The brewing enzymes market is projected to witness a CAGR of 5.16% to reach US$9.027 billion by 2023, increasing from US$6.675 billion in 2017. The growth in the industry may be attributed to the rising adoption of the brewing enzymes because of their ability to accelerate the chemical reactions without changing their own properties. Commercially available brewing enzymes are being increasingly used in various steps of the brewing process to make the process quick, easy, and consistent. The rising demand for beer and wines across the globe due to the rising disposable incomes is also the key factor responsible for the growth of the brewing enzymes market during the forecast period. As per data by the National Beer Wholesalers Association (US) the U.S. beer industry sells more than $111.1 billion in beer and malt-based beverages to 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.
A 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, the rising number of microbreweries, and the wider scope of the enzyme application will drive the market growth. Improved beer quality at low production costs with minimal wastage coupled with the elimination of the cold stabilization process will further augment the market growth during the forecast period. Growth in the craft beer segment will also boost the market. However, technical aspects such as temperature, pH need to be strictly controlled during the production of brewed products using enzymes which can hamper the market growth. Moreover, the lack of uniformity in regulations for international trade is another restraining factor for the growth of the brewing enzymes market.
Geographically, Europe is expected to hold a significant share in the brewing enzyme market owing to the rise in the production of wine, flavored beers, and gluten-free beers coupled with the increase in domestic consumption of premium products with better taste and quality. Rising awareness and popularity of craft beers have also fueled the growth of the market in the region. Asia-Pacific will also show robust growth due to the increasing number of beer manufacturing plants and improving socio-economic conditions.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more 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.
Middle East and Africa
DuPont Nutrition & Health
Advanced Enzyme Technologies
Enzyme Solutions (subsidiary of Connell Brothers Co. LLC)
Enzyme Development Corporation
AEB Africa (PTY) LTD
Suzhou Sino Enymes
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.