The global brewing chiller market is expected to grow at a CAGR of 5.3% over the forecast period from 2023 to 2033. The market is expected to grow from USD 1,200.0 Million in 2023 to USD 2,011.2 Million in 2033. The global market was worth USD 1,139.6 Million in 2022.
Some of the major factors driving growth in the global market include increasing demand for craft beer and the need to maintain consistent quality & temperature during storage and transportation. An increasing number of microbreweries and nano breweries is also fueling the demand for brewing chillers across the globe.
Breweries across the globe require efficient cooling systems to maintain the quality and taste of the final product. Hence, a rising number of microbreweries is anticipated to fuel the demand for brewing chillers in the forecast period.
In September 2020, for instance, Indian Hotels Company Limited (IHCL), which is South Asia’s largest hospitality firm, joined hands with AB InBev, which is the world’s largest brewer. With this partnership, they opened India’s first 7Rivers Brewpub at Taj MG Road, Bengaluru. It has an on-site microbrewery and is considered to be the first-of-its-kind brewpub at the hotel.
Several beverage companies are also introducing state-of-the-art drinks to attract more consumers. Thus, they are set to look for highly efficient and smooth brewing chillers in the evaluation period.
For instance, in September 2022, Bira 91, which is considered to be the world’s fastest-growing premium beer firm, collaborated with VAHDAM, which is a global wellness brand. They launched the Chamomile Tea Lager, which is a one-of-a-kind tea-based beer. It was brewed with a unique combination of dried orange peel, pure chamomile, and high-quality green tea.
Furthermore, accessibility to a wide range of flavors, changing consumer preference, and rising disposable income of consumers are anticipated to push sales of brewing chillers in the assessment period. In November 2022, for instance, Asda Stores Ltd., which is a British supermarket chain, joined hands with Craft on Draft to unveil a fresh cocktail, cider, and beer concept at its Asda Pudsey store situated in Leeds.
| Attributes | Key Insights |
|---|---|
| Global Brewing Chiller Market Estimated Size (2023E) | USD 1,200.0 Million |
| Projected Market Valuation (2033F) | USD 2,011.2 Million |
| Value-based CAGR (2023 to 2033) | 5.3% |
| Market Share of the USA, Germany, Japan, and Australia | 66.0% |
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The global brewing chiller market reached USD 1,139.6 Million in 2022 from USD 944.7 Million in 2018. As per FMI’s report, the market exhibited steady growth at a CAGR of 4.8% during the historical period between 2018 and 2022.
The market is set to be driven by the surging demand for beer and other fermented beverages, as well as the need to maintain high product quality during storage and transportation. However, the high initial investment and maintenance costs are expected to restrain growth in the market. During the forecast period, the global market is anticipated to grow at a healthy CAGR of 5.3%.
A number of influential factors have been identified to stir the soup in the brewing chiller market. Apart from the proliferating aspects prevailing in the market, the analysts at FMI have also analyzed the restraining elements, lucrative opportunities, and upcoming threats that can pose a challenge to the progression of the global brewing chiller market.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Principal Consultant
Demand for Brewing Plate Chillers with the Latest Technology to Surge among USA Breweries
The USA is estimated to generate a share of nearly 35.1% and create an incremental opportunity of USD 421.2 Million in 2023. The increasing popularity of craft beer and the need for breweries to have efficient chilling systems in place are contributing to this growth in the USA
The market in the USA is constantly evolving due to the easy availability of technologically advanced brewing chillers with different features and operational capabilities. Thus, various breweries in the country are striving to stay up-to-date on the latest chilling technology in order to maintain a competitive edge.
Increasing Demand for Wort Chillers among UK-based Beverage Producers to Aid Sales
The United Kingdom brewing chiller market is anticipated to grow at 6.4% CAGR between 2023 and 2033, finds FMI. In the United Kingdom, there are a large number of companies that offer brewing chillers. This type of equipment is extensively used in the country to cool beverages. The presence of various prominent beverage manufacturers in the United Kingdom is set to aid sales of brewing chillers in the next ten years.
Foreign Brewers to Invest Huge Sums in Beer Brewing Equipment in India by 2033
The India brewing chiller market is expected to grow at 6.0% CAGR between 2023 and 2033, says FMI. India's economy is booming and the country is emerging as a key player in the global market. India is home to a rapidly growing middle-class population with an increasing thirst for beer. The country’s growth is expected to be driven by rising demand from the food and beverage industry, as well as increasing investment in the sector by foreign brewers.
China is Expected to Witness the Entry of International Copper Wort Chiller Manufacturers
The China market is anticipated to grow at 5.8% CAGR between 2023 and 2033. The country has a large population, which would provide foreign brewers with a ready market. The Chinese government is also supportive of the brewing industry and has thus created an environment, which is conducive to growth. Apart from that, Chinese companies have invested huge sums in research and development, thereby resulting in innovative product launches that are highly competitive.
