Food Grade Alcohol Market CAGR Projected to Grow at 7% through 2019 - 2028Posted by ankush Nikam on March 25th, 2020 VALLEY COTTAGE -- Food grade alcohol market is projected to exhibit robust growth at approximately 7% CAGR over the forecast period (2019-2028). Major manufacturers continue to innovative beverage products to match the shifting preferences and heightening demand from consumers. FMI projects the global revenue pool to exceed approximately US$ 5.8 Bn by 2028 end. "Role of food grade ethanol as a food and beverages preservative is fuelling the market growth. Further, manufacturers utilize food grade ethanol to enhance the flavor and color of food products. In some applications, it is used as a food coating agent. Hence, diverse functional properties of food grade alcohol are highly favored by manufacturers," finds FMI analysis. Key Takeaways of Food Grade Alcohol Market Study
Food Grade Alcohol Market - Key Growth Factors
Food Grade Alcohol Market - Key Restraints
Competitive Landscape Global food grade alcohol market is a highly competitive landscape. Premier companies featured in this FMI study include, but are not limited to, Fonterra Co-operative Group, Sigma-Aldrich, Roquette Freres S.A., MGP Ingredients (US), Archer Daniel Midland Company, and Cargill Incorporated. In order to boost growth, key players are undertaking expansion strategies. Mergers and acquisitions continue to be primary strategic choice for business expansion. Moreover, Asia Pacific will be the regional focus area for market players through the duration of forecast period. More about the Report This Future Market Insights study of 200 pages provides all-inclusive insights on the global food grade alcohol market. The market analysis is based on product type (ethanol, polyol), application (food & beverages, pharmaceuticals, personal care) across six regions (North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa, Japan). Press-release Source - https://www.accesswire.com/582253/Food-Grade-Alcohol-Market-Pegged-at-7-CAGR-through-2028-Food-Beverages-Industry-Accounts-for-a-Majority-of-Demand-Future-Market-Insights About Us Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends. Contact Us Like it? Share it!More by this author |