Pub Cellar Equipment Market
The Pub Cellar Equipment Market is experiencing a significant surge in demand owing to its crucial role in the brewing process, enabling breweries to achieve precise and regulated fermentation of beer. As more breweries seek to attain greater control over their fermentation processes, the market for pub cellar equipment is predicted to witness substantial growth over the foreseeable period. This remarkable upswing can be attributed to evolving lifestyle preferences, an escalating desire for premium beer offerings, and a notable increase in disposable income among consumers.
During the forecast period, it is anticipated that the market for pub cellar equipment will grow at a CAGR of 3.8%. Forecasts indicate that the market will likely increase in value from US$ 1,467.2 Million in 2023 to US$ 2,130.4 Million in 2033.
Pub cellar equipment is in high demand because of its use in the brewing process, which allows for regulated fermentation of beer. The market for pub cellar equipment is rising as more breweries want to control their own fermentation process over the predicted period. Market patterns have shifted in recent years as a result of changing lifestyles, increased demand for premium beer, and greater disposable income.
During the projection period, the residential sector will dominate the pub cellar equipment market in terms of application. People are becoming more interested in having their own private cellars to store their beer and wine collection.
Geographically, the United States has the largest market share due to the presence of important manufacturers, well-established infrastructure, and growing demand for craft beer. Furthermore, a significant number of microbreweries, rising output, and expanding beer consumption are boosting the market size. On the other hand, the United Kingdom has a long history of brewing beer. The country’s market size is expanding due to an increasing number of significant providers.
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Key Takeaways from the Pub Cellar Equipment Market
- The historicpub cellar equipment market captured a valuation of 1,189.8 million.
- Thepub cellar equipment market’s historic CAGR stood at 4.4% from 2018 to 2021.
- The global pub cellar equipment marketis likely to occupy a CAGR of 8% during the forecast period. The market is likely to secure a valuation of US$ 1467.2 Million by 2032.
Competition Landscape in the Pub Cellar Equipment
The pub cellar equipment market is highly competitive with a large number of players. The key players in the market are AB InBev, Heineken, Molson Coors, Carlsberg and Diageo. The major players in the market are engaged in intense competition to gain market share. The pub cellar equipment market is fragmented with a large number of small and medium sized manufacturers. The prices of pub cellar equipment vary widely depending on the type and quality of the product. The demand for pub cellar equipment is growing due to the increasing popularity of pubs and bars.
Some of the key players in the market are Asahi Group Holdings, Heineken N.V., Anheuser-Busch InBev, Carlsberg Group, Molson Coors Brewing Company are expected to be the top players driving the market growth.
- In Aug 2022, Alfa Laval acquired Sweden-based company Scanjet which is a leading company for cleaning tank equipment and provides services to several end-use companies such as pharmaceuticals, transportation, beverages, and energy among others. The acquisition was made to promote cargo tanks among their consumers in the coming period.
- In Jan 2022, Alfa Laval collabs with BenLink to expand its services to the end-use industries such as the energy and food sectors. These collaborations help the company to provide service technicians as they can maintain the allover technical works to increase the sales.
- In Feb 2021, Alfa Laval launched its new products for cleaning and maintaining hygiene purposes known as Foodec Hygiene Plus. However, adding CIP bar technology makes them easy to maintain hygiene.
Segmentation by Category in Market for Pub Cellar Equipment
By Type:
- Kegs
- Taps
- wine coolers
By Product Type:
- Wine
- Beer
- Champagne
By Application:
- Commercial
- Residential
- Industrial
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Asia pacific
- Europe
- MEA
