Food Grade Alcohol Market Size Worth $3.2 Billion By 2030

 Food Grade Alcohol Industry Overview

The global food grade alcohol market size was valued at USD 2.2 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The demand for the product is anticipated to be driven by an increase in demand of spirits and beers in various economies.Growth in the food processing industry coupled with increasing consumption of ethanol is projected to drive the market growth

The market growth for the product is expected is driven by increasing application ‘in food and beverage, healthcare and pharmaceuticals, and personal care. Rising consumption of beverages and trade in alcohol are further propelling the demand for the product. Alcohol is an important ingredient for manufacturing extracts, flavors, yeast, and vinegar.

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. The product plays an important role in the healthcare industry owing to its use in the preparation of medicines and sterilizing various medical equipment before use.

Ethylene and sugars are the most common basic materials utilized in the synthesis of food-grade alcohols. Both of these products are used to make ethanol, which is one of the most widely used food-grade alcohols. Polyols are sugar replacements that are commonly used in food preparation. They are mostly made from fruits through the extraction of natural sugars.

Gather more insights about the market drivers, restrains and growth of the Global Food Grade Alcohol market

 

Corn, which is one of the most important ingredients in the production of the product, is widely available in the country. To take advantage of the cost and supply of raw materials, manufacturers have entered into supply agreements with farm owners. Furthermore, as part of their forward integration goal, prominent firms in the country have developed their own line of breweries.

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Browse through Grand View Research's Disinfectants & Preservatives Industry Research Reports.

  • Propanol Market - The global propanol market size was valued at USD 4.21 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027. It is colorless alcohol that exists in the form of 2 isomers: n-propanol and isopropyl alcohol. The product demand is driven by rising utilization in the pharmaceutical and chemical intermediate manufacturing industries.

  • Isopropyl Alcohol Market - The global isopropyl alcohol market size was valued at USD 2.65 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.2% from 2020 to 2027. Isopropyl alcohol (IPA) exhibits excellent solvency characteristics and is therefore recognized as one of the key solvents across end-use industries.

 

Food Grade Alcohol Market Segmentation

Grand View Research has segmented the food grade alcohol market report based on the product, source, function, application, and region:

Food Grade Alcohol Product Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

  • Ethanol
  • Polyols

Food Grade Alcohol Source Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

  • Molasses & Sugarcane
  • Fruits
  • Grains
  • Others

Food Grade Alcohol Function Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

  • Coatings
  • Preservative
  • Coloring & Flavoring Agent
  • Other

Food Grade Alcohol Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

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

Food Grade Alcohol Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

Key Companies profiled:

Some of the prominent players in the food grade alcohol market include:

  • MGP
  • Cargill Incorporated
  • ADM
  • Cristalco
  • Grain Processing Corporation
  • Wilmar International Ltd.
  • Extractohol
  • Pure Alcohol Solutions

 

Order a free sample PDF of the Food Grade Alcohol Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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