brewing enzymes market are predicted to increase at a 6.4% CAGR globally to reach $761.2 million by 2032. Urbanisation drives the demand for alcoholic beverages, particularly light beers, which impacts the brewing enzymes market, which is projected to hold 17% of the $2.2 billion food enzymes market by 2021.
Over the course of the forecast period, total sales in the global brewing enzymes market are likely to rise at a compound annual growth rate (CAGR) of 6.4%. In 2022, the market is estimated to be valued at US$ 409.3 million, and by 2032, it is expected to be valued at US$ 761.2 million. About 17% of the US$ 2.2 billion global food enzyme market in 2021 was made up of the brewing enzymes industry.
Brewing enzyme sales are predicted to be driven by increasing urbanisation and the desire for alcoholic drinks in pubs and bars. Additionally, as consumers become more health conscious, there is a growing desire for light beers. It is anticipated that this will directly affect the brewing enzyme industry.
The brewing enzymes sector is driven by the need for industrial enzymes, wine, and beer across the board. These enzymes are used by breweries to speed up processing and produce reliable, high-quality goods.
Global Brewing Enzymes Market Set to Expand at a Robust 6.4% CAGR, Reaching $761.2 Million by 2032
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[City, Date] – The global brewing enzymes market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 6.4% on a global scale, reaching an estimated value of $761.2 million by 2032. This surge is attributed to the increasing urbanization, a rising demand for alcoholic beverages, particularly light beers, and a notable impact on the brewing enzymes market. In 2022, the market is estimated to be valued at US$ 409.3 million.
Key Market Drivers:
- Urbanization and Alcoholic Beverage Demand: The surge in urbanization has led to a growing demand for alcoholic drinks, especially in pubs and bars, driving the sales of brewing enzymes.
- Health Conscious Consumer Trend: With consumers becoming more health-conscious, there is a noticeable inclination towards light beers, directly influencing the brewing enzymes industry.
- Quality Drive in Breweries: The brewing enzymes sector experiences a demand for industrial enzymes, enhancing the processing speed and ensuring high-quality products in breweries.
- Technological Advancements: Craft brewing advancements and an increased demand for low-alcoholic beers contribute to the growth of brewing enzymes, fueled by technological innovations.
Market Dynamics:
- Application Dominance: The beer segment is anticipated to account for more than half of the total market share over the forecast period.
- Regional Growth: North America is expected to drive the brewing enzymes market with a 6.3% CAGR through 2032.
- Form Preference: Sales of liquid brewing enzymes are forecasted to gain momentum.
- Emerging Markets: East Asia is poised to emerge as a lucrative market for brewing enzymes during the assessment period.
Key Takeaways:
- The global brewing enzymes market is expected to reach a valuation of around US$ 409.3 Mn in 2022.
- The beer segment is anticipated to account for more than half of the total market share over the forecast period.
- North America brewing enzymes market is expected to grow at a 6.3% CAGR through 2032.
- Liquid brewing enzymes will continue gaining momentum in terms of form.
- East Asia is expected to emerge as a lucrative market for brewing enzymes over the assessment period.
Additionally, it is possible to change the flavor and color of these alcohols by adding enzymes during the brewing process, as a result producers are not afraid to experiment and provide new flavors to the market.
“Technological advancements in craft brewing, along with rising demand for low-alcoholic beers across various countries will boost sales of brewing enzymes over the forecast period,” says an FMI analyst.
Key Takeaways:
- The global brewing enzymes market is expected to reach a valuation of around US$ 409.3 Mn in 2022.
- Based on application, the beer segment is expected to account for more than half of the total market share over the forecast period.
- Demand in the North America brewing enzymes market is expected to grow at a 6.3% CAGR through 2032.
- In terms of form, sales of liquid brewing enzymes will continue gaining momentum.
- East Asia is expected to emerge as a lucrative market for brewing enzymes over the assessment period.
Competitive Landscape: The global brewing enzymes market features a fragmented landscape due to strong regional and domestic players. Strategies such as mergers, expansions, acquisitions, partnerships, and new product development are employed to enhance brand exposure. Examples include Associated British Foods plc’s collaboration with Genedata AG and Kerry’s technical partnership with Ginkgo Bioworks.
- Associated British Foods plc strengthened its collaboration with Genedata AG, a renowned provider of specialized software solutions for R&D, to digitalize strain development in order to speed up the identification of new brewing enzymes.
- Kerry announced a new technical partnership with Ginkgo Bioworks, a microbe startup that creates tailored microorganisms for specific applications. Kerry and Ginkgo collaborated to enter the enzyme business, expanding their market presence, and leveraging each other’s technology and processes to increase the development of specialized food enzymes.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global brewing enzymes market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Brewing Enzymes Market By Category
By Type:
- Beta-glucanase
- Amylase
- Xylanase
- Protease
- Alphalase
- Other Types
By Application:
- Beer
- Wine
By Source:
- Microbial
- Plant
By Form:
- Liquid
- Dry
By Process:
- Malting
- Maturation
- Wort separation and filtration
- Mashing & fermentation
Request a Tailored Report to Explore the Brewing Enzymes Market Segmentation by Beverage Type, Source, Form, and Process, and Gain a Deeper Understanding of Industry Dynamics :
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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