PUBLISHER: Value Market Research | PRODUCT CODE: 1547893
PUBLISHER: Value Market Research | PRODUCT CODE: 1547893
The global demand for Food Grade Alcohol Market is presumed to reach the market size of nearly USD 4.83 Billion by 2032 from USD 2.93 Billion in 2023 with a CAGR of 5.12% under the study period 2024-2032.
Food grade alcohol or food-grade ethanol is safe for consumption as it is highly pure without any additives. It is produced by fermenting plants, and grains including wheat, barley, and corn. It offers a wide range of applications in food & beverages, healthcare, and pharmaceutical industry. Alcoholic drinks such as beer, whiskey, and brandy contain food-grade alcohol.In the food and beverages industry food-grade, alcohol is applied in the production of candy glazes, food dyes, vinegar, flavors & extracts, and a variety of food sprays.
The global market of the food-grade alcohol is driven by growing applications of the product in food & beverages, healthcare, pharmaceutical, and personal care sector. Moreover, increasing consumption of beer and other alcohol-based beverages and is further boosting the market.Due to the COVID-19 pandemic, the global food-grade alcohol market may experience slump due to decreased production and lowered demand. However, many manufacturers are producing hand sanitizers using food grade alcohol as the demand for hand sanitizers is huge. This factor may support the global market during the pandemic.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Food Grade Alcohol. The growth and trends of Food Grade Alcohol industry provide a holistic approach to this study.
This section of the Food Grade Alcohol market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Food Grade Alcohol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Food Grade Alcohol market include MGP, Cargill, ADM, Cristalco, Grain Processing Corporation, Manildra Group, Wilmar International Ltd., Roquette FrA¨Res, Extractohol, Greenfield Global Inc., Pure Alcohol Solutions, Ethanolsa Pty Ltd., Bartow Ethanol Of Florida, L.C. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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