According to the current analysis of Reports and Data, the Global Brewing Enzymes Market was USD 392.2 Million in 2020 and is projected to grow at a CAGR of 5.90% from 2020 to 2028. Enzymes are complex organic components that act as catalysts and results in accelerating the velocity of a reaction whilst remaining essentially unchanged in the entire process. They encourage hydrolysis of proteins and polysaccharides into simpler substances. Such technological innovation, rising consumer base, and introduction of new products in the market on a regular basis is a driver of the brewing enzyme market. The α-amylases are one of the most multipurpose enzymes most widely used enzyme due to the presence of starch, which is used in sugar conversion in the later project. But even after a huge demand in the global market, retailers are putting greater demands on manufacturers, insisting upon ever smaller and more frequent product deliveries in order to reduce their warehousing costs. They are also expecting manufacturers to come up with new and innovative merchandising units, such as movable shelves that can be rolled into the store fully stocked, thus minimizing the store’s cost of replenishment. Channel shifts are also forcing beer makers to build new skills in category management. As shoppers move toward specialized formats such as convenience stores, manufacturers must find a new balance between volume and price. The large-sized packs of beer that are well-suited to hypermarkets are not relevant for convenience seekers who may be looking for a quick meal and beverage combination.
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The key market players of brewing enzymes are focusing on Europe, North America, Asia Pacific, South America, and the Middle East Africa. To capture the brewing enzymes market in Africa, The South African Brewing Sector Ltd (SAB) is the South African subsidiary, one of the world’s largest brewers by volume with more than 200 brands and brewing interests and distribution agreements in over 60 countries across six continents. The vision and values of SAB underpin all of the beer – makers operations. In South Africa, SAB uses economies of scale as well as variety to retain a competitive, unique selling proposition. As a market leader in product innovations, SAB recently introduced the first flavored beer, Flying Fish, into the South African market. This was in a successful attempt to target a unisex market. Further, Carlsberg and Brooklyn opened a new craft brewery in Lithuania; the project is a joint investment between the Carlsberg Group and Brooklyn Brewery - strengthening the partnership between the two brewers even further, in order to excel in the European craft beer market.
Key companies operating in the global Brewing Enzymes market profiled in the report:
- Novozymes (Denmark),
- DSM (Netherlands),
- DowDuPont (US),
- Amano Enzyme (Japan),
- Hansen (Denmark),
- Associated British Foods (UK),
- Kerry Group (Ireland),
- Brenntag (Germany),
- Enzyme Development Corporation (US)
- Others
The report offers details about each market player along with the global position, financial standing revenue contribution, product portfolio, and business expansion plans. The global Brewing Enzymes market is extremely comprehensive and consists of leading players at regional and global levels focusing on adopting various strategies such as partnerships, joint ventures, mergers and acquisitions, collaborations, new product launches and research and development investments.
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The food and beverage industry is rapidly expanding in terms of revenue and is expected to account for lucrative revenue growth between 2021 and 2028 owing to rapid developments in the food and beverage sector, rising demand for high quality food, rapidly expanding global population and constantly changing public preferences. In addition, increasing investments to develop sustainable and eco-friendly products, increasing adoption of veganism and rising consumption of energy drinks, probiotics and increasing demand for packaged food are boosting global market growth.
Asia Pacific is expected to register fastest revenue CGAR throughout the forecast period owing to factors such as increasing consumption of healthy food and food products, emergence of new market players, rising disposable income and increasing demand for meat free and gluten free products.
Market Segmentation:
On the basis of Type: (Revenue, USD Million; 2020-2028, Volume: Tons)
- Amylase
- Beta-glucanase
- Protease
- Xylanase
- Others (alpha acetolactate-decarboxylase (ALDC), pectinase, hydrolase, beta-glucosidase, and amyloglucosidase)
On the basis of Application: (Revenue, USD Million; 2020-2028, Volume: Tons)
- Beer
- Wine
- Others
On the basis of Source: (Revenue, USD Million; 2020-2028, Volume: Tons)
- Microbial
- Plant
On the basis of Form: (Revenue, USD Million; 2020-2028, Volume: Tons)
- Liquid
- Powder
On the basis of Process (Qualitative):
- Malting
- Mashing fermentation
- Wort separation and filtration
- Maturation
Key questions addressed in the global Brewing Enzymes market report:
- Who are the key players operating in the global Brewing Enzymes market?
- What are the key outcomes of SWOT analysis and Porter’s Five Force analysis of the global Brewing Enzymes market?
- What are the key restraints that are expected to hamper global Brewing Enzymes market growth during the forecast period?
- What are the key factors expected to boost global market revenue growth between 2021 and 2028?
- What revenue CAGR is the global Brewing Enzymes market expected to register throughout the forecast period?
- Which region is expected to account for dominant revenue share over other regional markets throughout the forecast period?
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