According to the current analysis of Reports and Data, the global Beer Processing market was valued at USD 739.0 Million in 2020 and expected to reach USD 928.1 Million by the year 2028, at a CAGR of 2.8%. The method of making beer is known as brewing. Brewing beer is a topic to regulation and levy in developed countries, which from the late 19th century largely limited brewing to a commercial operation only. The factors which contribute towards the growth of its processing include the increasing number of microbreweries and brewpubs. Several breweries such as Heineken, Greene King, AB InBev, and Budweiser have added their flagship products to their portfolios in low alcohol versions. Also, an increase in product innovations and development in the industry for brasseries have resulted in the growing number of manufacturers for modern and sustainable breweries. The growing consumer income has resulted in spiking up the expenditure spending, which boosts up the demand for a premium brand and expected to drive the industry in the forecasted time. The introduction of fresh ingredients and creative flavors such as mixing salty, fruity, and aroma sodas by various manufacturers have made it more appealing and grasping the attention of audiences.
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Asia-Pacific region such as India, China is experiencing a drastic increase in consumption of beer due to relaxing government norms in manufacturing drinks, and the number of craft breweries and micro-breweries have risen, and this sum expected to grow up in upcoming years. Craft breweries in India are independently owned and they tend to emphasize quality, flavor, and brewing technique. Even though the APAC region has a strong market for whiskey and beer industry, millennials who travel and drink experience rather than to get high, craft beer is among the latest go-to drinks. Microbreweries located in most major cities in the region prefer ales, wheat, and stout rather than commercial ones. Ale & stout is witnessing a significant industry potential in upcoming years due to a change in taste preference by the population.
Key companies operating in the global Beer Processing market profiled in the report:
- Krones Group (Germany),
- Paul Mueller (US),
- Alfa Laval (Sweden),
- GEA Group (Germany),
- Praj Industries (India),
- Ningbo Lehui International Engineering Equipment Co., Ltd. (China)
- Others
The report offers details about each market player along with the global position, financial standing revenue contribution, product portfolio, and business expansion plans. The global Beer Processing market is extremely comprehensive and consists of leading players at regional and global levels focusing on adopting various strategies such as partnerships, joint ventures, mergers and acquisitions, collaborations, new product launches and research and development investments.
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The food and beverage industry is rapidly expanding in terms of revenue and is expected to account for lucrative revenue growth between 2021 and 2028 owing to rapid developments in the food and beverage sector, rising demand for high quality food, rapidly expanding global population and constantly changing public preferences. In addition, increasing investments to develop sustainable and eco-friendly products, increasing adoption of veganism and rising consumption of energy drinks, probiotics and increasing demand for packaged food are boosting global market growth.
Asia Pacific is expected to register fastest revenue CGAR throughout the forecast period owing to factors such as increasing consumption of healthy food and food products, emergence of new market players, rising disposable income and increasing demand for meat free and gluten free products.
Market Segmentation:
Brewery Type (Revenue, USD Million; 2020–2028)
- Macro brewery
- Craft Brewery
Beer Type (Revenue, USD Million; 2020–2028)
- Lager
- Ale & stout
- Specialty
- Low alcohol
Price Category (Revenue, USD Million; 2020–2028)
- Mainstream
- Discount
- Premium
- Super-Premium
Equipment Type (Revenue, USD Million; 2020–2028)
- Macro brewery Equipment
- Craft Brewery Equipment
Distribution Channel (Revenue, USD Million; 2020–2028)
- Off-Trade/Off-Premise Channels
- On-Trade/On-Premise Channels
Key questions addressed in the global Beer Processing market report:
- Who are the key players operating in the global Beer Processing market?
- What are the key outcomes of SWOT analysis and Porter’s Five Force analysis of the global Beer Processing market?
- What are the key restraints that are expected to hamper global Beer Processing market growth during the forecast period?
- What are the key factors expected to boost global market revenue growth between 2021 and 2028?
- What revenue CAGR is the global Beer Processing market expected to register throughout the forecast period?
- Which region is expected to account for dominant revenue share over other regional markets throughout the forecast period?
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