Australia Brewing Enzymes Market Insights: Revenue, Key Players, and Forecast 2030
Brewing
Enzymes Market Overview
Brewing Enzymes
Market Size is Projected to Reach USD 451.41 Billion by 2030 with CAGR 6.54% by
2022 – 2030.
Enzymes refer to
the proteins with a special structure capable of boosting the breakdown of
various substrates and are used in the production of beer and wine. The use of
enzymes offers freedom to brewers to use raw materials of their choice. The
global brewing enzymes market has recorded substantial growth in the past few
years. The market's growth is primarily being driven by the growing demand for
beer and alcoholic beverages across the globe. Furthermore, the increasing
urbanization, rise in the overall disposable income, switch in consumer
preferences, and continuous innovation taste are also projected to boost the
growth of the brewing enzymes market over the assessment timeframe. On the
other hand, the lack of technical knowledge and government regulations may
impede the growth of the brewing enzymes market over the forecasted timeframe.
The Australia brewing enzymes market is experiencing robust growth, driven by the increasing demand for high-quality and diverse beer options. The craft beer movement in Australia has gained significant momentum, leading to a surge in the number of microbreweries and craft breweries. These breweries are adopting enzyme technologies to optimize the brewing process, enhance flavor profiles, and improve the clarity and stability of their products. Enzymes such as amylases, proteases, and beta-glucanases are commonly used to accelerate fermentation and improve overall production efficiency. The Australian beer market is also witnessing a growing preference for low-alcohol and gluten-free beers, further driving the demand for brewing enzymes. Regulatory support for innovation in the brewing industry and the increasing consumer preference for premium and craft beers are key factors propelling market growth. Overall, the Australia brewing enzymes market is set to expand, driven by technological advancements and evolving consumer preferences towards diverse and high-quality brews.
Competitive Analysis
The global
brewing enzymes market has an intensely competitive landscape. The players
across the global market are implementing various growth strategies to
strengthen their global market presence. With the rapid growth in demand across
the globe, the market has witnessed numerous product launches, joint ventures,
collaborations, etc. the global brewing enzymes market has prominent leaders
such as DSM Food Specialties B.V. (Netherlands), Novozymes A/S (Denmark),
Soufflet Biotechnologies (France), E. I. Du Pont De Nemours and Co. (U.S.),
Customized Brewing Solutions (CBS) (Belgium), MillerCoors LLC. (U.S.), Megazyme
Inc. (U.S.), Kerry Inc. (U.S.), Merck & Co., Inc. (U.S.), Ab Enzymes Inc.
(Germany), and several others.
Segment
Analysis
The global brewing
enzymes market has been divided into numerous segments based on
application, form, source, and type.
Based on type,
the global market for brewing enzymes is divided into xylanase, protease,
beta-glucanase, amylase, and others.
The brewing
enzymes market is split into plant and microbial-based on the source.
The global
market for brewing enzymes is divided into powder and liquid-based forms.
The global
market for brewing enzymes is divided into wine and beer based on application.
Recent
Developments
·
February 2022 – Kerry, a global taste and
nutrition specialist, has announced two biotechnology acquisitions, Enmex
and C-LEcta, to expand its expertise, technology, and manufacturing
capabilities. Kerry's chief science and technology officer, Dr. Albert McQuaid,
said that precision fermentation, synthetic biology, and biotechnology are
drastically transforming food and pharmaceutical industries worldwide. The
company is on the verge of a new wave of innovation. He further added that substantial
developments are happening in this area, where computer science and engineering
principles are being used to deal with biological challenges and new healthier,
more sustainable foods and medicines are being produced.
·
December 2021- Chinova Bioworks, a food tech
company, has announced the launch of the initiative with the Canadian college
to develop a new processing aid for vegan-friendly beer.
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