Brewing Enzymes Market Overview
Brewing Enzymes Market Size is Projected to Reach USD 451.41 Billion by 2030 with CAGR 6.54% by 2022 – 2030.
Enzymes refer to the proteins with a special structure capable of boosting the breakdown of various substrates and are used in the production of beer and wine. The use of enzymes offers freedom to brewers to use raw materials of their choice. The global brewing enzymes market has recorded substantial growth in the past few years. The market's growth is primarily being driven by the growing demand for beer and alcoholic beverages across the globe. Furthermore, the increasing urbanization, rise in the overall disposable income, switch in consumer preferences, and continuous innovation taste are also projected to boost the growth of the brewing enzymes market over the assessment timeframe. On the other hand, the lack of technical knowledge and government regulations may impede the growth of the brewing enzymes market over the forecasted timeframe.
The Spain brewing enzymes market is experiencing steady growth, driven by the increasing demand for high-quality and diverse beer options. The craft beer movement in Spain has gained momentum, leading to a surge in the number of microbreweries and craft breweries. These breweries are adopting enzyme technologies to optimize the brewing process, enhance flavor profiles, and improve the clarity and stability of their products. Enzymes such as amylases, proteases, and beta-glucanases are commonly used to accelerate fermentation and improve overall production efficiency. The Spanish beer market is also witnessing a growing preference for low-alcohol and gluten-free beers, further driving the demand for brewing enzymes. Regulatory support for innovation in the brewing industry and the increasing consumer preference for premium and craft beers are key factors propelling market growth. Overall, the Spain brewing enzymes market is set to expand, driven by technological advancements and evolving consumer preferences towards diverse and high-quality brews.
Competitive Analysis
The global brewing enzymes market has an intensely competitive landscape. The players across the global market are implementing various growth strategies to strengthen their global market presence. With the rapid growth in demand across the globe, the market has witnessed numerous product launches, joint ventures, collaborations, etc. the global brewing enzymes market has prominent leaders such as DSM Food Specialties B.V. (Netherlands), Novozymes A/S (Denmark), Soufflet Biotechnologies (France), E. I. Du Pont De Nemours and Co. (U.S.), Customized Brewing Solutions (CBS) (Belgium), MillerCoors LLC. (U.S.), Megazyme Inc. (U.S.), Kerry Inc. (U.S.), Merck & Co., Inc. (U.S.), Ab Enzymes Inc. (Germany), and several others.
Segment Analysis
The global brewing enzymes market has been divided into numerous segments based on application, form, source, and type.
Based on type, the global market for brewing enzymes is divided into xylanase, protease, beta-glucanase, amylase, and others.
The brewing enzymes market is split into plant and microbial-based on the source.
The global market for brewing enzymes is divided into powder and liquid-based forms.
The global market for brewing enzymes is divided into wine and beer based on application.
Recent Developments
· February 2022 – Kerry, a global taste and nutrition specialist, has announced two biotechnology acquisitions, Enmex and C-LEcta, to expand its expertise, technology, and manufacturing capabilities. Kerry's chief science and technology officer, Dr. Albert McQuaid, said that precision fermentation, synthetic biology, and biotechnology are drastically transforming food and pharmaceutical industries worldwide. The company is on the verge of a new wave of innovation. He further added that substantial developments are happening in this area, where computer science and engineering principles are being used to deal with biological challenges and new healthier, more sustainable foods and medicines are being produced.
· December 2021- Chinova Bioworks, a food tech company, has announced the launch of the initiative with the Canadian college to develop a new processing aid for vegan-friendly beer.
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