According to Future Market Insights, the global draught beer chiller market size is set to expand significantly, with its valuation projected to increase from USD 1,782.2 million in 2023 to USD 2,514.0 million by 2033, advancing at a CAGR of 3.5%. The surge in draught beer consumption worldwide is the primary force driving this market growth.
Key Drivers: Rising Popularity of Draught Beer and Increasing Number of Bars and Restaurants
- Rising Popularity of Draught Beer:
- Draught beer, known for its freshness and superior taste compared to bottled beer, is gaining popularity among consumers. This shift in preference is boosting the demand for draught beer chillers.
- Draught beer is more affordable and involves no extra processing or packaging, making it an ideal choice for middle-class consumers.
- Growth of Pubs, Bars, and Restaurants:
- The increasing number of pubs, bars, and restaurants globally is significantly contributing to the market expansion. These establishments rely on draught beer chillers to serve fresh and high-quality beer.
- End users such as breweries, hotels, and clubs are installing energy-efficient chillers to maintain the beer’s optimal temperature and extend its shelf life.
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Similarly, innovation in beer cooling solutions and reduction in product prices will create lucrative opportunities for leading draught beer chiller manufacturers over the next ten years.
The most popular type of beer chilling system is the glycol chiller. Glycol chillers use a glycol and water mixture to cool the beer lines and taps. Despite being more expensive, glycol-cooled chiller are preferred by end user due to their more efficient nature.
Key Takeaways:
- Based on type, glycol-cooled chiller segment holds a substantial share of the global draught beer chiller market.
- By end user, bars and restaurants together hold the largest share of the worldwide draught beer chiller industry.
- In terms of structure, demand remains high for counter-top draught beer chillers in the market.
- Germany currently holds around 22.0% share in the global draught beer chiller market.
- With a market valuation of US$ 650.5 Mn, the U.S. holds nearly 36.5% share in the global draught beer chiller market.
- The UK draught beer chiller market is expected to grow at a CAGR of 5.9% during the forecast period.
“There are many factors that have contributed to the rise in popularity of draught beer chillers, but one of the biggest drivers has been the growing demand and consumption of draught or draft beer worldwide,” says a lead FMI analyst.
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Who is Winning?
Top 5 manufacturers of Draught Beer Chillers are Zhongde Equipment Co., Ltd., Maxwell Food Equipment, BEVERAGE-AIR, Lanco Industry Co. Ltd, and MF Refrigeration.
The competition in the Draught Beer Chiller market is intense because the products are very similar. The main difference between the products is their price. Hence, key players are focused on reducing product prices as well as launching new innovative beer chilling solutions in the market.
Draught Beer Chiller Industry Outlook by Category
By Type:
- Air-cooled
- Water-cooled
- Glycol-cooled
By End User:
- Breweries
- Bars
- Restaurants
- Hotels
By Structure:
- Counter-top
- Under Counter
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- MEA
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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