The Business Research Company’s Grain Alcohol Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Grain Alcohol Global Market Report 2023 evaluates grain alcohol market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global grain alcohol market has witnessed a substantial expansion, with its market size increasing from $13.42 billion in 2022 to $14.18 billion in 2023, signifying a noteworthy compound annual growth rate (CAGR) of 5.7%. However, the reverberations of the Russia-Ukraine conflict have cast a shadow over the prospects of a swift global economic recovery from the COVID-19 pandemic, at least in the short term. The ongoing hostilities between these two nations have prompted the imposition of economic sanctions on numerous countries, fostering a notable upswing in commodity prices and sparking disarray within supply chains. This has, in turn, engendered inflationary pressures across goods and services, exerting far-reaching influence on diverse markets across the globe.
Nevertheless, despite these challenging circumstances, the grain alcohol market remains poised for continuous expansion, as forecasts predict a market size of $17.86 billion by 2027, underpinned by a steadfast CAGR of 5.9%. This trajectory underscores the resilience and adaptability of the industry, reflecting its unwavering commitment to growth and innovation. In summary, while the geopolitical landscape poses hurdles, the grain alcohol sector continues to forge ahead on its path of sustainable growth.
The grain alcohol market segments in the report are:
1) By Source: Sugarcane, Grains, Fruits, Other Sources
2) By Type: Ethanol, Polyols
3) By Application: Beverages, Food, Pharmaceutical And Health Care, Other Applications
4) By Functionality: Preservative, Colouring/Flavouring Agent, Coatings, Other Functionalities
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The table of contents in TBRC’s grain alcohol market report includes:
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Top 5 Major Key Players Are:
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