Global Food Grade Alcohol market is valued at USD 2287.2 Million in 2018 and expected to reach USD 2993.6 Million by 2025 with the CAGR of 3.92% over the forecast period.
Increasing demand for food grade alcohol in various food & beverage and health & personal care industries is one of the major factors driving the growth of Global Food Grade Alcohol Market.
Scope of Global Food Grade Alcohol Market Report–
Food grade alcohol means ethyl alcohol that is safe for human consumption because of its purity. Food grade alcohol is useful for so many applications. Most notable applications include hemp and cannabis extraction, botanical tinctures and topical, flavor extracts (vanilla, citrus, root, botanical), mushroom tinctures, chaga dicoctions and others. Alcohol for industrial use was first major product. In addition to providing a stable basis of supply, MGP's food-grade industrial alcohol capabilities offer customers definite advantages. Based on application, food grade alcohol is used as a coloring and flavoring agent in the food and pharmaceutical industries. The proven benefits of polyols have resulted in the increase in the usage of food grade alcohol as an ingredient in the healthcare and pharmaceutical industries. Additionally, increasing application in sterilizing and cleaning of equipment in pharmaceutical industry and in products such as hand wash and sanitizers is anticipated to propel the growth of this market.
Key Players for Global Food Grade Alcohol Market Report–
Global Food Grade Alcohol market Report covers prominent players are like Cristalco, Grain Processing, Malindra, Wilmar International, Roquette Freres S.A., Active Char Products Pvt Ltd, MGP Ingredients, Cargill Incorporated, Archer Daniels Midland Company, Jiangsu Huating Biotechnology and others.
The regions covered in this Global food grade alcohol market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Food Grade Alcohol is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Increasing Demand for Food Grade Alcohol in various food & Beverage and Health & Personal Care Industries is one of the Major Factors Driving the Market Growth.
Major factor driving the growth global food grade alcohol market is increasing demand for food grade alcohol in various food & beverage and health & personal care industries. Food grade alcohol plays an important role in healthcare industry owing to its use in the preparation of medicines. According to food and drugs statistic, many consumers are now demanding that the food and beverage industry have 100% natural labels or use more natural compounds derived from microorganisms, since they are thought to be healthier than the synthetic ones produced by chemical processes. Other applications of food-grade industrial alcohol include household and industrial cleaning solutions, biocides, insecticides and fungicides. As demand for hand sanitizers and soaps is rising in light of the COVID-19 outbreak, major personal care companies are making charitable moves to help ameliorate the crisis. After the U.S. Food and Drug Administration’s (FDA) guidance allowing alcohol companies to produce hand sanitizers, a slew of brands also joined the bandwagon. Personal care organizations such as the Personal Care Products Council (PCPC) are maintaining that the situation is well monitored and that industry is coordinating efforts. However, stringent government regulations regarding the quality of food grade alcohol are anticipated to restrain the market to some extent. In spite of that, alcohol-flavored food products can provide lucrative opportunities for the further growth of the market in the near future.
Global Food Grade Alcohol Market Segmentation:–
By Type:
Ethanol, Polyols
By Application:
Food, Beverages, Healthcare, Pharmaceuticals
By Material:
Sugarcane & Molasses, Grains, Fruits, Others
North America is Expected to Dominate the Global Food Grade Alcohol Market
North America is expected to dominate the global food grade alcohol market owing to rising consumption of beverages in this region. According to the 2018 National Survey on Drug Use and Health (NSDUH), 86.3% of people ages 18 or older reported that they drank alcohol at some point in their lifetime and 70.0 percent reported that they drank in the past year also 55.3 percent reported that they drank in the past month. According to data collected from the 2015 Canadian Tobacco, Alcohol and Drugs Survey (CTADS), 76.9% of Canadians aged 15 and over reported drinking alcohol at least once in the last year. Asia Pacific held a majority share of the global food grade alcohol market in 2016 due to increasing demand from the food & beverage industry in the region. China and India are anticipated to considerably contribute to the development of the Asia Pacific food grade alcohol market.
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Stratistics MRC's report on Global Food Grade Alcohol Market discusses about driving factors, opportunities, source, type, functionality, application, sales channel, and upcoming challenges.
Food-grade alcohols are extensively used in various end use industries such as food & beverages, healthcare, and pharmaceuticals for a variety of applications.
Also, food-grade alcohol is referred to as ethyl alcohol, which is the purest form.
It is generally sourced from sugarcane and abundantly used for commercial applications.
Increased government investments for urbanization and the improved standard of living of consumers have led to an increase in the consumption of food & beverage products.
The strategic investors in the industry should see this as an opportunity to introduce innovative alcohol products to cater to the changing demands of manufacturers in this market.
A recent market report published by FMI on the Food Grade Alcohol Market provides global industry analysis for 2015-2019 & forecast for 2020-2030.
After conducting thorough research on the historical, as well as current growth parameters of the Food Grade Alcohol Market, the growth prospects of the market are obtained with maximum precision.Market TaxonomyThe global Food Grade Alcohol Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.NatureOrganicConventionalApplicationSpiritsVinegarsExtractsCosmetics & FragrancesFunctionAromasPreservativesSolventsDisinfectantsOthersSourceSugarcaneWheatRyeBarleyCornOthersRegionNorth AmericaLatin AmericaEuropeMiddle East & Africa (MEA)East AsiaSouth AsiaOceaniaDownload Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11155Report ChaptersChapter 01 – Executive SummaryThe report begins with the executive summary of the Food Grade Alcohol Market, which includes a summary of the key findings and statistics of the market.
It also includes graphical representation of the segments according to market size and growth rate.Chapter 02 – Market OverviewReaders can find detailed taxonomy and definition of the Food Grade Alcohol Market in this chapter, which will help them understand the basic information about food grade alcohol present in the market.
Furthermore, absolute $ opportunity projections have also been provided.Chapter 08 – Market BackgroundThis chapter explains the key forecast factors that are expected to influence the growth of Food Grade Alcohol Market over the forecast period.
This chapter also highlights the key market dynamics of the Food Grade Alcohol Market, which include the drivers, restraints, opportunities, and trends.
This section also includes value chain analysis.This chapter also provides details about the impact of COVID-19 on the global Food Grade Alcohol Market.
