According to a research report published by Spherical Insights & Consulting, the Global Food Grade Alcohol Market Size Expected to Grow from USD 3.47 Billion in 2023 to USD 4.50 Billion by 2033, at a CAGR of 2.63% during the forecast period 2023-2033.

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Food grade alcohol, which is also called grain alcohol, is the most common form of non-denatured alcohol and can be safely consumed by humans. The use of relatively novel distillation and purification techniques has enhanced the cost and time efficiencies of food grade alcohol production. This has enabled a producer to generate the high-purity alcohol needed without wasting time and meet the increasing demands for such products. The introduction of stringent regulations and quality standards by the governing agencies about the use of safe and pure ingredients in varied industries has facilitated market growth too. The market for food grade alcohol is seen enjoying a bull run and buoyed by the demand from application in various end-use industries, including such as a few as food and beverages, pharmaceuticals, and personal care products. As in the case of the food and beverage segment, alcohol finds wide use for flavoring, preserving, and extracting different food ingredients, whether natural or synthetic, by distilling solvents. The global food processing sector has played a pivotal role in the market. However, the hounding restrictions on the contents of alcohol would keep the introduction of products slow and affect the industry’s progress very badly. Manufacturing food grade alcohol involves meeting requirements for quality and purity laid down by regulatory authorities, thereby enhancing operational costs.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Food Grade Alcohol Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Ethanol and Polyols), By Application (Healthcare & Pharmaceutical, Food, Beverages, Personal Care, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The ethanol segment is projected to hold the largest share of the market during the forecast period.

Based on the product type, the global food grade alcohol market is categorized into ethanol and polyols. Among these, the ethanol segment is projected to hold the largest share of the market during the forecast period. The growth is driven due to grain alcohol obtained from varied sources like sugarcane, sweet sorghum, maize, wheat, potatoes, sugar fruits, and many others. Most commonly, however, ethanol is made through fermentation of corn starch owing to its wide availability. Hence, its use as a solvent, preservative, and flavoring agent has been extensive across food and beverage industries, pharmaceuticals, and personal care products.

The food segment is expected to hold the largest share of the market over the forecast period.

Based on the application, the global food grade alcohol market is categorized into healthcare & pharmaceutical, food, beverages, personal care, and others. Among these, the food segment is expected to hold the largest share of the market over the forecast period. The segmental growth is due to the bakery and confectionery sectors consume a significant share of natural and clean-label products that use food grade alcohol as a type of natural preservative. Cakes, chocolates, and candies have all been enhanced with food grade alcohol to increase flavor and prolong shelf life. In addition, the rise of processed and convenience foods coupled with a shift toward premium and artisanal items has resulted in a much higher rate of usage of natural coloring and flavoring ingredients in various forms. Such ingredients add to the sensory appeal of food products, thus making them more attractive to customers.

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North America is projected to hold the largest share of the global food grade alcohol market over the forecast period.

North America is projected to hold the largest share of the global food grade alcohol market over the forecast period. Food grade alcohol exports are high in the United States, which is home to some of the world’s leading spirits and beer industries. The footprints of these companies in food grade alcohol have increased the regional demand for food grade alcohol. The laws and practices regarding quality ensure that consumers’ high-quality alcohol meets the needs of various end-use industries. This has prompted multinational players to build their plants here to fulfill local demands.

Asia Pacific is expected to grow at the fastest CAGR of the global food grade alcohol market during the forecast period. The increase in disposable income has improved lifestyle significantly for the burgeoning middle class and has ever been increasingly demanding for alcoholic beverages in countries like China, India, and Japan. As local producers collaborate with multinational firms to access advanced technology and know-how, countries like India have experienced phenomenal growth in the craft beer segment, further energized by government regulation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global food grade alcohol market are CHIPPEWA VALLEY ETHANOL COMPANY, Essentica, MGP Ingredients, Altia Industrial, Highwater Ethanol LLC, Roquette Freres, Grain Processing Corporation, Fonterra Co-operative Group, Malindra Group., Archer Daniels Midland Company, Cargill Inc., Fairly Traded Organics, Ethimex Ltd., Organic Alcohol Company, GLACIAL GRAIN SPIRITS, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In April 2022, the brand-new launch on the part of jubilant Ingrevia is its new plant in Gajraula, Uttar Pradesh, that will primarily focus on producing Green Ethanol-based food-grade Acetic Acid.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global food grade alcohol market based on the below-mentioned segments:

Global Food Grade Alcohol Market, By Product Type

• Ethanol
• Polyols

Global Food Grade Alcohol Market, By Application

• Healthcare & pharmaceuticals
• Food
• Beverages
• Personal care
• Others

Global Food Grade Alcohol Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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