According to the report published by Zion Market Research, the global demand for the Alcohol Ingredients market was valued at approximately USD 1.65 Billion in 2019 and is expected to generate revenue of around USD 2.88 Billion by end of 2026, growing at a CAGR of around 8.29% between 2020 and 2026.
According to the report published by Zion Market Research, the global demand for the Alcohol Ingredients market was valued at approximately USD 1.65 Billion in 2019 and is expected to generate revenue of around USD 2.88 Billion by end of 2026, growing at a CAGR of around 8.29% between 2020 and 2026.
Global Alcohol Ingredients Market: Overview
Alcoholic beverages are drinks that consist of a significant amount of ethanol. It is depressant in nature, whereas the low amount of alcohol may cause sociability, euphoria, and reduced anxiety. However, higher doses may cause unconsciousness and intoxication. In addition, long-term drinking can lead to alcoholism, alcohol abuse, and physical dependence. These beverages include flavors, yeast, colorants, and enzymes. They are widely accepted recreational drugs globally. Alcohol drinking is found to be important in much social culture. However, the government in several countries monitors the production, consumption, and sale of alcohol carefully.
Global Alcohol Ingredients Market: Growth Factors
Alcoholic beverages are drinks that consist of a significant amount of ethanol. It is depressant in nature, whereas the low amount of alcohol may cause sociability, euphoria, and reduced anxiety. However, higher doses may cause unconsciousness and intoxication. In addition, long-term drinking can lead to alcoholism, alcohol abuse, and physical dependence. These beverages include flavors, yeast, colorants, and enzymes. They are widely accepted recreational drugs globally. Alcohol drinking is found to be important in much social culture. However, the government in several countries monitors the production, consumption, and sale of alcohol carefully.
Global Alcohol Ingredients Market: Segmentation
The global alcohol ingredients market is categorized based on ingredient type as colorants, and flavors, and salts. Of these, the flavors and salts segment is the dominating segment in the global market. These flavors are added to the beverages in order to prevent loss of taste throughout food processing. These flavors can be artificial or natural. Flavored alcoholic beverages such as beers, spirits, and wines are getting more popular across the world. They have become an integral part of the alcoholic beverages sector. Based on beverage type, the global market is bifurcated as spirits, beer, and wine. Of these, beer is the leading beverage type segment in the global alcohol ingredients market owing to increasing demand for cider beer, beer made from fruit juice, and craft beer, which may propel the global market growth in the future.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Alcohol Ingredients Market: Regional Analysis
Europe is the dominating region for alcohol ingredients and this demand is expected to increase in the near future, due to growth in the beverage manufacturing activities. North America is considered a mature market for alcoholic beverages, owing to increasing food and beverage industries. Companies focus in this region is to occupy other regions as well. However, beverage manufacturers are planning to penetrate into newer markets primarily in the Asia Pacific. Changing consumer preferences for leading brands in the beverages in India and China may enhance the global alcohol ingredients market.
Global Alcohol Ingredients Market: Competitive Players
Key players in the global alcohol ingredients market are Treatt, Angel Yeast, Crystal Pharma, Bio Springer, D.D. Williamson, Chr. Hansen, ADM, Sensient, Dohler, Ashland, Kerry, and Synergy Flavors, and Biorigin. Other major players influencing the global market are Kothari Fermentation and Biochem, Koninklijke DSM, Suboneyo Chemicals Pharmaceuticals, and Chaitanya.
Alcohol Ingredients Market: Regional Segment Analysis
Alcoholic beverages are drinks that consist of a significant amount of ethanol. It is depressant in nature, whereas the low amount of alcohol may cause sociability, euphoria, and reduced anxiety. However, higher doses may cause unconsciousness and intoxication. In addition, long-term drinking can lead to alcoholism, alcohol abuse, and physical dependence.
According to Zion Market Research, the global demand for the Alcohol Ingredients market is expected to generate revenue of around USD 2.88 Billion by end of 2026, growing at a CAGR of around 8.29% between 2020 and 2026.
Europe is the dominating region for alcohol ingredients and this demand is expected to increase in the near future, due to growth in the beverage manufacturing activities. North America is considered a mature market for alcoholic beverages, owing to increasing food and beverage industries. Companies focus in this region is to occupy other regions as well.
Key players in the global alcohol ingredients market are Treatt, Angel Yeast, Crystal Pharma, Bio Springer, D.D. Williamson, Chr. Hansen, ADM, Sensient, Dohler, Ashland, Kerry, and Synergy Flavors, and Biorigin. Other major players influencing the global market are Kothari Fermentation and Biochem, Koninklijke DSM, Suboneyo Chemicals Pharmaceuticals, and Chaitanya.
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