The brewing enzymes market is projected twitness a CAGR of
5.16% treach US$9.027 billion by 2023, increasing from US$6.675 billion in
2017. The growth in the industry may be attributed tthe rising adoption of the
brewing enzymes because of their ability taccelerate the chemical reactions
without changing their own properties. Commercially available brewing enzymes
are being increasingly used in various steps of brewing process tmake the
process quick, easy and consistent. Rising demand of beer and wines across the
globe due tthe rising disposable incomes is alsthe key factor responsible for
the growth of brewing enzymes market during the forecast period. As per data by
National Beer Wholesalers Association (US) the U.S. beer industry sells more
than $111.1 billion in beer and malt-based beverages tU.S. consumers each year
of 83 percent of which all beer was domestically produced, and 17 percent was
imported from more than 100 different countries around the world.
Strong outlook of enzymes in several brewery processes including mashing, fermentation
and cereal cooking will create new opportunities for the industry growth.
Investment in the Research & Development of brewing enzymes, rising number
of microbreweries and wider scope of the enzyme application will drive the
market growth. Improved beer quality at low production costs with minimal
wastage coupled with elimination of cold stabilization process will further
augment the market growth during the forecast period. Growth in the craft beer
segment will alsboost the market. However, technical aspects such as
temperature, pH needs tbe strictly controlled during production of brewed
products using enzymes which can hamper the market growth. Moreover, lack
of uniformity in regulations for international trade is another restraining
factor for the growth of brewing enzymes market.
Geographically, Europe is expected thold a significant share in the brewing
enzyme market owing tthe rise in the production of wine, flavoured beers and
gluten-free beers coupled with the increase in domestic consumption of premium
products with better taste and quality. Rising awareness and popularity about
the craft beers have alsfueled the growth of the market in the region.
Asia-Pacific will alsshow a robust growth due tincreasing number of beer manufacturing
plants and improving socio-economic conditions.
Market intelligence is presented in the form of analysis, charts, and graphics
thelp the clients in gaining faster and efficient understanding of the global
brewing enzymes market.
Major industry players profiled as part of the report are Novozymes, DuPont
Nutrition & Health and Advanced Enzyme Technologies among others.
Segmentation
By Type
Amylase
Protease
Glucanase
Others
By Application
Beer Production
Wine Production
By Source
Plant
Bacterial
Fungal
By Geography
North America
US
Canada
Others
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Others
Middle East and Africa
Asia Pacific
China
India
Australia
Japan
Others
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