Market Highlights
Microbreweries are small breweries that manufacture small amounts of handcrafted beer. A shift in the perception of microbreweries from small-scale breweries to full-service companies has led to an increase in the number of microbreweries worldwide. Several famous major breweries are now joining the microbrewery industry to take advantage of lucrative markets and build a large customer base. As a result of these reasons, the global demand for micro-brewery equipment is experiencing substantial expansion. In addition, beer is among the five most consumed drinks in the world, which in turn favours demand development for commercial microbrewery equipment. Increased preference for craft brewery, given its unique taste and rising popularity among beer consumers around the world, is anticipated to spur for brewery equipment over the forecast period. Growing demand for brewing equipment is attributable to increasing demand for beer due to advantages such as low-calorie content and strong antioxidant content.
The main factors hindering the growth of the global microbrewery equipment market research are the need for high working capital and high energy costs to produce microbrewery equipment. Owing to strong industry competition, growing demand for other alcoholic drinks, and an increasing need for environmentally friendly brewing equipment, producers are facing difficulties. Due to the COVID-19 pandemic, demand for beer is undergoing a substantial decrease across various end-use sectors, which in turn is expected to have a major effect on consumer growth over the projected period. Movement limitations are anticipated to be an imminent and direct influence that adversely affects beer demand. Production, however, is likely to increase as the obligatory social distancing requirements end. Increased demand for craft beer in developing countries in Asia-Pacific and South America, however, is driving the establishment of microbreweries in these areas, which are expected to provide market players with growth opportunities.
Market Overview
Microbrewery Equipment Market 2020 is expected to cross USD 4.8 Billion by 2027 at a CAGR of 9.30% over the forecast period of 2020-2027.
Competitive Dashboard
ICC Northwest, Inc. (US), ALFA LAVAL (Sweden), LEHUI (China), BrauKon GmbH (Germany), Paul Mueller Company (US), MEURA (Belgium), Krones AG (Germany), Della Toffola SpA (Italy), Shanghai HengCheng Beverage Equipment Co., Ltd (China), and GEA Group Aktiengesellschaft (Germany) are some of the notable players of the market.
Segmental Analysis
Based on the type, the market has been segmented into fermentation equipment, mashing equipment, cooling equipment, and others.
By mode of operation, the market has been segmented into semi-automatic and automatic, and manual
Regional Overview
In 2020, North America accounted for a substantial market share and is expected to grow over the projected horizon at a significant CAGR. The increasing emphasis on catering for quality taste beverages and exclusive flavours of many producers in economies, including the United States and Canada, is likely to strengthen the region's demand for various brewery equipment.
Due to the presence of many microbreweries and brewpubs in the region, Europe is the largest market, accounting for a sales share of more than 45 percent in 2020. Furthermore, industry growth is catalysed by the strong demand for craft beer and premium beer in the area. To boost business growth, an upsurge in the reform of beer laws is predicted in numerous North American and European economies, such as the U.S., Germany, and the U.K.
Due to the growing demand for craft beer in countries like India, Australia and New Zealand, the APAC Microbrewery Equipment market outlook is projected to record the highest growth rate during the forecast period. The government's deregulation of the conditions for the establishment of breweries in different economies such as China and India, is expected to increase the demand for brewery equipment in the area over the forecast period. Many restaurateurs in India tend to set up microbreweries instead of traditional bars, which in turn is driving growth in the regional market. China has led the Asia Pacific market and is projected to see the region's fastest growth in the forecast era. Due to its health benefits, increasing tendency towards various varieties of beer is anticipated to boost demand for different macro and craft brewing equipment in the economy.
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