Microbrewery Equipment Industry Product Demand, and Key Players
Market Analysis
The global microbrewery equipment market is likely to touch USD 4.8 billion at a 9.30% CAGR between 2020- 2027, according to the recent Market Research Future (MRFR) report. The brewery equipment, simply put, is a set of monitoring systems and tools used in the processing or brewing of beer.
Various factors are adding to the global microbrewery equipment industry growth. Such factors, according to the new MRFR report, include product innovations, rising preference of consumers for artisanal & craft beer, growing number of brew pubs & microbreweries, and entry of big brewers in the microbrewery market.
On the contrary, high-energy costs and large-scale capital requirements are factors that may limit the microbrewery equipment market growth.
Covid-19 Analysis /Covid-19 Impact on the Microbrewery Equipment Market
Stay-at-home and lockdown orders have transformed consumers’ typical patterns of alcohol consumption, which has created an impact on the brewery equipment production. Companies moreover, are operating with a reduce workforce that has impacted their overall capacity. Various lockdown measures that have been imposed by the government also resulted in logistic challenges.
Restaurants and pubs are shuttered due to the social distancing protocol. Consumption, distribution, and production of brewery equipment automatically have been hampered for the ongoing pandemic. The daily traffic of restaurants across the world dropped precipitously. Closures of restaurants resulted in aripple effect amid related industries like beer, wine, and liquor production and food production. Of late following the relaxation declared by the government to open liquor shops has spell some good news for the microbrewery equipment market, resuming production with distribution reopening all over the country. Opening retail will help in preventing the tainted liquor flow, loss, and bootlegging of the state government revenue.
Key Players
Leading players profiled in the global microbrewery equipment market report include GEA Group Aktiengesellschaft (Germany), ALFA LAVAL (Sweden), Shanghai HengCheng Beverage Equipment Co., Ltd (China), Della Toffola SpA (Italy), MEURA (Belgium), Paul Mueller Company (US), BrauKon GmbH (Germany), LEHUI (China), Krones AG (Germany), and ICC Northwest, Inc. (US).
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the microbrewery equipment market report based on the mode of operation and type.
By mode of operation, the microbrewery equipment market is segmented into manual and semi-automatic & automatic. Of these, the semi-automatic & automatic segment will lead the market over the forecast period for the increasing automation of the production process for increasing efficiency.
By type, the microbrewery equipment market is segmented into cooling equipment, mashing equipment, fermentation equipment, and others. Of these, the fermentation equipment segment will dominate the market over the forecast period as fermentation is a vital step in craft beer production.
Regional Analysis
Based on the region, the global microbrewery equipment industry report covers the recent trends & growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Rest of the World (Row). Of these, Europe will have the lions share in the market over the forecast period for the burgeoning demand for premium and craft beer and the presence of many brewpubs and microbreweries in the region.
The global microbrewery equipment market in North America is predicted to have significant growth over the forecast period for huge allocation of funds in the production of brewery equipment by leading beer manufacturers and huge consumption of craft beer. Mexico and the US are the major contributors in the region for easy availability of raw substances, high beer demand, and an increase in breweries.
The global microbrewery equipment market in the APAC region is predicted to grow at the highest CAGR over the forecast period for the burgeoning demand for beer in New Zealand, Australia, and India. Numerous restaurateurs in India are choosing to establish microbreweries rather than regular bars that are boosting the market growth in the region.
The global microbrewery equipment market in the RoW is likely to have sound growth during the forecast period for increasing demand for beer coupled with huge investments of eminent players in this region.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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