Press release
Rising Demand Propels the Food-Grade Alcohol Market; Key Projections Forecast Growth From $6.38 Billion in 2025 to $8.25 Billion in 2029
Food Grade Alcohol Market Size
The global expansion of the food-grade alcohol market is projected to continue its surge, influenced by escalating consumption in various industries, shifting consumer trends, and several key market players._x000D_
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What Is The Projected Market Size Of The Global Food Grade Alcohol Market And Its Growth Rate?_x000D_
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• The food grade alcohol market size exhibited robust growth in recent years and is projected to grow from $6.38 billion in 2024 to $6.71 billion in 2025 (5.2% CAGR)._x000D_
• Key factors propelling this growth include beverage industry expansion, pharmaceutical and healthcare utilization, food and flavor industry demand, and stringent quality measures._x000D_
• Further growth is expected, with the market projected to reach $8.25 billion by 2029 (5.3% CAGR)._x000D_
• This anticipated growth is attributed to increased adoption of sustainable practices, a rising interest in local and artisanal products, and demand in culinary arts and functional beverages._x000D_
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What Is Driving The Growth In The Food Grade Alcohol Market?_x000D_
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The growth of the food-grade alcohol market is largely stoked by the rising global consumption of alcoholic beverages. Alcoholic beverages, containing more than a specific quantity of alcohol by volume, are often produced using food-grade or neutral alcohols derived from various agricultural produce. Such alcoholic beverages include various spirits like Gin, which is made from the infusion of neutral-grain alcohol with spices and herbs. For instance, global beer consumption reportedly grew by 5.4 million kiloliters, equivalent to about 8.5 billion bottles, from 2022 to 2023 according to Kirin Holdings Co. Ltd., indicating the potential for growth in the food-grade alcohol market._x000D_
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Who Are the Key Players Driving Food Grade Alcohol Market Growth?_x000D_
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Key companies in the food grade alcohol market include:_x000D_
• MGP Ingredients inc._x000D_
• Cargill Incorporated_x000D_
• Archer Daniels Midland Co._x000D_
• Cristalco SAS_x000D_
• Grain Processing Corporation_x000D_
• Wilmar International Ltd._x000D_
• Malindra Group._x000D_
• MOLINDO Group_x000D_
• Extractohol_x000D_
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What Are The Key Trends In The Food Grade Alcohol Market?_x000D_
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Key projected trends in the food grade alcohol market include:_x000D_
• Innovations in fermentation technologies._x000D_
• The rise of clean label products._x000D_
• Increasing popularity of flavor infusions and extracts._x000D_
• Research and development for new applications._x000D_
• Advances in production technology._x000D_
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What Are The Segments Of The Global Food Grade Alcohol Market?_x000D_
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The global food-grade alcohol market is segmented by:_x000D_
1) Product: Ethanol, Polyols_x000D_
2) Source: Sugarcane And Molasses, Fruits, Grains_x000D_
3) Function: Coatings, Preservatives, Flavoring, Other Functions_x000D_
4) Application: Spirits, Vinegar, Extracts, Cosmetics, Pharmaceutical, Industrial Application_x000D_
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Which Region Leads The Food Grade Alcohol Market?_x000D_
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Asia-Pacific was the largest region in the food-grade alcohol market in 2024, and it continues to dominate the market share. The regions encompassed in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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https://www.thebusinessresearchcompany.com/report/food-grade-alcohol-global-market-report_x000D_
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What Is Covered In The Food Grade Alcohol Market Global Market Report?_x000D_
- Market Size Analysis: Analyze the Food Grade Alcohol Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Food Grade Alcohol Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Food Grade Alcohol Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Food Grade Alcohol Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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