Brewing Enzymes Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (Amylase, Beta-glucanase, Protease, and Xylanase); Source (Microbial and Plant); Application (Beer and Wine)); and Region/Country
The global Brewing Enzymes Market is expected to grow at a significant rate of around 7% during the forecast period. The Brewing Enzymes market is one of the fastest-growing markets. As it plays an important role in the production of beer and wine such as fragmentation, germination, clarification, and mashing. These are important when it comes to flavor, aroma, etc. Moreover, commercial brewing enzymes have created various opportunities in product development and research. In the dynamic market environment where consumer awareness about the fragrance, taste, and manufacturing process is fueling the market expansion in brewing enzymes. In addition, the young population is also a major factor driving the market. For instance, companies like Royal DSM launched Delvo Plant, a range of enzymes that optimize taste, sweetness, and texture. These enzymes have several advantages, including enhancing texture and releasing the natural sweetness of raw materials like rice, soy, and oats. They also increase the solubility of protein and decrease viscosity.
Millercoors LLC, Ab Enzymes Inc, Kerry Inc, Megazyme Inc, DSM Food Specialities B.V, Customized Brewing Solutions, DuPont De Nemours and Co., Soufflet Biotechnologies, Novozymes A/S, and Merck & Co. Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, Amylase category to witness higher CAGR during the forecast period, i.e., 2022-2028.”
Based on type, the market is segmented into amylase, beta-glucanase, protease, and xylanase. Out of this, the Amylase category is to witness a higher CAGR during the forecast period owing to the growing penetration of beer consumption globally. It is used in industries because they require less time in processing and less space. It is also a cost-effective method. It is mainly used in Asia Pacific and African regions, due to lower access to malt in these regions which will lead to higher demand for amylase. Additionally, the growing and young population in the Asia Pacific region will create a demand for beer, which will lead to increased production of beer. These factors will drive the market for amylase.
“Amongst sources, the microbial source to hold a significant share in the market in 2021.”
On the basis of source, the market is categorized into microbial and plant. Out of this, the microbial segment is leading the market. Without complex prerequisites, microorganisms generate enormous quantities of enzymes. They can grow with the least amount of nutrients and develop at a faster rate. They are scalable and functional across a broad temperature range. It is conceivable and effective for bacteria to produce enzymes for industrial use. As a result of the microbial source’s great advantages over the plant source, enzyme production from this source will increase over the predicted period. Microbial enzymes also provide manufacturers with more control over the flavor, texture, viscosity, thickness, and scent of the beer they want to make.
Brewing Enzymes Market Report Coverage
“Amongst application, the beer to witness higher CAGR during the forecast period, i.e., 2022-2028.”
The beer segment is expected to grow at the fastest CAGR during the forecast period. With the growing population and increasing disposable income, the growing demand for beer will accelerate the expansion of the beer segment in the market for brewing enzymes. In addition, the market’s developing range of beer varieties, fragrances, and brands will be favorable for the segment’s expansion.
“Asia Pacific to hold a significant share in the market in 2021.”
In 2020, the Asia Pacific region will dominate the global market for brewing enzymes due to a rise in the demand for beer and wine. One of the main causes of the rising demand for beer and wine in the Asia Pacific is the increasing impact of Western culture on the youthful people of the area. Other factors that have a big impact on the rise in demand for beer and wine are fast urbanization, adoption of the Western way of life, hectic work schedules, and rising disposable income. By giving consumers a wide range of alternatives, the growing number of microbreweries that seek to include regional tastes, scents, and ingredients in beers and wines is assisting in the growth of the industry. The market is expanding due to the youthful millennial and Generation Z population in the area. Brewing enzymes are becoming more and more popular as a result of the region’s affordable labor, welcoming corporate environment, and sizable consumer market.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global brewing enzymes market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Brewing Enzymes Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global brewing enzymes market were the three major steps undertaken to create and analyze the adoption of brewing enzymes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global brewing enzymes market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the brewing enzymes market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the brewing enzymes market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, source, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the brewing enzymes market. Further, we conducted factor analysis using dependent and independent variables such as type, source, and application of brewing enzymes. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the brewing enzymes market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global brewing enzymes market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the brewing enzymes market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global brewing enzymes market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global brewing enzymes market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, source, and application in the global brewing enzymes market.
The main objective of the Global Brewing Enzymes Market Study
The current & future market trends of the global brewing enzymes market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the brewing enzymes market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, source, and application
- Define and analysis of the regulatory framework for the brewing enzymes industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the brewing enzymes market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the brewing enzymes market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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