Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Beer is a kind of liquor that is made from natural ingredients, such as hops, malted cereals, water, and yeast. The brewery equipment market is witnessing high demand attributed to the growing demand for beer, owing to health benefits such as a low calorific content and a high number of antioxidants, among others. Beer contains vitamins, minerals, and fibers, which certainly contribute to diet. The brewery equipment is a set of tools and monitoring systems used in the processing of beer. The brewing process involves various steps such as milling the grain, malting, lautering, mashing, wort separation, boiling, cooling, fermenting, conditioning, filtration, carbonation, cellaring, carbonation, and filling. Each process involves specific equipment to perform the job of brewing.
Major drivers of the Asia Pacific Brewery equipment market are an increase in consumption of beer, product portfolio development by large-scale brewing companies, and a rise in investment by the brewery processing sector. Moreover, the increased restructuring of beer laws by this region to meet the rising demand is projected to boost the market growth. Furthermore, increasing focus on digitization and mechanization by the beer manufacturers to ensure the liberal development of cost benefits is helping the market to grow. Social change and reception of western culture have influenced the buyers of mix beverages.
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the Brewery Equipment Market. Also, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The COVID-19 outbreak is having a substantial impact on the brewing equipment industry. Demand for the beer is suffering severe shocks across various end-use markets, supply chains are disturbed, and the competitive order of producers and manufacturers has witnessed a change. In COVID-19, the government of APAC is taking possible steps to reduce its effects by announcing lockdown, and thus, impacting the revenue generated by the market.
The study analyzed the Asia Pacific Brewery Equipment Market based on equipment type, brewery type, mode of operation, and geography
The type of equipment in the market are milling, brewhouse, cooling, fermentation, filtration, filling, and other types of equipment. The fermentation equipment segment is anticipated to be the largest market in the forecast period. During the fermentation process, the malt is kept in the tanks for few weeks and malt releases acid is as a by-product, due to which, there are increasing chances of tank worsening. Since the tanks are employed for a longer duration during the process, the requirement for more tanks by breweries to increase production. Due to these factors, the fermentation equipment segment is expected to account for a larger market share in the brewery equipment market.
Macro brewery and craft brewery are the main brewery type in the market. The craft brewery is further segmented into micro-brewery and brewpubs. The macro brewery segment is dominating the market, as macro brewery requires high-capacity equipment to carry on large-scale beer production. This leads to increasing demand for high-capacity equipment.
Brewery equipment market by mode of operation segmented as manual, automatic, and semiautomatic. Automatic mode segment leading the market, owing to increasing focus on mechanization and digitization by the beer manufacturers to ensure the progressive enhancement of cost benefits.
Geographically, the brewery equipment market is studied across the countries of China, India, Japan, and rest of APAC. China is dominating the Asia Pacific brewery equipment market followed by Thailand and Singapore owing to changing lifestyles and consumer preferences towards brew drinks.
The key competitors of the market Alfa Lavel, GEA Group, RJ Brewing Solutions, SpectraA technology solutions pvt. Ltd., IG BREWTECH, WEMAC beer equipment, Jingde Beer Equipment, Zhuoda Machinery Equipment, Meto Beer Equipment, HengCheng Beverage Equipment, Maidilong Beer Equipment Technology, Nagata Brewing mationary, Maidilong Beer Equipment Technology, among others.
The study analyzed the Asia Pacific brewery
equipment market based on equipment type, brewery type, mode of operation, and
geography. The type of equipment in the market are milling, brewhouse, cooling,
fermentation, filtration, filling, and other types of equipment. The
fermentation segment is likely to dominate the market over the forecast period.
Macro brewery and craft brewery are the main brewery type in the market. The
craft brewery is further segmented into micro-brewery and brewpubs. The macro
brewery segment is likely to register the fastest growth in years to come.
Brewery equipment market by mode of operation is segmented as manual,
automatic, and semiautomatic. The automatic mode segment is leading the market
over the forecast period. Geographically, the study is comprised of the key
countries of Asia Pacific.
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