Brewery Inventory Software Market Overview
As per MRFR analysis, the Brewery Inventory Software Market Size was estimated at 5.51 (USD Billion) in 2022. The Brewery Inventory Software Market is expected to grow from 6.03 (USD Billion) in 2023 to 13.6 (USD Billion) by 2032. The Brewery Inventory Software Market CAGR (growth rate) is expected to be around 9.46% during the forecast period (2024 - 2032).
Key Brewery Inventory Software Market Trends Highlighted
Brewery inventory software plays a crucial role in managing and optimizing operations for breweries, streamlining processes and reducing costs.
The Brewery Inventory Software Market is witnessing significant growth driven by the adoption of automation and digital transformation in the industry.
Key market drivers include the increasing demand for craft beer and specialty brews, which require efficient inventory management to meet diverse customer preferences.
Moreover, the implementation of advanced technologies, such as RFID and IoT devices, enables real-time tracking and inventory optimization.
Opportunities for growth lie in the integration of brewery inventory software with e-commerce platforms and distributors, allowing breweries to expand their reach and improve customer service.
Additionally, the growing emphasis on sustainability is driving the adoption of software solutions that minimize waste and optimize resource utilization.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Brewery Inventory Software Market Drivers
Increasing Demand for Real-Time Inventory Tracking
Brewery Inventory Software Market Segment Will Grow Rapidly Owing to Increasing Demand for Real-Time Inventory. The Brewery Inventory Software Market is mainly driven by rising demand for real-time inventory tracking solutions among breweries.
Efficient inventory tracking holds prime importance for breweries to improve their production process, reduce wastage, and increase the overall operational efficiency.
Brewery inventory software helps them to track the inventory level in real-time and make real-time decisions related to production planning, raw material procurement, finished goods distribution and others on the basis of accurate information.
Furthermore, real-time access to inventory helps avoid the risk of stockouts and eliminates the possibility of overstocking.
The market is registering rapid growth due to growing adoption of cloud-based inventory management systems, as cloud-based solutions offer enhanced flexibility, scalability, and cost-effectiveness compared to the traditional on-premises system.
Growing Need for Compliance with Regulatory Requirements
The first point to be made here is that the brewery industry is regulated by a number of laws and regulations, which are concentrated on product safety, control of the quality of production, environmental requirements, etc.
Inventory software can assist in the process of regulating since “the required record keeping, proper reporting, and administrative requirements” can be easily followed and completed by the owner of the software.
The reports can be received and provided to the regulation body in order to demonstrate and prove the compliance with the standards stated by the regulations.
At the same time, the program can be successfully used for the sake of the data provision because “the production and movement of inventory can be tracked for compliance with storage, safety and other guidelines”.
Rising Adoption of Automation and Integration
The Brewery Inventory Software Market is witnessing a significant increase in the adoption of automation and integration technologies.
Breweries are increasingly investing in automated inventory management systems that leverage technologies such as RFID, barcoding, and IoT sensors.
These systems automate inventory tracking processes, reducing the need for manual data entry and minimizing the risk of errors.
Additionally, brewery inventory software is being integrated with other enterprise systems, such as ERP and CRM systems, to provide a comprehensive view of inventory data across the organization.
This integration enables breweries to streamline their business processes, improve collaboration between departments, and gain a deeper understanding of their inventory performance.
Brewery Inventory Software Market Segment Insights
Brewery Inventory Software Market Deployment Insights
The Brewery Inventory Software Market segmentation by Deployment type comprises Cloud and On-Premises. The Cloud segment is expected to dominate the market with a revenue share of around 60.5% in 2023.
The growth of this segment can be attributed to the increasing adoption of cloud-based solutions by breweries due to their benefits, such as scalability, cost-effectiveness, and ease of deployment.
The increasing demand for efficient inventory management solutions, the need for real-time inventory visibility, and the growing adoption of automation in breweries are some of the key factors driving the growth of the market.
Key market players in the Brewery Inventory Software Market include Infor, SAP, Oracle, Microsoft, and Epicor. These players offer a wide range of solutions to meet the needs of breweries of all sizes.
The market is also characterized by the presence of several startups and niche players that are offering innovative solutions. The Asia Pacific region is expected to be the fastest-growing region in the Brewery Inventory Software Market during the forecast period.
The growth in this region can be attributed to the increasing number of breweries and the growing adoption of advanced inventory management solutions.
North America and Europe are also expected to witness significant growth during the forecast period. Overall, the Brewery Inventory Software Market is expected to witness steady growth during the forecast period.
