Global Food-grade Alcohol Market - Growth, Trends, and Forecast (2020 - 2025)

The global food-grade alcohol market is projected to register a CAGR of 5.7% during the forecast period.

• Ethanol drives the market, as it holds a significant share in the market studied. It has extensive applications in various food categories, such as in the manufacture of flavors and extracts, food dyes, candy glazes, yeast, various sprays, and animal-feed supplements.
• The rising interest for craft beer and other alcoholic beverages, among the individuals, is the major driving force for the market. In addition, the export markets are growing in the developing countries, due to better trade regulations, demographic patterns, and economic growth.

Key Market Trends

Ethanol Dominates the Market Share

Ethanol holds a larger market share, as it is largely used in the production of alcoholic beverages. Due to its volatility, it is used as a major ingredient base to manufacture a wide range of alcoholic beverages. Ethanol is also popularly used as a preservative in the food industry, to increase the shelf life of the end products, and in manufacturing preservatives, colorings, or flavoring agents, and for coating food products, thereby, boosting the demand for food-grade alcohol in the global market. Moreover, the consumers' demand for food products made from natural ingredients also led the manufacturers to use ethanol as a natural flavoring agent.

North America is the Largest Market

North America is home to 2,500+ distilleries and breweries, where food-grade alcohol is utilized for various industrial purposes. The confectionery industries in the United States make use of food-grade alcohol in candy coatings. Moreover, food-grade alcohol also serves the purpose of preservatives, when added in the right proportion. Industrial food-grade alcohol also plays a substantial role in the manufacture of flavors and extracts, food dyes, yeast, and various sprays. The polyols have a widely established usage in non-cariogenic confectionery and oral care. Roquette, a United States-based company, is recognized as the global leader in polyols.

Competitive Landscape

The global food-grade alcohol market is fragmented, with numerous global and regional players operating within the market. The key players in the global food-grade alcohol market include Archer Daniel Midland Company, Cargill Inc., MGP Ingredients, and Roquette Freres SA.

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