Global Food Grade Alcohol Market - 2023-2030
Market Overview
The Global Food Grade Alcohol Market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 6.1% during the forecast period (2023-2030).
Food-grade alcohol is ethyl alcohol, which is safe to consume because it is additive-free and pure. It is a naturally occurring volatile solvent that is safe for human contact in a number of food-grade applications. It is used in the food and beverage, pharmaceutical and medical, cosmetic, and electronic industries.
Ethanol and polyols are the primary byproducts of food-grade alcohol. Alcohols with many hydroxyl groups are referred to as polyols. Maltitol, isomalt and sorbitol are a few of the most popular types. Food-grade alcohols are made from sugarcane and molasses, fruits, and grains.
They are utilized as coatings, preservatives, flavorings, and others in vinegar, spirits, cosmetics, extracts, pharmaceuticals, and other industrial applications. These factors are driving the market growth during the forecast period.
Market Dynamics
The Demand for Food Grade Alcohol has Readily Supported the Market Growth Due to the Increase in Demand for Alcoholic Beverages
The market for food-grade alcohol is anticipated to develop in the future due to the rising use of alcoholic drinks. An alcoholic beverage has more alcohol by volume than what is specified. Food-grade alcohol, also known as neutral alcohol, is used in the production of a number of alcoholic beverages and is generated from grains, grapes, molasses, potatoes, and other horticultural or agricultural products.
For instance, neutral grain alcohol that has been infused with herbs and spices can be used to make gin. For instance, in February 2022, the Distilled Spirit Council, a national trade association based in the US that represents producers and marketers of distilled spirits, published a report stating that the revenue from alcoholic beverages in the US increased between 2020 and 2021 Y-o-Y growth rate of 12.0%.
As a result, the market for food-grade alcohol is expanding due to the increase in alcoholic beverage consumption. All these factors account for the growth of the market during the forecast period.
The Global Food Grade Alcohol Market is Driven by Rising Use of Food-grade Alcohol in the Pharmaceutical Sectors
The pharmaceutical industry is witnessing accelerating growth, as key players, governments, and FDI are continually investing in research and development. The market for food-grade alcohol is expanding as a result of widespread use in the pharmaceutical and cosmetic industries for the production of cosmetics, antiseptics, medicines, and lotions as well as chemicals in hand sanitizers.
The demand for food-grade alcohol is rising as a result of the need to support the market expansion of alcoholic drinks through growth in the food processing sector. The market for food-grade alcohol has benefited greatly from the changing drinking habits of the millennial generation and the exponential growth of craft spirit distilleries.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global food-grade alcohol market is segmented based on type, source, application, functionality, and region.
Rising Demand for the Coloring & Flavoring Agents in the Functionality Segment
The coloring & flavoring segment is estimated to grow at a rapid pace over the forecast period. Alcohol consumption is estimated to increase as a food additive that helps with color distribution and improves the flavor of food extracts.
The most popular flavoring vanilla extract is made by soaking vanilla beans in an ethanol and water solution. As flavoring and coloring additions, polyols like sorbitol and isomalt are used in a wide range of culinary goods, which helps the market growth in the forecast period.
Geographical Analysis
The High Demand for Food Grade Alcohol in North America
North America holds the highest share in the global market and is estimated to grow over the forecast period owing to the increase in food-grade alcohol-based products that are widely used in the food and beverage industry.
Food-grade alcohol is highly sought after by the numerous manufacturers of processed foods in these areas since it can be used for a variety of purposes, including coating, sweetening, emollient, bulking, stabilizing and preventing cocrystallization with countless alcoholic beverage products like wine, beer, whisky and other liquors becoming more popular around the world.
Alcohol is primarily used in the food industry as an additive, preservative, or added flavor in a few select products. These are the key factors that are anticipated to experience significant expansion over the forecast years.
Competitive Landscape
The major global players in the market include Roquette Frères, ADM, Fonterra Co-operative Group, MGP, Jiangsu Huating Biotechnology Limited Company, GREENFIELD GLOBAL INC., Wilmar International Ltd, Cargill, Inc., The Andersons, Inc., Manildra Group, Grain Processing Corporation.
Why Purchase the Report?
• To visualize the global food-grade alcohol market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of food grade alcohol market-level with all segments.
• PDF report consisting of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as Excel consisting of key products of all the major market players.
The Global Food Grade Alcohol Market Report Would Provide Approximately 93 Tables, 109 Figures and 190 Pages.
Target Audience 2023
• Manufacturers / Buyers
• Industry Investors / Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Market Definition and Overview
- 3. Executive Summary
- 3.1. Market Snippet by Type
- 3.2. Market Snippet by Source
- 3.3. Market Snippet by Application
- 3.4. Market Snippet by Functionality
- 3.5. Market Snippet by Region
- 4. Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. XX
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. XX
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Ethanol*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Polyols
- 8. By Source
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 8.1.2. Market Attractiveness Index, By Source
- 8.2. Sugarcane and Molasses*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Grains
- 8.4. Fruits
- 8.5. Others
- 9. By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Food and Beverages*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Healthcare and Pharmaceuticals
- 9.4. Personal Care
- 9.5. Others
- 10. By Functionality
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Functionality
- 10.1.2. Market Attractiveness Index, By Functionality
- 10.2. Coatings*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Preservatives
- 10.4. Coloring and Flavoring Agent
- 10.5. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis andY-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Functionality
- 11.2.7. Market Size Analysis andY-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Functionality
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Functionality
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Functionality
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Functionality
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Roquette Frères
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. ADM
- 13.3. Fonterra Co-operative Group
- 13.4. MGP
- 13.5. Jiangsu Huating Biotechnology Limited Company,
- 13.6. GREENFIELD GLOBAL INC.
- 13.7. Wilmar International Ltd.
- 13.8. Cargill, Inc.
- 13.9. The Andersons, Inc.
- 13.10. Manildra Group
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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