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Brewing Enzymes Market Rising demand for craft beers around the world are key Driving Factor of Market Growth During Forecast period
NEW YORK CITY, NEW YORK, UNITED STATES, May 24, 2023 /EINPresswire.com/ — The global brewing enzymes market size was USD 407.9 Million in 2022 and is expected to register a revenue CAGR of 6.7% during the forecast period. Rising demand for craft beers around the world, increasing number of breweries in developed and many developing countries, and relaxed government regulations in many countries are some of the key factors driving market revenue growth.
Enzymes are complex organic components that act as catalysts and result in accelerating the velocity of a reaction while remaining essentially unchanged in the entire process. They encourage the hydrolysis of proteins and polysaccharides into simpler substances. Such technological innovation, rising consumer base, and introduction of new products in the market on a regular basis are factors driving revenue growth of the brewing enzyme market. Increasing number of small and micro-breweries across the globe is also expected to drive revenue growth of the market. For instance, The Brewers Association, which is a not-for-profit trade association, consisting of small and independent brewers present in America, published a mid-year survey report in 2020, a 4% production growth witnessed year over year for small and independent U.S. breweries.
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Top Companies: Novozymes, Heineken, Royal DSM N.V., DuPont, Amano Enzyme Inc., Chr. Hansen Holding A/S, Advanced Enzyme Technologies, Associated British Foods plc, Kerry Group plc, Brenntag SE, Aumgene Biosciences., Biocatalysts, and Anheuser-Busch InBev.
The report published on global Brewing Enzymes Market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Brewing Enzymes Market offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Brewing Enzymes Market is expected to rise in the coming years.
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For comprehensive understanding of market dynamics, the global Brewing Enzymes Market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Brewing Enzymes Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Brewing Enzymes Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Brewing Enzymes Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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