MarketResearch.biz offers a 360-degree view of the Global Food-grade Alcohol Market. The report provides a comprehensive assessment of key factors, including growth drivers, challenges, and opportunities for business expansion in the market over the forecast period 2023-2033. This report aims to provide a comprehensive assessment of the global market, including the major stakeholders in the Food-grade Alcohol sector. This assessment provides a clear overview of the current and historical market status, as well as forecasted market size. The report also provides data on market volume, share, and revenue as well as production and sales.
The food-grade alcohol market refers to the segment of the alcohol industry that produces alcohol for use in food, beverages, and pharmaceutical products. Food-grade alcohol is also known as pure or rectified alcohol, and it is made by distilling fermented grains, fruits, or vegetables.
Global Food-Grade Alcohol Market Value at USD 14.1 Bn In 2023 and Is Projected To Reach USD 23.41 Bn By 2033, at a CAGR Of 5.2%.
The market for food-grade alcohol has been growing steadily in recent years, driven by the increasing demand for high-quality, natural ingredients in food and beverage products. Food-grade alcohol is commonly used as a solvent, preservative, and flavoring agent in food and beverage products such as chocolates, candies, and soft drinks.
In addition, food-grade alcohol is also used as a key ingredient in the production of pharmaceutical products, including mouthwashes, antiseptics, and hand sanitizers. The global food-grade alcohol market is highly competitive, with several large players dominating the market. The market is segmented by type, source, application, and region. The most commonly used types of food-grade alcohol include ethanol, methanol, and isopropyl alcohol.
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Top Major Players in the Food-grade Alcohol Market include:
Archer Daniels Midland Company
Cargill
MGP Ingredients
Sigma-Aldrich
Roquette Freres S.A.
Fonterra Co-operative Group
Cristalco SAS
Grain Processing Corporation
Wilmar International Limited
Manildra Group
The primary sources of food-grade alcohol are grains, fruits, and vegetables, with grains being the most commonly used source. The major applications of food-grade alcohol are in the food and beverage, pharmaceutical, and personal care industries. Geographically, the food-grade alcohol market is dominated by North America and Europe, due to the high demand for natural ingredients in these regions. However, Asia Pacific is expected to witness significant growth in the coming years, owing to the increasing demand for natural and organic food and beverage products.
Overall, the food-grade alcohol market is expected to continue growing in the coming years, driven by the increasing demand for natural and organic ingredients in food and beverage products, as well as the rising demand for pharmaceutical and personal care products.
The report combines extensive quantitative analysis and exhaustive qualitative analysis and ranges from a macro overview of total market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region, providing a holistic view of, as well as a deep insight into, the Food-grade Alcohol market covering all of its essential aspects.
Global food-grade alcohol market segmentation:
By Type:
- Ethanol
- Polyols
By Application:
- Food & beverage
- Healthcare & pharmaceuticals
By Source:
- Sugarcane & molasses
- Grains
- Fruits
- Others (rice and corn)
By Region:
- Europe
- North America
- Asia-Pacific
- Middle East and Africa
- South America
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Major Highlights of the Report:
- An all-inclusive assessment of the parent markets
- Evolution of important market aspects
- An industry-wide study of market segments.
- Market value and volume are assessed in the past, present, and future years.
- Market share evaluation
- Market leaders’ tactical approaches.
- Companies can use innovative strategies to strengthen their market position.
This study provides market growth potential, opportunities, drivers, industry-specific challenges and risks, market share, and the global Food-grade Alcohol market growth rate. The report also includes information on monetary and exchange fluctuations, import-export trade, and the global market. The SWOT analysis, compiled by industry experts, Industry Concentration Ratio, and the most recent developments for the global Food-grade Alcohol market share are covered statistically in the form of tables and figures, as well as graphs and charts, for easy comprehension.
Moreover, it helps new businesses perform a positive assessment of their business plans because it covers a range of topics market participants must be aware of to remain competitive.
Food-grade Alcohol Market Research Objective:
- To analyze and forecast the market size of the global market.
- To classify and forecast the global Food-grade Alcohol market based on application.
- To identify drivers and challenges for the global Food-grade Alcohol market.
- To examine competitive developments such as mergers and acquisitions, agreements, collaborations, partnerships, etc., in the global market.
- To conduct pricing analysis for the global market.
- To identify and analyze the profile of leading players operating in the market.
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