The Alcohol Ingredients Global Market Report 2023, provides comprehensive information on the alcohol ingredients market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Top 5 Major Key Players Are:
AngelYeast Co. Ltd.
Ashland Global Holdings Inc.
Bio Springer SA
Cargill Incorporated
Chr. Hansen Holding A/S
Learn More On The Alcohol Ingredients Market’s Growth:
https://www.thebusinessresearchcompany.com/report/alcohol-ingredients-global-market-report
As per The Business Research Company’s Alcohol Ingredients Global Market Report 2023, the market size is expected to grow from $1.87 billion in 2022 to $2.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global alcohol ingredients market size is expected to grow to $2.91 billion in 2027 at a CAGR of 9.1%.
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Ingredient innovations are the key trend gaining popularity in the alcohol ingredients market. Major companies operating in the alcohol ingredients market are involved in ingredient innovations to improve the alcohol fermentation process and increase alcohol yield as well as gain a competitive edge in the market. For instance, in October 2021, Novozymes A/S, a Denmark-based biotechnology company focusing on research, development, and production of industrial enzymes, microorganisms, and biopharmaceutical ingredients launched Innova Quantum yeast. The strong new yeast enables ethanol facilities to achieve higher ethanol yields and processing efficiency even with extended fermentation durations of more than 60 hours. Most significantly, plants may accomplish this industry-leading output without making compromises that endanger their business. Producers can increase ethanol yield by 2-3% with the new yeast, which for a 100MGY plant translates to an additional $1-2 million in revenue. Designed to operate in fermentations for more than 60 hours, Quantum with new strain development is capable of converting the most sugar to ethanol while significantly lowering fermentation by-products such as glycerol up to 40% – all without the trade-off and risk of robustness loss experienced with competing yeasts. And, Quantum expands plant flexibility fermenting to more than 16% w/v ethanol concentrations, while eliminating the need for expensive nutritional supplements.
The alcohol ingredients market is segmented:
1) By Ingredient Type: Colorants, Yeast, Flavors 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
Asia-Pacific was the largest region in the alcohol ingredients market in 2022.
The table of contents in TBRC’s alcohol ingredients market report includes:
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List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Alcohol Ingredients Market, Segmentation By Ingredient Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Alcohol Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Alcohol Ingredients Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: AngelYeast Co. Ltd. Financial Performance
Table 47: Ashland Global Holdings Inc. Financial Performance
Table 48: Bio Springer SA Financial Performance
Table 49: Cargill Incorporated Financial Performance
Table 50: Chr. Hansen Holding A/S Financial Performance
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