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The global food grade alcohol market reached a value of US$ 7.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.95 Billion by 2027, exhibiting a CAGR of 5.33% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Food grade alcohol is obtained by the fermentation of starch-containing plants, such as cereals, beets, or sugarcane, using yeast cells. It is widely employed in the food and beverage (F&B) industry to serve as a base for distilled spirits, such as vodka, gin and liqueurs, and a solvent for colorants and flavors in different food products. Besides this, it is used by bakers for decorating cakes through airbrushing.
The increasing consumption of alcoholic beverages across the globe represents one of the key factors impelling the growth of the market. Moreover, food grade alcohol is used to extract cannabis oil from hemp or cannabis biomass as it is healthier and safer to handle than other hydrocarbon extraction methods. It is also considered ideal for small, medium, and large-scale hemp processors on account of its high evaporation rate and ease of separation from cannabis oil. Additionally, the rising development of therapies and other consumer products derived from cannabis and its components, including cannabidiol (CBD) is catalyzing the demand for food grade alcohol worldwide. Apart from this, it is extensively utilized in the pharmaceutical industry for decongestants, pills, vitamins, cough syrup preparations, and iodine solutions. This can be accredited to its coating, sweetening, emollient, bulking, anti-crystallizing, and stabilizing properties. Furthermore, there is a rise in the popularity of nutraceutical products on account of their antiviral, anti-inflammatory, and immunomodulatory properties. This, coupled with the burgeoning pharmaceutical industry, is creating a positive outlook for the market. Other factors, including the increasing western influence and rising popularity of craft beer among millennials, are anticipated to facilitate the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global food grade alcohol market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, source, function and application.
Breakup by Product:
Breakup by Source:
Breakup by Function:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Cargill Incorporated, Cristalco, Ethimex Ltd, Extractohol, Glacial Grain Spirits, Grain Processing Corporation (Kent Corporation), Manildra Group, MGP Ingredients Inc., Molindo Group, Pure Alcohol Solutions, Roquette Frères and Wilmar Sugar Pty Ltd. (Wilmar International Limited).
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Source, Function, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Archer-Daniels-Midland Company, Cargill Incorporated, Cristalco, Ethimex Ltd, Extractohol, Glacial Grain Spirits, Grain Processing Corporation (Kent Corporation), Manildra Group, MGP Ingredients Inc., Molindo Group, Pure Alcohol Solutions, Roquette Frères and Wilmar Sugar Pty Ltd. (Wilmar International Limited).|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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