Brewery Equipment Market is Predicted to Expand $25.6 billion by 2027
The global brewery equipment market size is estimated to be valued at USD 19.2 billion in 2022 and is projected to reach USD 25.6 billion by 2027, recording a CAGR of 5.9% in terms of value.
Brewery equipment market is gaining traction majorly because of the expanding craft brewery industry. Increased demand for low-alcohol, premium beer, and the establishment of taprooms and microbreweries...
Increasing Number of Microbreweries and Brew Pubs Driving the Brewery Equipment Market
The Brewery Equipment Market is estimated to be valued at USD 16.8 billion in 2019 and is projected to reach USD 24.0 billion by 2025, recording a CAGR of 6.1% from 2019 to 2025. Increasing number of microbreweries and brew pubs, rise in demand for craft beer across regions, and product innovations in the brewery equipment market are factors driving the growth in the brewery equipment market.
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Growing Number of Microbreweries and Brew Pubs is Driving the Market for Brewery Equipment
The global market is estimated to be valued at USD 16.8 billion in 2019 and is projected to reach USD 24.0 billion by 2025, recording a CAGR of 6.1% from 2019 to 2023. Increasing number of microbreweries and brew pubs across regions and product innovations in brewery equipment industry are some factors that are driving the market. The key players profiled in the brewery equipment market include...