US Market Of Cider Brewing Equipment Outlook, Opportunity and Demand Analysis, Forecast 2022 - 2032
As per the report published by FMI, the global cider brewing equipment market is projected to have an average-paced CAGR of 3.8% during the forecast period. The current valuation of the market is US$ 1,648.4 million in 2023. The market value of the cider brewing equipment market is anticipated to reach a high of US$ 2,393.5 million by the year 2033. A historical market valuation of US$ 1,588.05 million has been recorded by the experts of Future Market Insights for the concerned market during the base year.
The cider brewing equipment market has been witnessing an unprecedented surge in recent years owing to the rising demand for cider consumption that is aiding in the market growth of all-in-one brewing systems. The millennial and urban population is becoming aware of the advantages associated with ciders which include a significant number of antioxidants, vitamins, and more, which is resulting in more demand for cider brewing equipment in the global market.
Furthermore, consumers are increasingly inclined towards heritage, innovation, and quality of alcoholic drinks, which is responsible for a decent growth of the market in the upcoming years. However, the expert analysts at FMI have analyzed that the high maintenance cost associated with the cider brewing equipment is likely to hinder the pace of advancement in the global forum, coupled with increased energy consumption by these machines.
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Key Takeaways from the Cider Brewing Equipment Market
Europe is projected to lead the cider brewing equipment market over the forecast period, with a total of 48.2% market share held by the region.
Germany is estimated to hold the leading market share with 25.2% in 2023 in the European region.
The macro brewery equipment segment accounted for a market share of 53.4% during the base year, as per the analysis of FMI.
The automatic cider brewing equipment by operation type category is expected to hold domineering shares in the cider brewing equipment market.
“Rising income of the population across the developing countries are expected to anchor the consumption of flavorful ciders, creating lucrative growth opportunities for the cider equipment manufacturers in the global market.” – Says an FMI Analyst.
Competitive Landscape in the Cider brewing Equipment Market
The global market is fragmented owing to the presence of a wide array of manufacturers operating in the international and domestic markets. The market is characterized by the presence of a significant consumer base across the globe with the companies operating their businesses through dedicated distribution networks.
Rigid competition from the regional market players as well as the leading players that cater to cost-effective equipment is anticipated to be a primary challenge for the companies operating in the international market. Furthermore, surging R&D initiatives by market leaders to develop and offer superior equipment are projected to be a limitation for the new entrants.
Anheuser-Busch InBev SA/NV, Criveller, Vigo Ltd., Della tafola, Vitkit Ltd., Paul muller, GEA Group, Tonsen brewing, and Santa Rosa Stainless Steel are some of the key players proliferating in the market.
Recent Developments
In March 2016, Aston Manor Cider made investments of USD 4 million in its production facilities. The company aims to expand its capacity and capability and improve the loading as well as shipping facilities at its Devon production site.
In 2017, HP Bulmer Limited launched two products of Kier’s Cloudy Apple and Sarah’s Red Apple.
Anheuser-Busch InBev and Molson Coors Brewing Company acquired various craft breweries to expand their market share, thereby maintaining a strong foothold in the global market.
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