Food Grade Alcohol Market Statistical Forecast, Trade Analysis 2024 - 2031 | Amway, Abbott Laboratories, Bayer AG, Pfizer Inc, ADM

The global Food Grade Alcohol Market was valued at USD million in 2022 and is expected to experience substantial growth, reaching up to USD million by 2030. The market is projected to grow at a CAGR of 6.1% during the forecast period from 2024 to 2031.

In the food and beverage sector, food-grade alcohol is primarily used as an ingredient in products such as extracts, colorings, flavorings, and more. Increased consumer spending and urbanization have led to higher consumption of processed and convenience foods. This trend has driven up the demand for food ingredients, consequently boosting the need for food-grade alcohol.
Get a Free Sample Research PDF - https://www.datamintelligence.com/download-sample/food-grade-alcohol-market

Key Developments:

In October 2022, CIE, a U.S.-based developer of high-quality grain-based specialty alcohols, acquired the assets of Elkhorn Valley Ethanol from Louis Dreyfus Company, a Dutch agricultural commodities firm. This acquisition expands CIE's inventory and enhances its market presence, while Elkhorn Valley Ethanol continues its ethanol production in the U.S.

In April 2022, Jubilant Ingrevia Ltd. announced the launch of a new Green Ethanol-based food-grade acetic acid plant near its manufacturing facility in Gajraula, UP. This expansion aims to meet stringent product certification standards, including FSSAI and ISO 22000, and to boost the demand for food preservatives globally.

In November 2020, Lallemand Inc. introduced ABV Aromazyme, a food-grade dry enzyme preparation derived from a Non-GMO strain of Aspergillus niger.

Market Dynamics:

Key factors driving the expansion of the food-grade alcohol market include rising consumer income and spending, increased urbanization, and the growth of the processed food sector. The heightened demand for food ingredients has fueled the market for food-grade alcohol. Additionally, the use of alcohol in social gatherings has further contributed to market growth.

The pharmaceutical and nutraceutical industries also play a significant role in market expansion. Various alcohol-based compounds, such as polyols, are widely used in dietary supplements, functional foods and beverages, and sanitization products. The growing consumption of personal care products, which require food-grade alcohol in their production, adds to the market's momentum. Consumers' increasing use of personal care products, along with nutraceuticals like functional foods and supplements, has boosted the demand. Polyols are valued for their coating, sweetening, emollient, bulking, anti-crystallizing, and stabilizing properties, making them essential in pharmaceutical and nutraceutical applications. These factors collectively drive the growth of the food-grade alcohol market during the forecast period.

Market Segment Analysis

By Type: Ethanol, Polyols

By Source: Sugarcane and Molasses, Grains Fruits, Others

By Application: Food and Beverages, Healthcare and Pharmaceuticals, Personal Care, Others

By Functionality: Functionality Coatings, Preservatives Coloring and Flavoring Agent Others

Get Customization in the report as per your requirements - https://www.datamintelligence.com/customize/food-grade-alcohol-market

Major Key players

• Roquette Frères
• ADM
• Fonterra Co-operative Group
• MGP
• Jiangsu Huating Biotechnology Limited Company
• GREENFIELD GLOBAL INC
• Wilmar International Ltd
• Cargill, Inc
• The Andersons, Inc
• Manildra Group

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Related Reports:

Food Supplement Market: https://www.datamintelligence.com/research-report/food-supplement-market

Food Sterilization Equipment Market: https://www.datamintelligence.com/research-report/food-sterilization-equipment-market

Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.