Global Alcohol Based Concentrates Market Growth 2023-2029

Global Alcohol Based Concentrates Market Growth 2023-2029

Alcohol-based concentrates are a concentrated formula of a liqueur along with a blend of different ingredients. The concentrates are a blend of different concentrates mixed with a highly concentrated alcohol base. Alcohol-based concentrates are used in confectionery and ice-creams, owing to their enhanced flavor and alcohol strength. The alcohol component present in alcohol-based concentrates act as a carrier of concentrates blended in it. These concentrates are predominantly used in flavoring chocolates, cakes, etc. It is also used in form of gel to flavor sauces and salads. 

LPI (LP Information)' newest research report, the “Alcohol Based Concentrates Industry Forecast” looks at past sales and reviews total world Alcohol Based Concentrates sales in 2022, providing a comprehensive analysis by region and market sector of projected Alcohol Based Concentrates sales for 2023 through 2029. With Alcohol Based Concentrates sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Alcohol Based Concentrates industry.

This Insight Report provides a comprehensive analysis of the global Alcohol Based Concentrates landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Alcohol Based Concentrates portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Alcohol Based Concentrates market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Alcohol Based Concentrates and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Alcohol Based Concentrates.

The global Alcohol Based Concentrates market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

According to the recent past activities in various regions in the world, it can be concluded that consumption of alcohol or alcohol-based products has become an accompaniment for a number of reasons such as celebrations, commiserations, the end of the working day, and others. In many developed regions such as Europe, Canada, the U.S., alcohol is a socially accepted part of their daily life. Younger population of the world is influenced by their peer group or peer thinking, which is a factor driving the growth of the alcohol-based market. Changing lifestyles, an influence of social media and Internet, increasing social parties, adolescents with high social network influence, greater family incomes, and others have easier access to alcoholic drinks and alcoholic products, which is also driving demand for alcohol. Moreover, globally, the gender gap in terms of alcohol consumption is closing as there is increasing acceptance of female drinking in the societal norms. Because of all these factors, people are attracted towards alcohol and alcohol-based products, which is driving the growth of the alcohol-based flavor market and this is expected to continue over the forecast period. According to WHO, in 2005, the worldwide consumption of alcoholic beverages was around 6.13 liters of pure alcohol per person, who were above 15 years of age. The highest consumption level was mostly found in the Northern Hemisphere and also in the areas of Argentina, Australia, and New Zealand. There are various disadvantages and risks which can be caused by advertisements of alcohol-based products, publicly. There are foods, which contain the high volume of alcohol and if are exhibited publicly may cause harm to the image of the product. Consumers are looking towards clean-label products since the recent past and thus, if the alcohol-based products are advertised, consumers would not prefer it because of the adverse health effects of alcohol. Moreover, attracted to the advertisements, children may consume alcohol unintentionally while consuming the products. Due to this, the taste of alcohol can get familiarized among children. By consuming alcohol flavored products, children have the chance to get used to the taste of alcohol before they reach the legal drinking age. However, the alcohol in food is also hidden for recovering addicts.

This report presents a comprehensive overview, market shares, and growth opportunities of Alcohol Based Concentrates market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Amaretto
Blueberry
Butterscotch
Cherry Brandy
Creme De Cacao
Peach
Others

Segmentation by application
Chocolate
Bakery
Food and Beverage
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Givaudan
Döhler
Kerry Group
Firmenich International
Symrise
Sensient Flavors International
Frutarom Industries

Key Questions Addressed in this Report

What is the 10-year outlook for the global Alcohol Based Concentrates market?

What factors are driving Alcohol Based Concentrates market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Alcohol Based Concentrates market opportunities vary by end market size?

How does Alcohol Based Concentrates break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.