Global Microbrewery Equipment Market size is expected to cross USD 4 billion by 2024 at a CAGR of 9% during the forecast period of 2019 to 2025. Commercial microbrewery equipment is used in small breweries that produce beer in limited volumes. micro brewing equipment company are focusing on research and development with a focus on reducing energy consumption, efficient utilization of ingredients, and reducing solid waste. For instance, GEA Group Aktiengesellschaft introduced advanced fermentation equipment that reduces fermentation time without compromising on product quality.
In the current market scenario, microbreweries are demanding after-sales services to increase the lifespan of their microbrewery equipment kit. Continuous production of beer in microbreweries deteriorates the physical quality of the equipment as it is in continuous contact with different ingredients, hot water, and alcohol. Thus, to maintain the quality of the equipment and increase its lifespan, microbreweries demand after-sale services. Hence, market players offering after-sale services to their customers are expected to witness high sales and growth opportunities in the coming years.
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- ICC Northwest, Inc. (US)
- Krones AG (Germany)
- LEHUI (China)
- BrauKon GmbH (Germany)
- Paul Mueller Company (US)
- MEURA (Belgium)
- Della Toffola SpA (Italy)
- Shanghai HengCheng Beverage Equipment Co., Ltd (China)
- ALFA LAVAL (Sweden)
- GEA Group Aktiengesellschaft (Germany)
Mashing equipment segment to register the highest growth rate during the forecast period: The growth of the segment can be attributed to the importance of the mashing process during brewing where hot water is mixed with the ingredients to hydrate the grain and activate malt enzymes to convert starch into fermentable sugars. Moreover, market players are focusing on introducing automatic and advanced mashing equipment with added features.
Focus on automation to offer growth opportunities to semi-automatic & automatic equipment manufacturers: Technological advancements have led to the development of enhanced brewing equipment offering semi- or complete automation. This results in increased efficiency and helps in producing standard batches of beer. Microbreweries in both developed and developing countries are adopting semi-automatic and automatic brewing equipment, which is expected to offer profitable growth opportunities to the market players.
North America: North America accounted for more than 25% of the Global Microbrewery Equipment Market in 2018. It is a major revenue contributing region in the global market due to the presence of several microbreweries and high consumption of craft beer in the US.
US: The US is the largest country-level market in the region. There were 7,346 operating craft breweries in the US in 2018, of which 4,522 were microbreweries, registering a 15% increase from 2017. In the same year, microbreweries produced nearly 22.5% of the total craft beer in the country, by volume. Hence, the US is among the major country-level markets in the global microbrewery equipment market.
Europe: High consumption of beer, especially craft beer, in the region is a key determinant driving the growth of the regional market. Several large brewers active in the regional market are entering the microbrewery market, resulting in increased sales of microbrewery distillery equipment in Europe. The UK, Germany, and Italy are the major country-level markets contributing to the growth of the regional market.
Rest of the World: The market in the rest of the world accounts for the smallest revenue share of the global microbrewery equipment market. South America is a major market for microbrewery equipment in the region. It accounted for more than 60% of the regional market share in 2018. The market in the Middle East is expected to register the highest CAGR during the forecast period.
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