LONDON--(BUSINESS WIRE)--The global home beer brewing machine market is expected to post a CAGR of almost 13% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Residential consumers especially in North America are setting up small-scale breweries and are selling home-brewed beer to local manufacturers. The preference for self-brewed beer is also increasing among consumers who consume beer regularly or host frequent house parties. Such factors have fueled the demand for home beer brewing machines which can efficiently handle high demand during large parties and minimize expenses. Moreover, home beer brewing machines are available in different sizes, can be easily installed, and help in small scale mobile beer brewing and storage. This growing demand for home craft or draught beer will drive home beer brewing machine market growth.
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As per Technavio, the multi-featured product offerings, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Home Beer Brewing Machine Market: Multi-Featured Product Offerings
There is a growing demand for multi-featured home beer brewing machines among consumers. To cater to this growing demand, manufacturers are offering innovative and technologically advanced products. In addition to mashing, boiling, fermenting conditioning, filtering, and packaging, these home beer brewing machines are energy efficient and durable. The introduction of products with several features will boost the popularity of home beer brewing machines among consumers, driving market growth.
“Apart from the multi-featured product offerings, the ease of use and the rising urbanization and changing consumer lifestyle are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Home Beer Brewing Machine Market: Segmentation Analysis
This market research report segments the global home beer brewing machine market by product (mini brewer and full-size brewer) and geographical regions (North America, APAC, South America, and EMEA).
The North American region led the market in 2018, followed by EMEA, APAC, and South America respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market and register the highest incremental growth. This is due to the product innovations in terms of design and features, rising preference for beer among consumers, and the increasing number of home breweries and small-scale breweries in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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