Summary

The global Brewing Enzymes Market is expected to grow at a significant rate of around 7% during the forecast period. The Brewing Enzymes market is one of the fastest-growing markets. As it plays an important role in the production of beer and wine such as fragmentation, germination, clarification, and mashing. These are important when it comes to flavor, aroma, etc. Moreover, commercial brewing enzymes have created various opportunities in product development and research. In the dynamic market environment where consumer awareness about the fragrance, taste, and manufacturing process is fueling the market expansion in brewing enzymes. In addition, the young population is also a major factor driving the market. For instance, companies like Royal DSM launched Delvo Plant, a range of enzymes that optimize taste, sweetness, and texture. These enzymes have several advantages, including enhancing texture and releasing the natural sweetness of raw materials like rice, soy, and oats. They also increase the solubility of protein and decrease viscosity.

Millercoors LLC, Ab Enzymes Inc, Kerry Inc, Megazyme Inc, DSM Food Specialities B.V, Customized Brewing Solutions, DuPont De Nemours and Co., Soufflet Biotechnologies, Novozymes A/S, and Merck & Co. Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst type, Amylase category to witness higher CAGR during the forecast period, i.e., 2022-2028.”
Based on type, the market is segmented into amylase, beta-glucanase, protease, and xylanase. Out of this, the Amylase category is to witness a higher CAGR during the forecast period owing to the growing penetration of beer consumption globally. It is used in industries because they require less time in processing and less space. It is also a cost-effective method. It is mainly used in Asia Pacific and African regions, due to lower access to malt in these regions which will lead to higher demand for amylase. Additionally, the growing and young population in the Asia Pacific region will create a demand for beer, which will lead to increased production of beer. These factors will drive the market for amylase.

“Amongst sources, the microbial source to hold a significant share in the market in 2021.”
On the basis of source, the market is categorized into microbial and plant. Out of this, the microbial segment is leading the market. Without complex prerequisites, microorganisms generate enormous quantities of enzymes. They can grow with the least amount of nutrients and develop at a faster rate. They are scalable and functional across a broad temperature range. It is conceivable and effective for bacteria to produce enzymes for industrial use. As a result of the microbial source's great advantages over the plant source, enzyme production from this source will increase over the predicted period. Microbial enzymes also provide manufacturers with more control over the flavor, texture, viscosity, thickness, and scent of the beer they want to make.

“Amongst application, the beer to witness higher CAGR during the forecast period, i.e., 2022-2028.”
The beer segment is expected to grow at the fastest CAGR during the forecast period. With the growing population and increasing disposable income, the growing demand for beer will accelerate the expansion of the beer segment in the market for brewing enzymes. In addition, the market's developing range of beer varieties, fragrances, and brands will be favorable for the segment's expansion.

“Asia Pacific to hold a significant share in the market in 2021.”
In 2020, the Asia Pacific region will dominate the global market for brewing enzymes due to a rise in the demand for beer and wine. One of the main causes of the rising demand for beer and wine in the Asia Pacific is the increasing impact of Western culture on the youthful people of the area. Other factors that have a big impact on the rise in demand for beer and wine are fast urbanization, adoption of the Western way of life, hectic work schedules, and rising disposable income. By giving consumers a wide range of alternatives, the growing number of microbreweries that seek to include regional tastes, scents, and ingredients in beers and wines is assisting in the growth of the industry. The market is expanding due to the youthful millennial and Generation Z population in the area. Brewing enzymes are becoming more and more popular as a result of the region's affordable labor, welcoming corporate environment, and sizable consumer market.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global brewing enzymes market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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