Craft Spirits to Enhance Unique Taste and Flavor

Craft sprits are extensively produced by licensed and independent distilleries that produces liquor of volume less than 750,000 gallons. Depending on production capacity, these distilleries are categorized into small size, medium size and large size.

Innovative Products with Special Ingredients

Crafted sprits are broadly segmented based on products such as whiskey, gin, vodka, rum, brandy, and liqueur, others. In 2016, whiskey accounted for the largest market share of 42.5% of overall industry. It is also expected to increase its demand in the coming years. Increasing consumer demand for flavored whiskey blended using special ingredients is likely to boost segment over the forecast period (2014 to 2025). The ingredient may include regional botanicals, spices, herbs, and others. For instance, Whyte & Mackay, manufacturer of Scotch whisky recently developed a scotch whisky called Shackleton, which is available in the U.S. It is formed using blended malt. The malts are placed for extended period in an amalgamation of Spanish Sherry butts and ex-bourbon American white oak barrels to match flavors. The whiskey is available in many flavors such as vanilla, ginger, honey, and liquorice.

Gin segment is expected to show rapid growth during the forecast period due to increasing consumer demand. Rising use of the product in cocktails can drive the segment. Distilleries are using strategic approaches to use unconventional ingredients to improve taste and flavor of the product. They are making use of ingredients like orange peels, lemon, almond, saffron, grape, coriander, anise, cinnamon, and different spices.

Market Overview

According to a report by Grand View Research, Inc., the worldwide craft spirits market is likely to reach USD 80.43 billion by 2025. Increasing consumer demand for authentic and quality drinks with special tastes and essence can drive the market. Younger people just completed the legal drinking age (LDA) and consumers with high procuring power will boost the product demand.

In 2016, North America acquired the largest market share around 53% of total revenue due to favorable government policies and existence of several regional manufacturers. 

Key players operating in the market include Anchor Brewers & Distillers, William Grant & Sons, Pernod Ricard, Rogue Ales, and Diageo plc.

In-Depth Research Report On Craft Spirits Market:

https://www.grandviewresearch.com/industry-analysis/craft-spirits-market

Milk Products Rendered Safe Due to Dairy Processing Equipment

The demand for dairy products such as cheese, milk, and yogurt is expected to rise due to changing customer preferences and increasing expendable incomes of consumers. The abolishment of milk quotas on farmers in the European Union (EU) are expected to result in an influx of milk.

The emphasis on safety practices on dairy products due to environmental concerns is expected to result in innovations in dairy processing equipment. For instance, the 3-A Sanitary Standards, Inc. (SSI) certificate on dairy processing equipment in the U.S. ensures the equipment is designed for easy cleaning and maintenance.

Emphasis on Hygiene to Influence Purchase of Pasteurizers

Dairy processing equipment segment comprises pasteurizers, homogenizers, separators, evaporators and dryer, mixing and blending, and membrane filtration equipment. They are used in the elimination of harmful bacteria that can adversely affect consumer health. Pasteurizers emerged as the largest equipment segment in 2016 due to its ability to extend the shelf life of milk and to ensure the safety of milk products. Key companies are introducing advanced products to offer healthy milk products for the consumers. For instance, TetraPak, one of the largest food packaging companies, utilizes four different types of pasteurization equipment to ensure the safety of various dairy products.

In addition, improved methods such as continuous flow high-temperature, short time (HTST) and batch pasteurization for salvaging raw waste milk can be advantageous to food processing companies. It can be used to feed calves after weaning. It also plays an important role in eliminating any harmful pathogens present in the milk. Such developments will make it easier for food processing companies to adhere to latest food safety regulations.

Market Outlook

The global dairy processing equipment market is expected to exhibit a 6% CAGR over the forecast period (from 2017 to 2025), finds Grand View Research, Inc. Automation of production processes and increasing consumption of dairy products are expected to provide an impetus to market. Demand for machinery that can extend the shelf life of dairy products is anticipated to gain prominence over the forecast period. The implementation of safety policies is also expected to positively impact the market in near future. Major market players include Heuvel Dairy & Food Equipment B.V., Alfa Laval Corporate AB, Sealtech Engineers, and Inoxpa SA. Most of these players are investing in innovative technologies to enhance the production process.

In-Depth Research Report On Dairy Processing Equipment Market:

https://www.grandviewresearch.com/industry-analysis/dairy-processing-equipment-market