Grain Alcohol Market to receive overwhelming hike in Revenues by 2021-2031

COVID-19 Impact on Grain Alcohol Market

On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the grain alcohol market.

For More Information: https://www.transparencymarketresearch.com/grain-alcohol-market.html

Key Drivers and Restraints of Grain Alcohol Market

Grain alcohol is primarily used in the food & beverages industry. Beer consumption has increased exponentially of late. Therefore, major market players and local manufacturers are sourcing grain alcohol from barley. Additionally, rise in popularity of craft beer and locally manufactured beer among youngsters is expected to propel the demand for alcoholic beverages. Changing lifestyle, rapid urbanization, increase in consumption rate of alcoholic drinks, high disposable income, and rise in popularity of beer among the millennial population are some of the factors driving the global grain alcohol market. Furthermore, introduction of innovative flavors and new ingredients, such as fruity tart and salty flavors, in craft beers is propelling the grain alcohol market.
Alcohol manufactured from barely is projected to account for large share of the market in the near future. Rise in popularity of craft beer and local beer is likely to further boost the demand for domestic malt over the next few years.

Request For Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84220

Grain Alcohol: Type Segment

In terms of type, the global grain alcohol market can be divided ethanol and polyols
The ethanol segment is projected to hold major share of the global grain alcohol market during the forecast period. Ethanol is widely used in the food industry as a flavoring and coloring agent and in candy glazing. It finds applications in the bakery & confectionery industry apart from beverages. Owing to properties such as solubility, high octane number, and antimicrobial activity, ethanol plays an important role in the food industry. It is used to manufacture flavors & extracts, food dyes, and candy glaze, among others
The polyols segment is projected to follow the ethanol segment during the forecast period. Polyols are sugar alcohols, such as sorbitol, lactitol, and xylitol, which are found in sugar-free products. High demand for sugar-free products is driving the global grain alcohol market.

Request for Covid19 Impact Analysis: https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=84220

Grain Alcohol: Application Segment

Based on application, the global grain alcohol market can be segmented into food & beverages, pharmaceutical, and others
The food & beverages segment is projected to gain higher share of the global market during the forecast period. Grain alcohol is also used to make other alcoholic drinks such as liqueurs. Growth in the number of breweries in the last few years has been a prominent factor of the market growth.
The pharmaceutical segment is projected to hold key share of the global grain alcohol market in the near future. Alcohol is used in the pharmaceutical industry in a variety of manufacturing processes. It has bactericidal activity and is often used as a topical disinfectant, especially in alcohol gels. It is also widely used as a solvent and preservative in pharmaceutical preparations. Rise in usage of grain alcohol in the pharmaceutical industry is likely to boost the market during the forecast period.

Buy Now : https://www.transparencymarketresearch.com/checkout.php?rep_id=84220<ype=S

Europe to Hold Leading Share of Grain Alcohol Market

In terms of region, the grain alcohol market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Europe is expected to hold major share of the global grain alcohol market, followed by Asia Pacific and North America, during the forecast period. The grain alcohol market Europe is the largest in the world, and despite very high per capita consumption levels, market growth has remained attractive and stable. Presence of a large food & beverage industry offers the grain alcohol market in Europe a prominent consumer base with opportunistic growth prospects. Europe is the one of the largest markets for sugar polyols. Consumer demand for low-calorie food is high. The food industry prefers sugar polyols, which are similar to sugar but with low-calorie value. These sugar polyols act as bulking agents, which provide the mass required and sweeten the product without adding any additional calories.

Explore Transparency Market Research's award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/waterproofing-admixture-market-to-expand-at-cagr-of-7-9-during-forecast-period-observes-tmr-study-301481748.html

Key Manufacturers Operating in Grain Alcohol Market
The grain alcohol market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the grain alcohol market include:

ADM
Cargill
Roquette Frères
MGP Ingredients
Cristalco
Grain Processing Corporation
Wilmar Group

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.