Market Size of Global Food-grade Alcohol Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Food Grade Alcohol Market Analysis
The global food-grade alcohol market is projected to register a CAGR of 5.7% during the forecast period.
- Ethanol drives the market, as it holds a significant share in the market studied. It has extensive applications in various food categories, such as in the manufacture of flavors and extracts, food dyes, candy glazes, yeast, various sprays, and animal-feed supplements.
- The rising interest for craft beer and other alcoholic beverages, among the individuals, is the major driving force for the market. In addition, the export markets are growing in the developing countries, due to better trade regulations, demographic patterns, and economic growth.
Food Grade Alcohol Industry Segmentation
The food-grade alcohol market is segmented by type, into ethanol and polyols. By application, the market is segmented into food, beverages, and dietary supplements.
Global Food-grade Alcohol Market Size Summary
The food-grade alcohol market is experiencing steady growth, driven primarily by the extensive use of ethanol, which holds a significant share of the market. Ethanol's versatility allows it to be utilized in various food applications, including the production of flavors, extracts, food dyes, and as a preservative to extend the shelf life of products. The increasing popularity of craft beer and other alcoholic beverages is a major factor propelling market expansion. Additionally, the market is benefiting from the growth of export opportunities in developing countries, supported by favorable trade regulations and economic development. Ethanol's role as a natural flavoring agent aligns with the rising consumer preference for products made from natural ingredients, further boosting its demand in the food industry.
North America plays a pivotal role in the food-grade alcohol market, with a significant number of distilleries and breweries utilizing it for various industrial purposes. The confectionery industry, particularly in the United States, employs food-grade alcohol for candy coatings and as preservatives. The market is characterized by its fragmentation, with numerous global and regional players such as Archer Daniels Midland Company, Cargill Inc., MGP Ingredients, and Roquette Freres SA contributing to its competitive landscape. These companies are instrumental in the production of food-grade alcohol, which is essential for manufacturing flavors, extracts, and other food-related products, highlighting the market's dynamic nature and its importance in the global food industry.
Global Food-grade Alcohol Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Ethanol
-
2.1.2 Polyols
-
-
2.2 By Application
-
2.2.1 Food
-
2.2.2 Beverages
-
2.2.3 Dietary Supplements
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
2.3.1.4 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 Spain
-
2.3.2.2 United Kingdom
-
2.3.2.3 Germany
-
2.3.2.4 France
-
2.3.2.5 Italy
-
2.3.2.6 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 India
-
2.3.3.4 Australia
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle East & Africa
-
2.3.5.1 South Africa
-
2.3.5.2 Saudi Arabia
-
2.3.5.3 Rest of Middle East & Africa
-
-
-
Global Food-grade Alcohol Market Size FAQs
What is the current Global Food-grade Alcohol Market size?
The Global Food-grade Alcohol Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)
Who are the key players in Global Food-grade Alcohol Market?
Archer Daniels Midland Company, Cargill, Incorporated, MGP, Roquette Frères and Wilmar International Ltd are the major companies operating in the Global Food-grade Alcohol Market.
