Market Research Report
Beer Processing Market by Brewery Type (Macrobrewery, Microbrewery, Brew Pubs, Regional), Beer Type (Lager, Ale & stout, Specialty beer, Low alcohol beer), Distribution Channel, Price Category, Equipment Type, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||891059|
|Published||Content info||206 Pages
Delivery time: 1-2 business days
|Beer Processing Market by Brewery Type (Macrobrewery, Microbrewery, Brew Pubs, Regional), Beer Type (Lager, Ale & stout, Specialty beer, Low alcohol beer), Distribution Channel, Price Category, Equipment Type, and Region - Global Forecast to 2025|
|Published: July 15, 2019||Content info: 206 Pages||
The global beer processing market is projected to grow at a CAGR of 3.1% from 2019, to reach USD 815.4 billion by 2025. The global beer market is estimated to hold a market value of USD 660.7 billion in 2019, while the global brewery equipment market is estimated at USD 16.8 billion in 2019. The growing demand for premium and craft beer, an increasing number of microbreweries and brewpubs, and product innovations in the brewery equipment market are factors that further contribute to the growth of the beer processing market. Huge capital investment, high maintenance costs, and rising energy costs are projected to inhibit the growth of the brewery equipment market.
Based on the beer type segment, the beer market is segmented into lager, specialty beer, ale & stout, and low alcohol beer. The lager subsegment includes standard and premium lager. At present, consumers opt for moderate alcohol intake, which provides profitable opportunities for the beer processors for new product launches and expansions. The consumers' inclination toward low-alcohol or no-alcohol beer also provides a boost to the overall beer market as new microbreweries and brewpubs are opening globally, offering a variety of beer produced in small batches.
The on-trade segment in the beer market is expected to grow at the highest CAGR of 3.5%, in terms of value, during the forecast period. The growing disposable income, increasing number of themed pubs, trendy bars, cafes, sophisticated restaurants, and rising adoption of western culture in developing countries has resulted in consumers paying more for beer products. Generally, the profit margins of beer processors, when selling to on-trade customers are twice those compared to selling to off-trade customers. Along with higher margins in the on-trade channels, a brewer's products are presented in their best possible form.
Based on the brewery type segment, the brewery equipment market is segmented into microbrewery and craft brewery. There has been a rise in the demand for premium and flavored beer produced in small batches. Consumers also prefer craft beer more as compared to traditional beer. This has led to an increase in the number of microbreweries and brewpubs around the globe. Due to the rise in the number of microbreweries, the demand for microbrewery equipment is increasing, which, in turn, is driving the overall demand for equipment in craft breweries.
The Asia Pacific region accounted for nearly 33% of the market share in the total beer volume market in 2018. The region is witnessing a growing trend of premiumization and low or no alcohol beer beverages due to its health benefits. The region is marked by the presence of various large beer manufacturers including Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), United Breweries (India), China Resources Snow Breweries Limited (China), and Carlsberg A/S (Denmark). Some of the beer equipment manufacturers present in this region include Alfa Laval (Sweden), GEA Group (Germany), Krones (Germany), and Ningbo Lehui International Engineering Equipment Co Ltd (China). China's beer market continues to be the largest in the world.
North America is projected to be the fastest-growing region during the forecast period in the brewery equipment market due to the increasing investments by leading beer manufacturers for expansions. Also, the region is witnessing significant demand for craft beer. Mexico is one of the most favorable markets for beer manufacturers to expand due to the rising demand for beer and easy availability of raw materials. According to Kirin Holdings Company, Limited, the US was the second-largest beer producing country in the world in 2017 and is witnessing a significant rise in the number of breweries. Due to these factors, the brewery equipment market witnesses a high growth rate in this region.
Others include sales managers, marketing managers, and product managers.
This report segments the beer processing market into (brewery equipment - equipment type, brewery type), and (beer market- beer type, price category, distribution channel) and region. In terms of insights, this research report focuses on various levels of analysis-competitive landscape, end-use analysis, and company profiles-which together comprise and discuss the basic views on the emerging & high-growth segments of the beer processing market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.