The global food-grade alcohol market is projected to grow at a formidable rate during the forecast period, 2023-2027. The major factor contributing to the growth of the market is rising demand for alcohol in pharmaceuticals for making decongestants, vaccines, cough syrups, and antibiotics. Since food-grade alcohol has low-concentration and grade of alcohol, it is safe for human consumption. Hence, the growing trend of consuming alcohol beverages in social gatherings, owing to growth in urbanization and rise in consumer spending is expected to boost the market growth in the coming years. The use of food-grade alcohol in food & beverage industry as an ingredient in products such as flavourings, extracts, dyes, etc. Hence, the increasing consumption of processed and comfort food, dietary supplements, functional beverages, and nutraceuticals among consumers is anticipated to boost the growth of global food-grade alcohol market in the coming years. Besides, rising use of polyols in numerous pharmaceutical products, owing to their coating, sweetening, emollient, bulking, anti-crystallizing and stabilizing properties are increasing the consumption of food-grade alcohol, which in turn, is driving the growth of the global food-grade alcohol market.
The global food-grade alcohol market is segmented on the basis of type, application, functionality, and region. Based on the type, the market is bifurcated into ethanols and polyols. The ethanol segment is expected to dominate the market, owing to their high demand in alcohol production. Besides, the consumption of alcohol is increasing significantly among young population, which is expected to contribute towards the segment growth in the coming years. Based on source, the market is segmented into sugarcane & molasses, fruits, grains and others. In 2021, the sugarcane & molasses segment dominated the market and is expected to maintain its dominance over the next five years as well due to increasing demand for food grade alcohol from sugarcane & molasses. In 2021, North America region dominated the market in terms of value due to growing population, increasing demand for food, and rising personal disposable income of the population.
Some of the leading players in the global food-grade alcohol market are Cargill, Archer Daniels Midland Company, Fonterra Co-Operative Group, Manildra Group, Cristalco S.A.S, Sigma-Aldrich, Roquette Frères, MGP Ingredients, Grain Processing Corporation, Wilmar International Limited, etc.
Report Scope:
In this report, global food-grade alcohol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Food-grade Alcohol Market, By Type:
- Ethanol
- Polyols
- Food-grade Alcohol Market, By Source:
- Sugarcane & Molasses
- Fruits
- Grains
- Others
- Food-grade Alcohol Market, By Application:
- Food
- Beverages
- Health Care & Pharmaceutical Raw
- Food-grade Alcohol Market, By Functionality:
- Colouring/Flavouring Agent
- Coatings
- Others
- Food-grade Alcohol Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global food-grade alcohol market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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