Expert Market Research’s new report titled ‘Global Food Grade Alcohols Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global market food grade liquor market, assessing the Food Grade Liquor Market based on its segments such as Types, Sources, Applications, and Major Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2020): approximately USD 7.35 billion
- Forecast CAGR (2022-2027): 5.4%
Growing applications of food grade alcohol in the beverage industry are driving the market growth. The rising importance of alcoholic beverages like beer, whiskey, and wine is increasing the demand for food-grade alcohol, thus boosting the market. In addition to this, the demand for food-grade alcohol in the food sector is bolstering the growth of the market due to the diverse range of flavors and multiple uses of the product in food processing applications. This may be associated with the coating, sweetening, swelling, anti-crystallization and stabilizing properties of food grade alcohol. Trends supporting the thriving food and beverage sector include increasing per capita disposable income, rapid urbanization and rising living standards.
Industry definition and segmentation
Food-grade alcohol refers to an ingredient commonly used in end-use industries like food, beverages, and pharmaceuticals. Also known as undenatured alcohol, food-grade alcohol is safe for human consumption due to its purity due to the absence of additives.
Depending on the type, the market can be distinguished into:
On the basis of source, the market can be split into:
- Sugar cane
- Sugar beet and molasses
Based on application, market segmentations include:
- Pharmaceutical and Nutraceutical
Regional markets for food-grade alcohol include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Latest news on the global food-grade alcohol market @ https://bityl.co/CZRq
In addition to applications in the food and beverage sector, the growth of the food-grade alcohol market is expected to be driven by applications in the pharmaceutical and nutraceutical sectors in the coming years. Various alcohol-based ingredients are widely used in the pharmaceutical and nutraceutical sectors as dietary supplements, functional foods and beverages, and disinfection products, among others, thus contributing to the market.
Main market players
Major market players include Cargill Incorporated, Spectrum Chemical Manufacturing Corp., Manildra Group, Wilmar International Limited, and Grain Processing Corporation, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.