Beer Brewing Machine Market is Likely to Cross ~US$ 58.6 Billion by the End of 2032 | Report By FMI

The beer brewing machine market size is likely to hold the global market at a moderate CAGR of ~3.4% during the forecast period. The global market holds a forecasted revenue of ~US$ 42 Billion in 2022 and is likely to cross ~US$ 58.6 Billion by the end of 2032.

The beer brewing machine enables convenient production of freshly brewed homemade beer. Beer brewing machines incorporate advanced features and technologies and exceeds conventional and traditional techniques of brewing beer. Beer brewing machines are available as manually operated and automatic as well. Compact size and easy portability make beer brewing machines seamless for the small scale beer brewing.

The manufacturers offer beer brewing machines in various design, size and capacity ranges along with ability to customize recipes. In addition, high-end beer brewing machines also enable synchronization with smartphones and devices. Beer brewing machines are also employed with automatic cleaning system and installation process is simple.

The practice of homemade beer brewing is gaining more prominence among the consumers. Advent of e-commerce, growing beer consumption and rising stature of customized beer are the factors estimated to augment the growth in demand for beer brewing machine market.

The ongoing COVID-19 pandemic has already hit the global economy harder than the great recession of 2008. The crisis has caused shut down of the manufacturing facilities and supply chains are at halt, resulting in significant dip in the short term demand for beer brewing machines. However, with growing eminence of online sales and service, the market is anticipated to recover sharply post the pandemic period.

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Beer Brewing Machine Market: Dynamics

Beer have significant popularity among consumers from all age-groups. Increasing demand for draught beer and home craft beer among the millennials are the factors primarily driving the demand for beer brewing machines. For instance, as per analysis by AHA (American Homebrewers Association), nearly 1.1 million people in the U.S. fancy craft beer made at home, and 40% of these consumers have inclined towards home brewed beer in last four years.

Increasing per capita income, spending capacity and continuously improving living standards coupled with easy availability of the products required for home brewed beer and convenient operation are expected to create positive prospects for the growth of beer brewing machine market.

The increasing customer inclination towards fresh beer with variety of flavors is expected to ascend industry trends. The manufacturers are providing innovative beer brewing machines equipped with digital thermostats, Wi-Fi connectivity, display controls, multi-tap systems, etc. for more reliable and energy efficient operation. As a result, paving the way for the growth in beer brewing machine market.

Advertising restrictions and regulations for licensing are the reasons expected to restrain beer brewing machine market growth. Lack of attractiveness towards beer consumption, conservative attitude along with cultural restrictions in many Asian countries are also anticipated to create hindrance in the beer brewing machine market growth.

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