Craft brewery segment is projected to grow at the highest CAGR in the beer processing market by 2025

The Beer Processing Market is estimated at USD 677.5 billion in 2019 and is projected to reach a value of USD 815.4 billion by 2025, at a CAGR of 3.1%. Rising trend of low- or no-alcohol, & organic beer and continuous innovations in the brewery equipment are factors driving the growth in the beer processing market. Focus on digitalization and automation using IoT and Big Data are opening several opportunities in the beer processing market.

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The rising trend of low- or no-alcohol, and organic beer coupled with the increasing number of microbreweries, as well as brewpubs, has significantly driven the beer processing market. Several brewers, such as Heineken, Greene King, AB InBev, and Budweiser, are adding low-alcohol versions of their flagship beers to their portfolios. Further, product innovations and advancements in the brewery equipment market have led to the increasing need for updated and sustainable brewery equipment among beer processors.

"Craft brewery segment is projected to grow with the highest CAGR in the beer processing market from 2019 to 2025."

Based on brewery type, the market is segmented into macrobrewery and craft brewery. The craft brewery segment is estimated to grow at the highest CAGR, due to the rising demand for premium and flavorsome beer produced in small batches. Consumers are also increasingly preferring craft beer as compared to traditional beer. This has led to an increase in the number of microbreweries and brewpubs around the globe. Due to the rise in the number of microbreweries, the demand for microbrewery equipment is increasing, which in turn, is driving the overall demand for brewery equipment in craft breweries.

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Key players in the brewery equipment market include Alfa Laval (Sweden), GEA Group (Germany), Krones Group (Germany), Paul Mueller (US), Praj Industries (India), and Ningbo Lehui International Engineering Equipment Co., Ltd. (China). The major players in the beer processing market 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).

Market players adopted various business strategies such as new product launches, expansions, acquisitions, agreements, collaborations, and partnerships in the last few years, to meet the growing demand for brewery equipment and beer.

I am working as market research analyst in Markets and Markets.