Over the projection period from 2023 to 2033, it is anticipated that the global market for brewing chillers will expand at a CAGR of 5.3%. THE MARKET IS PROJECTED TO INCREASE from US$ 1,200.0 million in 2023 to US$ 2,011.2 million in 2033. In 2022, the global market valued US$ 1,139.6 million US$.
Some of the key factors driving growth in the global market include increasing demand for craft beer and the need to maintain constant quality and temperature during storage and transportation. The increasing number of microbreweries and nanobreweries is also driving the demand for fermentation coolers worldwide.
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Breweries around the world require efficient refrigeration systems to maintain the quality and taste of the final product. Thus, the rise in the number of microbreweries is expected to increase the demand for fermentation coolers in the forecast period.
In September 2020, for example, Indian Hotels Corporation Limited (IHCL), the largest hospitality company in South Asia, teamed up with AB InBev, the world’s largest brewing company. With this partnership, they opened India’s first 7Rivers Brewpub at Taj MG Road, Bengaluru. It has a microbrewery on site and is the first brew pub of its kind in the hotel.
Many beverage companies also introduce the latest beverages to attract more consumers. Thus, they are set up to search for highly efficient and smooth brewing coolers in the evaluation period. The market in the United States by country is constantly evolving due to the easy availability of technologically advanced fermentation coolers with various operational features and capabilities. Hence, many of the country’s breweries are striving to stay abreast of the latest refrigeration technology in order to maintain a competitive edge.
Key Takeaway: Brewing Refrigerant Market
- By the end of 2023, Japan is set to take 2% share in the global fermentation chiller market and reach a valuation of US$62.4 million.
- By the end of 2023, Australia is expected to have a 7% share and reach a valuation of US$54.3 million in the fermentation coolers market.
- The demand for fermentation coolers is expected to grow at an 8% CAGR in China between 2023 and 2033.
- Demand for fermentation coolers is expected to grow at 0% CAGR in India between 2023 and 2033.
- Demand for fermentation coolers is expected to grow at a compound annual growth rate of 4% in the UK between 2023 and 2033.
“Access to a wide variety of flavors, changing consumer preferences, and increased disposable income for consumers are expected to drive sales of brew coolers in the evaluation period. Besides, the growing demand for beer and other fermented beverages should help the growth,” says one of the lead analysts at Future Market Insights.
Competitive landscape: Brewing Refrigerants Market
The top 5 manufacturers of fermentation coolers are Blichmann Engineering, Robert Bosch GmbH, Kilkenny Cooling Systems, Robert Bosch GmbH, Haier Group Corporation, and others. The majority of these companies focus on mergers and acquisitions, partnerships and collaborations to expand their portfolios and strengthen their position worldwide. The market is also set to see the entry of several small-scale brewers who may require advanced machinery and equipment such as chillers.
Get more valuable insights into the Refrigerant Brewing Market
Future Market Insights, in its new offering, provides an unbiased analysis of the fermentation cooler offering historical demand data (2018-2022) and forecast statistics for the period 2023-2033. The study provides insights into the Brewing Coolers market based on type (air-cooled, water-cooled, glycol-cooled), by application (beer, wine, and others), by end-user (bars, restaurants, breweries, and coffee shops), and region.
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Brewing Refrigerants Market Outlook by Category
By type:
- Air cooling
- he moved
- spoil
- reciprocal
- Water cooled
- Shell and tube
- plate and frame
- glycol cooling
By application:
- beer
- vintage
- others
By the end user:
- bars
- Restaurants
- breweries
- cafes
By region:
- north america
- latin america
- Europe
- Asia Pacific
- Oceania
- something
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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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