Food Grade Alcohol Market A Taste of Opportunity: The Rising Demand 2024-2031

Food Grade Alcohol Market Assessment worth $ 8.52 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Food Grade Alcohol Market- by Nature (Organic and Conventional), Application (Spirits, Vinegar, Extracts and Cosmetics & Fragrances), Function (Aromas, Preservatives, Solvents, Disinfectants and Others), Sources (Sugarcane, Wheat, Rye, Barley, Corn and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global food grade alcohol market is valued at US$ 5.40 Billion in 2021, and it is expected to reach US$ 8.52 Billion by 2030, with a CAGR of 5.5% during a forecast period of 2024-2031.

Food-Grade Alcohol Market Driven by Growing Demand and Diverse Applications
Ethanol, a natural and safe solvent for human consumption, finds applications in various sectors like food, medicine, and industrial solvents. However, the food industry remains the primary driver of the food-grade alcohol market.

Food-grade alcohol serves a multitude of purposes within the food and beverage industry. These include:
• Food-grade alcohol extraction: Safely extracting flavors and other valuable compounds from food sources.

• Food contact applications: Used in products that may come into contact with food, such as flavorings, extracts, and colors.

The market for food-grade alcohol is expected to experience significant growth due to several key factors:
• Rising Consumer Demand: Increasing consumer spending and urbanization are driving the consumption of convenience foods and processed meals. This, in turn, fuels the demand for food ingredients like food-grade alcohol.

• Craft Beer Popularity: The growing popularity of craft beers, which often involve specific extraction processes, is another factor contributing to market growth.

• Global Production Increase: The worldwide increase in food-grade alcohol production further bolsters market expansion.

Potential Challenges for Market Growth
While the outlook appears promising, some potential challenges could hinder market growth:
• Consumer Health Awareness: Growing public awareness of the potential negative effects of alcohol consumption could lead to a shift towards food products containing less or no alcohol.

• Stringent Regulations: Stringent regulations governing the use of alcohol in food, beverages, healthcare products, and personal care items can create hurdles for market expansion.

• Raw Material Price Fluctuations: Unstable pricing of raw materials used in food-grade alcohol production can create uncertainties for market growth.
Future Considerations
Despite these challenges, the future of the food-grade alcohol market appears promising. Here are some trends to consider:

• Increased Demand from Developing Countries: As developing nations experience economic growth, the demand for food-grade alcohol is expected to rise, particularly within the feed industry where ethanol production byproducts can be utilized.

By staying informed of these trends and challenges, industry players can navigate the market landscape and capitalize on the potential growth opportunities.

Over the forecast years, Europe is anticipated to be the major contributor to the food-grade alcohol market because more applications are being made in the food and beverage industry to satisfy a huge consumer base's needs. Additionally, the major players in the food and beverage industry consistently work to advance new products and adopt innovative tactics, which will support the expansion of the market for food-grade alcohol in the area during the forecast period.

In addition, the North American food-grade alcohol market is expected to grow significantly during the forecast period because food-grade alcohol is becoming more and more popular with consumers and producers of food and beverages due to its versatility in producing a wide range of culinary flavours. Additionally, the presence of more than 2,500 breweries and distilleries, where a variety of end-use sectors consumes food-grade alcohol, is expected to support the further expansion of the food-grade alcohol market in the region in the ensuing years.

Major market players operating in the food grade alcohol market include GLACIAL GRAIN SPIRITS, CHIPPEWA VALLEY ETHANOL COMPANY, Essential, MGP Ingredients, Cargill, Inc., Fairly Traded Organics, Ethimex Ltd., Organic Alcohol Company, Altia Industrial, Highwater Ethanol, LLC, Roquette Frères, Grain Processing Corporation, Fonterra Co-Operative Group, Manildra Group and Other Prominent Player.

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Market Segments
Global Food Grade Alcohol Market, by Nature, 2022-2030 (Value US$ Mn)
• Organic
• Conventional

Global Food Grade Alcohol Market, by Application, 2022-2030 (Value US$ Mn)
• Spirits
• Vinegar
• Extracts
• Cosmetics & Fragrances

Global Food Grade Alcohol Market, by Functions, 2022-2030 (Value US$ Mn)
• Aromas
• Preservatives
• Solvents
• Disinfectants
• Others

Global Food Grade Alcohol Market, by Sources, 2022-2030 (Value US$ Mn)
• Sugarcane
• Wheat
• Rye
• Barley
• Corn
• Others

Global Food Grade Alcohol Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Food Grade Alcohol Market, by Country, 2022-2030 (Value US$ Mn)
• The U.S.
• Canada

Europe Food Grade Alcohol Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Food Grade Alcohol Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Food Grade Alcohol Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Food Grade Alcohol Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global food grade alcohol market
 To receive an industry overview and future trends of the food grade alcohol market
 To analyze the food alcohol market drivers and challenges
 To get information on the food grade alcohol market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the food grade alcohol market industry

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