Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 240 million | USD 756 million | 7% | 2021 |
FrequentlyAsked Questions
The rising demand for alcohol and its leverage in bars and pubs accelerates the market growth. The growing urbanization also positively influences the brewing enzymes market rapidly. The beer demand and its leverage across the world have spiked up along with awareness of health consciousness is also boosting market growth promptly.
According to the report by Zion Market Research, the global brewing enzymes market was worth around $240 million in 2021 and is predicted to grow to around $756 million by 2028 at a CAGR rate of 7% over the forecast period.
Asia Pacific region is expected to dominate the brewing enzymes market due to the sudden prominence of beer manufacturing companies with healthy socioeconomic conditions. Rapid improvement in urbanization along with growing disposable incomes also tends to boost the market rate here.
The key players in the brewing enzymes market are Advanced Enzymes Tech, Koninklijke DSM N.V., ABF Ingredients, Amano Enzyme, Chr Hansen, Wittington Investments, Kerry Group, DuPont, Novozymes, Megazyme, Enzyme Development Corporation, Customized Brewing Solutions, and Group Soufflet
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