Published on : Dec 05, 2019
ResearchMoz.us has announced the addition of a report, titled “Global Beer Processing Market Size, Status and Forecast 2019-2025”. The report on the global beer processing market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application.
The global beer processing machines market will see a good growth over the forecast period, ending 2025. The steady CAGR (Compound Annual Growth Rate) that the market is set to chart will create untapped opportunities for players, pulling the market worth up notably.
Some of the factors contributing to the growth of global beer processing market include rising demand for alcohol, especially for premium and craft beers. This is a direct result of cultural shift where beers consumption is hyped in movies as well as other platforms such as sitcoms. Thus, a palpable refining of palettes and need for innovation in the beer world is called for. There is therefore, also a rise in micro-breweries and brew pubs.
The global beer processing market is fragmented and key players in the market landscape include Anheuser-Busch InBev (Belgium), Carlsberg Group (Denmark), Heineken (Netherlands), Asahi Group Holdings, Ltd (Japan), Molson Coors Brewing Company (US), and Tsingtao Brewery Co. Ltd (China). In order to stay ahead of competitors, players deploy several strategies such as mergers and acquisitions, partnerships and collaborations. And, them there is the need to innovate and customize as consumers get picky and demand for more.
Region-wise, the Asia Pacific(APAC) will demonstrate tremendous growth, creating opportunities all set for players to tap into. It will account for the largest share over the forecast period. This will be attributable to players that have their bases in the region like Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), United Breweries (India), China Resources Snow Breweries Limited (China), and Carlsberg A/S (Denmark). There are also equipment manufacturers like Alfa Laval (Sweden), GEA Group (Germany), Krones (Germany), and Ningbo Lehui International Engineering Equipment Co Ltd (China) operating in this region. There is a preference in this region towards premium beer and low alcohol beer.
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The region is also seeing an increase in demand due to improving standard of living. The economies are performing extremely well, increasing disposable incomes significantly. Coupled with westernization, the demand for beer is on an upward growth trajectory. People are more willing than ever to spend on alcohol than ever. Besides, taboo associated with drinking in such countries is also being removed at a pace good enough for the market to chart good numbers.
It is important to note here that China is the largest market in world in terms of beer. In 2017, the country was both the largest consumer and producer of beer. It produces 39.8 bn litres in that year and consumed 40.1 bn litres. As concerns for health are rising in the country, so is the demand for premium beer, low alcohol beer and also no alcohol beer. Thus, it comes as no surprise that the market in China is set to witness numerous enterprises springing up, adopting the mini drinks production in order to lower costs to help help push demand further.
Also, the region that will grow at the fastest pace is North America. It is due to rising investment by prominent players for increasing footprints and meeting rising demand for beer. The country that will come up to all expectations is Mexico as it not just has easy access to raw materials but also much demand set to be generated over the forecast period.