Press release
Global Brewing Enzymes Market Size, Share & Analysis Report Forecasts 2032
During the projected period (2023-2032), the worldwide brewing enzymes market is expected to grow at a 6.7% CAGR.Lockdowns and ongoing limitations caused by the COVID-19 outbreak interrupted the supply chain, posing hurdles for businesses in the Brewing Enzymes industry. The market is being driven by intense rivalry, pricing difficulties, and altering consumer preferences. The brewing enzyme industry is no exception; production facilities and manufacturing units were closed down, disrupting growth.
The market is primarily driven by consumer demand for beer and alcoholic beverages, which has resulted in an expansion in the number of independent breweries, microbreweries, and brewpubs on a global scale. However, brewing industry standards imposed by regulatory agencies such as the FDA.
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Market Segmentation:
1. Type: The brewing enzymes market can be segmented into amylases, proteases, beta-glucanases, xylanases, and others. Amylases are used to break down starch into fermentable sugars, while proteases break down proteins into peptides and amino acids. Beta-glucanases and xylanases break down the cell wall components of barley and other grains, improving the efficiency of mashing and increasing yield.
2. Application: The brewing enzymes market can be segmented into beer, wine, and others. Beer is the largest application segment, as brewing enzymes are widely used in the production of beer to improve the quality and efficiency of the brewing process.
3. Source: The brewing enzymes market can be segmented into microbial and plant-based. Microbial enzymes are the most commonly used enzymes in the brewing industry due to their high activity levels and ease of use.
4. Form: The brewing enzymes market can be segmented into liquid and powder. Powdered enzymes are more stable and easier to handle, while liquid enzymes are easier to mix and disperse in the brewing process.
5. Region: The brewing enzymes market can also be segmented based on the region, including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Key Players:
1. Novozymes A/S
2. DuPont de Nemours, Inc.
3. DSM N.V.
4. Kerry Group plc
5. Amano Enzyme Inc.
6. AB Enzymes GmbH
7. Megazyme Inc.
8. Specialty Enzymes & Biotechnologies Co.
9. Brenntag Biosector A/S
10. Chr. Hansen Holding A/S
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Regional Analysis:
1. North America: North America is a significant market for brewing enzymes, primarily due to the high consumption of beer and other alcoholic beverages in the region. The United States is the largest market in the region due to its robust craft beer industry and increasing demand for high-quality beer products.
2. Europe: Europe is a mature market for brewing enzymes, with a well-established beer industry and a strong preference for high-quality beer products. The demand for brewing enzymes is driven by the growing popularity of craft beer and the increasing trend of natural and organic beer products.
3. Asia Pacific: The Asia Pacific region is witnessing significant growth in the brewing enzymes market, primarily due to the increasing consumption of beer and other alcoholic beverages in countries such as China and India. The region is also witnessing a surge in demand for craft beer and other high-quality beer products.
4. Latin America: Latin America is a growing market for brewing enzymes, with increasing demand for high-quality beer products and a growing craft beer industry. Brazil and Mexico are the largest markets in the region due to their large beer consumption rates.
5. Middle East and Africa: The Middle East and Africa region are relatively small markets for brewing enzymes, primarily due to the low consumption of beer and other alcoholic beverages in the region. However, the region is witnessing a surge in demand for high-quality beer products, which is expected to drive the demand for brewing enzymes in the future.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
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