“The food-grade alcohol market is projected to grow at a CAGR of 3.9%.”
The food-grade alcohol market is projected to grow at a CAGR of 3.9% from 2017, to reach USD 12.86 billion by 2022. The demand for food-grade alcohol is projected to be on the rise, owing to factors such as increase in global beer production and trade in alcohol, thus creating a platform for manufacturers of food-grade alcohol to focus on investments and offer innovative products. Increasing awareness about the harmful health effects of alcohol consumption is the major restraint for the food-grade alcohol market.
“Beverage application is projected to be the fastest-growing in the food-grade alcohol market globally”
In terms of volume, the beverages segment is projected to grow at the highest rate between 2017 and 2022, due to the increase in global consumption of alcoholic beverages. Food-grade alcohol is used as the main ingredient in manufacturing a wide range of alcoholic beverages. Furthermore, the beverages segment presents innovative potential to food-grade alcohol manufacturers due to the abundant availability of raw materials, especially in the Asia-Pacific region.
“Asia-Pacific is estimated to be the fastest-growing region in the market.”
The Asia-Pacific region is estimated to be the fastest-growing market, in terms of both value and volume, in the global food-grade alcohol market, in 2017. This region comprises developing economies such as China, Japan, and India, which are the largest consumers of food-grade alcohol in the world. The increase in population and per capita income in India and China clubbed with abundant availability of raw materials is expected to drive the food-grade alcohol market. India’s food-grade alcohol market is expected to grow at the highest rate among the Asia-Pacific countries.
Break-up of primaries:
- By Company Type: Tier 1 – 50 %, Tier 2 – 20%, and Tier 3 – 30%
- By Designation: C level – 28%, Director level – 22%, and Others – 50%
- By Region: North America - 40%, Europe – 30%, Asia-Pacific – 21%, and RoW – 9%
The global market for food-grade alcohol is dominated by large players such as Archer Daniels Midland Company (U.S.), Cargill (U.S.), MGP Ingredients (U.S.), Sigma-Aldrich (U.S.), and Roquette Freres S.A. (France). Other market players in this segment include Fonterra Co-operative Group (New Zealand), Cristalco SAS (France), Grain Processing Corporation (U.S.), Wilmar International Limited (Singapore), and Manildra Group (Australia).
The food-grade alcohol market has been segmented on the basis of type, source, application, and region. In terms of insights, this research report has focused on various levels of analyses?industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global food-grade alcohol market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons To buy this report:
- To get an overview of the global food-grade alcohol market
- To get an overview of the key players of the food-grade alcohol industry and product portfolios and key strategies adopted by key players to attain the market presence
- To gain insights of the major regions in which the food-grade alcohol market is growing
- To gain knowledge of the growth of various food-grade alcohols