According to Stratistics MRC, the Global Food Grade Alcohol Market is accounted for $6,975.20 million in 2019 and is expected to reach $12,440.11 million by 2027 growing at a CAGR of 7.5% during the forecast period. Some of the key factors propelling the market growth include rising demand for various types of food-grade alcohols from a number of end use industries, increasing adoption of food-grade alcohol in alcohol production and in pharmaceuticals as drugs, and increasing consumption of beer and other alcohol-based beverages. However, awareness about harmful effects of alcohol consumption may hamper the market growth.
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On the basis of geography, the Asia Pacific region is experiencing the highest growth rate due to strong industrial development policies adopted by the government. Increased government investments for urbanization and the improved standard of living of consumers have led to an increase in the consumption of food & beverage products. The strategic investors in the industry should see this as an opportunity to introduce innovative alcohol products to cater to the changing demands of manufacturers in this market.
Some of the key players in Food Grade Alcohol Market include Sigma-Aldrich, Roquette Freres S.A., Fonterra Co-operative Group, Cristalco SAS, Grain Processing Corporation, Archer Daniels Midland Company, Cargill, Incorporated, Wilmar International Limited, Manildra Group, Extractohol, MGP Ingredients, Greenfield Global Inc., Pure Alcohol Solutions, Bartow Ethanol of Florida, L.C, Ethanolsa Pty Ltd., Illovo Sugar Africa (Pty) Ltd., and Godavari Biorefineries Ltd.
Sources Covered:
• Fruits and Vegetables
• Grains
• Sugarcane, Sugar Beet & Molasses
• Other Sources
Types Covered:
• Polyols
• Ethanol
• Sorbitol
• Xylitol
Functionalities Covered:
• Coatings
• Coloring/Flavoring Agent
• Preservative
Applications Covered:
• Beverages
• Healthcare
• Food
• Personal Care & Cosmetics
• Chemical Industry
• Pharmaceutical & Nutraceutical
• Cleaning Agent
Sales Channels Covered:
• Distribution Channel
• Direct Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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