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 drinks, especially light beers, have an impact on the brewing enzymes industry, which is expected to account for 17% of the food enzymes market, which is expected to be worth $2.2 billion by 2021.
Over the course of the forecast period, total sales in the global brewing enzymes market are likely to rise at a compound annual growth rate (CAGR) of 6.4%. In 2022, the market is estimated to be valued at US$ 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.
Growing urbanization and the need for alcoholic beverages in pubs and bars are expected to fuel the growth of the brewing enzyme market. In addition, there’s an increasing demand for light beers as customers become more health conscious. This is expected to have a direct impact on the brewing enzyme market.
The necessity for industrial enzymes, wine, and beer in general drives the brewing enzymes industry. Breweries utilize these enzymes to expedite their processes and generate consistent, high-quality products.
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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:
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- 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
Due to the presence of strong regional and domestic players in several countries, the global market for brewing enzymes is fragmented. Mergers, expansions, acquisitions, and partnerships, as well as new product development, are among some of the strategies used by manufacturers to increase brand exposure. For instance:
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- 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:
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- Beta-glucanase
- Amylase
- Xylanase
- Protease
- Alphalase
- Other Types
By Application:
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- Beer
- Wine
By Source:
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- Microbial
- Plant
By Form:
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- Liquid
- Dry
By Process:
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- 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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Frequently Asked Questions
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- How much is the brewing enzyme market currently worth?
- At what rate will the brewing enzymes market grow over the forecast period?
- How much is the brewing enzymes market expected to be worth by 2032?
- Which region is expected to drive the brewing enzymes market over the forecast period?
- Who are the prominent manufacturers in the brewing enzymes market?
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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