North America brewing enzymes market is projected to grow at a CAGR of 5.51% during the forecast period, 2020 - 2025.
- The consumers in North America consume large quantities of beer and thus the demand for constant innovations to improve the quality and simplify the production process has resulted in investments in R&D by the major market players in the region.
- The developed economic conditions in the region make these products affordable and thus this ever-increasing demand for a variety of beers that offer premium quality is expected to drive the market for brewing enzymes in the forecast period. The market faces few restraints as the enzymes operate only under the desired set of temperature and pH conditions that differ for various enzymes, thus making it difficult for the production in the region.
Key Market Trends
High Consumption of Beer in the Region
North America owing to heavy consumption of beer in countries like the United States and Canada, records high consumption of beer across the globe. The trend suggests significant usage of brewing enzymes in the region. Moreover, with ongoing development and innovations in the industry, there is increasing popularity towards low-alcohol beers and ciders, which is attributed to a growing awareness of alcohol unit consumption and the customers' willingness to try new beverages. This shift is witnessed in the demand for low-alcohol drinks by volume at the country, still benefitting the market studied.
The United States Drives the Regional Market
The brewing enzyme market in the country is heavily driven by the vast consumption of alcoholic beverages in the country. Moreover, the country’s agricultural producers and the government of United States have been taking initiatives to rapidly increase the amount of farmed malting barley and hop acres and the quality of barley to boost the production of malted drinks in the country further portraying a promising future of brewing enzymes in the country. For instance, the government imposed few standards for the production of malting barley such as removing Six-rowed Blue Malting barley to reduce the factors like mold that damage the kernels under the United States Grain Standards Act (USGSA) in 2017.
North America brewing enzymes market is fragmented with a large number of regional small-medium scale players and key global players. In addition, the leading companies, such as Koninklijke DSM N.V. and the Soufflet Group are heavily investing in the development of new products and are collaborating and acquiring other companies. This is expected to increase its market shares while strengthening R&D activities.
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