Press release
Grain Alcohol Market Growth Prospects, Key Players and Market Trends
Grain Alcohol Market Growth
Set to grow from $14.58 billion in 2024 to $19.8 billion in 2029, the global grain alcohol market rides on its use in beverage and spirits, cultural significance, and evolving consumer preferences.
What Is The Projected Market Size Of The Global Grain Alcohol Market And Its Growth Rate?
* Market size grew to $15.31 billion in 2025 from $14.58 billion, marking a CAGR of 5.0%.
* The growth was impelled by the traditional use of grain alcohol in various regions, the expansion of the craft distillery sector, and licensing policies.
* The market size is projected to rise dramatically to $19.8 billion by 2029, at a robust CAGR of 6.6%.
* This expectancy is driven by the preference for high-quality beverages, new flavors and infusions, organic grain sourcing, and the burgeoning middle-class sector.
What Is Driving The Growth In The Grain Alcohol Market?
The surging consumption of alcoholic drinks is primarily driving the market for grain alcohol. Factors like rising disposable income levels and an urbanizing population have contributed to this surge in alcohol consumption. Notably, the National Drugs Library revealed in 2023 that the average alcohol consumption for individuals over 15 years reached 10.2 liters, increasing by 7.6% compared to the previous year. This growing consumption rate of alcoholic beverages propels the grain alcohol market forward.
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Who Are the Key Players Driving Grain Alcohol Market Growth?
Key players in the grain alcohol market include:
* Archer-Daniels-Midland Company
* Cargill Inc.
* Kweichow Moutai Co. Ltd.
* Roquette Frères SA
* MGP Ingredients Inc.
* Cristalco SAS
* Wilmar International Limited
* Manildra USA
* Glacial Grain Spirits LLC
* Wuliangye Yibin Co.
* Diageo plc
* Pernod Ricard SA
* ChemCeed LLC
* Ethanol US
* Pinal Energy LLC
* Pacific Distillery LLC
* Teichene SA
* Duplais Verte
* La Fée Absinthe
* Kübler Absinthe Superieure
* Hill's Liquere North America
* La Clandestine
* Doubs Mystique
* Butterfly Absinthe
* Lucid Inc.
* Metelka AS
* C.F. Berger Ltd.
* Jade Nouvelle Orleans
What Are The Key Trends In The Grain Alcohol Market?
Prominent trends in the grain alcohol market include:
* Flavored and infused grain spirits
* Barrel-aged and specialty releases
* Cocktail culture and mixology
* Ready-to-drink (RTD) cocktails
* Local and terroir-driven spirits
What Are The Segments Of The Global Grain Alcohol Market?
The global grain alcohol market is segmented into:
1) By Type: Ethanol, Polyols
2) By Source: Sugarcane, Grains, Fruits, Other Sources
3) By Functionality: Preservative, Coloring or Flavoring Agent, Coatings, Other Functionalities
4) By Application: Beverages, Food, Pharmaceutical and Health Care, Other Applications
Which Region Leads The Grain Alcohol Market?
Europe, being the largest region in the grain alcohol market in 2024, spearheads the market. However, Asia-Pacific is expected to grow at a faster pace over the forecast period.
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What Is Covered In The Grain Alcohol Market Global Market Report?
- Market Size Analysis: Analyze the Grain Alcohol Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Grain Alcohol Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Grain Alcohol Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Grain Alcohol Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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