Market Overview

Global Brewing Enzymes Market 2018-2023: The Beta-Glucanase Segment is Projected to Register the Fastest Growth

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Dublin, Aug. 07, 2018 (GLOBE NEWSWIRE) -- The "Brewing Enzymes Market by Type (Amylase, Beta-glucanase, Protease, Xylanase, ALDC, Pectinase), Application (Beer and Wine), Source (Microbial and Plant), Form (Liquid and Powder), Process, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

Brewing enzymes market projected to grow at a CAGR of 6.6% during the forecast period.

The brewing enzymes market is estimated at USD 352.1 million in 2018. It is projected to reach USD 484.7 million by 2023, at a CAGR of 6.6% from 2018, in terms of value. The market is driven by the increase in popularity of craft breweries and specialty beers, continuous R&D resulting in product and process innovations increasing per capita income in Asia Pacific, and forecasted high cereal prices.

The demand for brewing enzymes in the beer segment is expected to witness significant growth in the near future, due to the rising popularity of beer among young consumers, rise in technological innovations, and growth in the craft beer segment and number of microbreweries. However, lack of uniformity in regulations affects international trade and hence serves as a restraining factor for the growth of the brewing enzymes market.

The microbial source is projected to dominate the brewing enzymes market through the forecasted period.

The microbial source accounted for a major share of the market for brewing enzymes, as they are easy to handle, can be produced in huge tanks without light, and have a very high growth rate. Microbial spruces are more cost-effective and not affected by seasonal changes. Additionally, they reduce the reaction time and minimize contamination risks, which save a considerable amount of energy. This has led to increased demand for microbial sources of enzymes.

The beta-glucanase segment is projected to be the fastest-growing for brewing enzymes market from 2018 to 2023.

Beta-glucanase plays a major role in the brewing process by facilitating the breakdown of complex beta-glucan molecules into smaller units located in the cell wall of the barley endosperm. The presence of beta-glucans in the brewing process can cause problems during beer filtration; thus, the usage of beta-glucanase is highly beneficial for its processing. It is specially used during the malting and mashing processes of beer production which drives the usage of beta-glucanase in the production of beer.

The liquid form of brewing enzymes dominates the brewing enzymes market, in terms of value and volume.

Brewing enzymes are used to extract higher yield from raw materials, reduce the risk of haze in the final beer, enhance the taste and quality of the beer, reduce the raw material cost, and shorten the maturation time. The liquid form of brewing enzymes is more widely used in the processing of beer and wine; it is preferred as it saves energy, reduces water usage, reduces the wastage of beer, and simplifies the filtering process.

Asia Pacific is projected to be the fastest-growing in the brewing enzymes market for beer application from 2018 to 2023"

The Asia Pacific region is projected to be the fastest-growing in the brewing enzymes market for the production of beer, owing to the lower availability of barley malt in this region; hence, enzymes are more widely to convert non-malted sources of carbohydrates into fermentable sugars. In the Asia Pacific region, other sources of raw materials such as corn, sorghum, and rice are majorly used to produce beer, which require more enzymes to increase capacity, shorten the production time, and allow the use of raw materials other than malt. Thus, due to quality and supply constraints on malts and their increasing prices, the demand for enzymes is increasing.

The leading players in the brewing enzymes market are Novozymes (Denmark), DSM (Netherlands), DowDuPont (US), Amano Enzyme (Japan), Chr. Hansen (Denmark), Associated British Foods (UK), Kerry Group (Ireland), Brenntag (Germany), Enzyme Development Corporation (US), Aumgene Biosciences (India), Biocatalysts (UK), and Enzyme Innovation (US).

Market Dynamics

Drivers

  • Forecasted High Cereal Price Trend
  • Increasing Per Capita Income Driving Beer Consumption in Asia Pacific
  • Continuous R&D, Resulting in Product and Process Innovations
  • Increasing Popularity of Craft Breweries and Specialty Beers
  • Need for Cost Reduction and Resource Optimization

Restraints

  • Lack of Uniformity in Regulations

Opportunities

  • Demand for Enzymes to Increase Beer Manufacturing Efficiency
  • Emerging Economies With High Growth Potential

Challenges

  • Low Malt Prices

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Brewing Enzymes Market
4.2 Market For Brewing Enzymes, By Type
4.3 Market For Brewing Enzymes, By Form & Region
4.4 Asia Pacific: Brewing Enzymes Market, By Type & Country
4.5 Market For Brewing Enzymes, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Forecasted High Cereal Price Trend
5.2.1.2 Increasing Per Capita Income Driving Beer Consumption in Asia Pacific
5.2.1.3 Continuous R&D, Resulting in Product and Process Innovations
5.2.1.4 Increasing Popularity of Craft Breweries and Specialty Beers
5.2.1.5 Need for Cost Reduction and Resource Optimization
5.2.2 Restraints
5.2.2.1 Lack of Uniformity in Regulations
5.2.3 Opportunities
5.2.3.1 Demand for Enzymes to Increase Beer Manufacturing Efficiency
5.2.3.2 Emerging Economies With High Growth Potential.
5.2.4 Challenges
5.2.4.1 Low Malt Prices

6 Brewing Enzymes Market, By Type
6.1 Introduction
6.2 Amylase
6.3 Beta-Glucanase
6.4 Protease
6.5 Xylanase
6.6 Others

7 Brewing Enzymes Market, By Application
7.1 Introduction
7.2 Beer
7.3 Wine

8 Brewing Enzymes Market, By Source
8.1 Introduction
8.2 Microbial
8.3 Plant

9 Brewing Enzymes Market, By Form
9.1 Introduction
9.2 Liquid
9.3 Powder

10 Brewing Enzymes Market, By Process
10.1 Introduction
10.2 Malting
10.3 Mashing & Fermentation
10.4 Wort Separation and Filtration
10.5 Maturation

11 Brewing Enzymes Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Spain
11.3.2 France
11.3.3 Italy
11.3.4 UK
11.3.5 Germany
11.3.6 Netherlands
11.3.7 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 Vietnam
11.4.4 Australia
11.4.5 New Zealand
11.4.6 Rest of Asia Pacific
11.5 South America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South America
11.6 Rest of the World (RoW)
11.6.1 South Africa
11.6.2 Middle East & Rest of Africa

12 Competitive Landscape
12.1 Overview
12.2 Competitive Scenario
12.2.1 Expansions & Investments
12.2.2 New Product Launches
12.2.3 Mergers & Acquisitions
12.2.4 Partnerships & Agreements

13 Company Profiles
13.1 Novozymes
13.2 DSM
13.3 Dowdupont
13.4 Amano Enzymes
13.5 Chr. Hansen
13.6 Associated British Foods
13.7 Kerry Group
13.8 Brenntag
13.9 Enzyme Development Corporation
13.10 Aumgene Biosciences
13.11 Biocatalysts
13.12 Enzyme Innovation (A Subsidiary of Specialty Enzymes and Biotechnologies)

For more information about this report visit https://www.researchandmarkets.com/research/vlc4rm/global_brewing?w=12

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Related Topics: Beer, Enzymes 

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