Animal Workstations Market Size, Share & Trends Analysis Report By Animal Type (Large, Small), By Product (Dual Access Workstation, Bedding Disposal Workstation, Single-Sided Workstation), By Technology, By End-user, By Region, And Segment Forecasts, 2025
Animal Workstations Market Size, Share & Trends Analysis Report By Animal Type (Large, Small), By Product (Dual Access Workstation, Bedding Disposal Workstation, Single-Sided Workstation), By Technology, By End-user, By Region, And Segment Forecasts, 2025 - 2030
Alcohol Ingredients Market Growth & Trends
The global alcohol ingredients market size is expected to reach USD 4.21 billion by 2030 registering a CAGR of 6.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing alcohol consumption across the globe has been fueling the product demand. In addition, rapid urbanization along with the increased adoption of western culture in the developing countries including China, India, Indonesia, and Taiwan is expected to boost the demand for alcoholic beverages, which, in turn, will prompt the utility of ingredients including yeast and enzymes.
Flavors & salts product segment held the largest market share in 2018 on account of increased demand for flavored drinks. Major alcoholic beverage companies have expanded their product portfolio in this particular segment. Beer held the largest market share of over 40% in 2018. Health benefits offered by beer along with its low alcohol content have made it a popular drink. Craft beers are expected to witness a significant growth in near future due to growing popularity across the globe. Europe was the dominant regional market in 2018.
Prominent economies of this region include, Germany, U.K., Italy, Spain, Romania, and Belgium. High alcohol consumption levels along with the presence of a large number of alcohol producers has increased the product demand in this region. Asia Pacific is anticipated to be the fastest-growing region at a CAGR of 9.6% from 2019 to 2025. China, India, South Korea, Taiwan, Myanmar, and Thailand are the prominent markets in this region. Rising per capita income and growing number of pubs, bars, and clubs have been driving the product demand in these developing countries.
Alcohol Ingredients Market Report Highlights
Flavors & salts dominated the market with the largest revenue share of 45.4% in 2024. The increasing demand for unique and exotic flavors in alcoholic beverages, such as craft beers and specialty cocktails, has significantly boosted the market.
Beer dominated the market with the largest revenue share in 2024. This dominance is driven by beer's longstanding popularity and widespread global consumption.
Europe's alcohol ingredients market dominated, with a revenue share of 33.5% in 2024. The region's rich tradition in alcoholic beverages, including renowned beer, wine, and spirits, drives the demand for high-quality ingredients.
Please note The report will be delivered in 2-3 business days upon order notification.