Brewing Enzymes Market Size By Product (Amylases [Decotion Vessel, Mashing, Fermentation], Proteases [Conditioning Tank], Beta-glucanases [Decotion Vessel, Mashing, Fermentation], Xylanases [Mashing]) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, Netherlands, Ukraine, Belgium, Czech Republic, China, India, Japan, South Korea, Australia, Thailand, Vietnam, Brazil, Argentina, Venezuela, Colombia, South Africa, Nigeria, Egypt), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
Published Date: August 2017 | 250 Pages | Report ID: GMI2009 | Report Format:
Brewing Enzymes Market size was worth over USD 230 Million in 2016 and will surpass 17,000 tons by 2024.
U.S. Amylases Brewing Enzymes Market Size, By Function, 2016 & 2024 (Tons)
Necessity to improve brewing efficiency to meet beer demand will propel the brewing enzymes market growth. Global beer production exceeded 1.9 billion hectolitres in 2016, with China produced around 430 million hectolitres in the same year. Improved beer quality at low production costs coupled with elimination of cold stabilization process are the key properties fuelling product demand.
Rising influence of western culture along with increasing disposable income particularly in developing economies will drive brewing enzymes industry growth. Mexico disposable income was over USD 14,500 per capita in 2016. Increasing consumer spending on food & beverages will support the industry demand. As per industry reports, global consumer expenditure on alcoholic beverages was over USD 222 billion in 2016.
Sturdy growth in global beer consumption rates particularly in Europe will fuel the industry growth. Beer consumption per capita was over 80liters in Spain and over 100liters in Germany in 2016. Rapid urbanization accompanied by increasing dining restaurants, cafes, bars & pubs will positively influence product penetration.
Strong outlook of enzymes in several brewery processes including mashing, fermentation and cereal cooking will create new opportunities for the industry growth. Increasing beer production capacities along with adoption of alternative material other than malt are the key factors positively influencing the product demand. Rising demand for light beers, containing low calories will propel the market penetration.
Development of several varieties including flavoured beer and gluten free beer coupled with rapid expansion of the multinational companies will trigger the demand. Modification of taste, quality and content of beer with the product usage are the supporting properties of the business growth.
High dependency on the agricultural products along with changing raw material prices may affect enzymes market price trend. Fluctuating pH properties, rate of reaction and temperature are the challenging factors for the product demand.
Brewing Enzymes Market, By Product
Amylases was valued over USD 75 million in 2016. Ensuring uniform and stable mashing with no irregularities along with improved filtration & fermentation are the key properties driving the product demand. Increasing production of fermentable glucose during beer production due to product usage will fuel the industry growth. Rising demand to increase beer production with same utilization of manufacturing facilities are the driving factors of the product development.
Beta-glucanases demand is anticipated to be more than 5 kilotons by 2024. Rising product adoption due its key benefits including improved wort separation, reduced viscosity and enhanced filtration will drive the demand. Production of improved quality beer with the unmalted barley due to the product usage will propel the brewing enzymes market growth.
Proteases are estimated to witness growth over 5.5% up to 2024. Improved product functions resulting in faster beer production has enhanced the product penetration. Increasing consumer spending on alcoholic beverages particularly among millennials will stimulate the industry demand.
Brewing Enzymes Market, By Region
North America brewing enzymes market was worth over USD 45 million in 2016. Increased beer production in the U.S., due to presence of key industry players will propel the regional demand. The U.S. beer production was over 220 million hectolitres in 2016. Rising demand for alcoholic beverages particularly from bars & pubs will support the industry growth.
Asia Pacific driven by China brewing enzymes market will witness growth around 6.5% up to 2024. Increasing beer manufacturing plants owing to favourable socio-economic conditions will fuel the industry demand. Changing income trends and living standards has enhanced the product penetration. Increasing youth population particularly in India is the key factor fuelling the industry growth. India has over 65% population below age of 35 years. As per reports, average age of an Indian will be 29 years by 2020.
Europe brewing enzymes market will worth over USD 110 million by 2024. Increasing beer consumption per capita is the key factor driving the regional demand. Rising product awareness to boost the beer production will trigger the market growth. Reduced beer costs along with availability in metal cans, glass and plastic bottles will support the business growth.
Competitive Market Share
Global brewing enzymes market share is consolidated, as the key multinational players occupy the major industry share. Novozymes, Royal DSM, Amano, Danisco and Denykem are the major industry players. Production capacity expansion, brand portfolio expansion, mergers, collaborations and acquisitions are the key strategies adopted by the industry players. For instance, in 2016, Novozymes acquired Organobalance GmbH to enhance development in microbial solutions.
Major customers include Heineken N.V., Carlsberg Group, Miller Coors, Anheuser-Busch, Boston Beer Company and Beijing Yanjing Brewery. Other notable players include Lyven, Dyadic International, Z.A. Biotech, Megazyme, Boli Bioproducts and Hobio Bioengineering.
Brewing Enzymes Industry Background
Beer is an alcoholic beverage with ingredients for production including malted barley, hops, water, and yeast fermentation of sugars. The production includes catalyst, chemicals to improve the production process. Brewing enzymes are the alternative catalyst, that are more simpler and less expensive than malting process. Improving saccharification, starch liquefaction and enhancing the overall production efficiency are the key factors driving the industry demand.
Enzymes are the biological catalysts accelerating the chemical reactions. They are widely used to convert the substrate molecules into usable products. Enhancing reduction of non-specific reactions that cause poor product yields are the key properties driving the product demand. Its extensive applications include in food & beverages, detergents, animal feed and other technical applications.
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