The increasing adoption of cloud-based solutions, the need for real-time inventory visibility, and the growing automation in breweries are some of the key factors driving the growth of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Brewery Inventory Software Market Size of Enterprise Insights
The Brewery Inventory Software Market has been segmented on the basis of Size of Enterprise into Small and Medium-Sized Enterprises and Large Enterprises.
Small and Medium-Sized Enterprises continue to dominate the market, with revenues from this segment accounting for a major share of the Global Brewery Inventory Software’s revenue in 2023. The growing demand for inventory management solutions contributes to SMEs’ dominance over other segments.
The increasing popularity of inventory management solutions among SMEs is attributed to the need to simplify operations and become more efficient.
At the same time, the demand and hence the growth rate will be higher for Large Enterprises over the forecast period.
Large companies rely on sophisticated inventory management solutions to manage their diversified supply chains and optimize inventory on a higher level and, as the Brewery Inventory Software Market data suggests, the market for Large Enterprises will increase at a higher CAGR than that for SMEs.
The data suggest that the adoption rate of sophisticated solutions enabling overall operational advantages and cost savings among large companies will increase.
Brewery Inventory Software Market Insights
The Brewery Inventory Software Market segmentation by Industry includes Craft Breweries, Macro Breweries, and Specialty Breweries. Craft Breweries held the largest market share in 2023 due to the increasing number of craft breweries and the growing demand for craft beer.
Macro Breweries are expected to witness a significant growth rate during the forecast period, owing to the increasing production and consumption of beer by large breweries.
Specialty Breweries are expected to grow at a steady pace as they cater to a niche market of consumers looking for unique and flavorful beers.
Brewery Inventory Software Market Functionality Insights
The Functionality segment of the Brewery Inventory Software Market is categorized into Inventory Management, Warehouse Management, Production Scheduling, Sales Forecasting, and Analytics and Reporting.
Inventory Management held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period.
The growing need for efficient inventory tracking and management to minimize wastage and optimize production processes drives the growth of this segment. Warehouse Management is another crucial segment, enabling breweries to optimize warehouse operations, including inventory storage, tracking, and distribution.
It helps improve space utilization, reduce handling costs, and enhance overall warehouse efficiency. Production Scheduling plays a vital role in coordinating brewing operations, ensuring timely production and delivery of products.
This segment is expected to witness significant growth due to the increasing demand for production optimization and planning solutions. Sales Forecasting helps breweries anticipate future demand and plan their production accordingly.
It involves analyzing historical data, market trends, and customer behavior to make informed sales projections.
Analytics and Reporting provide valuable insights into inventory performance, warehouse operations, production efficiency, and sales trends. This segment is gaining traction as breweries seek data-driven decision-making to improve their overall performance.
Brewery Inventory Software Market Regional Insights
The Brewery Inventory Software Market is expected to reach a value of USD 13.6 billion by 2032, expanding at a CAGR of 9.46% from 2024 to 2032. Regionally, North America held the largest market share in 2023, accounting for approximately 39.1% of the global revenue.
The regional market is driven by the presence of a large number of breweries and the increasing adoption of inventory management software to improve efficiency and reduce costs. Europe is the second largest regional market, followed by APAC, South America, and MEA.
The APAC region is expected to witness the highest growth rate during the forecast period due to the growing number of breweries and the increasing demand for inventory management software in emerging economies such as China and India.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Brewery Inventory Software Market Key Players and Competitive Insights
Major players in the Brewery Inventory Software Market are constantly striving to stay ahead of the competition by investing in research and development. Leading Brewery Inventory Software Market players are focusing on developing innovative solutions that can help breweries improve their efficiency and productivity.
The Brewery Inventory Software Market is expected to witness significant development in the coming years, as more breweries adopt these solutions. The competitive landscape of the Brewery Inventory Software Market is characterized by the presence of both established players and new entrants.
A leading company in the Brewery Inventory Software Market is SAP, which offers a comprehensive suite of inventory management solutions for breweries. SAP's solutions are designed to help breweries optimize their inventory levels, reduce waste, and improve their overall efficiency.
SAP's solutions are used by some of the world's largest breweries, including Anheuser-Busch InBev and Heineken. Another leading company in the Brewery Inventory Software Market is Oracle, which offers a range of inventory management solutions for breweries.
Oracle's solutions are designed to help breweries track their inventory in real-time, manage their supply chain, and improve their customer service. Oracle's solutions are used by some of the world's largest breweries, including Carlsberg and Molson Coors.
