growing consumption of the beer with the growing health concerns. There is an increase in the investment by the organizations, associations, and institutes to the brewer manufacturers. For instance, The Brewers Association provides grants in support of BA member breweries. These associations support the research that aligns with member priorities providing a sustainable and profitable future for United States small and independent breweries. The Brewers Association has supported the research and service grants for public barley and hop variety development, hop disease, and hop aroma, as well as supporting affiliated national and state-level grower organizations. The easy availability of the raw materials shall boost the demand for brewery equipment over the forecasted period.
Report : Brewery Equipment Market - By Equipment Type (Microbrewery Equipment, Craft Brewery Equipment), By Brewery Type (Microbrewery, Craft Brewery), By Mode Of Operation (Manual, Automatic, Semi-Automatic), And By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, Opportunity and Forecast 2020 To 2027