-Projected Revenue for Europe for 2024-2025 is $30M-
GRASS VALLEY, CA, Aug. 30, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Today BrewBilt Manufacturing Inc. (the "Company") (OTCPINK: BBRW) announces that the company is now delivering its first brewhouse to Mad Fin Brewing Co. in Finland (www.madfinn.fi). The craft beer market in Europe is expected to observe an incremental growth of 666.34 million liters between 2020 and 2025. The market witnessed a YOY (Year Over Year) growth of 6.20% in 2021 and the growth momentum is expected to accelerate at a CAGR (Compound Annual Growth Rate) of 6% during the forecast period. Europe Craft Beer Market is projected to register a CAGR of 8.62% during the forecast period, 2022-2027.
BrewBilt Manufacturing is an icon in the craft brewing equipment industry. The company has been a pioneer of the craft beer movement in the USA for almost 10 years, and this industry has recorded exponential growth over the past couple of decades. Craft breweries have been opening at a rapid rate, and consumers have shown a strong interest in trying new and unique beer styles. The rise of craft breweries has influenced the traditional beer market both in the USA and Europe, prompting larger beer companies to adapt by introducing craft-style beers or acquiring successful craft breweries.
Jef Lewis, Chairman & CEO, stated, “American craft beer has gained popularity and recognition in Europe over the past couple of decades. The movement has been driven by a combination of factors, including the quality and diversity of American craft beer offerings, increased globalization of the beer industry, and changing consumer preferences. BrewBilt will now be a part of the European consumer’s choice of equipment and craft beer. Over the medium term, Manufacturers' efforts in establishing new breweries, expenditures in creating new products, a rise in disposable income across Europe, and other factors will drive the market substantially in the projected period.”
Mr. Lewis further stated, “In addition to our world-class brewhouse, we have designed new proprietary equipment, inclusive of a ‘smart flowmeter’ that increases the efficiency and time in transferring fluid from one tank to another. This product is gaining traction in the industry and has been sold to large and small breweries such as Sierra Nevada Brewing Company. Our focus in 2024 will be to develop the integration of smart sensors, devices, and data analytics into brewing equipment and processes. This technology allows for real-time monitoring, control, and optimization of various aspects of the brewing process. Our new technologies will adapt to existing brewery equipment and open a $200M market potential in revenue for the company.”
ABOUT BREWBILT MANUFACTURING INC.:
BrewBilt Manufacturing designs and manufactures custom brewing and fermentation equipment for craft brewers and microbreweries.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. The forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Company's ability to effectively execute its business plans; unforeseen construction delays; the Company's need for additional capital; changes in general economic and financial market conditions; changes in the competitive environment; litigation; losses, customer bankruptcy, claims and assessments; and regulatory or legislative requirements affecting the Company's business. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.
Contact:
Jef Lewis, Chairman and CEO
BrewBilt Manufacturing Inc. - BBRW
(530) 802-5023
Info@BrewBilt.com
Source: BrewBilt Manufacturing Inc.
