Western Market Research-WMR one of the world’s prominent market research firms has released a new report on Global Brewery Equipment Market. The report is full of crucial insights on the market which will help the clients in making correct business decisions. This research will help both existing and new aspirants for Brewery Equipment Market to figure out and study market requirements, market size, and competition. The report talks about the supply and demand scenario, the competitive market scene, challenges for market growth, market opportunities, and the threats faced by key players.
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The global Brewery Equipment market was valued at USD 15.76 Billion in 2018 and is expected to reach USD 25.11 Billion by year 2026, at a CAGR of 6.0%. Increasing global demand for beer owing to health benefits of such as high number of antioxidants and low calorific content among others. Beer is made from natural ingredients, such as malted cereals, hops, yeast and water. Thus, it contains minerals, vitamins, fiber and polyphenols which positively contribute to a person’s diet.Brewery equipment are a set of tools and monitoring systems used in the processing of beer in small-scale, medium-scale and large-scale applications. The beer equipment market is heavily driven by innovations focused on automating the procedures. The increasing popularity of beer culture is bringing in investment for the industry from top beer manufacturers. Companies are focusing on brewery expansion, cellar equipment, outdoor expansions, enhanced yeast management and energy recovery methods to strengthen their footprints in the sector.
Growing demand for craft beer owing to increasing preference among consumers for varied, tasty, natural and local products is also likely to create growth opportunities for the industry. Moreover, increased restructuring of beer laws by many regions such as the U.S. and Europe to meet the rising demand is anticipated to boost the market. However, heavy capital requirements for brewery equipment is expected to hinder growth to some extent.
Europe is forecasted to be a key revenue generating region for the industry. The region accounted for around 46.6% of the market in 2018. Increase in the number of breweries and microbreweries in the region is expected to influence growth. According to statistics published by The Brewers of Europe, the number of microbreweries in the region has almost doubled in the last five years and the current count of breweries in the European Union is around 9500. Other factors such as rising investment by companies in specialty beers, with ever better non and lower alcohol beers is also projected to create lucrative growth opportunities.Key players include Alfa Laval, GEA Group, Krones Group, Paul Mueller , Praj Industries, Meura SA , Della Toffola, Criveller Group, Kaspar Schulz, Ningbo Lehui International Engineering Equipment Co., Ltd. Hypro Group, Shanghai Hengcheng Beverage Equipment Co., Ltd. (China), MEURA, and Ziemann Holvrieka GmbH.Macro Brewery Equipment, Craft Brewery Equipment,Automatic, Semi-automatic, Manual,Macro Brewery, Craft Brewery
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