Brewery Equipment Market to Witness Significant Growth in Coming Years

Posted on 2021-03-15 by MarketsandMarkets in Food & Beverage // 0 Comments

The global brewery equipment market is estimated to be valued at USD 16.8 billion in 2019 and is projected to reach USD 24.0 billion by 2025, recording a CAGR of 6.1% from 2019 to 2025. The growing number of microbreweries, as well as brew pubs, have significantly driven the market for brewery equipment. The other factors responsible for driving the global market is increasing consumer preferences for artisanal and craft beer as compared to traditional beer or other alcoholic beverages. Further, product innovations in the market have led to the growing need for updated and sustainable brewery equipment by beer manufacturers.

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By macrobrewery equipment type, the fermentation equipment segment is projected to account for the largest share in the macrobrewery equipment market

In the macrobrewery equipment market, the fermentation equipment segment is projected to be the largest market in 2025. During the fermentation process, the wort is kept in the tanks for few weeks and acid is released as a byproduct, due to which, there are increasing chances of tank deterioration.

By craft brewery equipment type, the compressors segment is projected to account for the largest share in the craft brewery equipment market

Compressors are used in craft breweries at various stages of brewing. They are used to produce compressed air for aeration during fermentation, which is an important stage of the brewing process. The air from the compressor is also used to provide power to the equipment involved in beer clarification and to remove solid particles. In addition, compressed air is used during the bottling of beer and carbonation.

By brewery type, the macrobrewery segment accounted for the largest market size in the global market during the forecast period

As the beer market around the globe is dominated by the macrobreweries segment, the growth of the brewery equipment market for macrobreweries remains high. Macrobreweries require high capacity equipment to carry on large-scale beer production. This leads to increasing demand for high capacity equipment. While the demand for craft beer is growing at an exponential rate, the market is dominated by the macrobreweries segment. Macrobreweries require large equipment or larger turnkey projects with higher capacity at a higher value. Hence, the market size remains high.

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Europe constituted 47% of the market share in the global 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).

Key players in this 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). Market players adopted various business strategies such as new product launches, expansions, acquisitions, agreements, collaborations, and partnerships in the last few years, to meet the growing demand for brewery equipment.

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