The mini brew fermenter market is expected to be worth $989.2 million in 2023 and grow to $1,642.3 million by 2033, at a CAGR of 5.2% during the forecast period.
The market for mini brew fermenter is expected to grow significantly over the forecastw period due to changing consumer preferences, particularly among young people, who are increasingly interested in sustainable, flavourful, and affordable fresh beer made with natural and authentic ingredients.
Furthermore, sales of mini brew fermenters are expected to rise in the coming years as a result of expanding the brewing portfolio to enable beer enthusiasts to realise their brewing potential. Major market players offer a comprehensive line of homebrew products, with over 70 products in this category for both professionals and hobbyists.
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Furthermore, the growing consumer interest in premium handcrafted beer produced in small-size batches, particularly in urban areas, is expected to support the growth of the mini brew fermenter market. Over the forecast period, the growing demand for after-sales service for maintenance and services during or after the installation of the mini brew fermenter is expected to aid market growth.
The introduction of a new, more economical line of mini-brew fermenters to enable would-be brewers to explore exciting new ways of homebrewing is projected to boost the demand for mini-brew fermenters. The launch of all-in-one systems, in addition to an extensive range of add-ons and accessories, is predicted to invigorate the market growth over the projected time.
Key Takeaways:
- During the forecast period, the mini brew fermenter market is expected to grow at a rapid CAGR of 5.2%. The market growth can be attributed to the rising popularity of craft beer, which has a unique flavor to it, among young adults, thus boosting the sales of mini brew fermenters.
- North America mini brew fermenter market is led by the United States, with a global market share of 6%. In terms of mini brew fermenter market size, the United States is expected to have a total market capitalization of USD 371.9 million in 2023. The market growth can be ascribed to the rampant growth of breweries, along with the major market players residing in the region.
- During the forecast period, the UK mini brew fermenter market is expected to grow at a CAGR of 6.0%. Increasing number of pubs and small or local brewery in the region is supporting the market growth in the UK.
- On the basis of end user, micro-breweries are the major category exhibiting heightened use of this equipment. Growing demand for mini brew fermenter on account of its compact size, easy-operability, and its ability to produce supreme quality beer, is predicted to boost the global market growth.
Competitive landscape:
Top 5 manufacturers of mini brew fermenter are Ss Brewtech, Blichmann Engineering, Catalyst Fermentation System, Midwest Supplies, and Northern Brewer.
The mini brew fermenter market is highly competitive with a large number of players. The key strategies adopted by the players in the market are product innovation, mergers and acquisitions, and expansion into new markets.
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Future Market Insights, in its new offering, provides an unbiased analysis of mini brew fermenter presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.
The study provides valuable insight on the mini brew fermenter market based on by Material (Stainless Steel, Plastic, and Others), by Automation (Fully Automatic, and Semi-automatic), by End-user (Breweries, Micro-Breweries, Food & Beverage Industry, and Household).
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Mini Brew Fermenter Market by Category
By Material, Mini Brew Fermenter Market is segmented as:
- Stainless Steel
- Plastic
- Others
By Automation, Mini Brew Fermenter Market is segmented as:
- Fully Automatic
- Semi-automatic
By End-user, Mini Brew Fermenter Market is segmented as:
- Breweries
- Micro-Breweries
- Food & Beverage Indsutr
- Household
By Region, Mini Brew Fermenter Market is segmented as:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- MEA
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