Global Food Grade Alcohol Market

Report ID : 1274 | Published : 2022-06-21 | Pages: | Format: PDF/EXCEL

The Global Food Grade Alcohol Market is estimated to reach over USD 8.52 Billion by 2030, exhibiting a CAGR of 5.5% during the forecast period. 

Food grade alcohol is ethyl alcohol that is safe to consume. Food-grade alcohol is also known as food-grade ethanol, non-denatured alcohol, grain alcohol, and Anhydrous Ethanol in the industry. Food-grade ethanol is a potent natural human-safe solvent that can be used in a variety of food-safe applications such as extraction and foods that may come into contact with people. The key driving reason assisting market expansion for food grade alcohol is an increase in consumer income and expenditure, as well as rising urbanization, which is resulting in growth in the processed food market. This increase in demand for food additives creates potential for expansion in the food grade alcohol market. Furthermore, the use of alcoholic beverages as part of social meet and greet events has fueled market growth. Polyols, for instance, are widely used in the pharmaceutical and nutraceutical industries as dietary supplements, functional food and beverages, and sanitization solutions.

Meanwhile, changing raw material prices and strict restrictions are projected to stymie expansion in the food grade alcohol market. However, due to new product development and the shift of associated products from the luxury to the basic’s segments, these barriers are expected to be insignificant in the next years.

Market Segmentation:

The Food Grade Alcohol market is segmented on the basis of nature, application, functions, and sources. Based on nature, the market is categorized as Organic and Conventional. The application segment includes Spirits, Vinegars, Extracts and Cosmetics & Fragrances. By functions, the market is segmented into Aromas, Preservatives, Solvents, Disinfectants and Others. By sources segment, the market is segmented into, Sugarcane, Wheat, Rye, Barley, Corn and Others.

Based on source, the sugarcane segment is accounted as a major contributor in the Food Grade Alcohol market

Sugarcane sources dominated the food grade alcohol market. The need is attributable to the fact that it is a major source of food-grade alcohol manufacturing. Due to extensive raw material availability, key countries sourcing alcohol from sugarcane include Brazil, India, China, and Thailand. Over the projection period, the grains segment is expected to rise at a CAGR. Its consumption in the production of various forms of alcohol is expected to drive growth. Wheat, corn, maize, and rice are some of the grains utilized in the manufacturing of alcohol. Corn and rye are frequently used in the production of whiskey all over the world. The fundamental function of rye grain is to impart flavour to the final product.

The spirits segment witnessed growth at a rapid rate.

The spirit category dominated the market over the forecast period due to a rise in premium/super-premium whiskey consumption and a shift in demand from beer to distilled spirits, including rum, whiskey, vodka, and others. It's made by distilling grains, fruits, vegetables, or sugar that have already been fermented alcoholically. Distilled beverages are often slightly sweet, bitter, and have a scorching feeling, as well as a strong odour from the alcohol; the specific flavour varies depending on the type of liquor and the impurities it contains. As a result of its prompt growth rate and substantial revenue contribution, this segment is anticipated to deliver strong demand stability as well as a considerable return on investment for stakeholders.

In the region, the Europe Food Grade Alcohol market holds a significant revenue share.

Europe held the largest market share. The demand is attributed to an upsurge in food and beverage consumption and expanded regional consumer expenditure. Europe is a large buyer of alcoholic beverages, with demand patterns altering significantly across the continent. Cultural changes, economic development, affordability, and easy access to alcohol are all necessary reasons for the region's high alcohol use. The region of North America, on the other hand, is expected to grow at the fastest rate during the projection period. An increase in the consumption of food products made with food-grade alcohol is predicted to drive the expansion. The product is gaining popularity among customers as well as food and beverage producers due to its adaptability in providing a wide range of culinary flavors.

Competitive Landscape

The key players in the Food Grade Alcohol market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the Food Grade Alcohol market are Cargill, Inc., Fairly Traded Organics, Ethimex Ltd., Organic Alcohol Company, GLACIAL GRAIN SPIRITS, CHIPPEWA VALLEY ETHANOL COMPANY, Essentica, MGP Ingredients, Altia Industrial, Highwater Ethanol, LLC, Roquette Frères, Grain Processing Corporation, Fonterra Co-Operative Group, Manildra Group and Other Prominent Player.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Food Grade Alcohol Market Snapshot

Chapter 4. Global Food Grade Alcohol Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Industry Analysis – Porter’s Five Forces Analysis

4.6. Competitive Landscape & Market Share Analysis

Chapter 5. Market Segmentation 1: By Nature, Estimates & Trend Analysis

5.1. By Nature, & Market Share, 2020 & 2028

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following By Nature:

5.2.1. Organic

5.2.2. Conventional

Chapter 6. Market Segmentation 2: By Applications Estimates & Trend Analysis

6.1. By Applications & Market Share, 2020 & 2028

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following By Applications:

