Food Grade Alcohol Market Projected to Reach $8.52 Billion by 2030 with Strong Demand from Spirits and Craft Beer Sectors

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 2022-2030.

Ethanol, commonly referred to as alcohol, serves multiple purposes across various industries, including industrial solvents, food production, and pharmaceuticals. The food industry remains the primary consumer of alcohol, particularly in the form of food-grade alcohol used for extraction and in products intended for human consumption. In the food and beverage sector, food-grade alcohol is widely utilized as an ingredient in flavorings, extracts, colorants, and other products. Increasing consumer spending and urbanization have driven the consumption of processed and convenience foods, thereby fueling the demand for food ingredients and subsequently increasing the need for food-grade alcohol.

Key factors expected to drive the growth of the food-grade alcohol market during the forecast period include the rising popularity of craft beer, increasing global beer production, and expanding trade in food-grade alcohol. However, heightened awareness regarding the potential adverse health effects of alcohol consumption is anticipated to pose a challenge to market expansion.

Additionally, the market is expected to benefit from the development of emerging economies and the growing use of ethanol co-products in the animal feed industry. Nonetheless, fluctuating raw material prices and stringent regulations governing the use of alcohol in food, beverages, health, and personal care products may present further challenges to market growth in the near future.

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Europe is projected to be a leading contributor to the food-grade alcohol market over the forecast period, driven by increasing applications in the food and beverage sector to meet the demands of a large consumer base. Furthermore, key players in the food and beverage industry are actively investing in product innovation and adopting strategic initiatives, which are expected to support the growth of the food-grade alcohol market in the region during the forecast period.

Similarly, the food-grade alcohol market in North America is anticipated to experience substantial growth, primarily due to the increasing preference among both consumers and food and beverage manufacturers for food-grade alcohol, owing to its versatility in enhancing a wide range of culinary flavors. Additionally, the presence of over 2,500 breweries and distilleries, where food-grade alcohol is utilized across various end-use sectors, is expected to further bolster market expansion in the region in the coming 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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.