Global Home Beer Brewing Machine Market 2019-2023| Multi-Featured Product Offerings to Boost Growth| Technavio
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The global home beer brewing machine market is expected to post a CAGR
close to 13% during the period 2019-2023, according to the latest market
research report by Technavio.
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Technavio has published a new market research report on the global home beer brewing machine market from 2019-2023. (Graphic: Business Wire)
Many consumers prefer bulk purchase of ingredients to brew large batches
of beer at home instead of buying cans and bottles from outside due to
their interest in self-brewed beer. Manufacturers of beer brewing
machines have used this momentum to offer residential beer brewing
machines. Moreover, these machines are available in different sizes and
can be installed easily. These factors are expected to drive the growth
of the global home beer brewing machine market during the forecast
period.
As per Technavio, the multi-featured product offerings will have a
positive impact on the market and contribute to its growth significantly
over the forecast period. This global
home beer brewing machine market 2019-2023 research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.
Global home beer brewing machine market:
Multi-featured product offerings
Most of the home beer brewing machines offered in the market have
multiple features such as mashing, boiling, fermenting, conditioning,
filtering, and packaging. These machines are also equipped with display
controls and Wi-Fi connectivity with cell phones, tablets, and personal
computers of users. They give users greater reach and offer recipes that
they can share with other budding home brewers. Smart connectivity
enables real-time tracking of the brewing process and helps consumers to
keep track of their beer. Manufacturers are providing applications with
their home beer brewing machines, which contain built-in recipes and
give them an option to make new recipes. Also, vendors are continuously
innovating products and introducing home beer brewing machines with
various functions and technological advances such as multiple-tap
system, digital thermostat, and frost-free operation. Therefore, such
innovative features are expected to boost market growth largely during
the forecast period.
“Apart from the multi-featured product offerings, the innovation and
category expansion leading to product premiumization, the rising
urbanization and changing consumer lifestyle, and the rising focus on
manufacturing energy-efficient equipment are some other major aspects
that are expected to boost the growth of the global market,” says an
analyst at Technavio.
Global home beer brewing machine market:
Segmentation analysis
This market research report segments the global home beer brewing
machine market by product size (mini brewer and full-size brewer) and
geographical regions (North America, EMEA, APAC, and South America).
The North American region led the market in 2018, followed by EMEA,
APAC, and South America respectively. During the forecast period, the
North American region is expected to continue dominating as well as
register the highest incremental growth due to the increase in a number
of innovations by home brewing machine manufacturers in the region.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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