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

Americas & Europe Potable Alcohol Market Research Report: Information By Source (Grains and Sugarcane and Molasses), By Application (Food & Beverages, Alcoholic Beverages, Flavors and Fragrances, Pharmaceuticals, Cosmetics & Personal Care and Others), By Purity (Less Than 96% Purity, 96% Purity and Above 96% Purity), By Distribution Channel (Store-Based and Non-Store Based), and By Region (North America, Europe, and Latin America) Industry Forecast Till 2032

The Americas and Europe Potable Alcohol Market was estimated at USD 13,661.84 million in 2023. The Potable Alcohol market is expected to expand from 2024 to USD 22,542.04 million by 2032, with a compound annual growth rate (CAGR) of 5.72% over the forecast period (2024-2032). Potable alcohol demand in the Americas and Europe has been constantly high due to its importance in the production of alcoholic beverages, cultural and social traditions, and applications in a variety of industries. In the beverage business, demand for alcoholic beverages such as beer, wine, and spirits continues to drive the potable alcohol market.

The increased consumption of alcohol in various countries of Europe and the Americas is expected to raise demand for potable alcohol, boosting market growth in the future years.

Market Segment insights
According to the report, the American and European potable alcohol markets are segmented into grains, sugarcane, and molasses.
The American and European potable alcohol markets have been segmented based on application: Food and Beverages, Alcoholic Beverages, Flavors and Fragrances, Pharmaceuticals, Cosmetics and Personal Care, and Others.
The American and European drinkable alcohol markets are segmented depending on purity, with less than 96%, 96%, and more than 96% purity.
The American and European potable alcohol markets have been segmented based on distribution channel, with store-based and non-store-based categories.

Regional insights
The report divides the market into three regions: North America, Europe, and Latin America. Europe accounted for the greatest market share of 53.87% in 2022, with a market value of USD 7,016.81 million; it is predicted to grow at the fastest rate of 5.83% during the forecast period. North America was the second-largest market in 2022, valued at USD 5,644.90 million, with a CAGR of 4.53%.

The North American region, which comprises the United States, Canada, and Mexico, has made substantial contributions to the Americas and Europe potable alcohol markets. Consumer preferences for alcoholic beverages are evolving throughout the region as consumer tastes change over time.

The European region, which includes key countries such as France, the United Kingdom, Germany, Italy, and Spain, is vital to the growth of the drinkable alcohol market. France is well-known for its wine culture, and wine consumption has long been an important aspect of French society.
By 2030, the Latin American region is expected to provide an absolute dollar opportunity of USD 183.43 million, up from 2023. It is expected to be worth 1.51 times more in 2030 than it was in 2022.

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), and Midwest Renewable Energy, LLC are among the key companies in the Potable Alcohol market.