Alcohol Ingredients Market is Expected Huge Growth of CAGR by Forecast to 2025

Alcohol beverages are drinks with a considerable amount of ethanol and the content of alcohol varies depending upon the beverage type. The various types of alcohols are beer, spirits, wine, whisky, and brandy and their ingredients are primarily produced from yeast, starch, enzymes, and others. According to new research conducted by the Centre for Addiction and Mental Health, the total volume of alcohol consumed per year increased by as much as 70% between 1990 and 2017 in the middle-income countries especially in Asia-Pacific. This rise in trend can be associated with increase in purchasing power of the consumers, rise in population, economic development, and improved marketing and branding of alcoholic beverages.

With rise in young population globally, socializing is on the rise. The number of pubs, bars, and breweries serving alcoholic beverages have increased extensively owing to the demand generated by young consumers, competitive pricing, and a proliferation of options. This phenomenon has led to an increase in the consumption of alcoholic beverages thereby driving the growth of the alcohol ingredients market. The consumption pattern has witnessed substantial growth, especially for beer market over the past 50 years. This change was a result of several factors including, income growth, economic liberalization, growth in beer production, and rapid growth in trade. Rapid rise of alcohol consumption in the emerging economies has positively impacted the demand for alcohol ingredients. However, factors that include government regulations such as making cheap alcohol less available and anti-alcohol campaigns restrain the growth of the alcohol ingredient market. On the contrary, shifting demographics and rise in demand for alcohol in emerging markets as per changing tastes and preferences of consumers, can be viewed as an opportunity for launching innovative products to expand the market base.

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The market is segmented based on ingredient type, beverage type, and region. Based on ingredient type, it is classified into yeast, starch, enzymes and others. Based on beverage type, it is categorized into beer, wine, whiskey, spirits and others. Based on region, it is studied across North America, Asia-Pacific, Europe and LAMEA.

The major players in the alcohol ingredient market include Archer Daniels Midland Company, MGP ingredients, Doehler, Cargill, Incorporated, Sensient Technologies Corporation, Ashland, Kerry Group PLC, Synergy Flavours, and Chr. Hansen Holding A/S.

KEY BENEFITS FOR STAKEHOLDERS:

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the alcohol ingredients market to elucidate the prevailing opportunities and tap the investment pockets.
It offers qualitative trends as well as quantitative analysis of the global market from 2018 to 2025 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the type of alcohol ingredients used for various beverages.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
Key market players are profiled to understand the competitive outlook of the market.

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KEY MARKET SEGMENTS

By Ingredient Type:
Yeast
Starch
Enzymes
Others

By Beverage Type:
Beer
Wine
Whiskey
Spirits
Gin
Rum
Tequila
Brandy
others
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Spain
Rest of Europe
Asia-Pacific
India
Chin
Australia
Japan
Rest of Asia-Pacific
LAMEA
Turkey
Brazil
Saudi Arabia
South Africa

Key players include:
Archer Daniels Midland Company
MGP ingredients
Doehler
Cargill, Incorporated
Sensient Technologies Corporation
Ashland
Kerry Group PLC
Synergy Flavours
Chr. Hansen Holding A/S.

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