In addition, Chinese manufacturers are able to produce brewing chillers at a lower cost than their international counterparts. It is set to provide them with a significant price advantage. As a result of these factors, China is currently considered to be the largest producer of brewing chillers in the world. It is expected to maintain its dominant position in the next ten years.
Technological Innovation by German Portable Beer Chiller Manufacturers to Push Sales
Germany is anticipated to hold a 23.0% share of the Europe brewing chiller market by 2023. It is estimated to create an absolute dollar opportunity of USD 276.0 Million by the end of 2023. The country has long been a powerhouse in the brewing industry, and its brewers have always been on the cutting edge of technology.
Recently, they have developed a new type of brewing chiller that is more efficient and effective than their cheaper counterparts available on the market. This new chiller uses a different cooling method that allows for faster chilling times and better control over the temperature of the beer. This innovation has already made waves in the brewing industry, and it is sure to revolutionize the way beer is brewed around the world.
Brewing Plate Chillers to Showcase Immense Popularity across the Globe by 2033
Based on type, the plat chiller segment is anticipated to remain at the forefront throughout the forecast period. Plate chillers work by running cold water through a series of metal plates. The cold water quickly lowers the temperature of the wort as it passes through the plates.
Plate chillers are very efficient and can lower the temperature of wort from boiling to fermentation temperature in just a few minutes. Owing to the aforementioned advantages, these products are set to showcase high demand in the global brewing chiller market.
Restaurants and Bars to Stock up on Beer Chiller Fridges with Surging Demand for Beer
Based on end users, the restaurant segment is expected to dominate the global brewing chiller market in the evaluation period. Restaurants often have large quantities of beer at hand and need to be able to store it at a consistent temperature.
The bars segment, on the other hand, is set to follow in the footsteps of restaurants in terms of share. Bars typically have a large number of taps and they aim to serve consumers freshly brewed beer by using advanced instruments, including brewing chillers.
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The brewing chiller market is highly fragmented with the presence of a large number of companies. The majority of these companies are focusing on mergers & acquisitions, partnerships, and collaborations to expand their portfolios and strengthen their position across the globe. The market is also set to witness the entry of various small-scale brewers who would demand advanced machinery and equipment such as chillers.
For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,200.0 Million |
| Projected Market Valuation (2033) | USD 2,011.2 Million |
| Value-based CAGR (2023 to 2033) | 5.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa(MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates(UAE) |
| Key Segments Covered | Type, Application, End User, Region |
| Key Companies Profiled | Blichmann Engineering; Robert Bosch GmbH; Kilkenny Cooling Systems; Haier Group Corporation; Drake Refrigeration; Danby Appliances, Inc; Vinotemp Company; Allavino Company; NY Brew Supply; Climadiff; Zhongshan Yehos Electrical Appliances Co., Ltd |
| Report Coverage | Company Share Analysis, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives, Market Forecast, Competitive Landscape |
The brewing chiller market is set to reach a valuation of nearly USD 1,200.0 Million by 2023.
The brewing chiller market is expected to rise at a CAGR of 5.3% during the forecast period.
The USA, the United Kingdom, China, and Germany are the major countries driving the demand for brewing chillers.
By the end of 2023, Japan is set to account for 5.2% of the share in the global brewing chiller market and reach a valuation of USD 62.4 Million.
By the end of 2023, Australia is projected to account for 2.7% of shares and reach a valuation of USD 54.3 Million in the market for brewing chillers.
The demand for brewing chillers is projected to grow at 5.8% CAGR in China between 2023 and 2033.
The demand for brewing chillers is expected to grow at 6.0% CAGR in India between 2023 and 2033.
The demand for brewing chillers is expected to grow at 6.4% CAGR in the United Kingdom between 2023 and 2033.
Blichmann Engineering, Robert Bosch GmbH, Kilkenny Cooling Systems, Robert Bosch GmbH, and Haier Group Corporation are the key companies in the market for brewing chillers.
The global brewing chiller market is anticipated to surpass USD 2,011.2 Million by the end of 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Air-cooled 5.1.1. Scroll 5.1.2. Screw 5.1.3. Reciprocating 5.2. Water-cooled 5.2.1. Shell and Tube 5.2.2. Plate and Frame 5.3. Glycol-cooled 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Beer 6.2. Wine 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-user 7.1. Bars 7.2. Restaurants 7.3. Breweries 7.4. Cafes 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Blichmann Engineering 18.2. Robert Bosch GmbH 18.3. Kilkenny Cooling Systems 18.4. Robert Bosch GmbH 18.5. Haier Group Corporation 18.6. Drake Refrigeration 18.7. Danby Appliances, Inc. 18.8. Vinotemp Company 18.9. Allavino Company 18.10. NY Brew Supply 18.11. Climadiff 18.12. Zhongshan Yehos Electrical Appliances Co., Ltd 19. Assumptions & Acronyms Used 20. Research Methodology
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Brewing Chiller Market
