Westford USA, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global Food Grade Alcohol market size is expected to reach USD 3.21 billion by 2030 and exhibit a CAGR of 4.3% in the forecast period (2023−2030), according to Skyquest's latest research report. The growing demand for alcoholic beverages, increasing use of food-grade alcohol in the pharmaceutical and cosmetic industries, rising awareness of food safety and quality, expanding food and beverage industry, stringent regulations promoting the use of food-grade alcohol as a safe additive, and the trend towards natural and organic food products driving the need for food-grade alcohol in food processing is fueling the market's growth.
According to SkyQuest's latest global research of the Food Grade Alcohol market, increasing demand for clean-label and organic food-grade alcohol products, rising popularity of craft and artisanal alcoholic beverages, growing interest in specialty and high-proof food-grade alcohols for culinary applications, adoption of sustainable and eco-friendly production practices, and expanding distribution channels, including e-commerce, for food-grade alcohol products are the trends that aid in the market's growth.
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Browse in-depth TOC on "Food Grade Alcohol Market"
- Pages - 157
- Tables - 96
- Figures -79
Food grade alcohol is ethyl alcohol that is safe for human consumption. It is typically made from corn, sugarcane, or wheat and is highly purified to remove any harmful substances or impurities. Food grade alcohol is used in a variety of food and beverage applications, as well as in personal care products, pharmaceuticals, and cosmetics.
Prominent Players in Food Grade Alcohol Market
- Grain Processing Corporation
- Archer Daniels Midland Company
- Cargill
- Wilmar International
- Louis Dreyfus Company
- Tate & Lyle
- Roquette Frères
- Cristalco
- GrainCorp
- Tereos
- Südzucker
- Cofco International
- Grain Millers
- Bunge
- Manildra Group
- Graincorp Australia
- Wilmar Sugar Australia
- Australian Sugar Milling Company
- Bega Cheese
- Grain Processing (India)
- Green Field Natural Products
- Alcotec
- Foodchem International
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Report Scope & Segmentation:
| Attributes | Details |
| Forecast Period | 2023-2030 |
| Market Size in 2022 | 2.29 Billion |
| 2030 Value Projection | 3.21 Billion |
| CAGR | 4.3% |
| Segments Covered |
Source Grains, fruits, sugarcane, and others
|
| Regions Covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
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Ethanol Demand to Grow Substantially in the Forecast Period
Ethanol dominates the global online market as they are used in producing alcoholic beverages, including beer, wine, and spirits. The global demand for alcoholic beverages remains significant, driving a substantial need for ethanol.
Alcoholic Beverages are the Leading Application Segment
In terms of application, alcoholic beverages are the leading segment as they have a global and enduring demand. The consumption of beer, wine, and spirits is a significant driver of the food-grade alcohol market. People consume alcoholic beverages for various occasions, including celebrations, social gatherings, and everyday consumption.
North America is the leading Market Due to Technological Advancements.
Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. The region particularly the United States and Canada, has been a dominant force in the food-grade alcohol market. Several factors contribute to this dominance, including a well-established alcoholic beverage industry, a high level of consumer demand for a wide range of alcoholic products, and a growing interest in craft and artisanal beverages. Additionally, North America has stringent quality and safety standards, making food-grade alcohol a necessity for compliance.
A recent report thoroughly analyzes the major players operating within the Food Grade Alcohol market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for Food Grade Alcohol.
Key Developments in Food Grade Alcohol Market
- At its Gajraula manufacturing facility in Uttar Pradesh, Jubilant Ingrevia commissioned a new food-grade acetic acid plant that utilizes green ethanol. This plant has been designed to meet the most stringent product certifications, such as FSSAI, ISO 22000, Kosher, Halal, FCC Codex, and others. It is expected to fulfill the rising demand for food preservatives worldwide.
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Key Questions Answered in Food Grade Alcohol Market Report
- What specific growth drivers will impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?
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