The global beer (breweries) market is expected to grow from $214.9 billion in 2019 to $216.5 billion in 2020 at a compound annual growth rate (CAGR) of 0.8%. The low growth is mainly due to economic slowdown across countries owing to the Covid-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $248.8 billion in 2023.
Asia Pacific was the largest region in the global beer (breweries) market, accounting for 39% of the market in 2019. North America was the second largest region accounting for 25% of the global beer (breweries) market. Africa was the smallest region in the global beer (breweries) market.
The introduction of new ingredients and innovative flavours, combining salty, fruity and tart flavours, by craft beers have found increasing appeal among the millennial crowd globally.
Breweries and wineries are using advanced filtration technologies such as lenticular filtration and cross-flow filtration to enhance production efficiency. A lenticular filter has a series of filtration modules with backwashing capabilities. Cross-flow filters make use of hollow fiber membranes in a circulation loop. These new filter systems have a higher microbial safety, produce better quality wine and have lower costs than the traditional kieselguhr filters. For example, large-scale cross-flow filter installations at Carlsberg and Kolner Verbund Breweries have resulted in significant reduction of beer losses as compared to kieselguhr filtration systems.
This story is from the August 2020 edition of Ambrosia.
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This story is from the August 2020 edition of Ambrosia.
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