A competitor company in the Brewery Inventory Software Market is Ekos, which offers a cloud-based inventory management solution for breweries. Ekos's solution is designed to help breweries manage their inventory in real-time, track their production, and improve their overall efficiency.
Ekos's solution is used by some of the world's largest breweries, including Diageo and Boston Beer Company. Another competitor company in the Brewery Inventory Software Market is FoodlogiQ, which offers a range of inventory management solutions for breweries.
FoodlogiQ's solutions are designed to help breweries track their inventory, manage their supply chain, and improve their overall efficiency. FoodlogiQ's solutions are used by some of the world's largest breweries, including SABMiller and Asahi Group Holdings.
Key Companies in the Brewery Inventory Software Market Include
- Beverage Control Systems
- SAP
- Oracle
- Unleashed Software
- Sage
- Katana
- NetSuite
- TradeGecko
- HighRadius
- EO2
- DEAR Systems
- Acumatica
- IQMS
- COABE
Brewery Inventory Software Market Developments
The market is witnessing significant growth due to the increasing adoption of digital technologies in the brewing industry and the need for efficient inventory management solutions.
Key trends include the integration of Internet of Things (IoT) devices for real-time inventory tracking, the adoption of cloud-based software for remote access and scalability, and the growing emphasis on data analytics to optimize inventory levels and reduce waste.
Recent news developments include the acquisition of BevSpot by Anheuser-Busch InBev in 2023 and the launch of a new inventory management solution by SAP specifically designed for the brewing industry.
Brewery Inventory Software Market Segmentation Insights
- Brewery Inventory Software Market Deployment Outlook
- Brewery Inventory Software Market Size of Enterprise Outlook
- Small and Medium-Sized Enterprises
- Large Enterprises
- Brewery Inventory Software Market Outlook
- Craft Breweries
- Macro Breweries
- Specialty Breweries
- Brewery Inventory Software Market Functionality Outlook
- Inventory Management
- Warehouse Management
- Production Scheduling
- Sales Forecasting
- Analytics and Reporting
- Brewery Inventory Software Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
5.51(USD Billion) |
| Market Size 2023 |
6.03(USD Billion) |
| Market Size 2032 |
13.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
9.46% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Beverage Control Systems, SAP, Oracle, Unleashed Software, Sage, Katana, NetSuite, TradeGecko, HighRadius, EO2, DEAR Systems, Acumatica, IQMS, COABE |
| Segments Covered |
Deployment, Size of Enterprise, Industry, Functionality, Regional |
| Key Market Opportunities |
Digitalization Automation Cloud Computing Predictive Analytics E-commerce Integration |
| Key Market Dynamics |
Increased craft beer production Technological advancements Growing demand for real-time inventory tracking Advancements in IoT and Big Data Focus on sustainability |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Brewery Inventory Software Market size is expected to reach USD 13.6 billion by 2032, exhibiting a CAGR of 9.46% during the forecast period. The growing need for efficient inventory management and optimization in breweries is driving the market growth.
North America is expected to hold the largest market share in the Brewery Inventory Software Market due to the presence of a large number of breweries and the early adoption of advanced technologies in the region.
Key applications of brewery inventory software include inventory tracking, stock management, order management, production planning, and quality control. These software solutions help breweries optimize their inventory levels, reduce waste, and improve efficiency.
Key competitors in the Brewery Inventory Software Market include SAP SE, Oracle Corporation, Infor, Rockwell Automation, and Emerson Electric Co. These companies offer a range of software solutions tailored to the specific needs of breweries.
Factors driving the growth of the Brewery Inventory Software Market include the increasing demand for craft beer, the need for improved efficiency in breweries, and the growing adoption of digital technologies in the industry.
Challenges faced by the Brewery Inventory Software Market include the high cost of implementation, the need for skilled personnel to operate the software, and the integration challenges with existing systems.
Key trends in the Brewery Inventory Software Market include the adoption of cloud-based solutions, the use of artificial intelligence (AI) and machine learning (ML) for inventory optimization, and the integration of brewery inventory software with other enterprise resource planning (ERP) systems.
The Brewery Inventory Software Market is expected to grow at a CAGR of 9.46% during the forecast period from 2024 to 2032.
Major factors influencing the growth of the Brewery Inventory Software Market include the increasing demand for craft beer, the need for improved efficiency in breweries, the growing adoption of digital technologies in the industry, and government regulations related to inventory management.
Key opportunities for growth in the Brewery Inventory Software Market include the expansion of the craft beer industry, the increasing demand for inventory optimization solutions, and the development of new technologies such as AI and ML.
