Press release
Brewing Enzymes Market Future Challenges and Industry Growth Outlook by 2019-2024
Brewing Enzymes Market
Charles Wells’ recent sale of the Bedford brewery to Marston’s is one of the many deals that indicates the developments in brewing enzymes market. The deal, supposedly signed for a valuation of GBP 55 million, grants Marston’s, the brewer & pub operator, the complete, exclusive business and beer distribution rights, thereby augmenting the position of the manufacturer in the regional brewing enzymes industry. The extensive demand for beer and alcoholic beverages on a universal level is one of the many principal drivers fueling the demand for brewing enzymes market.
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Key Players:
• Royal DSM
• Novozymes
• Danisco
• Lyven
• Megazyme
• Habio Bioengineering
• Jiangsu Boli Bioproducts
• Advanced Enzymes
• Enzyme Innovation
A research report by Global Market Insights, Inc., segments brewing enzymes market into xylanases, proteases, amylases, and beta-glucanases. Alpha-amylase and beta-amylase are particularly considered the most crucial enzymes contributing toward beer production, making amylases one of the most lucrative product segments of brewing enzymes industry.
Surging demand for beer, wine, whisky & other beverages among the young population owing to the rising disposable income and changing consumer lifestyle will propel the brewing enzymes market size. Shifting consumer buying behavior, creation & rejuvenation of urban centers, and proliferation of the lifestyle centers will be a key impetus for the industry landscape.
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Rising awareness pertaining to numerous health concerns, upsurge in the prevalence of sporty lifestyle & social gatherings among youth is fueling the demand for alcohol free beer. For instance, as per the recent beer industry trends, in 2018 alcohol free beer witnessed a 60% boost in the UK retail segment. Hence, it will promulgate the industry expansion over the projected timeframe.
Key properties including effective catalytic properties and high stability during chemical reactions will provide notable gains for the brewing enzymes market in the forecast period. Upsurge in the demand for high performance enzymes owing to their easy availability and low cost will create new avenues for the manufacturers resulting in the enhancement of industry landscape.
Amylases market is anticipated to surpass USD 137 million till 2024. Increasing demand for craft, low alcohol and alcohol-free variants will support the product application scope. Key properties including ability to bear diverse temperatures & pH levels during beverage production processes is further fuelling the brewing enzymes market demand.
β-glucanases segment in the brewing enzymes market will witness CAGR at over 7% in the forecast period 2018 to 2024. Positive application outlook of β-glucanases in the beer production processes owing to its ability of viscosity reduction will foster product penetration. These chemicals help in the breakdown of beta-glucans that are present in the barley endosperm cell wall.
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Asia Pacific brewing enzymes market was valued at over USD 80 million in 2017. Increasing demand for innovative & improved beer variants among developing economies such as China, Japan, and India will fuel the high-quality product demand among several brewers in the forecast period.
Europe brewing enzyme market is projected to surpass over USD 110 million in the forecast period 2018 to 2024. Rising number of craft breweries owing to exponentially growing demand for craft beer in the region will fuel the brewing enzymes market growth.
Global brewing enzymes market share has competitive nature owing to the limited players capturing major industry share. Key manufacturers include Royal DSM, Novozymes, Danisco, Lyven, Megazyme, Habio Bioengineering, Jiangsu Boli Bioproducts, Advanced Enzymes, and Enzyme Innovation.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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