6.2.1. Spirits

6.2.2. Vinegars

6.2.3. Extracts

6.2.4. Cosmetics & Fragrances

Chapter 7. Market Segmentation 3: By Functions Estimates & Trend Analysis

7.1. By Functions & Market Share, 2020& 2028

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following By Functions:

7.2.1. Aromas

7.2.2. Preservatives

7.2.3. Solvents

7.2.4. Disinfectants

7.2.5. Others

Chapter 8. Market Segmentation 4: Source Estimates & Trend Analysis

8.1. Source & Market Share, 2020 & 2028

8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following Source:

8.2.1. Sugarcane

8.2.2. Wheat

8.2.3. Rye

8.2.4. Barley

8.2.5. Corn

8.2.6. Others

Chapter 9. Food Grade Alcohol Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Food Grade Alcohol Market revenue (US$ Million) estimates and forecasts By Nature, 2020-2028

9.1.2. North America Food Grade Alcohol Market revenue (US$ Million) estimates and forecasts By Applications, 2020-2028

9.1.3. North America Food Grade Alcohol Market revenue (US$ Million) estimates and forecasts By Functions, 2020-2028

9.1.4. North America Food Grade Alcohol Market revenue (US$ Million) estimates and forecasts Source, 2020-2028

9.1.5. North America Food Grade Alcohol Market revenue (US$ Million) estimates and forecasts by country, 2020-2028

9.2. Europe

9.2.1. Europe Food Grade Alcohol Market revenue (US$ Million) By Nature, 2020-2028

9.2.2. Europe Food Grade Alcohol Market revenue (US$ Million) By Applications, 2020-2028

9.2.3. Europe Food Grade Alcohol Market revenue (US$ Million) By Functions, 2020-2028

9.2.4. Europe Food Grade Alcohol Market revenue (US$ Million) Source, 2020-2028

9.2.5. Europe Food Grade Alcohol Market revenue (US$ Million) by country, 2020-2028

9.3. Asia Pacific

9.3.1. Asia Pacific Food Grade Alcohol Market revenue (US$ Million) By Nature, 2020-2028

9.3.2. Asia Pacific Food Grade Alcohol Market revenue (US$ Million) By Applications, 2020-2028

9.3.3. Asia Pacific Food Grade Alcohol Market revenue (US$ Million) By Functions, 2020-2028

9.3.4. Asia Pacific Food Grade Alcohol Market revenue (US$ Million) Source, 2020-2028

9.3.5. Asia Pacific Food Grade Alcohol Market revenue (US$ Million) by country, 2020-2028

9.4. Latin America

9.4.1. Latin America Food Grade Alcohol Market revenue (US$ Million) By Nature, (US$ Million)

9.4.2. Latin America Food Grade Alcohol Market revenue (US$ Million) By Applications, (US$ Million)

9.4.3. Latin America Food Grade Alcohol Market revenue (US$ Million) By Functions, (US$ Million)

9.4.4. Latin America Food Grade Alcohol Market revenue (US$ Million) estimates and forecasts Source, 2020-2028

9.4.5. Latin America Food Grade Alcohol Market revenue (US$ Million) by country, (US$ Million) 2020-2028

9.5. Middle East & Africa

9.5.1. Middle East & Africa Food Grade Alcohol Market revenue (US$ Million) By Nature, (US$ Million)

9.5.2. Middle East & Africa Food Grade Alcohol Market revenue (US$ Million) By Applications, (US$ Million)

9.5.3. Middle East & Africa Food Grade Alcohol Market revenue (US$ Million) By Functions, (US$ Million)

9.5.4. Middle East & Africa Food Grade Alcohol Market revenue (US$ Million) estimates and forecasts Source, 2020-2028

9.5.5. Middle East & Africa Food Grade Alcohol Market revenue (US$ Million) by country, (US$ Million) 2020-2028

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. Cargill, Inc.

10.2.2. Fairly Traded Organics

10.2.3. Ethimex Ltd.

10.2.4. Organic Alcohol Company

10.2.5. GLACIAL GRAIN SPIRITS

10.2.6. CHIPPEWA VALLEY ETHANOL COMPANY

10.2.7. Essentica

10.2.8. MGP Ingredients

10.2.9. Altia Industrial

10.2.10. Highwater Ethanol, LLC

10.2.11. Roquette Frères

10.2.12. Grain Processing Corporation

10.2.13. Fonterra Co-Operative Group

10.2.14. Manildra Group

10.2.15. Other Prominent Player

Segmentation of Food Grade Alcohol Market-

By Nature

  • Organic
  • Conventional

By Applications

  • Spirits
  • Vinegars
  • Extracts
  • Cosmetics & Fragrances

By Functions

  • Aromas
  • Preservatives
  • Solvents
  • Disinfectants
  • Others

By Source

  • Sugarcane
  • Wheat
  • Rye
  • Barley
  • Corn
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Global Food Grade Alcohol Market is estimated to reach over USD 8.52 Billion by 2030

CAGR of 5.5% during the forecast period.

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