Product ID: SQMIG30F2040
Global Home Beer Brewing Machine Market Size, Share, Growth Analysis, By Product(Mini Brewer, Full-size Brewer), By Mechanism(Automatic, Manual) - Industry Forecast 2024-2031
Report ID:
SQMIG30F2040 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
61 |
Figures:
65
Global Home Beer Brewing Machine Market Insights
Global Home Beer Brewing Machine Market size was valued at USD 20.60 million in 2022 and is poised to grow from USD 21.22 million in 2023 to USD 26.88 million by 2031, growing at a CAGR of 3% in the forecast period (2024-2031).
The American Homebrewers Association highlights a growing trend, revealing that approximately 1.2 million individuals in the U.S. now opt to craft their own beer at home. This surge is a driving force propelling the expansion of the home beer brewing machine industry. An industry-wide focus on integrating advanced technology has led to the development of IoT-enabled (Internet of Things) home beer brewing machines. Manufacturers are keenly introducing innovative, automated brewing devices, enriched with novel features, to maintain a competitive edge. These factors collectively contribute to the dynamic growth of the home beer brewing machine market, both in terms of sales value and market reach.
Diverse in size and capacity, these brewing machines are characterized by their user-friendly installation, a factor significantly contributing to their surging popularity. The trend toward multifunctional machines is gaining momentum, consequently boosting demand. In response, manufacturers are intensifying Research and Development (R&D) efforts to unveil technologically advanced offerings.
A noteworthy instance is the foray of electronics giant LG into the beer market, marking a milestone with the introduction of the world's inaugural capsule beer brewing apparatus for home use. These machines exemplify intelligence, efficiency, and durability, allowing users to control various processes—ranging from mashing and boiling to fermenting, conditioning, filtering, and packaging—via mobile applications. The inclusion of features like Wi-Fi connectivity, intuitive touchscreen displays, multi-tap systems, and digital thermostats enhances the appeal of these devices.
US Home Beer Brewing Machine Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Home Beer Brewing Machine Market Report Snapshots
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