Food Grade Alcohol Market in Global Industry: Demands, Insights, Research

Posted by nileshdbmr on May 22nd, 2021

Global food grade alcohol market is expected to be growing at a growth rate of 6.5% in the forecast period of 2021 to 2028.

Food-grade alcohol, also known as ethyl alcohol can be defined as a special kind of alcohol that is used as a source material or raw material in various applications such as food, beverages, pharmaceutical, personal care for the manufacturing of industry-associated products. This alcohol is generally sourced from natural food ingredients and provides different levels of functioning according to its variety of applications.

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Key Market Competitors: Global Food Grade Alcohol Market

Few of the major competitors currently working in the food grade alcohol market are Archer Daniels Midland Company; Roquette Frères; MGP; Fonterra Co-operative Group; GREENFIELD GLOBAL INC.; Jiangsu Hua Ting Biological Technology Co., Ltd.; Cristalco; Lab Alley; The Andersons, Inc.; Wilmar International Ltd; Grain Processing Corporation; Cargill, Incorporated; Manildra Group; Merck KGaA; Puhoi Organic Distillery; Extractohol; Spectrum Chemical Manufacturing Corp. and The Northern Maine Distilling Company.

Segmentation: Global Food Grade Alcohol Market

•          By Type (Ethanol, Polyols)
•          By Source (Grains, Fruits, Sugarcane & Molasses, Others)
•          By Application (Food, Beverages, Healthcare & Pharmaceutical, Personal Care, Others)
•          By Functionality (Coatings, Preservative, Coloring/Flavouring Agent, Others)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis: Global Food Grade Alcohol Market

Global food grade alcohol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of food grade alcohol market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

•          Increased consumption of alcohol products and a significant rise in alcohol trading globally are factors driving the growth of the market
•          Rise in the levels of alcohol consuming population along with a rise in the levels of disposable income of individuals; this factor is expected to positively affect the growth of the market