The global brewing enzymes market is expected to reach a valuation of USD 409.3 Million in 2022, with sales growing at a CAGR of 6.4% over the forecast period. The brewing enzymes market accounts for around 17% of the global food enzymes market, which was valued at USD 2.2 Billion in 2021.
Attribute | Details |
---|---|
Brewing Enzymes Market Estimated Size (2022E) | USD 409.3 Million |
Projected Market Valuation (2032F) | USD 761.2 Million |
Value CAGR (2022 to 2032) | 6.4% |
Top 3 Countries Market Share | 35.8% |
Growth in the brewing enzymes market is attributed to the rising demand for beer and alcoholic drinks, which has led to increasing number of independent breweries, brewpubs, and microbreweries around the world. This is expected to have a direct impact on sales of brewing enzymes. fueling the expansion of the brewing enzymes market.
Geographically, the market is dominated by Europe and North America, owing to large-scale beer production and new advancements in the beer sector. However, limitations imposed on the brewing sector by regulatory agencies such as the USDA, FDA and EU might limit sales in the market.
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Demand for brewing enzymes grew at a 5.8% CAGR between 2017 and 2021. This is because brewing enzymes as they speed up the breakdown of various substrates used in the production of beer and wine. As a result, brewers have a lot of freedom when it comes to choosing raw materials for the brewing process.
Furthermore, these enzymes limit the development of diacetyl and speed up the brewing process and reduce the cost of beer production. They are employed in wine preparation to ensure that wine filtration is hassle-free and smooth, while also preserving the color and fragrance of the product.
Thus, brewing enzymes have steered the industry away from traditional, time-consuming procedures and toward faster, more efficient, and healthier alternatives. However, lack of technical understanding in areas such as product development and manufacturing, such as temperature and pH control, as well as government regulations might limit sales in the market.
As a result, the global market for brewing enzymes is predicted to grow at a 6.4% CAGR over the forecast period.
The brewing and distilling sectors have seen tremendous expansion over the last few years as a result of the growing demand for alcoholic beverages. Consumers are looking for unique and tasty beers, which is driving sales of brewing enzymes such as proteases, amylases, cellulose, and glucanase. According to the Brewers Association, the number of craft breweries in the USA has increased significantly during the last five years.
Additionally, this has paved the way for a shift in consumer preferences, particularly among young and aspiring drinkers in emerging markets such as Asia Pacific and Europe, away from classic rum and whiskey and toward modern beer. Furthermore, because beer is a widely consumed, sold, and manufactured alcoholic beverage around the world, young people are drawn to it.
Increasing Consumption of Craft Beer in the USA Will Drive Sales of Brewing Enzymes
Sales in the North America brewing enzymes market are predicted to increase at a 6% CAGR over the forecast period, owing to rising competition in the beer market and the need to improve economic viability in the USA
According to the Brewers Association, despite the pandemic, there were 9,000 breweries in operation in the USA in 2021, which was up by 6% from 2020. Moreover, the presence of prominent market players such as DowDuPont increased beer production in the USA will create opportunities for growth.
In addition to this, 710 new breweries opened in 2021, creating 400,000 jobs, with 140,000 of them employed directly at breweries. Thus, rising demand for alcoholic beverages, particularly from bars and pubs, is likely to propel sales in the market.
Ongoing Expansion of Breweries in Germany Will Spur Demand for Brewing Enzymes
By the end of 2022, beer production is estimated to surpass 39.7 billion liters, according to the Brewers of Europe, with Germany being the leading producer. Moreover, in the last ten years, the number of active breweries in Europe has increased by roughly 6,000, of which microbreweries and SMEs (small and medium companies) accounted for nearly three-quarters of the production. These companies are mostly located in Germany (1,492).
The production and consumption of various types of beer in the country, including regular, gluten-free, flavored, low-calorie, non-alcoholic, and low-alcoholic, as well as wine will continue dricing sales of brewing enzymes over the assessment period.
