Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 16.4 Billion

CAGR (2023-2028)

5.9%

Fastest Growing Segment

Craft Brewery Equipment

Largest Market

Europe


Market Overview

Global Brewery Equipment Market was valued at USD 16.4 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.9% through 2028. The demand for brewery equipment is expected to increase during the forecast period as beer drinkers throughout the world show an increasing preference for craft breweries due to their distinctive flavor. With breweries and alcohol merchants had to close due to lockdowns during the Covid-19 outbreak, beer consumption decreased. This had an impact on the market for brewing equipment. However, as breweries started to function in 2022 and beer demand increased as a result, it is projected that the market for brewery equipment would see an increase in demand globally. Due to breweries being shut down, the U.S. government imposed a lockdown during COVID-19 to stop the virus's spread, which negatively impacted the market for brewing supplies. But in 2022, large breweries and small breweries opened for business, which is expected to drive up demand.

As the global economy improves, the food and beverage business has immense development potential. Growth and expansion in several end-user verticals, including chemicals, food & drink, healthcare, and others, are driven by rising consumer demand. It is therefore expected that during the projection period, this will drive market demand. Large beer producers from all over the world are becoming more interested in investing in this industry as beer culture continues to gain popularity. In addition, industry players are making investments in cellar equipment, outdoor growth, better yeast management, energy recovery techniques, and brewery expansion in order to bolster their market share in the worldwide brewing equipment industry. For example, Kaspar Schulz GmbH and G.E additive established a partnership in September 2019 to broaden the brewing equipment manufacturing industry and supply advanced additive technologies to the beverage and brewing sectors.

It is anticipated that the increasing alterations to beer laws in various European and North American countries, such as Germany, the United States, and the United Kingdom, will propel product market expansion. Furthermore, it is anticipated that the market for brewery equipment will not grow as predicted due to reasons including high maintenance expenses, energy costs, power consumption costs, and capacity capital. Customers' increasing demand for artisanal beer and other alcoholic beverages worldwide is one of the main drivers driving market expansion despite the increasing number of products being introduced on a daily basis. Accordingly, moderate beer drinking has been shown to be low in calories and to offer the body with a good number of vitamins, minerals, antioxidants, and polyphenols. Global breweries and pubs are expected to expand due to the expanding beer culture, particularly among millennials.

Key Market Drivers

Rising Demand for Craft and Specialty Beers

One of the primary drivers fueling the Brewery Equipment Market is the increasing demand for craft and specialty beers. Consumers are increasingly seeking unique and high-quality beer experiences, leading to a surge in craft breweries globally. This trend is driven by a growing preference for diverse flavors, innovative brewing techniques, and a desire for locally produced, artisanal beverages. As a result, breweries are investing in advanced equipment to cater to the production of a wide range of craft and specialty beers, driving the demand for specialized brewing equipment.

Craft breweries often require smaller-scale, flexible equipment that allows for experimentation and customization. This has led to the development of innovative brewing technologies, fermenters, and other equipment designed to meet the specific needs of craft brewers. The Brewery Equipment Market is, therefore, responding to the changing landscape of the beer industry, with manufacturers focusing on providing solutions that empower craft brewers to create distinctive and high-quality products.

Technological Advancements in Brewing Equipment

The Brewery Equipment Market is witnessing rapid technological advancements, transforming the brewing process and enhancing efficiency. Automation, data analytics, and smart brewing technologies are becoming integral components of modern brewery equipment. Automated systems can streamline brewing operations, improve quality control, and reduce production costs. Additionally, advancements in sensors and monitoring systems allow brewers to closely monitor and control various parameters during the brewing process, ensuring consistency and quality in the final product.

The integration of Internet of Things (IoT) technologies in brewery equipment enables remote monitoring and management, providing brewers with real-time data on key metrics. This not only improves operational efficiency but also allows for predictive maintenance, minimizing downtime and enhancing overall productivity. Technological innovations are, therefore, a significant driver of the Brewery Equipment Market, attracting breweries looking to stay competitive and meet the demands of a tech-savvy consumer base.

Globalization of the Craft Beer Movement

The craft beer movement has transcended regional boundaries, with craft breweries gaining popularity on a global scale. As consumers around the world develop a taste for diverse and unique beer offerings, breweries are expanding their production capacities to meet international demand. This globalization of the craft beer movement is a key driver for the Brewery Equipment Market, as breweries seek to scale up their operations and enter new markets.

Expanding into international markets requires breweries to invest in state-of-the-art equipment that can handle larger production volumes while maintaining product quality. Additionally, meeting regulatory standards in different countries necessitates compliance with various equipment specifications. The Brewery Equipment Market is, therefore, driven by the globalization trend, with manufacturers adapting their offerings to cater to the needs of breweries operating on a global scale.

Growing Awareness of Sustainable Brewing Practices

Sustainability has become a crucial consideration in the Brewery Equipment Market, driven by increasing environmental awareness and consumer demand for eco-friendly products. Breweries are adopting sustainable brewing practices to reduce their environmental impact, including energy-efficient brewing equipment, water conservation technologies, and waste reduction measures. This focus on sustainability is not only driven by corporate social responsibility but also by the recognition that environmentally conscious practices can lead to cost savings and operational efficiencies.

The demand for energy-efficient brewing equipment, such as heat recovery systems and advanced insulation materials, is on the rise. Additionally, breweries are exploring ways to reuse and recycle water, minimizing their water footprint. The adoption of sustainable brewing practices is not only a response to consumer preferences but also a strategic decision to ensure long-term viability in an environmentally conscious market.

Changing Consumer Preferences and Trends

The Brewery Equipment Market is heavily influenced by evolving consumer preferences and industry trends. For instance, the growing interest in healthier beverage options has led to an increased demand for low-alcohol and non-alcoholic beers. Breweries are investing in specialized equipment to produce these products efficiently. Similarly, the popularity of beer varieties such as IPAs (India Pale Ales), sours, and barrel-aged beers has driven the need for equipment capable of accommodating diverse brewing techniques and ingredients. Adapting to changing consumer preferences is crucial for breweries, and as a result, the Brewery Equipment Market is driven by the need for versatile equipment that supports a wide range of brewing styles and innovations