Food Grade Alcohol Market to Showcase Vigorous Demand during the Period until By 2025

The global food grade alcohol market size was valued USD 2.26 billion in 2018 and is expected to register a CAGR of 3.7% from 2019 to 2025. The growth is driven by an increase in the application of food grade alcohol in food and beverage, healthcare and pharmaceuticals, and personal care among other industries. Rising consumption of beverages and trade in alcohol are further propelling the demand for the food grade alcohol.
The product is made using the process of fermentation of plants and grains such as wheat, corn, and barley and is found in alcoholic drinks, such as brandy, whiskey, and beer. Increased sale of these products is anticipated to bode well for market growth. Moreover, increased production of beer and alcohol has spurred use of ethanol in the beverage industry, driving the overall demand for food grade alcholol.
U.S. food grade alcohol market
Alcohol is an important ingredient for manufacturing extracts, flavors, yeast, and vinegars. The demand for ethanol has increased in the food industry to expand the shelf life of the product, driven by the changing food habits and adoption of ready to eat food. Food grade alcohol plays an important role in healthcare industry owing to its use in preparation of medicines and sterilizing various medical equipment before use.
Europe market is projected to continue producing a market growth opportunity, owing to high consumption of alcohol in the region. In countries such as India, China, and Brazil, the market is expected to grow exponentially, owing to increased demand and trade of alcohol. Moreover, urbanization and rising population are anticipated to further drive the market.
To Know More Information @ https://www.grandviewresearch.com/industry-analysis/food-grade-alcohol-market
Further key findings from the report suggest:
  • Food and beverage segment held the largest market share of more than 35% in 2018
  • Personal care segment is forecasted to register a CAGR of 3.95% in terms of revenue and 2.5% in terms of value, from 2019 to 2025
  • Ethanol held the largest market share of 73.47% in terms of volume in 2018. Polyol is expected to expand at a CAGR of 4.0% in terms of revenue, from 2019 to 2025
  • Key market players are as MGP Ingredients, Roquette Freres S.A., Cargill Incorporated, Active Char Products Pvt Ltd, Archer Daniels Midland Company, Cristalco, Jiangsu Huating Biotechnology, Grain Processing, Malindra, Wilmar International, Muby Chemicals, Spectrum Chemical MFG Corp, Fonterra Co-operative, among others

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Info: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Head Guards Market is Expected to Witness a Steady Growth by 2028

Market Overview Safety equipment plays an important role in protecting sports enthusiasts from various injuries. Head guard is the key protection equipment widely used in games like boxing, baseball and rugby. This equipment has gained traction among athletes from amateur to professional players in both, national and international competitions. Rising number of national and international sports competitions globally, the demand for head guards has surged, which will in turn increase the volume of head guard sells from retail outlets to the company online sales channel. Many sports associations such as World Rugby, International Baseball Federation and World Boxing Association have necessitated the use of head guards for players in sports matches. In baseball alone, there are over 35 million players at different levels, and the U.S. houses close to 14 million amateur and professional players. This massive number of participants in baseball creates a significant customer base for h...
Read more

Die Cut Box Market to Witness an Outstanding Growth by 2028

Die Cut Box Marke t: Overview Die cut box is an innovative packaging solution for multiple end-use sectors. Growing need for fast moving consumer goods, ingenious packaging formats from design, and size perspective,  die cut box continues to offer an advantageous edge in product positioning. Die cut box allows the leading brands and manufacturers to integrate novel design elements, which in turn assures a higher threshold of customer acquisition viz.a.viz. effective branding and marketing. Besides industry specific drivers and trends, macroeconomic factors will also continue to influence demand for the die cut box across industries. Such factor include but aren’t limited to per capita disposable income, food retail sector growth, modern retail establishment growth etc. Outpacing growth in the e-commerce sector has gained traction for the corrugated packaging industry. Die cut box cost wouldn’t be a big burn to the pocket of die cut box manufacturers despite the re-usability of ...
Read more

Gynaecological Cancer Drugs Market Accounting US$ 41,855.8 million by 2026

The new report by Persistence Market Research (PMR) expects the global gynaecological cancer drugs market to witness significant growth, registering 6.2% CAGR during the forecast period. The global gynaecological cancer drugs market is also expected to bring in US$ 41,855.8 million revenue by the end of 2026. Treatment of cancer is being increasingly focused on be leading pharmaceutical companies, researchers, healthcare institutes and governments of various countries. With increasing number of research and development activities in cancer treatment, especially in gynaecological cancer treatment, new treatments are reaching an increasing number of physicians faster than ever. Also, availability of advanced treatment options and drugs has resulted in the decline in cancer mortality rate across major developed countries. However, the scenario is not same in the developing nations. This is due to the high cost of cancer treatment and lack of availability of new treatments. Gynaecologi...
Read more