The brewery equipment market includes machines and tools that are used in the production of beer. Beer brewing involves processing of raw materials such as malted barley, hops, yeast, and water. Efficient and high-quality brewery equipment such as brewhouses, fermentation tanks, filtering equipment, and filling machines ensure consistency and quality in beer production. Brewhouses are used for mashing, lautering and wort separation processes while fermentation tanks are used for fermenting wort into beer. Filtering equipment such as centrifuges and membrane filters sterilize and clarify the beer. Filling machines automate the bottling and packaging of beer.
The Global Brewery Equipment Market is estimated to be valued at USD 22.1 Bn in 2024 and is expected to reach USD 33.3 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
Key Takeaways
Key players operating in the Brewery Equipment market are Alfa Laval, GEA Group, Krones Group, Paul Mueller, and Praj Industries.
Rising numbers of microbreweries and craft breweries present lucrative growth opportunities for brewery equipment manufacturers. Government efforts to promote local breweries further encourage new entrants in the market.
Asia Pacific represents the fastest growing regional market for Brewery Equipment Market driven by China, India and Southeast Asian countries. Manufacturers are expanding their operations in the region to tap rising demand. North America and Europe continue to dominate the global market.
Market drivers
Growth in the global beer market is a major driver for brewery equipment demand. Increasing health-consciousness and experimentation with different flavors have boosted beer consumption worldwide over the years. Premiumization trends prompt companies to invest in new and technologically advanced equipment to produce unique craft beers. Government support for small and local breweries also accelerates the requirement for brewery equipment.
PEST Analysis
Political: Regulations regarding alcohol production and distribution across regions has a significant impact on the demand for brewery equipment. Any changes to licensing and taxation policies may positively or negatively influence the market.
Economic: Macroeconomic factors such as per capita income, GDP growth, interest and inflation rates determine the discretionary spending power of consumers which in turn affects the demand for beer and related equipment purchases by breweries.
Social: Cultural trends around social drinking and popularity of craft beers is a key factor influencing the growth prospects of microbreweries and craft brewers. This presents opportunities for equipment suppliers.
Technological: Advancements in automation, materials, energy efficiency and quality control equipment enable higher production capacities and consistency in quality & taste. This encourages breweries to invest in latest machinery for competitive advantages.
Geographical Regions with High Concentration
The brewery equipment market is highly concentrated in North America and Europe in terms of value. This can be attributed to the high number of well-established breweries and craft brewers operating in countries like the U.S., Germany, UK, Italy, Belgium etc. The growing beer consumption in these regions along with reuse/replacement demand ensures continuous equipment procurement.
Fastest Growing Regional Market
The Asia Pacific region is expected to witness the highest growth in the brewery equipment market over the forecast period. This is due to increasing investments by international brewers in countries like China, India and Southeast Asia to tap growing beer demand from a rising affluent middle class. The regional market is also benefitting from the establishment of new microbreweries & craft brewers adopting advanced machinery.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
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