Brewing Enzymes Market was valued at USD 292 Million in 2020 and is expected to grow at a 6.8% CAGR to be valued USD 585 Million by 2028
There are several types of enzymes that are employed in the brewing process of generating beer and are also used to adjust the flavour and content of beer, producing light beers with fewer calories. The market for brewing enzymes is expanding, but not every participant in the beer business employs them, and even fewer approve their usage in the production process.
Beer demand has increased quickly in recent years, owing to increased global beer consumption, favourable lifestyle changes, and rising disposable income in emerging nations. To meet the increased demand, beer companies have concentrated on brewing enzymes to boost capacity, shorten production time, age end goods, and allow the use of a raw material alternative to malt, namely barley + enzymes. This process improvement also leads in the manufacture of the same quality beer in less time, as well as improved vessel utilisation, lower energy usage, and a short maturing period with good beer quality. There are several types of enzymes that are employed in the brewing process of generating beer and are also used to adjust the flavour and content of beer, producing light beers with fewer calories. The market for brewing enzymes is expanding, but not every participant in the beer business employs them, and even fewer approve their usage in the production process.
The rise of the beer and industrial enzyme markets drives the brewing enzymes market. The brewing industry has developed rapidly in recent years and indicates significant growth in the next years from developing areas, favourably affecting the growth of brewing enzymes markets. In addition, with rising health consciousness and purchasing power in emerging countries, the developing world will drive the expansion of the brewing enzymes market. The availability of many alternatives in the market is primarily limiting the market growth. As a result, because it is feasible to change the taste and colour of beer by adding enzymes during the brewing process, manufacturers are not afraid to experiment and provide new tastes to the market.
Countries in the Asia-Pacific region, such as China and India, control the majority of the market due to rising demand for beer and alcoholic beverages, rising disposable income, an urbanised population, and the expansion of key companies in many countries. A number of research have been undertaken in China to evaluate and improve the efficacy, effectiveness, and practicality of the enzymes used in brewing. Along with the increasing number of microbreweries, the country is also participating in substantial product releases in the alcohol-free and low-alcohol segment, as the trend toward a healthier lifestyle is boosting market development.
Because of the existence of big regional and domestic companies in several countries, the worldwide market for brewing enzymes is fragmented. The merger, growth, acquisition, and collaboration of firms, as well as new product creation, are highlighted as strategic measures used by prominent corporations to improve their brand visibility among customers. In July 2017, for example, Associated British Foods plc expanded its relationship with Genedata AG, a leading provider of sophisticated software solutions for R&D, to digitalize strain development in order to boost the efficiency of the discovery process for novel enzymes. Amano Enzyme Inc., Associated British Foods PLC, DuPont de Nemours Inc., Koninklijke DSM NV, A Group Soufflet company, CBS Brewing, Megazyme Ltd, Novozymes AS, Caldic BV are the leading companies in the market.
Argo Group International Holdings, Ltd. has brought cold-brewing to tea as the next stage in health and wellness and premiumization trends. November 2017 – Gluten-free beer has been produced by the Commonwealth Scientific and Industrial Research Organization, an autonomous agency of the Australian Federal Government. Shake Shack, an American fast-casual restaurant, joined with Toast in February 2018 to introduce a pale ale made from bread waste.
Brewing Enzymes Market is segmented as follows:
Brewing Enzymes Market by source
Brewing Enzymes Market by type
Brewing Enzymes Market by application
Brewing Enzymes Market by form
Brewing Enzymes Market by geography
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- South America
- Middle East and Africa
- South Africa
- United Arab Emirates