Beer Processing Market was valued at US$ 703.71 billion in 2021 and is expected to reach at US$ 970.51 billion by 2029 at a CAGR of 4.1% during forecast period.
As a result, people’s discretionary income has increased generally. Additionally, this has paved the way for a shift in consumer preferences away from traditional beer and rum in developed countries like Europe and North America, especially among young, aspirational drinkers. Additionally, because beer is a widely consumed, produced, and sold alcoholic beverage around the world, young people are drawn to it. Additionally, because to ongoing advancements in taste, tastes, packaging, and other areas, the population is gradually moving toward sophisticated, regulated, and luxury beverages.
Market Dynamics:
Increased customer preference for beer over other alcoholic beverages and an increase in disposable income are driving the global beer processing market over the forecast period. The rise in female drinkers and the remarkable increase in young people’s population also contribute to the expansion of the beer market. Additionally, there has been an increase in the number of microbreweries and brewpubs. Craft beer and low-alcohol beer growth trends, as well as beer culture, have all altered consumers’ perceptions of alcoholic beverages. Constant innovation in beer ingredients for greater taste further supports market growth.
However, taxes and increasing excise levies on imported and domestic beer as well as rising consumer health consciousness may impede the expansion of the beer industry.
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Segments
By Equipment
- Microbrewery Equipment
o Milling equipment
o Fermentation equipment
o Cooling equipment
o Filtration & filling equipment
o Others
- Craft Brewery Equipment
o Mashing equipment
o Fermentation equipment
o Cooling equipment
o Compressors
o Others
By Type
- Microbrewery
- Craft brewery
- Microbrewery
- Brewpub
- Others
By Beer Type
- Lager
- Ale & stout
- Specialty Beer
- Low Alcohol
By Distribution Channel
- On Trade
- Off Trade
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