As per the latest analysis by Reports and Data, the global Microbrewery Equipment Market was valued at USD 18.10 Billion in 2021 and is projected to grow to USD 30.15 Billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 6.0%. The brewing process involves various steps such as milling, malting, mashing, boiling, wort separation, fermentation, conditioning, filtration, carbonation, cellaring, and filling, which generate demand for specialized equipment designed for each of these steps.
The expansion of the Microbrewery Equipment industry is primarily driven by the increasing global consumption of beer and the growing demand for premium and craft beer. The rise in the number of microbreweries and brewpubs has contributed to the growth of the industry, and there are many opportunities for growth as the designs of brewing equipment continue to improve. North America is expected to experience significant growth in the forecast period due to an increase in the number of breweries and the rising demand for craft beer. In 2018, craft brewer sales grew at a rate of 4% by volume and accounted for around 13.2% of the U.S. beer industry by volume. Additionally, there was a significant increase in the number of microbreweries and brewpubs.
Some important findings from the report include the fact that while macro breweries are the most common end-use segment for the industry, the increasing popularity of craft beers is threatening their dominant position, causing them to launch their own craft-inspired brands. The durability and after-sales service of equipment also play an essential role in determining the growth of the industry. Cooling equipment is expected to witness the fastest growth under the macro brewery segment, while fermentation equipment is crucial in the craft brewery segment.
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Major Companies:
Krones Group, Hypro Group, MEURA, Praj Industries, Kaspar Schulz, Criveller Group, Paul Mueller Company, Apex Brewing Supply, DEGONG, and Della Toffola.
The key driving factors of the Microbrewery Equipment market are:
- Rising global beer consumption: The expansion of the Microbrewery Equipment market is closely related to the rising global demand for beer. This is brought on by the rise in popularity of beer as a social beverage and the rising standard of living among the middle class.
- Growing demand for premium and craft beers: The demand for high-quality Microbrewery Equipment is being driven by a growing trend towards premium and craft beers.
- Development of microbreweries and brewpubs: The need for Microbrewery Equipment is being driven by the global expansion of microbreweries and brewpubs.
- Improving Microbrewery Equipment designs: The industry is seeing expansion thanks to the development of creative and effective Microbrewery Equipment.
The key restrain factors of the Microbrewery Equipment market are:
- High cost of equipment: The cost of Microbrewery Equipment can be high, which may limit adoption among small-scale brewers.
- Stringent regulations and taxes: The production and sale of alcoholic beverages are regulated by various governments, which may act as a restraint on the growth of the market.
- Competition from established players: The market is dominated by a few large players, which may make it difficult for new players to enter the market.
- Limited availability of raw materials: The availability of raw materials such as hops and barley may limit the production of beer and, in turn, limit the demand for Microbrewery Equipment.
Notable Innovation in Microbrewery Equipment Market:
- Automated brewing systems: Many breweries are now using automated brewing systems to improve efficiency and consistency in the brewing process. These systems can monitor and control temperature, pressure, and other variables, resulting in higher quality beer.
- Energy-efficient equipment: The development of energy-efficient brewing equipment has reduced energy consumption and lowered the carbon footprint of breweries. This includes equipment such as high-efficiency boilers, heat recovery systems, and LED lighting.
- Smart technology: The use of smart technology in brewing equipment is becoming increasingly common. Smart sensors and data analytics can help breweries optimize their brewing processes and improve quality control.
- Modular brewing systems: Modular brewing systems allow breweries to expand their production capacity without investing in new equipment. These systems can be easily added to existing setups, making them a cost-effective solution for breweries looking to scale up their operations.
- Non-traditional ingredients and flavors: Some breweries are experimenting with non-traditional ingredients such as fruit, spices, and herbs to create unique and flavorful beers. This requires specialized equipment such as infusion tanks and flavor extractors.
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