USD 2.21 billion
Food Grade Alcohol Market Size, Share, Growth Analysis, By Type(Ethanol, Polyol, and others), By Source(Grains, fruits, sugarcane, and others), By Application(Beverages, Health and pharmaceutical, foods and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2159 |
Region:
Global |
Published Date: July, 2024
Pages:
184
|Tables:
91
|Figures:
76
Food Grade Alcohol Market Insights
Global Food Grade Alcohol market size was valued at USD 2.21 billion in 2022 and is poised to grow from USD 2.30 billion in 2023 to USD 3.20 billion by 2031, at a CAGR of 4.21% during the forecast period (2024-2031).
Food Grade Alcohol is becoming popular since They are specifically produced and purified for use in food and beverage products. The various advantages offered by the food-grade alcohol market are safety, versatility, shelf life, extension, flavor enhancement, and increased demand.
It also have antimicrobial properties that can be utilized as a natural preservative to extend the shelf life of food products. When added to food and beverages, they act as a barrier against the growth of microorganisms such as bacteria and fungi. This is because alcohol molecules can penetrate the cell walls of these microorganisms, thereby destroying them and preventing their growth. The ability of food grade alcohols to inhibit the growth of microorganisms can significantly increase the shelf life of food products, reducing the need for other synthetic preservatives. The use of natural preservatives, such as food grade alcohols, is becoming increasingly important due to consumer demand for healthier and more natural ingredients. Furthermore, food grade alcohols are also effective in preventing spoilage and degradation of food products caused by oxidation. They act as an antioxidant, preventing the breakdown of fats and oils in food, thereby maintaining the quality and freshness of the product for longer periods.
US Food Grade Alcohol Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Beverages.
Fastest Growth
Healthcare and pharmaceuticals.
Growth Rate
4.21% CAGR
Global Food Grade AlcoholMarket 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Food Grade Alcohol Market Segmental Analysis
Global Food Grade Alcohol market is segmented on the basis of Types, sources, applications, and region. By Type, the market is segmented into Ethanol, polyols, and others. By Source, the market is segmented into Grains, fruits, sugarcane, and others. By Application, the Food Grade Alcohol Market is segmented into Beverages, food, healthcare and pharmaceutical, personal care and cosmetics and others. By region, the Food Grade Alcohol Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Food Grade AlcoholMarket By Application 2021(%)
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Food Grade Alcohol Market Regional Insights
The food-grade alcohol market is currently led by North America due to its high demand for alcoholic beverages and natural food ingredients. However, the Asia Pacific region is emerging as the fastest-growing market for food-grade alcohol, attributed to factors such as the growing population, increasing disposable incomes, and rising demand for processed food and beverages in the region.
Global Food Grade AlcoholMarket By Geography, 2021-2030
- Largest
- Fastest
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Food Grade Alcohol Market Dynamics
Food Grade Alcohol Market Drivers
Increasing demand for Alcoholic Beverages is Boosting The Food Grade Alcohol Market
- The food-grade alcohol market is experiencing growth due to the increasing demand for alcoholic beverages globally. Food-grade alcohols are essential ingredients in the production of various alcoholic beverages such as wine, beer, and spirits, which are gaining popularity. This demand is driving the growth of the food-grade alcohol market as manufacturers are increasing their production of these alcohols to meet the demand for alcoholic beverages.
Food Grade Alcohol Market Restraints
Stringent Regulations to Hinder Market Growth
- Strict regulations and certifications are imposed on food grade alcohol to guarantee its safety for human consumption. Compliance with these regulations and certifications may result in increased production costs and restricted availability of the product.
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Food Grade Alcohol Market Competitive Landscape
In the food grade alcohol market, there are multiple prominent players competing with each other. These players consistently focus on improving their product quality and expanding their range of products by investing in research and development. They also invest heavily in marketing and advertising activities to increase their brand recognition and capture a larger market share. To stay competitive, companies are implementing diverse strategies like partnerships, mergers and acquisitions, and developing innovative products. Additionally, expanding their distribution networks is a crucial factor for market players to reach more customers.Furthermore, the regulatory requirements for the production, packaging, and labeling of food grade alcohols also play a critical role in shaping the competitive landscape. Companies must adhere to various standards and regulations, and non-compliance can result in penalties and reputational harm. With the growing demand for natural and organic food products, alcoholic beverages, and medicines, the competitive scenario is expected to remain intense in the foreseeable future. As a result, the market presents significant growth prospects, and companies are implementing various strategies to take advantage of these opportunities and maintain a competitive edge.
Food Grade Alcohol Market Top Player’s Company Profiles
- Archer Daniels Midland Company
- Roquette Frères
- Cargill, Incorporated
- MGP Ingredients
- Sigma Aldrich
- Wilmar International Limited
- Fonterra Co-operative Group
- Manildra Group
- GrainCorp
- Cristalco SAS
- Jiangsu Huating Biotechnology Co. Ltd.
- Greenfield Global Inc.
- The Andersons Inc.
- Grain Processing Corporation
- Biofuel Systems Group Ltd.
- Miteni SpA
- Jilin Province Hongjiu Bioengineering Co. Ltd.
- Pure Alcohol Solutions Inc.
- Extractohol
- Groupe Alimentaire Miron
Food Grade Alcohol Market Recent Developments
- In January 2024, Associated Alcohols & Breweries, a prominent player in the alco-beverage sector and a key entity within the esteemed Associated Kedia Group, unveiled its latest offering: 'NICOBAR', a meticulously crafted premium gin.
- In January 2024, Nestle and KosmodeHealth are exploring product innovation strategies to enhance their partnership and increase value creation.
- In September 2023, DoorDash has extended its partnership with Aldi for alcohol delivery to 1,200 stores across 21 states. This expansion of their collaboration was announced in a press release on Monday, September 18, as part of DoorDash's broader efforts to enhance its range of services while its competitor Instacart gears up for its initial public offering (IPO).
- In September 2023, Greenfield Global Inc., a prominent provider of high-purity and specialty alcohols, solvents, and custom solutions, has entered into a partnership with REMET Alcohols, Inc. This collaboration aims to meet the increasing demand in California and the Western US for bulk and packaged high-purity alcohol as well as denatured alcohol.
Food Grade Alcohol Key Market Trends
- The rise in the number of craft distilleries is boosting the demand for food-grade alcohol as these distilleries require unique and high-quality ingredients to distinguish themselves from larger distilleries.
Food Grade Alcohol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Our analysis of the global Food Grade Alcohol market indicates that there will be substantial growth during the forecast period due to the several benefits it offers, including safety, versatility, shelf-life extension, flavor enhancement, and increasing demand in a growing market. Food-grade alcohols are crucial ingredients in the production of various alcoholic beverages such as wine, beer, and spirits, which are increasingly popular. The growth in demand for these beverages is fueling the expansion of the food-grade alcohol market as manufacturers ramp up their production to meet the demand.
However, strict regulations and certifications must be adhered to in the production of food-grade alcohol to ensure its safety for human consumption. These regulations and certifications can potentially constrain the market's growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.21 billion |
| Market size value in 2031 | USD 3.20 billion |
| Growth Rate | 4.21% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Food Grade Alcohol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Food Grade Alcohol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Food Grade Alcohol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Grade Alcohol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Grade Alcohol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Grade Alcohol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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