Press release
Beer Processing Market 2024: Growth and Restrain Factors Analysis 2024-2031
Beer Processing Market
"Beer Processing Market" in terms of revenue was estimated to be worth $772.18 billion in 2023 and is poised to reach $1,155.5 billion by 2031, growing at a CAGR of 5.37% from 2024 to 2031 according to a new report by InsightAce Analytic.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Beer Processing Market are:
* Increasing Consumer Demand For Craft And Specialty Beers
* Technological Advancements In Brewing Equipment
* Growing Popularity Of Microbreweries
The following are the primary obstacles to the Beer Processing Market's expansion:
* Increasing Concerns About The Environmental Impact
* Fluctuating Raw Material Prices
* Stringent Government Regulations On Alcohol
Future expansion opportunities for the global Beer Processing Market include:
* Health-Enhancing Ingredients
* Smart Brewing Technologies
* Sustainable Brewing
Market Analysis:
The beer processing market involves the production, packaging, and distribution of beer. It encompasses the entire supply chain, from raw material procurement, such as malt and hops, to brewing processes, fermentation, filtration, and packaging. This market plays a crucial role in meeting global consumer demand for a diverse range of beer products.
List of Prominent Players in the Beer Processing Market:
* Anheuser-Busch InBev
* Heineken N.V.
* United Breweries
* China Resources Snow Breweries Limited
* Carlsberg A/S
* Alfa Laval
* GEA Group
* Krones
* Ningbo Lehui International Engineering Equipment Co Ltd
* Yanjing Brewery
* The Boston Beer Company, Inc.
* Carlsberg Group
* Dogfish Head Craft Brewery
* Diageo PLC
* Heineken N.V.
* Sierra Nevada Brewing Co.
* Squatters Pub
* United Breweries Group
* Praj Industries
* Paul Mueller Company
* LEHUI
* TSINGTAO BEER
* Asahi Group Holdings, Ltd.
* Molson Coors Brewing Company
Beer Processing Market Report Scope:
Report Attribute
Specifications
Market size value in 2023
USD 772.18 billion
Revenue forecast in 2031
USD 1,155.50 billion
Growth rate CAGR
CAGR of 5.37% from 2024 to 2031
Quantitative units
Representation of revenue in US$ Million, and CAGR from 2024 to 2031
Historic Year
2019 to 2023
Forecast Year
2024-2031
Report coverage
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments covered
By Brewery Type, Equipment Type, Beer Type, Price Category and Distribution Channel
Regional scope
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Recent Developments:
* In March 2019, Carlsberg purchased a minority stake in Chinese craft brewery Jing-A, producer of a wide range of craft beers for the Chinese market, including Flying Fist IPA, Tuhao Gold Pils, and Koji Red Ale, and the brewer also operates two bars in the country. Carlsberg took the responsibility of distributing the beer while Jing-A continued with the production.
* In May 2019, Heineken acquired Biela Ecuador, an Ecuador-based beer company that is fully operational with a high-quality brewing and packaging equipment base. This would help Heineken to expand in Ecuador, which is an attractive market owing to governmental support toward foreign investment.
* In November 2018, Heineken acquired China Snow Resource (China), a company with a deep understanding and, thereby, a footprint in the Chinese market.
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Beer Processing Market Dynamics:
Market Drivers: Technological Advancements In Brewing Equipment
Innovations such as automated brewing systems, precision temperature, and fermentation control, and real-time monitoring have significantly improved efficiency and quality in beer production. Advanced equipment enables brewers to streamline processes, enhance consistency, and experiment with diverse flavors. Additionally, the integration of smart sensors and data analytics optimizes resource utilization, reduces energy consumption, and ensures product quality. As breweries embrace cutting-edge technologies, they not only meet the growing demand for diverse and high-quality beer but also increase production scalability, thereby contributing to the overall growth of the beer processing market.
Challenges: Competition From Other Beverages Offering Health Benefits
The beer processing market faces challenges due to intense competition from alternative beverages that boast health benefits. As health-conscious consumer preferences rise, beverages like kombucha, craft sodas, and functional drinks vie for market share, diverting attention from traditional beers. The shift in consumer choices towards options perceived as healthier poses a threat to the beer industry. To stay competitive, breweries must innovate by incorporating health-conscious elements, such as low-alcohol or non-alcoholic options, and focus on marketing strategies that highlight the positive attributes of beer in moderation. Adapting to changing consumer trends and diversifying product offerings will be crucial for breweries to navigate the evolving beverage landscape.
North America Is Expected To Grow With The Highest CAGR During The Forecast Period
The North America Beer Processing Market is likely to register a significant revenue share and develop at a rapid CAGR in the near future. The region's thriving craft beer industry, consumer demand for diverse and innovative flavors, and increasing awareness of premium and specialty brews contribute to market expansion. Additionally, the presence of established breweries and a growing trend toward sustainable and organic brewing practices further fuel the industry's momentum. Stringent quality standards and technological advancements in brewing processes enhance efficiency. The North American beer processing market is characterized by dynamic competition, with key players focusing on product innovation and strategic collaborations to maintain a competitive edge in this evolving landscape.
Segmentation of Beer Processing Market-
By Brewery-
* Microbrewery
* Craft Brewery
* Microbrewery
* Brewpub
* Others (Farm Breweries And Regional Breweries)
By Equipment-
* Microbrewery equipment
* Milling equipment
* Brewhouse
* Mash kettles
* Lauter tun
* Wort kettles
* Whirlpool
* Steam generators
* Others (hot liquor tanks and cold-water tanks
* Cooling equipment
* Fermentation equipment
* Filtration & filing equipment
* Others (cleaning systems, spent grain silos, gen
* Craft brewery equipment
* Mashing equipment
* Cooling equipment
* Storage equipment
* Compressors
* Others (pumps, filters, and separators)
By Beer Type-
* Lager
* Ale and Stout
* Specialty Beer
* Low Alcohol Beer
By Price Category-
* Mainstream
* Discount
* Premium
* Super-premium
By Distribution Channel-
* Off-trade
* On-trade
By Region-
North America-
* The US
* Canada
* Mexico
Europe-
* Germany
* The UK
* France
* Italy
* Spain
* Rest of Europe
Asia-Pacific-
* China
* Japan
* India
* South Korea
* Southeast Asia
* Rest of Asia Pacific
Latin America-
* Brazil
* Argentina
* Rest of Latin America
Middle East & Africa-
* GCC Countries
* South Africa
* Rest of Middle East and Africa
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Media Contact
Company Name: InsightAce Analytic Pvt. Ltd
Contact Person: Diana D'Souza
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=beer-processing-market-2024-growth-and-restrain-factors-analysis-20242031]
Country: United States
Website: https://www.insightaceanalytic.com/
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