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Food grade alcohol market will grow based upon enhanced demand in food and beverages industry with a CAGR of 5.6% till 2023 to reach $13.35 billion available in new report

Materials & Chemicals Research

Demand for food-grade alcohols from various industries, rising trade of alcohol across the globe are some of the key factors fueling the market growth.


imageGlobal Food Grade Alcohol market is expected to grow from $9.06 billion in 2016 to reach $13.35 billion by 2023 with a CAGR of 5.6%. 

However, increasing awareness about the harmful effects of high alcohol consumption and stringent government regulations regarding the food grade alcohol quality are hindering the market growth. The beverage sectors create huge opportunities for the food grade alcohol manufacturers in the Asia Pacific region to innovate new products due to the availability of raw materials.

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Based on Product, the Ethanol segment holds the largest market share due to the huge production of alcoholic beverages. It is a kind of alcohol which is found in alcoholic drinks such as beer, brandy, or whiskey.

Ethanol can be produced from plants and grains such as corn, wheat, barley and milling the grains and fermenting them with yeast. Ethanol is widely used as a preservative in the food industry to increase the shelf life of end products and in manufacturing wide range of alcoholic beverages with diverse functions such as preservative, coloring/flavouring agent, and coatings.

Geographically, Asia Pacific is expected to grow at a fastest CAGR due to the widely used in manufacturing alcoholic beverages, food and healthcare & pharmaceutical products. In addition, rise in the consumption of alcoholic beverages and convenience food products are contributing to the growth of the market in this region with the growing food-processing industry.

Some of the key players in the Food Grade Alcohol market are Roquette Frères, Manildra Group, MGP Ingredients, Wilmar International Limited, Sigma-Aldrich, Archer Daniels Midland Company, Grain Processing Corporation, Cargill, Jiangsu Huating Biotechnology, Fonterra Co-Operative Group and Cistalco S.A.S.

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Sources Covered:
Sugarcane & Molasses
Other Sources

Functionalities Covered:
Coloring/Flavoring Agent
Other Functionalities

Products Covered:

Applications Covered:
Health Care & Pharmaceutical
Chemical Industry

Regions Covered:
North America
Rest of Europe
sia Pacific
New Zealand
South Korea
Rest of Asia Pacific
outh America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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