Press release
Food-Grade Alcohol Market by Type, Application, and Packaging, Worldwide Opportunity Analysis and Industry Forecast 2032
Food Grade Alcohol Market size was valued at USD 2.2 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030.The research offers a fundamental overview of the market, complete with definitions, categorizations, and industry chain diagrams. The Food-Grade Alcohol market analysis for the global markets is provided, together with information on major regions' growth status, competitive landscape analysis, and development trends. In addition to discussing development policies and goals, manufacturing procedures and cost structures are also examined. The consumption of imports and exports, supply and demand, price, revenue, and gross margins are also included in this report.
It is projected that a rise in the market for spirits and beers in various economies would fuel demand for the product. The ethanol market is anticipated to increase in tandem with the expansion of the food processing sector. The product's predicted market expansion would be fueled by growing applications in personal care, healthcare, and pharmaceuticals.
Food-grade alcohol for extraction and foods that may come into touch with people are just two of the many food-safe applications for this potent natural human-safe solvent. Because of this, food-grade ethanol is particularly helpful in the kitchen, lab, and workshop. Denatured alcohol is of lower grade and includes hazardous compounds. Alcohol that has been denatured cannot be replaced for non-denatured alcohol, although the opposite is also true.
The demand for the product is being further boosted by rising beverage consumption and the sale of alcoholic drinks. Alcohol is a crucial component in the production of vinegar, yeast, extracts, and tastes. The proliferation of ready-to-eat foods and changing eating patterns have raised the need for ethanol in the food business to extend the shelf life of the product.
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Global Food-Grade Alcohol Market: Segmentations
Global Food-Grade Alcohol Market: By Key Players
Archer Daniels Midland
Cargill
MGP Ingredients
Jiangsu Huating Biotechnology
RoquetteFreres
Fonterra Co-operative
Cristalco
Grain Processing
Wilmar International
Manildra
Global Food-Grade Alcohol Market: By Types
Sugarcane & Molasses
Grains
Fruits
Global Food-Grade Alcohol Market: By Applications
Food
Beverage
Health Care & Pharmaceuticals
Global Food-Grade Alcohol Market: Regional Analysis
The countries covered in the regional analysis of the Global Food-Grade Alcohol market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Questions Answered in This Report
1. What has been the impact of COVID-19 on the global food grade alcohol market?
2. What are the key factors driving the global food grade alcohol market?
3. What are the key regions in the global food grade alcohol market?
4. Who are the key players/companies in the global food grade alcohol market?
5. What was the size of the global food grade alcohol market in 2023?
6. What is the expected growth rate of the global food grade alcohol market during 2023-2032?
7. What is the breakup of the global food grade alcohol market based on the product?
8. What is the breakup of the global food grade alcohol market based on the source?
9. What is the breakup of the global food grade alcohol market based on the function?
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