Tech Innovation to Boost Growth in the Global Brewery Equipment Market Through 2031

Rise in consumption of beer; increase in demand for brewing equipment from industrial breweries and small businesses; and growth of brewpubs and beer-producing companies are the major factors driving the global brewery equipment market. Companies operating in the brewery equipment market are focusing on customization, design, and automation. Manufacturers should tap into incremental opportunities by focusing on recent trends in the market in order to broaden their revenue streams. Volatility in prices of raw materials such as steel, copper, and aluminum have impacted the margins of manufacturers. Nevertheless, companies need to invest in technologies that can help make better and unique beer.

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Global Brewery Equipment Market Introduction

Brewery equipment refers to various units or equipment used in brewery processing or beer-making companies such as brewpubs and craft breweries. The term 'brewery' refers to the process or business of producing beer. Demand for different categories of customized and automated brewery equipment, including micro and macro/industrial breweries, is rising among end-users. Companies in the brewery equipment market are manufacturing equipment using technologies that can enhance efficiency and reduce energy consumption. Innovations in home beer brewing machines, microbrewery equipment, electric brewing systems, home beer brewing kits, and automated brewing systems are creating significant opportunities for market players.

Rise in Consumption of Beer Driving Demand for Brewery Equipment

The global brewery equipment market size is estimated to reach a value of US$ 23.3 Bn by the end of 2031, owing to the significant demand from commercial and industrial end-users. Rise in demand for different types of equipment owing to the increase in number of brewpubs and restaurants is also boosting the demand for home brewing equipment and commercial beer brewing equipment. Beer is one of the favorite and most consumed alcoholic beverages around the world. Rise in population in emerging countries and increase in consumption of beer among the millennials are augmenting the brewery industry. This, in turn, is estimated to propel the demand for brewery equipment during the forecast period.

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Asia Pacific leads in terms of consumption of beer, while Europe follows the region. China consumes 21.5% of the total beer produced globally, while the U.S. consumes 12.8%. Consumption of beer in Germany Russia, Japan, and the U.K is also high. According to the Brewers Association, the overall U.S. beer volume sales increased by 1% in 2021. In the U.K., a 2.6% increase was witnessed; 2018 recorded the highest consumption in the U.K., in terms of volume, in the last 45 years. This is expected to propel the brewery equipment market during the forecast period.

Growth of Brewpubs and Craft Brewery Industry Fueling Global Brewery Equipment Market

Microbreweries and brewpubs strengthen the bond with consumers and enhance the loyalty factor by providing an open and friendly atmosphere. According to the Brewers Association, sales of craft beer in the U.S. increased by 8% in terms of volume in 2021, thereby boosting the share held by small and independent brewers in the U.S. beer market to 13.1%. The primary reason for the larger dollar sales increase was the shift back in beer volume from packaged sales to bars and restaurants. Asia Pacific, Europe, and North America are projected to be emerging markets for brewery equipment across the globe. This is anticipated to drive the demand for brewery equipment in these regions during the forecast period.

Out of 9,247 breweries in the U.S., microbreweries and brewpubs accounted for more than 56% share in 2021. Growth of microbreweries and brewpubs has also continued in countries across Europe, especially among smaller craft brewers who produce less than 30,000 barrels. Moreover, microbreweries account for nearly two-thirds of the craft category's total growth, while sales at brewpubs are also rising. Thus, overall growth of the breweries market is expected to propel the brewery equipment market during the forecast period.

High Demand for Fermentation Units to Boost Brewery Equipment Market

In terms of product type, the fermentation unit segment is estimated to hold major share of the brewery equipment market during the forecast period. The fermentation unit segment is likely to grow at a prominent CAGR owing to the rise in usage of fermentation tanks for a longer period during the brewing process. After the brewing and mashing process, the wort is kept in the fermentation tank for a long period for the fermentation process. The chances of tank deterioration increase due to the release of acid. This is projected to drive the need for fermenters and consequently boost the fermentation tank segment during the forecast period. Additionally, advancement of technology in equipment and customization of equipment are expected to fuel the fermentation unit segment during the forecast period.

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Incremental Opportunities in Commercial Sector

In terms of end-use industry, the global brewery equipment market has been bifurcated into commercial and industrial. The commercial end-use industry segment includes pubs, bars, restaurants, and hotels. Demand for commercial brewing equipment is rising across the globe. The commercial segment is estimated to grow at a notable CAGR during the forecast period owing to the increase in population, standard of living, and the number of pubs, bars, etc. The industrial segment includes large manufacturers of beer. The industrial segment held major share of the brewery equipment market in 2021.

Regional Outlook of Global Brewery Equipment Market

Europe is projected to hold major share of the global brewery equipment market during the forecast period. This can be ascribed to the rise in consumption and production of beer in Europe and growth of the beer industry in the region. Europe is home to around 10,000 breweries, and the region follows Asia Pacific in terms of consumption of beer. In terms of country, the U.S. is a major market for brewery equipment. The U.S. is home to around 9964 breweries. Additionally, after China, the U.S. is a major consumer and producer of beer.

Analysis of Key Players in Global Brewery Equipment Market

The global brewery equipment market is fragmented, with the presence of numerous players. Competition is expected to intensify in the next few years due to the entry of several local players. Manufacturers in the brewery equipment market are also focusing on the advancement of technology and entering into partnerships with small businesses such as pubs, craft breweries, and industrial breweries (large beer manufacturers). Several brewery equipment suppliers are focusing on catering to the demands of customers according to the latest trends of customization in products.

Key players operating in the global brewery equipment market include: Alfa Laval, Brewtech, Tiantai, Criveller Group, Della Toffola, GEA Group, Hypro Group, Jinan Cassman Machinery Co., Ltd., Kaspar Schulz, Meura, Micet, and Paul Mueller.

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