Brewery Equipment Market Size, Share, & Trends Analysis Report, By Type (Macrobrewery Equipment, Craft Brewery Equipment), By Mode Of Operation (Automatic, Semi-automatic, Manual) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Brewery Equipment market size was estimated at USD 20.3 billion in 2023 and is projected to reach USD 31.2 billion in 2030 at a CAGR of 6.2% during the forecast period 2023-2030.
The global brewery equipment market refers to the market for equipment used in the production of beer and other fermented beverages. The market offers tools for making, fermenting, and packaging beer as well as for keeping the brewing environment clean and at a consistent temperature. The growth rate of alcohol consumption has been relatively stable over the previous few years, but the demand for spirits has been progressively increasing. Alcohol has been a key component of social contact and bonding for many millennia. At social events, alcohol is now regularly supplied in the forms of beer, wine, ale, lager, and other variations. Due to an increase in alcohol use, manufacturers and brewers have boosted production to keep up with demand, especially
Major beer producers from across the world are investing in the business as a result of the rising popularity of the beer culture. In order to increase their market position, industry participants are also taking part in a variety of activities, such as brewery expansion, better yeast management, a focus on cellar equipment, energy recovery techniques, and outdoor grow. As the global economy strengthens, there is a lot of room for expansion in the food and beverage sector. Rising consumer demand is intimately correlated with the growth and expansion of several end user verticals, including healthcare, food and beverage, chemicals, and others.
The market for brewing equipment has been severely disrupted by the latest coronavirus epidemic. The epidemic has affected virtually every industry, having an impact on routine work-related activities. As a result, the food and beverage sector was forced to suffer financial losses, which had a detrimental effect on the market for brewing equipment. On the plus side, producers are concentrating on creating superior products while taking into account contemporary market trends in order to satisfy customer needs throughout the post-pandemic period. Following the pandemic, new technology developments will significantly improve the availability of brewery equipment in developing and emerging economies.
The need for brewing equipment has been positively impacted by the rise of microbreweries and brewpubs. Rising consumer preferences for artisanal and handcrafted beer over conventional brews or other distilled spirits are further factors driving the global market for microbrewery accessories. Major beer producers from across the world are investing in the business as a result of the rising popularity of the beer culture. Moreover, market participants are involved in a number of activities, including brewery expansion High maintenance and capital expenditure costs, as well as the price of energy and power usage, are anticipated to restrain market expansion.
North America to Dominate the Market