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Expansive market analysis reveals that the global grain alcohol market is expected to grow from $14.58 billion in 2024 to $15.31 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The market witnessed significant growth in the historic period owing to the traditional use of grain alcohol in beverage and spirits production, a surge in global demand for alcoholic beverages, the cultural significance of spirits, and the expansion of the craft distillery and artisanal spirits industry.
Furthermore, the forecast period holds promising growth, with the market projected to reach $19.8 billion in 2029 at a CAGR of 6.6%. This growth is attributable to factors such as consumer interest in premium and high-quality alcoholic beverages, innovation in flavored and infused grain alcohol products, demand for ethanol in industrial and pharmaceutical applications, and the sustainable sourcing of grains for alcohol production.
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What Are the Key Drivers for the Grain Alcohol Market?
The grain alcohol market’s growth is primarily driven by the increasing consumption of alcoholic drinks. High consumer spending and rampant urbanization have led to a rise in the demand for alcohol. As reported by the National Drugs Library in March 2023, in 2022, the average alcohol consumption for individuals over 15 reached 10.2 liters of pure alcohol per capita, a 7.6% increase from 2021. This increasing rate of alcohol consumption is a key driver for the grain alcohol market.
Which Are the Key Segments Within the Global Grain Alcohol Market?
The grain alcohol market can be effectively segmented into:
1) By Type: Ethanol, Polyols
2) By Source: Sugarcane, Grains, Fruits, Other Sources
3) By Functionality: Preservative, Coloring Or Flavoring Agent, Coatings, Other Functionalities
4) By Application: Beverages, Food, Pharmaceutical And Health Care, Other Applications
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Who Are the Major Players in the Grain Alcohol Market?
Notable firms in the grain alcohol market include Archer-Daniels-Midland Company, Cargill Inc., Kweichow Moutai Co. Ltd., Roquette Frères SA, MGP Ingredients Inc., Cristalco SAS, Wilmar International Limited, and Manildra USA among others.
What Are the Emerging Trends in the Grain Alcohol Market?
In pursuit of offering high-quality products, major market players are focusing on innovative whiskies. These unique products are distilled from fermented grain mash and aged in oak barrels, offering a range of flavors from smoky to sweet. For instance, in August 2023, India-based Pernod Ricard launched Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky.
Which Region Holds the Lion’s Share in the Grain Alcohol Market?
In 2024, Europe dominated the grain alcohol market while Asia-Pacific is expected to witness rapid growth in the forecast period. The report covers all global regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Makes the Grain Alcohol Market Unique?
The Grain Alcohol Market from The Business Research Company offers a comprehensive analysis of market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Grain alcohol is a distilled neutral spirit made from fermented grains, fruits, sugarcane, and is used in various alcoholic drinks like wine, vodka, among others.
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