What Are The Historical and Projected Market Sizes for the Global Food Grade Alcohol Market?
The food grade alcohol market has witnessed strong growth recently, with a rise from $6.38 billion in 2024 to a predicted $6.71 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. This growth in the historic period can be attributed to factors such as beverage industry growth, increased demand in the food and flavor industry, pharmaceutical and healthcare uses, consumer preference for natural ingredients, stringent quality standards, and the use of alcohol-based extracts in cosmetics.
Furthermore, the food grade alcohol market is anticipated to continue its robust growth trajectory in the coming years. It is projected to escalate to $8.25 billion in 2029 at a CAGR of 5.3%. This expected growth is ascribed to sustainable and eco-friendly practices, increased culinary arts applications, a shift towards traceability and transparency, functional and infused beverages, and a growing interest in local and artisanal products. Also notable are major trends like advances in fermentation technologies, a rise in clean label products, flavor infusions and extracts, research and development for new applications, technology advancements in production.
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What Is Driving the Growth of the Food Grade Alcohol Market?
The growth of the food-grade alcohol market is being catalyzed by a spike in the consumption of alcoholic beverages. Food-grade alcohol, otherwise known as neutral alcohol, is derived from cereals, grapes, molasses, potatoes, and other agricultural or horticultural goods, and is used in the manufacture of several alcoholic beverages. For instance, gin can be brewed from neutral-grain alcohol infused with herbs and spices. Reportedly, in December 2023, global beer consumption surged by about 5.4 million kiloliters (equating to 8.5 billion bottles of 633 ml each) in 2022, as depicted in data published by Japan-based Kirin Holdings Co. Ltd. This rising consumption trend of alcoholic beverages is paving a robust pathway for the growth of the food-grade alcohol market.
What Are the Major Segments Within the Global Food Grade Alcohol Market?
The food grade alcohol market covered in this report is segmented into:
– By Product: Ethanol, Polyols
– By Source: Sugarcane and Molasses, Fruits, Grains
– By Function: Coatings, Preservatives, Flavoring, Other Functions
– By Application: Spirits, Vinegar, Extracts, Cosmetics, Pharmaceutical, Industrial Application
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What Key Companies Are Operating In the Food Grade Alcohol Market?
Major companies operating in the food grade alcohol market include MGP Ingredients inc., Cargill Incorporated, Archer Daniels Midland Co., Cristalco SAS, Grain Processing Corporation, Wilmar International Ltd., Malindra Group., MOLINDO Group, Extractohol, Pure Alcohol Solutions, Ethimex Ltd., Roquette Freres SA, Glacial Grain Spirits LLC, INGREDION Inc., Ethanolsa Pty Ltd., Bartow Ethanol of Florida L.C., Greenfield Global Inc., Bartlett Grain Company, United Ethanol LLC, Pacific Ethanol Inc., Valero Energy Corporation, Flint Hills Resources, Green Plains Inc., The Andersons Inc., White Energy, Big River Resources LLC, Southwest Iowa Renewable Energy LLC, Marquis Energy LLC, ICM Inc.
What Innovative Trends Are Evident in the Food Grade Alcohol Market?
Innovations in craft breweries have emerged as a key trend in the food-grade alcohol market. Vital players in the market are focusing on developing innovative craft breweries to retain their position. For instance, in April 2022, Bira 91, an India-based craft beer brand, launched Imagined in India, a collection of four seasonal beers inspired by local ingredients and India’s vibrant creative culture. Each beer is brewed with unique local and seasonal ingredients, providing a unique and flavorful experience.
What Regions Are Leading the Food Grade Alcohol Market?
Asia-Pacific held the largest share in the food grade alcohol market in 2024. The report covers other geographic regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Food Grade Alcohol Market Report 2025 Offer?
Food-grade alcohol is pure, safe for consumption ethyl alcohol with no additives. It is a natural, volatile solvent deemed safe for human contact and finds use in a myriad of food-grade applications. It is leveraged in the food and beverage industry, as well as the pharmaceutical and medical, cosmetic, and electronic industries. The Food Grade Alcohol Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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