Global Food Grade Alcohol Market Size, Share, Growth Analysis, By Type(Ethanol, Polyol), By Source(Grains, fruits), By Application(Beverages, Health and pharmaceutical)

Description

Market Insights

Food Grade Alcohol Market size was valued at USD 2.2 billion in 2021 and is poised to grow from USD 2.29 billion in 2022 to USD 3.21 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).

The Food Grade Alcohol Market is experiencing significant growth due to rising consumer demand for safe and high-quality food products. Food grade alcohol, also known as ethanol, is used in various food and beverage applications, including flavorings, food preservatives, and extracts. Stringent food safety regulations and increasing awareness about foodborne illnesses are driving the adoption of food grade alcohol as a key ingredient in the food and beverage industry. Additionally, the growing trend of clean-label and natural products is further boosting the market's expansion.

Top-down and bottom-up approaches were used to estimate and validate the size of fppd grade alcohol market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Food Grade Alcohol Market Segmental Analysis

Global Food Grade Alcohol market is segmented on the basis of Types, sources, applications, and region. By Type, the market is segmented into Ethanol, polyols, and others. By Source, the market is segmented into Grains, fruits, sugarcane, and others. By Application, the Food Grade Alcohol Market is segmented into Beverages, food, healthcare and pharmaceutical, personal care and cosmetics and others. By region, the Food Grade Alcohol Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Driver

The Food Grade Alcohol Market is witnessing growth as a result of the surging global demand for alcoholic beverages. Food grade alcohols play a crucial role in the production of various alcoholic drinks like wine, beer, and spirits, which are gaining increasing popularity among consumers. This rising demand for alcoholic beverages is a significant driver propelling the growth of the food grade alcohol market. Manufacturers are scaling up their production of these alcohols to meet the growing needs of the alcoholic beverage industry.

Restraints

The Food Grade Alcohol Market faces challenges due to the imposition of strict regulations and certifications to ensure the safety of alcohol for human consumption. Adhering to these regulations and obtaining the necessary certifications may lead to higher production costs and limited availability of the product. These constraints pose obstacles for market players looking to enter or expand within the food grade alcohol industry. Compliance efforts are crucial to meet the required standards, but they also require careful management to maintain market competitiveness and profitability.

Trends

The global food grade alcohol market is witnessing an upsurge in demand due to the increasing number of craft distilleries. These distilleries seek distinctive and top-notch ingredients to set themselves apart from larger establishments. As a result, the demand for food-grade alcohol, which meets stringent quality standards, has been on the rise. Craft distilleries' focus on uniqueness and premium products is driving the need for food grade alcohol, further fueling the growth of the market.

Product Code: SQMIG15E2159

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Food Grade Alcohol Market by Type

Market Overview
Ethanol
Polyol
and others

Global Food Grade Alcohol Market by Source

Market Overview
Grains
fruits
sugarcane
and others

Global Food Grade Alcohol Market by Application

Market Overview
Beverages
Health and pharmaceutical
foods and others

Global Food Grade Alcohol Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Archer Daniels Midland Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Roquette Freres
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cargill, Incorporated
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
MGP Ingredients
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sigma Aldrich
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wilmar International Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fonterra Co-operative Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Manildra Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GrainCorp
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cristalco SAS
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jiangsu Huating Biotechnology Co. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Greenfield Global Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Andersons Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Grain Processing Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Biofuel Systems Group Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Miteni SpA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jilin Province Hongjiu Bioengineering Co. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Pure Alcohol Solutions Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Extractohol
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Groupe Alimentaire Miron
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Food Grade Alcohol Market Size, Share, Growth Analysis, By Type(Ethanol, Polyol), By Source(Grains, fruits), By Application(Beverages, Health and pharmaceutical) - Industry Forecast 2023-2030