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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Food Grade Alcohol Market Size
The global food grade alcohol market value was around USD 8.61 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.4% to reach approximately USD 13.85 billion by 2032.
Food Grade Alcohol Market Report Snapshots
Food Grade Alcohol Market Size
Food Grade Alcohol Market Growth
Food Grade Alcohol Market Share
Food Grade Alcohol Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 8.61 billion.
The market for food grade alcohol is expected to grow at a CAGR of 5.4% between 2024 and 2032.
The market for food grade alcohol is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 13.85 billion by 2032.
The major drivers of the market include rising per capita income, rapid urbanisation, and the extensive use of food grade alcohol in the pharmaceutical and nutraceutical markets.
Key trends aiding the market expansion include the technological advancements leading to improved product quality and operational efficiency, strong distribution networks, and the growing adoption of sustainable practices.
North America, Europe, Asia Pacific, Latin America, and Middle East and Africa are the significant regional markets for food grade alcohol.
The leading types of food grade alcohol in the market are ethanol, sorbitol, and xylitol, among others.
The significant sources in the market are sugarcane, sugar beet and molasses, and grains, among others.
The various applications of the food grade alcohol are food, beverages, and pharmaceutical and nutraceutical.
Key players in the market are Cargill Incorporated, Spectrum Chemical Manufacturing Corp., Manildra Group, Wilmar International Limited, Grain Processing Corporation, Archer Daniels Midland Company (ADM), Greenfield Global Inc., MGP Ingredients, Inc., Cristalco and among others
The growth of the food and beverages industry supports the demand for food grade alcohol, which is used to make various food items and in several other industries, including pharmaceuticals.
Regulatory challenges, high production costs, and dependence on raw materials are the key challenges faced by the food grade alcohol industry.
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