The global brewery equipment market is estimated to
be valued at USD 16.8 billion in 2018 and is projected to reach USD 24.0 billion
by 2025, recording a CAGR of 6.1% from 2019 to 2025. The demand for brewery
equipment is significantly increasing due to factors such as the increasing number
of microbreweries and brew pubs and product
innovations in the brewery equipment market. High capital, maintenance costs, and
rising power and energy costs are projected to inhibit the growth of the brewery
equipment market. The European region is projected to account for the largest
market share due to the large beer industry in the region and the presence of leading
beer manufacturers. In addition, the increasing presence of craft breweries is
projected to drive the North American brewery equipment market.
The brewery equipment market, on the basis of equipment
type, is segmented into macrobrewery equipment and craft brewery
equipment. The macrobrewery equipment is
further segmented into milling equipment, brewhouse, fermentation equipment, cooling
equipment, filtration & filling equipment, and others. The market for
cooling equipment in macrobreweries is projected
to grow at a high rate due to the increasing demand among beer manufacturers.
The cooling equipment in macrobreweries
is used to maintain the requisite temperature in all the beer tanks. This is
the most utilized equipment at various levels of the whole process. It is also
used to cool down the wort. Since the equipment witnesses
increased demand and temperature
fluctuations throughout the year, there
is a need for frequent replacement or maintenance of these equipment. Due to these factors, the cooling equipment market
is projected to grow at the highest CAGR during the forecast period.
The craft brewery equipment segment is further
segmented into mashing equipment, fermentation equipment, cooling equipment,
storage equipment, compressors, and others. In the craft brewery equipment
market, the fermentation equipment segment is projected to be the
fastest-growing during the forecast period. During the fermentation process,
the wort is kept in the tanks for few weeks and acid is released as a
byproduct. Due to this, there are major chances of tank deterioration. Since
the tanks are occupied for a longer duration during the process, there can be a
requirement of more tanks by craft breweries to increase production. Due to these
factors, the fermentation equipment segment is projected to drive the market
for brewery equipment during the forecast period.
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The brewery equipment market, on the basis of brewery
type, is segmented into microbrewery and craft brewery. The craft brewery
equipment segment market is projected to grow at a higher CAGR by 2025. Over
the years, there has been a rise in the demand for premium and flavorsome beer
produced in small batches. Consumers these days are shifting from traditional
beer to craft beer. This has led to an increase in the number of microbreweries
and brewpubs around the globe. Due to the rise in the number of microbreweries,
the demand for microbrewery equipment is increasing, which in turn, is driving
the overall demand for equipment in craft breweries.
Increasing demand for brewery equipment in developing
countries such as China, India, Vietnam, and South America and focus on
digitalization, as well as automation for process optimization, are some of the opportunities
that are projected to drive the market.
The major players in the industry are focusing on new
product launches, expansions, acquisitions, agreements, collaborations, and
partnerships, to increase the global footprint in the brewery equipment market.
