FELTON, California, May 20, 2020
FELTON, California, May 20, 2020 /PRNewswire/ -- The global home beer brewing machine market size is expected to register revenue of USD 29.8 Million from 2019 to 2025, according to a new report by Million Insights. It is expected to grow with 13.9% CAGR in the upcoming years. This growth can be attributed to increasing demand for a homemade beer coupled with rising trend for sale of beer on the premise.
Moreover, these machines are being offered with different capacities and sizes which facilitates their installation at home. These machines are durable, efficient and smart and have touch screen display, digital thermostats and Wi-Fi connectivity. Thus, the market for such machines is expected to boost in upcoming years.
The mini brewer segment held the largest market share with 67.1% across the global market in 2018 owing to shifting trend for home brewing coupled with increasing demand across developed countries like the U.S. and Canada. The full-size brewer product segment is expected to register the highest CAGR from 2019 to 2025 due to rising number of breweries across many countries.
The automated mechanism segment held the largest share of around 87.1% across the global market during 2018 owing to increasing influence of automated software coupled with improvement in the aesthetics of such machines. These machines are well equipped with features like boiling, mashing, conditioning, packaging and fermenting. The beer brewing machines with manual mechanism are still popular across small scale breweries.
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Americas led the global market for home beer brewing machine with a share of around 55% owing to rising consumption of homemade beer amongst working population and millennial. Moreover, rising preference of localized and crafted beer which is being manufactured by micro-breweries is also expected to have a positive impact on the market growth.
The market is competitive with the presence of key players like BREWART, Brewie, PicoBrew, Kickstarter, and LG Electronics. These players are constantly focusing on expansions, acquisitions and mergers to boost the sale of their products. Moreover, rising influence of crafted beer amongst consumers can be considered as the driving factor for the market growth of beer brewing machine.
Further key findings from the report suggest:
Browse 80 page research report with TOC on "Global Home Beer Brewing Machine Market" at: https://www.millioninsights.com/industry-reports/global-home-beer-brewing-machine-market
Million Insights has segmented the global home beer brewing machine market on the basis of product, mechanism and region:
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