Market Size of African Brewing Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
African Brewing Enzymes Market Analysis
The African brewing enzymes market is expected to record a CAGR of 4.5% during the forecast period (2022-2027).
The COVID19 pandemic led to tremendous losses across the world. Various sectors and businesses were affected due to the strict stay-at-home orders imposed by numerous countries. The brewing enzymes market is no exception to this loss. Production facilities and manufacturing units were shut, which led to growth disruptions.
The market is mainly driven by the increase in demand for domestic consumption of premium products of beer and alcoholic beverages with better taste and quality. Growth in the craft beer market acts as a major driver of the growth in this market. This results in an increased number of independent breweries, microbreweries, and brewpubs on the regional level. In addition, the rise in technological innovations has further boosted the market's growth.
However, easing the lockdown restrictions is helping the wine enzymes market regain lost growth.
