At a CAGR of 5.2% over the forecast period, the microbrewery supplies market is projected to grow from its current value of US$ 1,332.1 million in 2023 to US$ 2,211.5 million by 2033.
The COVID-19 pandemic has significantly disrupted a number of industries, including the market for microbrewery supplies. The pandemic’s immediate effects have been on the production and supply of microbrewery supplies. Due to the lockdown restrictions put in place in various parts of the world, numerous manufacturers were forced to cease operations.
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The fermentation process has never been faster than this along with the increased size of the tank. The new material has also accelerated the beer-making process and further initiated the brewing process. The new and advanced technology makes it efficient for the brewing procedures along with the limit of power consumption along with the grade and material.
The market is evolving rapidly. A decade ago, there were only a handful of suppliers catering to the needs of the emerging craft beer industry. Today, there are hundreds of suppliers competing for the attention of brewers large and small. The result is a more diverse and innovative marketplace that is better equipped to meet the needs of today’s brewers.
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Key Takeaways:
• Germany currently has a Microbrewery Supplies market share of around 21.8% in the Global market.
• The Micro-Breweries are the major user of this type of equipment.
• During the forecast period, the Microbrewery Supplies market is expected to grow at a rapid CAGR of 5.2%.
• In the North American Region, the Microbrewery Supplies market is dominated by the United States, with a global market share of 33.2%.
• In terms of Microbrewery Supplies market size, the United States is expected to have a total market capitalization of USD 442.3 million in 2023.
• During the forecast period, the UK Microbrewery Supplies market is expected to grow at a CAGR of 6.5%.
As the popularity of microbreweries has grown in recent years, so has the demand for supplies. The growth of microbreweries has also led to an increase in demand for Microbrewery Supplies.”, FMI consultant explains
Competitive landscape:
Top 5 manufacturers of microbrewery Supplies are ICC Northwest Inc, Krones AG, Paul Mueller Company, BrauKon GmbH, Shanghai HengCheng Beverage Equipment Co. Ltd.
The competitive landscape of the Microbrewery Supplies market is highly fragmented, with a large number of small and medium-sized suppliers competing for market share. The key players in the market are expected to focus on expanding their product portfolios and geographical reach to gain a competitive advantage.
Recent Market Developments
The Krones AG provides an integrated solution to the microbrewery owners that brews, ferments, and store the beer for you. The process of turning water into a beer can be done within a few steps.
The paul mueller co. has introduces special supplies for craft beer setups that work delivering the perfect beer in a faster way.
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Future Market Insights, in its new offering, provides an unbiased analysis of Microbrewery Supplies presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.
The study provides valuable insight on the Microbrewery Supplies market based on by Equipment Type (Brewing Kit, Filtration Systems, Fermentation Systems, Mashing, Cooling and Others), by Automation (Fully Automatic, Semi-automatic, and Manual), by Application (Ale Beer, Lager Beer, Stout Beer, Witbier, and Others)
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