The global brewing chiller market is expected to grow at a CAGR of 5.3% over the forecast period from 2023 to 2033. The market is expected to grow from US$ 1,200.0 Mn in 2023 to US$ 2,011.2 Mn in 2033. The global market was worth US$ 1,139.6 Mn in 2022.
Some of the major factors driving growth in the global market include increasing demand for craft beer and the need to maintain consistent quality & temperature during storage and transportation. Increasing number of microbreweries and nano breweries is also fueling the demand for brewing chillers across the globe.
Breweries across the globe require efficient cooling systems to maintain the quality and taste of the final product. Hence, rising number of microbreweries is anticipated to fuel the demand for brewing chillers in the forecast period.
In September 2020, for instance, Indian Hotels Company Limited (IHCL), which is South Asia’s largest hospitality firm, joined hands with AB InBev, which is the world’s largest brewer. With this partnership, they opened India’s first 7Rivers Brewpub at Taj MG Road, Bengaluru. It has an on-site microbrewery and is considered to be the first-of-its-kind brewpub at the hotel.
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Several beverage companies are also introducing state-of-the-art drinks to attract more consumers. Thus, they are set to look for highly efficient and smooth brewing chillers in the evaluation period. The market in the U.S. in terms of country is constantly evolving due to the easy availability of technologically advanced brewing chillers with different features and operational capabilities. Thus, various breweries in the country are striving to stay up-to-date on the latest chilling technology in order to maintain a competitive edge.
Key Takeaways: Brewing Chiller Market
- By the end of 2023, Japan is set to account for 2% of share in the global brewing chiller with market and reach a valuation of US$ 62.4 Mn.
- By the end of 2023, Australia is projected to account for 7% of share and reach a valuation of US$ 54.3 Mn in the market for brewing chillers.
- The demand for brewing chillers is projected to grow at 8% CAGR in China between 2023 and 2033.
- The demand for brewing chillers is expected to grow at 0% CAGR in India between 2023 and 2033.
- The demand for brewing chillers is expected to grow at 4% CAGR in the U.K. between 2023 and 2033.
“Accessibility to a wide range of flavors, changing consumer preference, and rising disposable income of consumers are anticipated to push sales of brewing chillers in the assessment period. Besides, surging demand for beer and other fermented beverages would aid growth,” says a lead analyst at Future Market Insights.
Competitive Landscape: Brewing Chiller Market
Top 5 manufacturers of brewing chillers are Blichmann Engineering, Robert Bosch GmbH, Kilkenny Cooling Systems, Robert Bosch GmbH, and Haier Group Corporation among others. The majority of these companies are focusing on mergers & acquisitions, partnerships, and collaborations to expand their portfolios and strengthen their position across the globe. The market is also set to witness the entry of various small-scale brewers who would demand advanced machinery and equipment such as chillers.
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Get More Valuable Insights into Brewing Chiller Market
Future Market Insights, in its new offering, provides an unbiased analysis of brewing chiller presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033. The study provides valuable insight on the brewing chiller market based on by type (air-cooled, water-cooled, and glycol-cooled), by application (beer, wine, and others), by end user (bars, restaurants, breweries, and cafes), and region.
Brewing Chiller Market Outlook by Category
By Type:
- Air-cooled
- Scroll
- Screw
- Reciprocating
- Water-cooled
- Shell and Tube
- Plate and Frame
- Glycol-cooled
By Application:
- Beer
- Wine
- Others
By End User:
- Bars
- Restaurants
- Breweries
- Cafes
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- MEA
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