The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Food Grade Alcohol Global Market Report 2024 offers crucial insights into the food grade alcohol market help businesses analyse and build stronger strategies.

Rising Alcoholic Beverage Consumption

• Increasing consumption of alcoholic beverages propels the food-grade alcohol market.
• Alcoholic beverages often utilize food-grade alcohol derived from various agricultural products.
• Distilled Spirit Council reports a significant increase in revenue and volume of alcoholic beverages in the US.

Key Players in the Market

• Major companies include MGP Ingredients inc., Cargill Incorporated, Archer Daniels Midland Co., and more.

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Innovative Craft Breweries Drive Trends In The Food-Grade Alcohol Market

Craft Brewery Innovations

• Craft breweries drive trends in the food-grade alcohol market with innovative products.
• Hopsteiner launches ALTUS, an alcohol-flavored hop, catering to brewers seeking new aromas and brewing efficiencies.

CIE’s Acquisition of Elkhorn Valley Ethanol Assets

• CIE expands its portfolio by acquiring assets of Elkhorn Valley Ethanol from Louis Dreyfus Company.
• Acquisition increases capacity, expands footprint, and widens customer base of CIE in ethanol production.

Segmentation and Regional Analysis

Market Segmentation

1. By Product: Ethanol, Polyols
2. By Source: Sugarcane And Molasses, Fruits, Grains
3. By Function: Coatings, Preservatives, Flavoring, Other Functions
4. By Application: Spirits, Vinegar, Extracts, Cosmetics, Pharmaceutical, Industrial Application

Regional Analysis

• Asia-Pacific emerges as the largest region in the food-grade alcohol market in 2023.

Future Outlook: Growth and Trends

Strong Growth Expected

• Market size to reach $6.38 billion in 2024 with a CAGR of 5.1%.
• Estimated to grow to $7.83 billion in 2028 at a CAGR of 5.3%.

Driving Forces of Growth

• Emphasis on sustainable and eco-friendly practices in food-grade alcohol production.
• Increased utilization of food-grade alcohol in culinary arts and functional beverages.
• Focus on traceability, transparency, and clean label products.

Emerging Trends

• Innovations in fermentation technologies for improved production processes.
• Rise in demand for clean label products with natural flavor infusions and extracts.
• Research and development efforts to explore new applications of food-grade alcohol.
• Advancements in technology to enhance efficiency and quality in production.

Conclusion

The food-grade alcohol market experiences significant growth driven by the rising consumption of alcoholic beverages and innovations in craft breweries. Companies in the market are focusing on sustainable practices, product diversification, and expanding their portfolios through acquisitions. With a growing interest in clean label products and natural ingredients, the market is poised for continued expansion. Innovations in fermentation technologies and flavor infusions, along with advancements in production methods, will shape the future landscape of the food-grade alcohol market.

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The Food Grade Alcohol Global Market Report 2024  provides a comprehensive outlook of the food grade alcohol market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The food grade alcohol market forecast offers a thorough analysis on food grade alcohol market size, food grade alcohol market share, prominent players and their strategies.

The Table Of Content For The Food Grade Alcohol Market Include:
1. Food Grade Alcohol Market Executive Summary
2. Food Grade Alcohol Market Segments
3. Food Grade Alcohol Market Size And Food Grade Alcohol Market Growth Rate
4. Key Food Grade Alcohol Market Trends
5. Major Food Grade Alcohol Market Drivers
……
25. Key Mergers And Acquisitions In The Food Grade Alcohol Market
26. Top Food Grade Alcohol Companies
27. Food Grade Alcohol Market Opportunities And Strategies
28. Food Grade Alcohol Market, Conclusions And Recommendations
29. Appendix

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