High Demand for Gluten-free Beer in China Will Fuel Sales of Brewing Enzymes
Due to rising demand for beer and alcoholic beverages, demand for brewing enzymes in the China market is forecast to gain traction at a considerable pace.
A series of studies have been undertaken in China to evaluate and improve the effectiveness, efficacy, and feasibility of brewing enzymes which has led to greater knowledge about these products among consumers.
Additionally, with growing number of microbreweries, the country is also witnessing a surge in product launches in the low-alcohol and alcohol-free segments, owing to growing focus on a healthier lifestyle. This is anticipated to have a significant impact on the sales of brewing enzymes in China.
Sales of Brewing Enzymes for Beer Production Will Remain High
Based on applications, sales in the beer segment will continue gaining taction over the assessment period. Shifting preference among millennials towards modern and craft beers over traditional alcoholic beverages will boost sales in this segment.
Furthermore, because beer is a widely enjoyed, marketed, and manufactured alcoholic beverage worldwide, millennials and young adults are preferring beers. Moreover, increasing production of non-alcoholic, low-alcohol beer, gluten-free beer, and low-calorie beers across the globe will augment the growth in the market .
Demand for Amylase Enzyme for Beer Brewing Will Gain Traction
In terms of type, the amylase segment is expected to dominate the brewing enzymes market over the forecast period, owing to its widespread use in the brewing industry as it is cost-effective, timesaving, and space-saving.
Furthermore, due to limited access to malt in the Asia Pacific, amylase consumption is high, which is expected to drive sales in this segment. It is also used in mashing, fermentation, and cereal cooking in the food and beverage sector. One of the main aspects boosting product demand is stable and uniform mashing, as well as enhanced filtering.
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Brewing enzymes manufacturers are investing in production facility expansions to cater to the growing demand for beer and wine across the globe. In addition to this, key players are investing in research and development to improve their product portfolios.
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Attribute | Details |
---|---|
Estimated Market Value (2022) | USD 409.3 Million |
Projected Market Size (2032) | USD 761.2 Million |
Value-based CAGR (2022 to 2032) | 6.4% CAGR |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Million for Value and Kilo Tons for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa |
Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, the UK, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
Key Segments Covered | Type, Application, Source, Form, Process and Region |
Key Companies Profiled | Novozymes; DowDuPont; DSM; Amano Enzyme; Associated British Foods; Chr. Hansen; Kerry Group; Brenntag; Aumgene Biosciences; Enzyme Development Corporation; Megazyme; Enzyme Innovation; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global brewing enzymes market is expected to reach USD 409.3 Million in 2022.
The brewing enzymes market is expected to grow at a CAGR of 6.4% over the assessment period.
The brewing enzymes market is expected to reach a valuation of USD 761.2 Million by 2032.
North America is expected to drive the global brewing enzymes market over the assessment period.
Some of the key player in the brewing enzymes market are Novozymes, DowDuPont, DSM, Amano Enzyme and Associated British Foods among others.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Beta-glucanase 5.2. Amylase 5.3. Xylanase 5.4. Protease 5.5. Alphalase 5.6. Other types 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Beer 6.2. Wine 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 7.1. Microbial 7.2. Plant 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 8.1. Liquid 8.2. Dry 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Process 9.1. Malting 9.2. Maturation 9.3. Wort separation and filtration 9.4. Mashing & fermentation 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. MEA 11. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Novozymes 20.2. DowDuPont 20.3. DSM 20.4. Amano Enzyme 20.5. Associated British Foods 20.6. Chr. Hansen 20.7. Kerry Group 20.8. Brenntag 20.9. Aumgene Biosciences 20.10. Enzyme Development Corporation 20.11. Megazyme 20.12. Enzyme Innovation 20.13. A Group Soufflet company 21. Assumptions & Acronyms Used 22. Research Methodology
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