The alcohol ingredients market size has witnessed sturdy growth in recent years. It is projected to grow from $2.23 billion in 2024 to $2.44 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. This historic growth can be attributed to factors such as evolving consumer preferences, globalization, trade, the shift in drinking culture, and the regulatory framework.
The alcohol ingredients market is poised for rapid growth in the coming years. The market size is expected to reach $3.63 billion in 2029, growing at a CAGR of 10.4%. The growth in the forecast period is expected to be driven by the rise in beverage tourism, global economic growth, innovative cocktail culture, and the growing demand for clean-label and natural ingredients.
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What Are The Key Growth Drivers in the Alcohol Ingredients Market?
The rising consumption of alcohol is significantly contributing to the growth of the alcohol ingredients market. Factors such as increased availability of alcohol, stress, boredom, and the social acceptance of alcohol are leading to an increase in alcohol consumption. As this consumption increases, the demand for ingredients used in alcoholic beverages also increases. For instance, Belarus, a tiny landlocked nation in Europe, had the highest average per-capita consumption of pure alcohol in 2022. Hence, the rising consumption of alcohol is driving the demand for the alcohol ingredient market.
How is the Alcohol Ingredients Market Segmented?
The alcohol ingredients market is segmented as follows –
1) By Ingredient Type: Colorants, Yeast, Flavours and Salt, Enzymes, Other Ingredient Types
2) By Application: Whiskey, Beer, Wine, Brandy, Spirits, Other Applications
3) By Distribution Channel: On-Trade Channels, Off-Trade Channels
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Who Are The Major Players Operating in The Alcohol Ingredients Market?
Major players operating in the alcohol ingredients market include AngelYeast Co. Ltd., Ashland Global Holdings Inc., Bio Springer SA, Cargill Incorporated, Chr. Hansen Holding A/S, Diageo Plc., Döhler GmbH, Royal DSM N.V., MGP Ingredients Inc., Sensient Technologies Corporation, Synergy Flavours, The Archer-Daniels-Midland Company, Treatt Plc., Crystal Pharma, DDW The Color House, Koninklijke DSM N.V., Kerry Group PLC, The Color House, D.D. Williamson & Co. Inc., The Edlong Corporation, International Flavors & Fragrances Inc., Firmenich SA, Givaudan SA, Takasago International Corporation, Mane SA, Robertet SA, Molson Coors Beverage Company, BASF SE, Ajinomoto Co. Inc., Novozymes A/S.
What Are The Emerging Trends in The Alcohol Ingredients Market?
Ingredient innovations are the key trend gaining popularity in the alcohol ingredients market. For instance, in March 2024, Boston Beer Co launched Truly Tequila Soda which blends the fun of tequila with the refreshment of hard seltzer, featuring real fruit juice and premium Tequila Blanco.
Which Region is Leading in the Alcohol Ingredients Market?
Asia-Pacific was the largest region in the alcohol ingredients market in 2024 and is expected to be the fastest-growing region during the forecast period.
What Does The Alcohol Ingredients Market Report 2025 Offer?
The Alcohol Ingredients Market research report offers detailed insights on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Alcohol ingredients are made by extracting yeast, enzymes, colors, and tastes from plants, fruits, and vegetables.
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