According to the report published by Allied Market Research, the global home beer brewing machine market generated $19.1 million in 2020, and is estimated to reach $25.4 million by 2030, witnessing a CAGR of 3.0% from 2021 to 2030. The report offers a detailed analysis of changing market dynamics, key investment pockets, top segments, value chain, regional scenario, and competitive landscape.
Increase in the youth population and average number of drinkers and change in consumer preferences drive the growth of the global home beer brewing machine market. However, presence of counterfeit products hinders the market growth. On the other hand, product innovations and rapid rise of online retail platforms present new opportunities in the coming years.
The report offers detailed segmentation of the global home beer brewing machine market based on product type, mechanism, distribution channel, and region.
Based on product type, the mini brewer segment accounted for the largest share in 2020, holding more than three-fifths of the total share, and is expected to continue its lead position throughout the forecast period. However, the full-size brewer segment is estimated to register the largest CAGR of 3.4% from 2021 to 2030.
Based on distribution channel, the offline channel segment held the highest share in 2020, contributing to more than four-fifths of the global home beer brewing machine market, and is estimated to maintain its leadership status during the forecast period. However, the online channel segment is expected to manifest the highest CAGR of 4.2% from 2021 to 2030.
Based on region, North America contributed to the highest share in 2020, accounting for more than two-thirds of the total share, and is estimated to continue its lead in terms of revenue by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 6.5% during the forecast period.
𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲:
- By product type, the mini brewer segment accounted for the highest home beer brewing machine market share in 2020, growing at a CAGR of 2.7% from 2021 to 2030.
- By mechanism, the automatic segment accounted for the highest home beer brewing machine share in 2020, growing at a CAGR of 3.5% from 2021 to 2030.
- By distribution channel, the offline channel segment accounted for the highest market share in 2020, growing at a CAGR of 2.7% from 2021 to 2030.
- By region, North America occupied the maximum share in the market in 2020 and is expected to be the dominating segment during the home beer brewing machine market forecast period.
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SOURCE: OpenPR / Allied Market Research (Press Release)
PHOTO CREDIT: Allied Market Research