IMARC Group's report titled "Food Grade Alcohol Market Report by Product (Ethanol, Polyols), Source (Molasses and Sugarcane, Fruits, Grains, and Others), Function (Coatings, Preservative, Coloring and Flavoring Agent, and Others), Application (Healthcare and Pharmaceutical, Food, Beverages, Personal Care, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global food grade alcohol market report. The global market size reached US$ 8.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/food-grade-alcohol-market/requestsample

Factors Affecting the Growth of the Food Grade Alcohol Industry:

• Rising Consumption of Beverages:

The rising demand for premium alcoholic beverages like spirits, beer, and wine, among individuals across the globe is propelling the growth of the market. There is an increase in the need for high-quality food grade alcohol in these alcoholic beverages. The growing adoption of craft and artisanal drinks due to changing consumer tastes and preferences is offering a positive market outlook. The rising focus on experiential drinking, where consumers seek unique and innovative beverage options, is impelling the market growth.

• Growing Demand for Enhanced Flavors:

The escalating demand for food grade alcohol on account of the increasing need for enhanced flavors in several food products among individuals is contributing to the growth of the market. The rising focus on natural and organic flavors is strengthening the market growth. Besides this, manufacturers require high-quality alcohol to produce extracts, essences, and flavorings. The growing consumption of processed food products among people with busy lifestyles and hectic working schedules, coupled with increasing preferences for authentic flavors, is positively influencing the market.   

• Increasing Food Safety Concerns:

The rising awareness among individuals about food safety and hygiene is impelling the market growth. The increasing demand for food grade alcohol as a disinfectant and sanitizer in food processing facilities is bolstering the market growth. It offers enhanced effectiveness in eliminating pathogens and maintaining product integrity while aligning with stringent hygiene standards enforced by regulatory authorities. In addition, the rising focus on cleanliness and sanitation in the food industry to ensure the safety of products is supporting the market growth.

Leading Companies Operating in the Global Food Grade Alcohol Industry:

• Archer-Daniels-Midland Company
• Cargill Incorporated
• Cristalco
• Ethimex Ltd.
• Extractohol
• Glacial Grain Spirits
• Grain Processing Corporation (Kent Corporation)
• Manildra Group
• MGP Ingredients Inc.
• Molindo Group
• Pure Alcohol Solutions
• Roquette Frères
• Wilmar Sugar Pty Ltd. (Wilmar International Limited)

Food Grade Alcohol Market Report Segmentation:

By Product:

• Ethanol
• Polyols

Ethanol represents the largest segment as it is a primary ingredient in the production of alcoholic beverages.     

By Source:

• Molasses and Sugarcane
• Fruits
• Grains
• Others

Molasses and sugarcane hold the biggest market share on account of their distinct taste and aroma.

By Function:

• Coatings
• Preservative
• Coloring and Flavoring Agent
• Others

Coloring and flavoring agent accounts for the largest market share due to the rising focus on enhancing color in various food products.

By Application:

• Healthcare and Pharmaceutical
• Food
• Beverages
• Personal Care
• Others

On the basis of the application, the market has been divided into healthcare and pharmaceutical, food, beverages, personal care, and others.  

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys a leading position in the food grade alcohol market, which can be attributed to the thriving food and beverage (F&B) sector.  

Global Food Grade Alcohol Market Trends:

The increasing utilization of food grade alcohol in pharmaceutical and personal care sectors is impelling the market growth. Food grade alcohol primarily serves as a solvent for manufacturing medications. Besides this, manufacturers rely on food grade alcohol for its purity and compatibility with various formulations, which is bolstering the market growth. Furthermore, rising preferences for natural and organic ingredients are supporting the market growth.

Apart from this, advancements in distillation and purification technologies improve the efficiency and quality of food grade alcohol production. Enhanced production processes enable manufacturers to meet the growing demand while maintaining cost-effectiveness and sustainability.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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