Food Grade Alcohol Market Outlook
According to a new report by Expert Market Research titled, “Global Food Grade Alcohol Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global food grade alcohol market is projected to grow at a CAGR of 5.4% between 2024 and 2032. Aided by the diverse applications in food and beverage industries, the market is expected to grow significantly by 2032.
Food grade alcohol, also known as ethyl alcohol or ethanol, is an essential ingredient used in various food and beverage products. It is widely used for its flavour-enhancing properties, as a preservative, and as a base for alcoholic beverages. Food grade alcohol is also utilised in the pharmaceutical and personal care industries for its antiseptic and astringent properties.
The primary driver of the food grade alcohol market growth is its extensive use in the food and beverage industry. Alcoholic beverages, including spirits, wines, and beers, are the most significant consumers of food grade alcohol. The rising global consumption of these beverages, driven by changing lifestyle patterns and growing disposable incomes, especially in emerging economies, is a major factor contributing to market growth.
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Another significant driver is the increasing use of food grade alcohol in flavourings, extracts, and food preservatives. Its ability to enhance taste and extend shelf life makes it a valuable component in the food processing industry. Additionally, the burgeoning demand for convenience foods, where food grade alcohol is used for its preservative qualities, is further propelling the food grade alcohol market demand.
In the pharmaceutical sector, food grade alcohol is used as a solvent and carrier for medicines, and as a disinfectant in sanitisers and antiseptics, a demand that has notably risen in the wake of the global health crisis. The personal care and cosmetics industry also utilises food grade alcohol in various products, including perfumes, lotions, and astringents, influencing the food grade alcohol market outlook.
The market for food grade alcohol exhibits significant regional variance. North America and Europe, with their established alcoholic beverage industries and advanced food processing sectors, dominate the market. The Asia-Pacific region is a rapidly growing market, driven by rising disposable incomes, changing consumer preferences, and the increasing adoption of Western dietary habits.
Looking forward, the food grade alcohol market demand is poised for a surge in the forecast period. The continuous demand from the food and beverage industry, combined with emerging applications in pharmaceuticals and personal care, are expected to drive the market. Furthermore, the development of new product varieties and the rising demand for premium and craft alcoholic beverages are likely to shape the market’s trajectory.
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Food Grade Alcohol Market Segmentation
The market can be divided based on type, source, application, and region.
Market Breakup by Type
- Ethanol
- Sorbitol
- Xylitol
- Others
Market Breakup by Source
- Sugarcane
- Sugar Beet and Molasses
- Grains
- Others
Market Breakup by Application
- Food
- Beverages
- Pharmaceutical and Nutraceutical
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global food grade alcohol market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cargill Incorporated
- Spectrum Chemical Manufacturing Corp.
- Manildra Group
- Wilmar International Limited
- Grain Processing Corporation
- Others
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