The Food Grade Alcohol Global Market Report 2023, provides comprehensive information on the food grade alcohol market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s comprehensive Food Grade Alcohol Global Market Report for 2023, we anticipate a notable expansion in the global food grade alcohol market. Commencing at a valuation of $5.76 billion in 2022, this dynamic market is poised to ascend to $6.06 billion in 2023, driven by a robust Compound Annual Growth Rate (CAGR) of 5.1%. Nevertheless, the contemporary global landscape is marked by the repercussions of the Russia-Ukraine conflict, which have cast a shadow over the prospects of a swift economic rebound following the challenging era of the COVID-19 pandemic, at least in the short term.
The ongoing conflict has ushered in a climate of economic sanctions impacting multiple nations, surges in commodity prices, and disruptions in supply chains, which, in turn, have catalyzed inflationary pressures across the spectrum of goods and services. This multifaceted upheaval has left an indelible mark on numerous global markets, food grade alcohol included.
While navigating through these intricate dynamics, the global food grade alcohol market is poised for further growth, with a forecasted size of $7.26 billion by 2027, albeit at a marginally reduced CAGR of 4.6%. This trajectory underscores the market’s resilience and enduring potential amid a complex geopolitical and economic milieu. It is crucial for stakeholders to remain vigilant, adapt, and harness innovative strategies to thrive in this evolving landscape.
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Innovations in craft breweries have emerged as a key trend gaining popularity in the food-grade alcohol market. Major companies operating in the food-grade alcohol market are focused on developing innovative craft breweries to sustain their market position.For instance, in August 2021, Hopsteiner, a US-based hops supplier for breweries, launched ALTUS, an alcohol-flavored hop used in breweries to craft beers. It has notes of spicy tangerine and alpha-acid percentages nearing 20% and a yield of nearly 3,500 PPA. ALTUS is well-known among brewers looking for new aromas and improved brewing efficiencies. It has Super AA varieties that have been the base of brewing, and it was bred to be that versatile hop that works in malt-heavy recipes.
The food grade alcohol market is segmented:
1) Food Grade Alcohol Market By Product: Ethanol, Polyols
2) Food Grade Alcohol Market By Source: Sugarcane and Molasses, Fruits, Grains
3) Food Grade Alcohol Market By Function: Coatings, Preservatives, Flavouring, Other Functions
4) Food Grade Alcohol Market By Application: Spirits, Vinegar, Extracts, Cosmetics, Pharmaceutical, Industrial Application
Top Major Players
Asia-Pacific was the largest region in the food grade alcohol market in 2022.
The table of contents in TBRC’s food grade alcohol market report includes:
1. Executive Summary
2. Food Grade Alcohol Market Characteristics
3. Food Grade Alcohol Market Trends And Strategies
4. Food Grade Alcohol Market – Macro Economic Scenario
5. Food Grade Alcohol Market Size And Growth
……
26. Africa Food Grade Alcohol Market
27. Food Grade Alcohol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Grade Alcohol Market
29. Food Grade Alcohol Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Food Grade Alcohol Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Food Grade Alcohol Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Food Grade Alcohol Market, Segmentation By Function, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…….
Table 47: MGP Ingredients inc. Financial Performance
Table 48: Cargill Incorporated Financial Performance
Table 49: Archer Daniels Midland Co. Financial Performance
Table 50: Cristalco SAS Financial Performance
Table 51: Grain Processing Corporation Financial Performance
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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