Food Grade Alcohol Market to 2021– To Grow in the Coming Years, New Research explores Factors Responsible | Market Data Forecast
Food Grade Alcohol Market Size was around USD
10.28 billion in 2016. It is expected to grow at a CAGR of 4.1% to reach USD
12.57 billion by 2021.Food-grade beverage alcohol comprises principally of
grain neutral spirits and gin. Grain neutral spirits are sold in mass amounts
at different proof concentrations to bottlers and rectifiers, which
additionally process the alcohol available to be purchased to buyers under
various labels. Gin is made by re-distilling grain neutral spirits together
with exclusive customer formulations of botanicals or botanical oils.
Liquor is a standout amongst the most
adaptable items known. Applications vary from use in FMCG and pharmaceutical
products to industrial solvents and so on. Alcohols can be used in a hundred of
different ways in the field of proprietary solvents. One of the major uses of
alcohol is in the food industry.
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Fermented distilled liquor popularly known as
food-grade alcohol is made using potato, cereals, sugar after cooking as raw
material, scarification, fermentation and processing for food industry using
aqueous alcohol. Food grade alcohol flavor is usually determined by the level
of content of distilled liquor in the aldehyde, acid, ester. Further,
impurities may lead to alteration in flavor.
The global market is driven by expanding
global beer generation and likeness towards craft beer. Likewise, the expanding
usage of alcoholic drinks in the developing regions bolstered with the
extension of potential export markets because of demographic and economic
reasons, have built up a developing platform for expanded liquor trade which is
thus driving the food-grade liquor market.
The recent ban by the supreme court of India
for the sale of liquor in the shops on state and national highways and other
proactive measures taken by the union as well as various state governments are
the major restraints of this market. Further, lobbying by various NGOs to
increase the tax rate on alcoholic beverages is another dampening factor of the
market. Similar trends are observable globally.
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The global food grade
alcohol market segmentation by type, by source and by the application. On the
basis of type, food-grade alcohol market is classified into ethanol and
polyols. Ethanol commands a greater market share as it is widely used in the
manufacture of alcoholic beverages. It is also used as a preservative to
enhance the shelf life of end products along with manufacturing colors and
flavors for food applications. It is highly volatile and so is used as a base
in producing a diverse range of alcoholic beverages in the food industry. If we
go by source, the food-grade market is segmented into sugar cane &
molasses, grains, fruits, and others which include rice and corn. Among these,
the sugar cane & molasses market segment dominates the market because of
the increase in the manufacture of ethanol from sugarcane and molasses. This
can be further attributed to the continuously degrading price of raw sugar in
global markets. Sugar cane and sugar beet plants are the most widespread and
readily available sources of sucrose, which is fermented to deliver alcohol.
As far as volume, the
beverages section is anticipated to develop at the most elevated rate in the
vicinity of 2017 and 2022, because of the expansion in the worldwide
utilization of alcoholic beverages.
On the basis of geography,
the global food-grade alcohol market has been segmented into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. Food-grade
alcohol is utilized for producing alcoholic beverages as well as for food and
healthcare and pharmaceutical products. Subsequently, as the interest for these
consumables increments from end users, makers utilize food-grade alcohol for
making creative food items. Europe has adopted the use of food-grade alcohol in
food, beverages, and pharma applications. The Asia-Pacific region is assessed
to drive the market with the expansion in demand for food-grade alcohol. The
increased utilization of alcoholic beverages and convenience food products are
essentially affecting the development of the market in this region, with the
growing food-processing industry.
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The Asia-Pacific region is
expected to be the fastest-growing market, in terms of both value and volume,
in the global food-grade alcohol market, in 2017. This region encompasses
developing economies such as China, Japan, and India, which are the largest
consumers of food-grade alcohol in the world. The augmenting population and per
capita income in India and China coupled with widespread availability of raw
materials is expected to drive the food-grade alcohol market. India's
food-grade alcohol market is expected to grow at the highest rate among the
Asia-Pacific countries.
Some of the Food Grade
Alcohol Market Leaders are Archer Daniels Midland Company (U.S.), Cargill Inc.
(U.S.), MGP Ingredients (U.S.) Sigma-Aldrich (U.S.) and Roquette Freres S.A.
(France).
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exogenous and endogenous factors
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