Global Food Grade Alcohol Market Size To Worth USD 4.50 Billion By 2033 | CAGR of 2.63%
Category: Food & BeveragesGlobal Food Grade Alcohol Market Size To Worth USD 4.50 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Food Grade Alcohol Market Size is to Grow from USD 3.47 Billion in 2023 to USD 4.50 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 2.63% during the projected period.
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Browse key industry insights spread across 239 pages with 98 Market data tables and figures & charts from the report on the "Global Food Grade Alcohol Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Ethanol and Polyols), By Application (Healthcare & Pharmaceutical, Food, Beverages, Personal Care, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/food-grade-alcohol-market
Food grade alcohol is also known as non-denatured alcohol or grain alcohol, which is safe for human consumption. Technological developments in distillation and purification have increased the efficiency and cost-effectiveness of food grade alcohol manufacturing, allowing firms to produce high-purity alcohol more effectively while meeting rising demand. Furthermore, strict rules and quality standards imposed by governing authorities regarding the usage of safe and pure components in various industries have aided market expansion. Furthermore, the growing popularity of natural food additives and clean-label products is increasing demand for food-grade alcohol, particularly for the production of organic beverages and natural extracts. However, stricter alcohol content regulations that limit product debuts might hinder industry expansion.
The ethanol segment is expected to dominate the market during the forecast period.
Based on the product type, the global food grade alcohol market is divided into ethanol and polyols. Among these, the ethanol segment is expected to dominate the market during the forecast period. Ethanol, commonly known as grain alcohol, is made from various sugar, fruit, and starch sources, such as sugar cane, sweet sorghum, maize, wheat, and potatoes. Corn starch, for example, is frequently used in the manufacturing of ethanol due to its widespread availability. Ethanol's versatility and effectiveness as a solvent, preservative, and flavoring agent have led to widespread use in industries such as food and beverage, pharmaceuticals, and personal care products.
The food segment is projected to dominate the market during the forecast period.
Based on the application, the global food grade alcohol market is divided into healthcare & pharmaceutical, food, beverages, personal care, and others. Among these, the food segment is projected to dominate the market during the forecast period. There is a growing demand for natural and clean-label products that use food-grade alcohol as a natural preservative. The bakery and confectionery industries have made important contributions, incorporating food-grade alcohol into cakes, chocolates, and candies to improve flavor and shelf life. Furthermore, the growing popularity of processed and convenience foods, combined with a preference for premium and artisanal products, has resulted in greater use of natural coloring and flavoring additives.
North America is projected to hold the biggest share of the global food grade alcohol market over the forecast period.
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North America has the largest market share owing to the presence of major producers and a burgeoning craft beverage industry. The United States is a major supplier of food-grade alcohol and home to some of the world's largest spirits and beer industries. The demand for food-grade alcohol from these companies has increased the regional market. The region's strong controls and quality standards ensure that the supply of high-quality alcohol meets the demands of end-use industries. This has motivated several global corporations to develop production facilities in the region to suit local demand.
Asia-Pacific is predicted to grow fastest pace throughout the forecast period. The growing middle class, more disposable incomes, and changing lifestyles have all raised the demand for alcoholic beverages in countries like China, India, and Japan. Local producers are working with international corporations to gain access to cutting-edge technologies and knowledge for creating high-quality alcoholic beverages.
Major vendors in the global food grade alcohol market include, CHIPPEWA VALLEY ETHANOL COMPANY, Essentica, MGP Ingredients, Altia Industrial, Highwater Ethanol LLC, Roquette Freres, Grain Processing Corporation, Fonterra Co-operative Group, Malindra Group, Archer Daniels Midland Company, Cargill Inc, Fairly Traded Organics, Ethimex Ltd, Organic Alcohol Company, GLACIAL GRAIN SPIRITZ, and Others.
Recent Developments
- In April 2022, Jubilant Ingrevia disclosed the opening of a new Green Ethanol-based food-grade Acetic Acid facility in Gajraula, Uttar Pradesh.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global food grade alcohol market based on the below-mentioned segments:
Global Food Grade Alcohol Market, By Product Type
- Ethanol
- Polyols
Global Food Grade Alcohol Market, By Application
- Healthcare & Pharmaceutical
- Food
- Beverages
- Personal Care
- Others
Global Food Grade Alcohol Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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