Grain Alcohol Market worth $ 12.8 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Grain Alcohol Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global grain alcohol market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2030. Factors such as the proliferating worldwide production and consumption of a variety of different alcoholic beverages; ; the increasing effects of rapid westernization & urbanization leading to the enhanced demand for grain alcohol in various countries; the rising demand for food products containing grain alcohol among consumers across the world; and the soaring demand for pharmaceuticals & disinfectants are predominantly contributing to the growth of the global grain alcohol market.

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According to type, the polyols segment is expected achieve the highest CAGR in the market during the forecast period. The growing application of different types of polyols in the food & beverage industry is the major factor driving the segment’s growth. According to application, the beverages segment is anticipated to register the highest growth rate in the market during the forecast period. The burgeoning production, consumption, and demand of different alcoholic beverages across the globe is primarily fueling the growth of this particular segment.

Geographically, the European region acquired the largest share of the global grain alcohol market in 2020. The region is predicted to further maintain its lead in the market during the forecast period of 2021-2030. The U.K, Germany, France, and Italy are among the key contributors to the growth of the market in the region. On the other hand, the Asia Pacific region is projected to witness the highest growth in the global grain alcohol market during the forecast period. Countries such as India, China, and Australia are among the key contributors to the growth of the market in the region

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Some of the major grain alcohol companies profiled in the report include Grain Processing Corporation, Wilmar Group, Cargill, Merck Group, Manildra Group, ADM, Roquette Frères, MGP Ingredients,Cristalco, and Glacial Grain Spirits.

The global grain alcohol market is segmented into type, application, source, functionality, and region. Based on source, the market is bifurcated into ethanol, and polyols. Based on application, it is classified into beverages, food, and pharmaceutical & health care. Based on source, it is classified into sugarcane, grains, fruits, and other sources. The other sources segment is further categorized into corn and rice. Based on functionality, it is classified into preservative, coloring/flavoring agent, coating, and other functionalities. The other functionalities segment is further categorized into solubility, antifreeze, flammability, and volatility.

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The global grain alcohol market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Grain Alcohol Market

• On the basis type, the polyols segment is expected achieve the highest CAGR in the market during the forecast period.
• On the basis of application, the beverages segment is anticipated to register the highest growth rate in the market during the forecast period.
• On the basis of region, European acquired the largest share of the global grain alcohol market in 2020. The region is predicted to further maintain its lead in the market during the forecast period of 2021-2030.
• On the basis of region, the Asia Pacific region is projected to witness the highest growth in the global grain alcohol market during the forecast period.

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About xResearch:
xResearch is a leading independent provider of strategic and analytical market research. We create data and analysis on thousands of products and services around the world. Our market research reports empower companies with strategic data, analysis and consumer trends in a single resource.

We unite the most profound insight over the vastest arrangement of capital-escalated businesses and markets. By interfacing information crosswise over factors, our analysts give our clients a wealthier, profoundly incorporated perspective of their industry. With experienced domain experts, xResearch strives to provide best solutions and accurate forecast which enables the client to take informed decisions.

This release was published on openPR.