Global Food Grade Alcohol oil Market | Key players are Cargill, Inc., Fairly Traded Organics, Ethimex Ltd., Organic Alcohol Company, GLACIAL GRAIN SPIRITS, CHIPPEWA VALLEY ETHANOL COMPANY, Essentica, MGP Ingredients, Altia Industrial and many more

The market size of the Global Food Grade Alcohol oil market in the year 2021 is valued at 5.40 billion and is predicted to reach 8.52 billion by the year 2030 at an 5.5% CAGR during the forecast period.

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Food grade alcohol is primarily utilized in the food and beverage sector as a component in flavorings, extracts, colors, and other goods. Consumption of processed and comfort foods has increased as a result of rising consumer spending and urbanization. As a result of this tendency, demand for food ingredients has increased, while demand for food-grade alcohol has decreased. Additionally, both the production and consumption of alcoholic beverages are growing globally. The growing popularity of alcoholic drinks such as beer, wine, and whiskey in social events has fueled the market expansion. This has also been a significant driver of the ethanol market.

Furthermore, the use of polyols (sugar alcohols) in the pharmaceutical and nutraceutical industries has increased dramatically. The market has gained traction as consumers consume more nutraceuticals in the form of functional meals, dietary supplements, and functional drinks. Because of their coating, sweetening, emollient, bulking, anti-crystallizing, and stabilizing qualities, polyols are employed in a wide range of pharmaceutical and nutraceutical products. Food grade alcohol market growth is likely to be hampered by price volatility in sugarcane, corn, wheat, and other commodities.

List of Prominent Players in the Food Grade Alcohol Market:
Cargill, Inc.
Fairly Traded Organics
Ethimex Ltd.
Organic Alcohol Company
GLACIAL GRAIN SPIRITS
CHIPPEWA VALLEY ETHANOL COMPANY
Essential
MGP Ingredients
Altia Industrial
Highwater Ethanol, LLC
Roquette Frères
Grain Processing Corporation
Fonterra Co-Operative Group
Manildra Group
Other Prominent Player

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Market Dynamics:
Drivers-
Beer is a popular alcoholic beverage, and its production has expanded dramatically over the previous decade. Breweries are turning to barley as a source of food-grade alcohol due to the rising global demand for beer. In the beer sector, the use of alcohol made from barley is expected to account for the significant growth of the market. Over the next five years, the increasing popularity of craft beer and local beer will certainly raise demand for domestic malt. Various factors have contributed significantly to the global market's expansion. Food grade alcohol demand is increasing as a result of expanding westernization and urbanization.

Challenges:
Since the alcohol market is very price-sensitive, even little price increases by the government or other regulating authorities can substantially impact consumption levels. This, in turn, may limit the impact on the food-grade alcohol market for beverage applications, resulting in a drop in demand. The price of food-grade alcohol is determined by fluctuations in raw material supply and product quality. Increasing raw material prices has created one of the most significant hurdles for the food-grade alcohol business. Ingredient expenses have been fluctuating in current years, and this trend is projected to continue in the following years. The prices of crops used to make ethanol, such as corn, wheat, and barley, have been volatile, leading to uncertainty about the volume produced.

Regional Trends:
Europe dominates the food-grade alcohol market due to the rising application in the food and beverage sector to meet the need of a broad consumer base. Furthermore, the key players in the food and beverage industry are constantly aiming to advance new products and implement innovative tactics, which will boost the growth of the region's food-grade alcohol market throughout the forecast period. Meanwhile, North America is expected to see considerable expansion in the food-grade alcohol market due to the increasing popularity of food-grade alcohol among customers and food and beverage makers due to its versatility in the production of a wide range of culinary flavours. Furthermore, the presence of over 2,500 breweries and distilleries where various end-use sectors spend food-grade alcohol is expected to drive the growth of the food-grade alcohol market in the region in the future years.

Recent Developments:
• In Jan 2022, Cargill opened its first innovation centre in India to develop solutions for the food and beverage market. During the forecast period, the company is expected to partner with its F&B customers in India to identify consumer demands, translate global industry trends into local applications and accelerate customer product innovation pipelines.
• In January 2021, MGP Ingredients entered into a binding agreement to buy Luxco (US) and its subsidiaries. Luxco is a market leader in branded beverage alcohol across multiple categories. MGP Ingredients hopes to enhance its scale and market position in the branded-spirits sector as a result of the Luxco purchase.

Segmentation of Food Grade Alcohol Market-
By Nature
• Organic
• Conventional

By Applications
• Spirits
• Vinegars
• Extracts
• Cosmetics & Fragrances

By Functions
• Aromas
• Preservatives
• Solvents
• Disinfectants
• Others

By Source
• Sugarcane
• Wheat
• Rye
• Barley
• Corn
• Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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