Monday, 13 February 2023 05:33 AM
Company Update
WILMINGTON, DE / ACCESSWIRE / February 13, 2023 / According to a TMR study, the global brewery equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2022 to 2031.
Brewery equipment are products used in brewing processes and beer manufacturing units such as craft breweries and brewpubs. The different types of brewery equipment available in the market are manual, automatic, and semi-automatic automation.
Launch of new equipment is helping leading players increase revenue and gain a competitive edge over other players. Additionally, well-established players are collaborating with other companies to expand presence and increase revenue share. In January 2022, Alfa Laval, a leading market player, announced collaboration with BenLink to expand its product range in the food and energy applications.
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Key Findings of Market Study
- Increase in Demand in Commercial End-use Industry: Based on end-use industry, the global market has been bifurcated into industrial and commercial. The commercial segment is anticipated to account for dominant market share during the forecast period. Growing number of bars & pubs, improving standard of living in developing economies, and rise in global population are factors likely to drive the segment in the next few years.
- Growing Demand for Fermentation Units: In terms of product type, the global market has been classified into fermentation units, brewhouse units, maturation units, and filtration systems. The fermentation units segment is likely to account for dominant market share during the forecast period. Increase in usage of fermentation tanks for long periods during the brewing process is likely to propel the segment in the near future. After the brewing and mashing procedures, the wort is placed in a fermentation tank for the fermentation process. This is likely to increase demand for fermentation tanks during the forecast period.
Brewery Equipment Market - Key Drivers
- Rise in demand in industrial breweries across the globe is driving the global brewery equipment market
- Growing number of beer-producing companies and brewpubs is augmenting market development
- Surge in beer consumption, especially among the millennial population, is expected to propel demand for brewery equipment during the forecast period
- Advancements in brewery equipment, such as electric brewing systems, microbrewery equipment, and home beer brewing systems, are likely to propel industry growth in the near future
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Brewery Equipment Market - Regional Landscape
- Europe is anticipated to account for dominant market share during the forecast period. This is ascribed to rise in beer consumption among consumers and presence of a continuously growing beer industry in countries such as Germany and the U.K.
- Asia Pacific presents significant business opportunities for leading players due to rise in beer consumption among consumers in countries such as China and India. Leading players are likely to establish brewery equipment production units and R&D centers in countries in Asia Pacific due to ease of availability of land and labor.
Brewery Equipment Market - Key Players
The global market is fragmented, with the presence of several international and local players. Prominent players are investing in R&D to manufacture improved equipment that meets consumer requirements. Rise in demand for improved equipment in different establishments, such as brewpubs, is likely to expand market size during the forecast period.
Key players operating in the market are Alfa Laval, Della Toffola, Hypro Group, Paul Mueller, and GEA Group.
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The global brewery equipment market has been segmented as follows:
Product Type
- Fermentation Unit
- Brewhouse Unit
- Filtration System
- Maturation Unit
- Others (milling unit, malting, tank pump, etc.)
Category
- Nano /Micro Brewery
- Macro/ Industrial Brewery
Automation
- Manual
- Semi-Automatic
- Automatic
End-use Industry
- Commercial
- Industrial
Distribution Channel
- Direct Sales
- Indirect Sales
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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