Penetration of Craft Beer Worldwide to Boost the Demand for Home Beer Brewing Machines

The home beer brewing machines market worldwide is likely to grow with a CAGR of 14.3% throughout the forecast period from 2023 to 2030, starting from US$ 14.17 Mn in 2021. Penetration of craft beer, homemade beer and growing beer consumption worldwide are the major growth factors for home beer brewing machines market. In 2020, the global beer consumption stood at around 186 Mn kiloliters. Growing trend of house parties and increasing demand for fresh beer among youngsters are some other major growth factors for the home beer brewing machines market. As a result, we expect that the home beer brewing machine market will show huge growth during the forecast period.

Full Size Brewer Segment to be the Fastest Growing

In 2020, the global home beer brewing machines market was led by the mini brewer segment.  Mini brewer segment had 63% market revenue share in the same year. Increased trend of home brewing is the key factor for the dominance of the mini brewer segment. On the other hand, we expect that the full size brewer segment will be the fastest growing segment during the forecast period. Increasing popularity of craft beer among millennial is the major reason for the growth of the segment. Growing small-scale brewers is the other major factor for the fastest growth of full size brewer segment.  Therefore, we expect that the full size brewer segment will be the fastest growing segment throughout the forecast period.

Asia Pacific to be the Fastest Growing Region

North America was the largest contributor in the global home beer brewing machines market followed by Europe and Asia Pacific respectively in 2020. North America accounted for more than 1/2 of the global revenue in the same year. The region has its dominance due to higher popularity and consumer inclination towards home brewing. On the other flip, Asia Pacific will be the fastest growing region owing to people inclination towards craft and draught beer. In 2020, Asia Pacific was the largest beer consumption region with around 33% market share, growing with over 6% annually. Further, the changing culture in Asia Pacific such as urbanization, changing consumer habits, rising middle class and others are some of the major growth factors. Thus, we expect that the Asia Pacific region will be the fastest growing region during the forecast period.

Some of the prominent players operating in the home beer brewing machines market include Brewie and PicoBrew, Speidel Tank-und Behälterbau GmbH, Williams Warn Ltd, BrewJacket LLC, BREWART, LG Electronics, HOME BREW WEST, AIBrew Corp., NEWITY Ltd., and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Home Beer Brewing Machines market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Home Beer Brewing Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Home Beer Brewing Machines market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Home Beer Brewing Machines market?
• Which is the largest regional market for Home Beer Brewing Machines market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Home Beer Brewing Machines market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Home Beer Brewing Machines market worldwide?