Global Beer Processing Market to Grow Exponentially During 2019-2024
Beer Processing refers to a complex fermentation process by which malt beverages such as Beers, ale, and lagers are brewed or produced. Different than other industrial fermentation, beer processing is about meticulously bringing perfect flavor, aroma, clarity, color, adequate amount foam, and foam stability. Also, the percentage of alcohol is an essential factor with the finished product.
Beer processing involves many proven technologies and techniques by combining them every step of beer production is enriched. Steinecker process is one such technology used over decades on a global level. Producers increasingly demand futuristic technologies that can help in brewing special beers, while increasing yield and lowering energy consumption. Accordingly, technology providers are presenting unique ideas and equipment required.
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The noted participants of the market have been studied in details in this report for covering an in-depth share analysis of the Beer Processing market. The analysis includes an assessment of the growth strategies implemented by these players in the market. Some of these strategies are mergers & acquisition, collaboration, rising investments, partnership, product portfolio development, etc. In addition, the increasing research & development activities are further expected to impact the growth of the Beer Processing market favorably in the forthcoming years.
Molson Coors Brewing Company
Ningbo Lehui International Engineering Equipment Co., Ltd.
Asahi Group Holdings, Ltd
Anheuser-Busch InBev (Belgium), Carlsberg Group
Tsingtao Brewery Co. Ltd
Beer is one of the largely preferred brews, and witnesses continued demand all over the world. Beer sales rise pervasively despite regulatory hurdles, and increasing disposable incomes that lead to higher spending is the main reason. Besides, the rapid urbanization and changing consumption patterns, and developing trends of socializing among youngsters are fostering the beer sales.
As a result, beer processing has become a mainstream business, and many brewers join the bandwagon, bringing their flavor to the market. However, these new entrants need to consider some crucial points while starting a new beer processing business. Many micro-brewers are coming up, focusing only on the quality of the beer and varieties. Subsequently, the beer processing market is growing continually, witnessing many product launches.
According to an industry analysis uploaded on the WGR website recently, the ever-flourishing global beer processing market is forecasted to witness a thriving growth by 2024, growing at a striking CAGR during the anticipated period (2019-2024). Ample availability of malt, a vital raw material required in the production of beer is supporting the growth of the market.
Also, variations and improvements in enzyme technologies that are being used in the beer processing have been supporting the growth in this market over the past couple of years. Processing of super premium beers has acquired the continuous surge in its popularity among consumers. With the exceeding sales figures of beers, many brands are now experiencing tremendous success.
Among the regular consumers there includes the health-conscious populace too; whose demand has prompted the market for non-alcoholic beers. Established markets are also witnessing intense shifts in the high-calorie beer market trends and have developed a taste for low-calorie beer further, extenuating the niche segment.
Several players having regional and global presence form the competitive landscape in the market. These players compete on the quality, market reach, financial resources, and pricing, whereas, innovation, brand reinforcement, and mergers & acquisitions remain their prevalent trends.
For instant: On August 07, 2019 – An American brewing company Anheuser-Busch Companies, LLC announced the acquisition of Cleveland-based brewery – Platform Beer Co.
The market is bifurcated into three key segments, such as by products type, by application, and by regions. The segment – product type is further sub-segmented into lager, ale & stout, specialty beer, low alcohol beer, and other beers. The segment – application is further sub-segmented into family, hotel, and others.
By regions, the regional analysis covers North America (United States, Canada, and Mexico), South America (Argentina, Brazil, Colombia etc.), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (Japan, China, Korea, India, and Southeast Asia), and Middle East and Africa (UAE, Saudi Arabia, Egypt, Nigeria, and South Africa).
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