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(Health-NewsWire.Net, January 07, 2022 ) 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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Based on the macrobrewery equipment segment, the market is segmented into milling equipment, brewhouse, cooling equipment, fermentation equipment, filtration & filling equipment, and others. The fermentation equipment segment is estimated to account for the largest market share in 2019.
By brewery type, the brewery equipment market is segmented into macrobrewery and craft brewery. The craft brewery segment is further segmented into microbrewery, brew pubs, and others. The craft brewery segment is estimated to grow at the highest CAGR, due to the rise in demand for premium and flavorsome beer produced in small batches.
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Europe is witnessing a growing trend of low or no alcohol beer due to health benefits. The region also witnesses the presence of leading beer manufacturers including Anheuser-Busch InBev (Belgium), SABMiller (Belgium), Heineken N.V. (Netherlands), and Carlsberg A/S (Denmark). In addition, according to Kirin Holdings Company, Limited, in 2017, Germany, the UK, Spain, and Russia were also amongst the top 10 beer consuming countries in the world. The rising demand for premium and craft beer in the region, particularly in the UK and Germany, is also contributing to the brewery equipment market in Europe.
Leading companies. It includes the profiles of leading companies such as 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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