The global food grade alcohol market reached a value of US$ 7.84 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 10.95 Billion by 2027, exhibiting a CAGR of 5.73% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Food grade alcohol is obtained by the fermentation of starch-containing plants, such as cereals, beets, or sugarcane, using yeast cells. It is widely employed in the food and beverage (F&B) industry to serve as a base for distilled spirits, such as vodka, gin and liqueurs, and a solvent for colorants and flavors in different food products. Besides this, it is used by bakers for decorating cakes through airbrushing.
Food Grade Alcohol Market Trends:
The increasing consumption of alcoholic beverages across the globe represents one of the key factors impelling the growth of the market.
Moreover, food grade alcohol is used to extract cannabis oil from hemp or cannabis biomass as it is healthier and safer to handle than other hydrocarbon extraction methods. It is also considered ideal for small, medium, and large-scale hemp processors on account of its high evaporation rate and ease of separation from cannabis oil.
Additionally, the rising development of therapies and other consumer products derived from cannabis and its components, including cannabidiol (CBD) is catalyzing the demand for food grade alcohol worldwide.
Apart from this, it is extensively utilized in the pharmaceutical industry for decongestants, pills, vitamins, cough syrup preparations, and iodine solutions. This can be accredited to its coating, sweetening, emollient, bulking, anti-crystallizing, and stabilizing properties.
Furthermore, there is a rise in the popularity of nutraceutical products on account of their antiviral, anti-inflammatory, and immunomodulatory properties. This, coupled with the burgeoning pharmaceutical industry, is creating a positive outlook for the market. Other factors, including the increasing western influence and rising popularity of craft beer among millennials, are anticipated to facilitate the growth of the market.
Report Attribute
Details
No. of Pages
145
Forecast Period
2021 - 2027
Estimated Market Value (USD) in 2021
$7.84 Billion
Forecasted Market Value (USD) by 2027
$10.95 Billion
Compound Annual Growth Rate
5.7%
Regions Covered
Global
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Cargill Incorporated, Cristalco, Ethimex Ltd, Extractohol, Glacial Grain Spirits, Grain Processing Corporation (Kent Corporation), Manildra Group, MGP Ingredients Inc., Molindo Group, Pure Alcohol Solutions, Roquette Freres and Wilmar Sugar Pty Ltd. (Wilmar International Limited).
Key Questions Answered in This Report:
How has the global food grade alcohol market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global food grade alcohol market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the source?
What is the breakup of the market based on the function?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global food grade alcohol market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends
5 Global Food Grade Alcohol Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast
13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players 15.3.1 Archer-Daniels-Midland Company 15.3.1.1 Company Overview 15.3.1.2 Product Portfolio 15.3.1.3 Financials 15.3.1.4 SWOT Analysis 15.3.2 Cargill Incorporated 15.3.2.1 Company Overview 15.3.2.2 Product Portfolio 15.3.2.3 SWOT Analysis 15.3.3 Cristalco 15.3.3.1 Company Overview 15.3.3.2 Product Portfolio 15.3.4 Ethimex Ltd 15.3.4.1 Company Overview 15.3.4.2 Product Portfolio 15.3.5 Extractohol 15.3.5.1 Company Overview 15.3.5.2 Product Portfolio 15.3.6 Glacial Grain Spirits 15.3.6.1 Company Overview 15.3.6.2 Product Portfolio 15.3.7 Grain Processing Corporation (Kent Corporation) 15.3.7.1 Company Overview 15.3.7.2 Product Portfolio 15.3.8 Manildra Group 15.3.8.1 Company Overview 15.3.8.2 Product Portfolio 15.3.9 MGP Ingredients Inc. 15.3.9.1 Company Overview 15.3.9.2 Product Portfolio 15.3.9.3 Financials 15.3.9.4 SWOT Analysis 15.3.10 Molindo Group 15.3.10.1 Company Overview 15.3.10.2 Product Portfolio 15.3.11 Pure Alcohol Solutions 15.3.11.1 Company Overview 15.3.11.2 Product Portfolio 15.3.12 Roquette Freres 15.3.12.1 Company Overview 15.3.12.2 Product Portfolio 15.3.12.3 SWOT Analysis 15.3.13 Wilmar Sugar Pty Ltd. (Wilmar International Limited) 15.3.13.1 Company Overview 15.3.13.2 Product Portfolio
