"Overview of Beer Processing market"
The Beer Processing market is projected to reach more than US$ 902.7 Bn by 2027, likely to grow with a CAGR of 3.4 % during the forecast period.
The beer processing market is witnessing moderate growth since the last few years. The market is expected to gain traction in the coming years. Some of the major factors driving the growth of the global market include rising trend for organic beers, product innovations, and the growing availability of brewpubs and microbreweries.
Rising Adoption of Organic Beer and Increasing Purchasing Power Is Likely To Fuel the Growth of Global Market
The consumers from different regions are shifting towards healthy lifestyles and promoting the usage of natural and organic products. This is resulting in increasing the sale structure of organic beers which is expected to poise a positive impact on the growth of the global beer processing market. Several manufacturers are adding organic or no-alcohol beers into their portfolio. Moreover, product advancement and innovation in order to cater to consumer demand are anticipated to create ample opportunities for market growth.
Lager Segment held a significant share in the Global Beer Processing Market in 2018
On the basis of a beer type, the lager segment is expected to be the dominant region throughout the forecast period. Furthermore, in the lager segment, the premium lager segment is expected to show noteworthy growth in terms of volume. The growth of the lager segment can be attributed to the growing number of consumer base coupled with the rising trend of specialty and craft beer across the globe.
Fermentation Equipment Occupied Significant share in Global Beer Processing Market
In terms of equipment, the global market is dominated by a microbrewery equipment segment. The segment holds a larger market share in 2018. The fermentation equipment is a kind of specialized equipment used for fermenting produce and wort beer. The equipment has a larger customer base in different regions which is further expected to fuel the growth of the segment over the forecast period.
Craft brewery Segment is Anticipated to be the Fastest-Growing Segment
By equipment type, the Craft brewery equipment segment is projected to witness the highest growth rate during the period of the research study. This is mainly due to the rising demand for craft breweries such as brewpubs and microbreweries across the globe. The craft breweries offer better flavor, texture, and aroma which is making it popular among large customer base.
North America is estimated to Witness Highest Growth Between 2019-2027
In terms of region, North America is anticipated to grow at a significant CAGR during the forecast period. The growth of the region can be attributed to huge investments in research and development activities intended to enhance its customer base across the region by offering advanced products. Mexico is the largest contributor to beer processing market in North America. This is mainly due to the large consumer base and the easy availability of raw materials in the region.
On the other hand, Asia Pacific is expected to be the dominant region. The region is estimated to maintain its dominance throughout the forecast period. This is mainly due to the presence of several key players in the region including Carlsberg A/S, Anheuser-Busch InBev, Heineken N.V., China Resources Snow Breweries Limited, and United Breweries. China is the largest shareholder for the beer processing market in the Asia Pacific. The Chinese population is inclining toward premium and low-alcohol beer owing to the rising health consciousness and improving living standards. These all factors are favouring the growth of the region.
Product Launch and Acquisition are the Strategies Adopted by Players Operating in Global Beer Processing Market
The global beer processing market is highly competitive and fragmented with several global and few local enterprises. The enterprises are adopting different strategies in order to strengthen their foothold in the global market. Some of the instances are stated below.
In March 2019, Alfa Laval announced the launch of the magnetic mixer, branded as Alfa Laval LeviMag. The product is designed to employ with applications in several industries such as dairy products, and food & beverage industries.
In October 2019, Krones Group announced the completion of acquisition with W.M Sprinkman Corporation, a U.S. based company specialized in manufacturing food & beverage equipment used for brewing processing. The acquisition was intended to strengthen their foothold in the North America market.
In May 2019, Heineken announced the acquisition of Biela Ecuador in order to enter into the Ecuadorian beer market.
Some of the prominent companies operating in the global Beer Processing market include Tsingtao Brewery Co. Ltd, Alfa Laval, Molson Coors Brewing Company, GEA Group, Asahi Group Holdings, Ltd, Krones Group, Heineken, Paul Mueller, Carlsberg Group, Praj Industries, and Anheuser-Busch InBev.
Global Beer Processing Market by Brewery Type
- Craft brewery
Global Beer Processing Market by Beer Type
- Low Alcohol Beer
- Specialty Beer
- Ale and Stout
Global Beer Processing Market by Equipment Type
- Craft brewery equipment
- Macrobrewery equipment
Global Beer Processing Market by Distribution Channel
Global Beer Processing Market by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa