Brewery Equipment Market To Hit Value .88 Billion By 2027

Posted by Mrudula Anil Karmarkar on May 6th, 2022

The global brewery equipment market size is expected to reach USD 25.88 billion by 2027, expanding at a CAGR of 5.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Growing consumption of different types of craft beer across the globe is anticipated to drive the demand for brewery equipment.

Increasing usage of craft breweries, including brewpubs and microbreweries, globally is projected to drive the market over the forecast period. Furthermore, constant product innovations are resulting in an increased focus of the prominent market players towards business expansion by installing new breweries, thereby augmenting the product demand.

Macro breweries require a high number of tanks as well as high capacity equipment to ensure consistency in beer production on a large scale, thereby resulting in higher equipment demand. Furthermore, rising demand for craft beer due to the growing preference among individuals for natural, tasty, and local products is likely to complement the market growth.

Various brewers are adopting considerable changes in the operations as well as brewing processes to differentiate their products based on factors, such as taste and packaging. The increased level of competitiveness in the industry is likely to result in the increased focus of market players towards the development of superior products over the forecast period.

Rising preference for craft brewery on account of its unique taste and increasing popularity among beer consumers across the globe are expected to augment the demand for brewery equipment over the forecast period. Increasing demand for brewery equipment is attributed to the rising demand for beers on account of benefits, such as low-calorie content and a high number of antioxidants. Furthermore, beer is a type of liquor made from natural ingredients, including yeast, hops, malted cereals, and water. It thereby contains fibers, vitamins, minerals, and polyphenols that positively contribute to the consumer\'s diet.

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Brewery equipment includes a set of monitoring systems and tools that are used for beer processing in various small, medium, and large-scale applications. The market is largely driven by developments focused on automating the beer-making process. Increasing focus on mechanization and digitization by the beer manufacturers to ensure the progressive enhancement of cost benefits is anticipated to bolster the market growth.

Brewery Equipment Market Report Highlights

• Europe accounted for 48.2% share of the global revenue in 2020 on account of increased beer consumption, coupled with a surge in beer processing, thereby leading to propelled demand for brewery equipment
• By mode of operation, the automated brewery equipment is estimated to expand at a significant CAGR from 2020 to 2027 owing to the increased focus of various economies, including Brazil and Argentina, on optimization and automation in the beer-making process
• The U.S. dominated the North American market by accounting for 71.4% share of the overall revenue in 2020 owing to the exponential demand for beer, resulting in brewery expansion by major brewers, thereby driving the demand for brewery equipment
• In the craft brewery equipment type, compressors accounted for 21.1% share of the overall revenue in 2020 on account of the multi-functional attributes of compressors, leading to its usage at various stages of brewing
• The key players in the industry are engaged in expanding facilities and product portfolios to ensure their market dominance.

The global market is fragmented owing to the presence of a wide array of manufacturers operating in the international and domestic markets. The market is characterized by the presence of a significant consumer base across the globe with the companies operating their businesses through dedicated distribution networks. Rigid competition from the regional market players as well as the leading players that cater to cost-effective equipment is anticipated to be a primary challenge for the companies operating in the international market. Furthermore, surging R&D initiatives by market leaders to develop and offer superior equipment are projected to be a limitation for the new entrants. Some of the prominent players in the brewery equipment market include:

• Alfa Laval
• GEA Group
• Krones AG
• Paul Mueller
• Criveller Group
• Della Toffola
• Kaspar Schulz
• Hypro Group