Food Grade Alcohol Market Set for Steady Growth with Applications in Spirits Vinegar and Cosmetics Amid Increased Global Demand

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 2031."

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According to the latest research by InsightAce Analytic, the global food grade alcohol market is valued at US$ 5.79 Billion in 2023, and it is expected to reach US$ 9.14 Billion by the year 2031, with a CAGR of 6.1% during a forecast period of 2025-2031.

Ethanol, commonly known as alcohol, serves a wide range of applications across various industries, including as an industrial solvent, in food production, and within the pharmaceutical sector. The food industry is the largest consumer of ethanol, particularly in the form of food-grade alcohol, which is used for extraction purposes and in products intended for human consumption. Within the food and beverage sector, food-grade alcohol is extensively employed as an ingredient in flavorings, extracts, colorants, and other related products. The growing consumer expenditure and urbanization trends have led to increased consumption of processed and convenience foods, driving the demand for food ingredients and, by extension, a rise in the need for food-grade alcohol.

Several factors are expected to contribute to the growth of the food-grade alcohol market over the forecast period, including the increasing popularity of craft beer, a rise in global beer production, and expanding international trade in food-grade alcohol. However, growing awareness of the potential negative health impacts associated with alcohol consumption may pose a challenge to market growth. The market is also anticipated to benefit from the development of emerging economies and the expanding use of ethanol co-products in the animal feed industry. Despite these opportunities, challenges such as fluctuating raw material prices and stringent regulatory frameworks governing the use of alcohol in food, beverages, health, and personal care products may hinder market expansion in the near term.

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Europe is expected to be a key contributor to the food-grade alcohol market throughout the forecast period, driven by the growing applications within the food and beverage industry to satisfy the needs of a large consumer base. Moreover, major players in the food and beverage sector are making significant investments in product innovation and adopting strategic initiatives, which are anticipated to support the continued growth of the food-grade alcohol market in the region.

Similarly, the food-grade alcohol market in North America is projected to experience substantial expansion, largely due to the increasing preference for food-grade alcohol among both consumers and food and beverage manufacturers. This preference is driven by its versatility in enhancing a wide variety of culinary flavors. Additionally, the presence of over 2,500 breweries and distilleries, where food-grade alcohol is extensively utilized across multiple end-use applications, is expected to further drive market growth in the region in the upcoming 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

Read Overview Report- https://www.insightaceanalytic.com/report/global-food-grade-alcohol-market/1274

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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.