Americas & Europe Potable Alcohol Market Research Report Information By Source (Grains, Sugarcane, Molasses), by Application (Food & Beverages, Alcoholic Beverages, Flavors and Fragrances, Pharmaceuticals, Cosmetics & Personal Care, and Others), By Purity

Americas & Europe Potable Alcohol Market Research Report Information By Source (Grains, Sugarcane, Molasses), by Application (Food & Beverages, Alcoholic Beverages, Flavors and Fragrances, Pharmaceuticals, Cosmetics & Personal Care, and Others), By Purity (less than 96%, 96% and above 96% purity), By Distribution Channel (Store-based and Non-store-based, and By Region (North America, Latin America, Europe) – Industry Forecast Till 2030

In the review period, the Potable Alcohol market industry is anticipated to grow at a compound annual growth rate (CAGR) of 4.42%. The consistent demand for the portable alcohol market is fueled by the increasing consumption of alcohol and the growing government investment in the pharmaceutical sector. The demand for potable alcohol in the Americas and Europe has remained consistently strong because of its essential position in the production of alcoholic beverages, its applications in various industrial sectors, and cultural and social traditions. The potable alcohol market is being impacted by a heightened emphasis on health and wellness. Consumers are actively pursuing organic, low-calorie, and low-sugar alternatives to their alcoholic beverages. This has resulted in the creation of lighter versions of alcoholic beverages, which are frequently prepared using healthier ingredients and methods. This has had an impact on the varieties of potable alcohol that are used in production.

Market Segment Insights
The American and European potable alcohol market has been segmented into cereals, sugarcane, and molasses, as indicated by the source.

According to the application, the American and European potable alcohol market has been segmented into the following categories: Food & Beverages, Alcoholic Beverages, Flavors and Fragrances, Pharmaceuticals, Cosmetics & Personal Care, and Others.

The American and European potable alcohol market has been divided into three categories based on purity: less than 96%, 96%, and above 96%.
The American and European potable alcohol market has been divided into store-based and non-store-based segments based on the distribution channel.

Regional Perspectives
The market is segmented into North America, Latin America, and Europe by region. In 2022, the European Potable Alcohol market is anticipated to have the highest market share at 53.87% and a compound annual growth rate (CAGR) of 5.83%. The potable alcohol market is significantly influenced by the European region, which encompasses critical countries such as France, the United Kingdom, Germany, Italy, and Spain.

The North American region, which encompasses the United States, Canada, and Mexico, contributes a substantial portion to the potable alcohol market in Europe and the Americas. The region is experiencing a shift in consumer preferences for intoxicating beverages because of the continuous evolution of consumer preferences. There has been an increasing fascination with intoxicating beverages in the United States.

Potable alcohol is experiencing significant growth in the Latin America region, which includes major countries such as Argentina, Brazil, and Peru. The potable alcohol industry in Latin America is experiencing growth due to a variety of factors, with the most significant being the expanding applications of this adaptable product.

Major Players
Cargill Incorporated (U.S.), Sasma (Netherlands), USA Distillers (U.S.), Ethimex (U.K.), Gulshan Polyols Ltd. (India), Ryssen Alcools (France), IFB Agro Industries Ltd. (India), Euro-Alcohol GmbH (Germany), CropEnergies AG (Germany), Almagest (Bulgaria), Midwest Renewable Energy, LLC (US), Tereos TTD (Dobrovice), Cristalco (France), Group UDM (France), and India Glycols Limited (India).