The global Brewing Enzymes industry is estimated to be worth USD 463.4 million by 2024. It is projected to reach USD 878.0 million by 2034, reflecting a CAGR of 6.6% over the assessment period 2024 to 2034.
View Full Report: https://www.futuremarketinsights.com/reports/brewing-enzymes-marketThe growth of the brewing enzymes market is attributed to the rise in consumer demand for beer and alcoholic drinks, which has led to increasing in the number of independent breweries, brewpubs and microbreweries around the world, fuelling the expansion of the brewing enzymes market.
Geographically, the market is dominated by Europe and North America, owing to large-scale beer production and new advancements in the beer sector, which are driving the market. However, limitations imposed on the brewing sector by regulatory agencies such as the USDA, FDA and EU are a major stumbling block to market expansion.
The brewing enzymes market is distinguished by ongoing innovation in enzyme engineering and formulation, with manufacturers investing heavily in R&D to produce more efficient and specialized enzyme products.
All these are especially relevant because breweries have been under pressure to reduce their costs of production but still maintain their quality products and conform to the changing tastes of consumers regarding the various beer varieties-most of which are now categorized as low alcohol and gluten-free options.
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