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 brewing process to make the process quick, easy and consistent. Rising demand of beer and wines across the globe due to the rising disposable incomes is also the 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 to U.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 also boost the market. However, technical aspects such as temperature, pH needs to be 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 to hold a significant share in the brewing enzyme market owing to the 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 also fueled the growth of the market in the region. Asia-Pacific will also show a robust growth due to 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 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
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
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 also boost the market. However, technical aspects such as temperature, pH needs to be 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 to hold a significant share in the brewing enzyme market owing to the 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 also fueled the growth of the market in the region. Asia-Pacific will also show a robust growth due to 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 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
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
Table of Contents
1. Introduction
2. Research Methodology
4. Market Dynamics
5. Global Brewing Enzymes Market Forecast by Type
6. Global Brewing Enzymes Market Forecast by Application
7. Global Brewing Enzymes Market Forecast by Source
8. Global Brewing Enzymes Market Forecast by Geography
9. Competitive intelligence
10. Company Profiles
Companies Mentioned
- Novozymes
- DuPont Nutrition & Health
- Advanced Enzyme Technologies
- Enzyme Solutions (subsidiary of Connell Brothers Co. LLC)
- Kerry Inc.
- DSM
- Enzyme Development Corporation
- Aumgene Biosciences
- AEB Africa (PTY) LTD
- Suzhou Sino Enymes
Methodology
LOADING...