According to the report, global demand for Food Grade Alcohol market was valued at approximately USD 2.34 Billion in 2019, and is expected to generate revenue of around USD 3.10 Billion by end of 2026, growing at a CAGR of around 3.5% between 2020 and 2026.
The report covers forecast and analysis for the Food Grade Alcohol market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the Food Grade Alcohol market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Food Grade Alcohol market on a global as well as regional level.
In order to give the users of this report a comprehensive view on the Food Grade Alcohol market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Source and end-use segment are benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the Food Grade Alcohol market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the Food Grade Alcohol market on global and regional basis.
The recent outbreak of COVID-19 has resulted in a significant increase in the demand for hand sanitizers and surface disinfectants, thereby increasing the demand for the product. Various chemical and beverage manufacturing companies have started production of food-grade alcohol-based hand sanitizers and surface disinfectants in order to meet the increasing demand end-users.
The study provides a decisive view on the Food Grade Alcohol market by segmenting the market based on types, Source, Application. The type segments covered under this study includes Ethanol and Polyols. The Source segments covered under this study includes Sugarcane, Grains, Fruits, Others and bleach. The Application segments covered under this study include Food, Healthcare and Pharmaceutical. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This segmentation includes demand for individual segments in all the regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global Food Grade Alcohol market. Key players profiled in the report include Archer Daniels Midland Company, Cargill , Sigma-Aldrich, Roquette Frères, MGP Ingredients, Cristalco S.A.S, Grain Processing Corporation, Wilmar International Limited, Fonterra Co-Operative Group, Manildra Group.
.This report segments the Global Food Grade Alcohol Market as follows:
Global Food Grade Alcohol Market: Type Analysis
Global Food Grade Alcohol Market: Source Analysis
Global Food Grade Alcohol Market: Application Analysis
Global Food Grade Alcohol Market: By Region
Rising population and rapid urbanization facilitated the need for quality food products. Moreover, food grade alcohol is utilized for food preservation are likely to drive the food grade alcohol market during the forecast period.
According to the report, global demand for Food Grade Alcohol was valued at approximately USD 2.34 Billion in 2019, and is expected to generate revenue of around USD 3.10 Billion by end of 2026, growing at a CAGR of around 3.5% between 2020 and 2026.
Europe is likely to dominant regional market in the forecast period. The rising application in the food and beverage sector to fulfill the demand of a large consumer base is expected to generate the regional market growth.