Global Food grade Alcohol Market, By Type (Ethanol, Polyols), Application (Food, Beverages, Healthcare and Pharmaceuticals, Personal Care, Others), Source (Sugarcane, Molasses, Grains, Fruits, Others), Functionality (Coatings, Preservatives, Coloring and Flavoring Agent, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Food Grade Alcohol Market
The food grade alcohol market is expected to be growing at a growth rate of 6.5% in the forecast period of 2021 to 2028. The growing trade of food grade alcohol will act as a driving factor to the growth of the food grade alcohol market.
Alcohol, also called as ethanol, is a versatile product with applications ranging from the food and pharmaceutical to industrial solvents. The food industry is a main user of alcohol. Alcohol is also utilized in the manufacturing of products such as vinegar, flavours and extracts, candy glazes, food dyes, yeast, animal-feed supplements, and other several types of food sprays.
Major factors that are expected to boost the growth of the food grade alcohol market in the forecast period are the growing of the global beer production, the popularity of the craft beer and the escalating trade of food grade alcohol globally. However, the high alertness regarding the dangerous side effects of consumption of alcohol are one of the other factors anticipated to most likely impede the growth of the food grade alcohol market in the timeline period.
Additionally, the advancing of the countries and the contribution of the co-products of ethanol production in the feed industry will further offer advantageous opportunities for the growth of the food grade alcohol market in the coming years. Despite that, the instable prices of the raw materials and the strict guidelines on the utilization of alcohol in the food and beverages, health and personal care products might further challenge the growth of the food grade alcohol market in the near future.
This food grade alcohol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food grade alcohol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Food Grade Alcohol Market Scope and Market Size
The food grade alcohol market is segmented on the basis of type, application, source and functionality. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the type, the food grade alcohol market is segmented into ethanol, polyols.
- Based on the application, the food grade alcohol market is segmented into food, beverages, healthcare and pharmaceuticals, personal care, others.
- Based on the source, the food grade alcohol market is segmented into sugarcane, molasses, grains, fruits, others. Others is further sub segmented into corn and rice.
- Based on the functionality, the food grade alcohol market is segmented into coatings, preservatives, coloring and flavoring agent, others
Food Grade Alcohol Market Country Level Analysis
The food grade alcohol market is analysed and market size, volume information is provided by country, type, application, source and functionality as referenced above.
The countries covered in the food grade alcohol market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the food grade alcohol market because of the increasing application in the food and beverage sector to achieve the demand of a large consumer base. Furthermore, the key players in the food and beverage industry unceasingly aim to advance the new products and take up innovation strategies which in turn will further boos the growth of the food grade alcohol market in the region during the forecast period.
North America is projected to observe significant amount of growth in the food grade alcohol market because of the increasing popularity of food grade alcohol among customers and the food and beverage manufacturers because of its flexibility in the manufacturing of diverse variety of food flavors. Moreover, the occurrence of more than 2,500 breweries and distilleries where the food-grade alcohol is spent by the numerous end-use industries which is further anticipated to propel the growth of the food grade alcohol market in the region in the coming years.
The country section of the food grade alcohol market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Grade Alcohol Market Share Analysis
The food grade alcohol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food grade alcohol market.
The major players covered in the food grade alcohol market report are ADM, Roquette Frères., MGP, Fonterra Co-operative Group, GREENFIELD GLOBAL INC., Jiangsu Huating Biotechnology Limited Company, Lab Alley., The Andersons, Inc., Wilmar International Ltd, Grain Processing Corporation, Cargill, Incorporated., Manildra Group, Merck KGaA, Puhoi Organic Distillery, Extractohol., Spectrum Chemical Manufacturing Corp., Maine Distilling Guild, Molindo Group Indonesia, Cristalco, Ingredion Incorporated, Ethimex Ltd., GLACIAL GRAIN SPIRITS., CHIPPEWA VALLEY ETHANOL COMPANY (CVEC)., Essentica., Altia Industrial, Highwater Ethanol LLC., Fairly Traded Organics., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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