Global Food Grade Alcohol Market Size, Share, Forecast 2023 - 2033 | Top key players : CHIPPEWA VALLEY ETHANOL COMPANY, Essentica, MGP Ingredients, Altia Industrial, Highwater Ethanol LLC, Roquette Freres, Grain Processing Corporation, Fonterra Co-operati

According to a research report published by Spherical Insights & Consulting, the Global Food Grade Alcohol Market Size is to Grow from USD 3.47 Billion in 2023 to USD 4.50 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 2.63% during the projected period.

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Food grade alcohol is also known as non-denatured alcohol or grain alcohol, which is safe for human consumption. Technological developments in distillation and purification have increased the efficiency and cost-effectiveness of food grade alcohol manufacturing, allowing firms to produce high-purity alcohol more effectively while meeting rising demand. Furthermore, strict rules and quality standards imposed by governing authorities regarding the usage of safe and pure components in various industries have aided market expansion. Furthermore, the growing popularity of natural food additives and clean-label products is increasing demand for food-grade alcohol, particularly for the production of organic beverages and natural extracts. However, stricter alcohol content regulations that limit product debuts might hinder industry expansion.

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The ethanol segment is expected to dominate the market during the forecast period.

Based on the product type, the global food grade alcohol market is divided into ethanol and polyols. Among these, the ethanol segment is expected to dominate the market during the forecast period. Ethanol, commonly known as grain alcohol, is made from various sugar, fruit, and starch sources, such as sugar cane, sweet sorghum, maize, wheat, and potatoes. Corn starch, for example, is frequently used in the manufacturing of ethanol due to its widespread availability. Ethanol's versatility and effectiveness as a solvent, preservative, and flavoring agent have led to widespread use in industries such as food and beverage, pharmaceuticals, and personal care products.

The food segment is projected to dominate the market during the forecast period.

Based on the application, the global food grade alcohol market is divided into healthcare & pharmaceutical, food, beverages, personal care, and others. Among these, the food segment is projected to dominate the market during the forecast period. There is a growing demand for natural and clean-label products that use food-grade alcohol as a natural preservative. The bakery and confectionery industries have made important contributions, incorporating food-grade alcohol into cakes, chocolates, and candies to improve flavor and shelf life. Furthermore, the growing popularity of processed and convenience foods, combined with a preference for premium and artisanal products, has resulted in greater use of natural coloring and flavoring additives.

North America has the largest market share owing to the presence of major producers and a burgeoning craft beverage industry. The United States is a major supplier of food-grade alcohol and home to some of the world's largest spirits and beer industries. The demand for food-grade alcohol from these companies has increased the regional market. The region's strong controls and quality standards ensure that the supply of high-quality alcohol meets the demands of end-use industries. This has motivated several global corporations to develop production facilities in the region to suit local demand.

Asia-Pacific is predicted to grow fastest pace throughout the forecast period. The growing middle class, more disposable incomes, and changing lifestyles have all raised the demand for alcoholic beverages in countries like China, India, and Japan. Local producers are working with international corporations to gain access to cutting-edge technologies and knowledge for creating high-quality alcoholic beverages.

Major vendors in the global food grade alcohol market include, CHIPPEWA VALLEY ETHANOL COMPANY, Essentica, MGP Ingredients, Altia Industrial, Highwater Ethanol LLC, Roquette Freres, Grain Processing Corporation, Fonterra Co-operative Group, Malindra Group, Archer Daniels Midland Company, Cargill Inc, Fairly Traded Organics, Ethimex Ltd, Organic Alcohol Company, GLACIAL GRAIN SPIRITZ, and Others.

Recent Developments

In April 2022, Jubilant Ingrevia disclosed the opening of a new Green Ethanol-based food-grade Acetic Acid facility in Gajraula, Uttar Pradesh.

Key Target Audience

Market Players
Investors
End-users
Government Authorities
Consulting And Research Firm
Venture capitalists
Value-Added Resellers (VARs)

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Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global food grade alcohol market based on the below-mentioned segments:

Global Food Grade Alcohol Market, By Product Type
Ethanol
Polyols

Global Food Grade Alcohol Market, By Application
Healthcare & Pharmaceutical
Food
Beverages
Personal Care
Others

Global Food Grade Alcohol Market, By Regional
North America
US
Canada
Mexico

Europe
Germany
Uk
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific

South America
Brazil
Argentina
Rest of South America

Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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