The global brewing enzymes market size is projected to register a substantial CAGR of 6.4% during the forecast period, 2021–2028. The growth of the market is attributed to the the rise in demand for beer and alcoholic beverages among consumers, which has out-turn in an increased number of independent microbreweries, breweries and brewpubs around the globe. Thereby, reducing time for production, increasing capacity and efficient use of raw material alternative.
It has also stem in production of same quality of beer in lesser time, and improves utilization of vessel, low maturation duration with high beer quality, reduce energy consumption and also used to modify the taste and content of beer which includes producing light beers and containing less calories.
The Covid-19 pandemic had an unpleasant impact on the brewing enzymes market. The production has been on halt and both the demand and supply ware affected. The market suffered huge loss; however the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Rising cereal prices and growing consumption of beer around the world is anticipated to boost the brewing enzymes market.
- Rapid growth of the industrial enzyme is key factors spurring the market expansion in the coming years.
- Increasing urbanization and demand for beer and alcoholic beverages in bars and pubs are likely to aid the brewing enzymes market.
- Rising consumption of craft beers such as light beer and growing number of microbreweries are expected to fuel the market growth.
- Technological innovation and advances which can alter attributes like color, texture, or flavor and reduction of use of malt are fueling the market expansion.
- Regulations by regulatory bodies such as USDA, FDA and EU in the brewing industry are restraining the market growth.
- Lack of awareness and knowledge in enzymology with respect to their individual temperature point possess major challenges that can impede the market growth during the forecast period.
- R&D investment and technological advancement in brewing enzymes are expected to offer lucrative opportunities for the market players.
Scope of Brewing Enzymes Market Report
The report on the global brewing enzymes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Brewing Enzymes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Category (Liquid and Powder) Application (Beer and Wine)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Novozymes (Denmark), DSM (Netherlands), DowDuPont (US), Amano Enzyme (Japan), Chr. Hansen (Denmark), Associated British Foods (UK), Kerry Group (Ireland), Brenntag (Germany), Enzyme Development (US), Aumgene Biosciences (India), Biocatalysts (UK), Enzyme Innovation (US)
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Global Brewing Enzymes Market Segment insights
The liquid segment is projected to constitute a large market share
Based on category, the global brewing enzymes market is segregated into liquid and powder. The liquid segment is expected to account for a key share of the market during the forecast period owing to its use in extensive variety of applications to extract higher yield from raw materials, enhance the taste and quality of the beer, reduce the raw material cost, reduce the risk of haze in the final beer and shorten the maturation time. The liquid form of brewing enzymes is primarily and widely used in the processing of beer and wine; it is preferred as it saves energy, reduces wastage and simplifies the filtering process.
Beer segment is expected to register a substantial CAGR
Based on application, the global brewing enzymes market is divided into beer and wine. The beer segment accounts for a key share of the market over the forecast period due to quality and supply constraints on malts and their increasing prices as it require more enzymes to increase capacity, reduce the production time, and allow the use of raw materials other than malt. Moreover, growth of craft beer acts as a major driver for the growth of the market. On the other hand, the wine segment is anticipated to expand at a rapid pace during the forecast period owing to rise in urbanization and rise in price of alcohol beverages such as wine.
Asia Pacific is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to expand at a robust CAGR during the forecast period. The regional market growth can be attributed to remarkable rise in beer manufacturing plants having suitable socio-economic conditions, disposable income of people and increasing urbanization is fueling the growth of the brewing enzymes market in this region. However, the market in North America region is expected to exhibit a rapid growth rate in the coming years owing to rising demand for alcoholic beverage especially from bars and pubs.
Segments
The brewing enzymes market has been segmented on the basis of:-
Category
Applications
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Companies
- Novozymes (Denmark)
- DSM (Netherlands)
- DowDuPont (US)
- Amano Enzyme (Japan)
- Chr. Hansen (Denmark)
- Associated British Foods (UK)
- Kerry Group (Ireland)
- Brenntag (Germany)
- Enzyme Development (US)
- Aumgene Biosciences (India)
- Biocatalysts (UK)
- Enzyme Innovation (US).
Competitive Landscape
Key players competing in the global brewing enzymes market include Novozymes (Denmark), DSM (Netherlands), DowDuPont (US), Amano Enzyme (Japan), Chr. Hansen (Denmark), Associated British Foods (UK), Kerry Group (Ireland), Brenntag (Germany), Enzyme Development (US), Aumgene Biosciences (India), Biocatalysts (UK), Enzyme Innovation (US).
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares. For instance,
In February 2018, Amano acquired McGann.
In August 2016, Amano acquired PG Park, Inc. to enhance Amano McGann’s customer service capabilities.
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