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Food Grade Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global food grade alcohol market size reached US$ 8.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

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. 

Food Grade Alcohol Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global food grade alcohol market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, source, function and application.

Breakup by Product:

  • Ethanol
  • Polyols
     

Breakup by Source:

  • Molasses and Sugarcane
  • Fruits
  • Grains
  • Others
     

Breakup by Function:

  • Coatings
  • Preservative
  • Coloring and Flavoring Agent
  • Others
     

Breakup by Application:

  • Healthcare and Pharmaceutical
  • Food
  • Beverages
  • Personal Care
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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).

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
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
Five User License: US$ 3499
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)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Food Grade Alcohol Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Ethanol
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Polyols
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Source
    7.1    Molasses and Sugarcane
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fruits
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Grains
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Function
    8.1    Coatings
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Preservative
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Coloring and Flavoring Agent
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Application
    9.1    Healthcare and Pharmaceutical
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Food
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Beverages
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Personal Care
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Archer-Daniels-Midland Company
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Cargill Incorporated
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 SWOT Analysis
        15.3.3    Cristalco
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Ethimex Ltd
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Extractohol
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Glacial Grain Spirits
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Grain Processing Corporation (Kent Corporation)
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Manildra Group
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    MGP Ingredients Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Molindo Group
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Pure Alcohol Solutions
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Roquette Frères
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 SWOT Analysis
        15.3.13    Wilmar Sugar Pty Ltd. (Wilmar International Limited)
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio

List of Figures

Figure 1: Global: Food Grade Alcohol Market: Major Drivers and Challenges
Figure 2: Global: Food Grade Alcohol Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Food Grade Alcohol Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Food Grade Alcohol Market: Breakup by Product (in %), 2022
Figure 5: Global: Food Grade Alcohol Market: Breakup by Source (in %), 2022
Figure 6: Global: Food Grade Alcohol Market: Breakup by Function (in %), 2022
Figure 7: Global: Food Grade Alcohol Market: Breakup by Application (in %), 2022
Figure 8: Global: Food Grade Alcohol Market: Breakup by Region (in %), 2022
Figure 9: Global: Food Grade Alcohol (Ethanol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Food Grade Alcohol (Ethanol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Food Grade Alcohol (Polyols) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Food Grade Alcohol (Polyols) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Food Grade Alcohol (Molasses and Sugarcane) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Food Grade Alcohol (Molasses and Sugarcane) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Food Grade Alcohol (Fruits) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Food Grade Alcohol (Fruits) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Food Grade Alcohol (Grains) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Food Grade Alcohol (Grains) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Food Grade Alcohol (Other Sources) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Food Grade Alcohol (Other Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Food Grade Alcohol (Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Food Grade Alcohol (Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Food Grade Alcohol (Preservative) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Food Grade Alcohol (Preservative) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Food Grade Alcohol (Coloring and Flavoring Agent) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Food Grade Alcohol (Coloring and Flavoring Agent) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Food Grade Alcohol (Other Functions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Food Grade Alcohol (Other Functions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Food Grade Alcohol (Healthcare and Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Food Grade Alcohol (Healthcare and Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Food Grade Alcohol (Food) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Food Grade Alcohol (Food) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Food Grade Alcohol (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Food Grade Alcohol (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Food Grade Alcohol (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Food Grade Alcohol (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Food Grade Alcohol (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Food Grade Alcohol (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Food Grade Alcohol Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Food Grade Alcohol Industry: SWOT Analysis
Figure 89: Global: Food Grade Alcohol Industry: Value Chain Analysis
Figure 90: Global: Food Grade Alcohol Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Food Grade Alcohol Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Food Grade Alcohol Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Food Grade Alcohol Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: Food Grade Alcohol Market Forecast: Breakup by Function (in Million US$), 2023-2028
Table 5: Global: Food Grade Alcohol Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Food Grade Alcohol Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Food Grade Alcohol Market: Competitive Structure
Table 8: Global: Food Grade Alcohol Market: Key Players


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Key Questions Answered in This Report

The global food grade alcohol market was valued at US$ 8.3 Billion in 2022.

We expect the global food grade alcohol market to exhibit a CAGR of 5% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous production activities for food grade alcohol.

The rising demand for food grade alcohol in the pharmaceutical industry owing to its coating, sweetening, emollient, bulking, anti-crystallizing, and stabilizing properties, is primarily driving the global food grade alcohol market.

Based on the product, the global food grade alcohol market can be categorized into ethanol and polyols. Currently, ethanol accounts for the majority of the total market share.

Based on the source, the global food grade alcohol market has been segregated into molasses and sugarcane, fruits, grains, and others. Among these, molasses and sugarcane currently holds the largest market share.

Based on the function, the global food grade alcohol market can be bifurcated into coatings, preservative, coloring and flavoring agent, and others. Currently, coloring and flavoring agent exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global food grade alcohol market include 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).

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