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(Health-NewsWire.Net, March 12, 2021 ) The 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. Increasing number of microbreweries and brew pubs, rise in demand for craft beer across regions, and product innovations in the brewery equipment market are factors driving the growth in the brewery equipment market.
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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. The other functions of compressed air are nitrogen production, pushing of yeast and beer from the container, and cleaning and sanitation. Due to its multifunctional attributes, the demand for compressors remains high.
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. The rising demand for premium and craft beer in the region, particularly in the UK and Germany, is also driving the market in Europe.
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).
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