Food Grade Alcohol Market Size was around USD 11.27 billion in 2018

Posted by miky santhosh on October 8th, 2018

Overview

Alcohol, also referred to as ethanol, is a versatile product with applications starting from food and pharmaceutical to industrial solvents. Alcohol is used in the manufacturing of vinegar, flavors & extracts, sweet glazes, meals dyes, yeast, animal-feed dietary supplements, and various meals spray. The Food grade Alcohol market, based totally on kind, has been segmented into ethanol and Polyols. Ethanol contributes to a bigger market percentage as it is essentially used in the manufacturing of alcoholic beverages. Ethanol is likewise popularly used as a preservative within the food industry to increase the shelf existence of giving up products and in production colorations and flavors for food applications.

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The Global food Grade Alcohol market size become around USD 11.27 billion in 2018. It's predicted to develop at a CAGR of 4.7% to reach USD 14.18 billion by 2023.