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The global alcohol ingredients market is expected to exhibit moderate growth during 2021-2026. Looking forward, the market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026). Alcohol ingredients refer to various colorants, flavors, salts and edible products added to manufacture alcoholic beverages. Alcoholic beverages are primarily manufactured using ethanol, or ethyl alcohol, methanol and isopropanol, which are produced by the fermentation of bacteria or yeast with the sugar present in fruits, grains and vegetables. Wines and ciders are made using a fermented fruit base, while hops, fermented barley and rye are used to make beers and spirits. Various other ingredients, such as bittering and stabilizing agents, enzymes and chemicals, are also added to improve and retain the flavor of these beverages.
A significant increase in the global consumption of alcoholic beverages is one of the key factors driving the growth of the market. Furthermore, rising awareness regarding the benefits of consuming alcohol in moderation among the consumers is providing a thrust to the market growth. Alcoholic beverages are widely consumed as a rejuvenating and recreational drink and controlled consumption is considered beneficial for minimizing the risks of heart and blood pressure-related complications. In line with this, there is a growing demand for premium and super-premium alcoholic drinks, which is increasing the demand for high-quality ingredients. Alcohol manufacturers are emphasizing on using natural and organic ingredients that are free from harmful fertilizers, pesticides and inorganic chemicals. This, in turn, is creating a positive impact on the market growth. Other factors, including the advent of microbreweries that emphasize on sustainable sourcing and alcohol manufacturing practices, along with the proliferation of the online retail sector, which offer easy product availability with a wide range of options to choose from, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global alcohol ingredients market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, ingredient type and beverage type.
Breakup by Ingredient Type:
Breakup by Beverage Type:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Archer Daniels Midland Company, Ashland Inc., Cargill Incorporated, Chr. Hansen Holding A/S., D.D. Williamson & Co., Inc., Doehler, Kerry Group PLC, Koninklijke DSM N.V. and Sensient Technologies Corporation.
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