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Alcohol Ingredients Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : AngelYeast Co. Ltd., Ashland Global Holdings Inc., Bio Springer SA, Cargill Incorporated, Chr. Hansen Holding A/S, Diageo Plc
Alcohol Ingredients Market
Alcohol Ingredients Market Size, Growth Rate, And Forecast
The global alcohol ingredients market size is expected to grow from $1.87 billion in 2022 to $2.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global alcohol ingredients market size is expected to grow to $2.91 billion in 2027 at a CAGR of 9.1%.
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Alcohol Ingredients Market Drivers
The rising consumption of alcohol is significantly contributing to the growth of the alcohol ingredients market going forward. The consumption of alcohol is increasing mainly due to rise in stress, increased availability of alcohol, boredom, and alcohol's view as socially acceptable. Alcoholic beverage production uses alcoholic ingredients like yeast, enzymes, and colorants.
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Alcohol Ingredients Market Segments
1) By Ingredient Type: Colorants, Yeast, Flavors and Salt, Enzymes, Other Ingredient Types
2) By Application: Whiskey, Beer, Wine, Brandy, Spirits, Other Applications
3) By Distribution Channel: On-Trade Channels, Off-Trade Channels
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Alcohol Ingredients market.
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Alcohol Ingredients Market Key Players
Major players in the alcohol ingredients market are AngelYeast Co. Ltd., Ashland Global Holdings Inc., Bio Springer SA, Cargill Incorporated, Chr. Hansen Holding A/S, Diageo Plc., Döhler GmbH, Royal DSM N.V., MGP Ingredients Inc., Sensient Technologies Corporation, Synergy Flavours, The Archer-Daniels-Midland Company, Treatt Plc., and Crystal Pharma.
The Business Research Company's "Global Alcohol Ingredients Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Alcohol Ingredients Market Include:
1. Executive Summary
2. Alcohol Ingredients Market Characteristics
3. Alcohol Ingredients Market Trends And Strategies
4. Alcohol Ingredients Market - Macro Economic Scenario
5. Alcohol Ingredients Market Size And Growth
……
27. Alcohol Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Alcohol Ingredients Market
29. Alcohol Ingredients Market Future Outlook and Potential Analysis
30. Appendix
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