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Food Grade Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 145 pages | ID: F6FCBAC3F4FFEN
IMARC Group

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The global food grade alcohol market size reached US$ 8.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Food grade alcohol is obtained by the fermentation of starch-containing plants, such as cereals, beets, or sugarcane, using yeast cells. It is widely employed in the food and beverage (F&B) industry to serve as a base for distilled spirits, such as vodka, gin and liqueurs, and a solvent for colorants and flavors in different food products. Besides this, it is used by bakers for decorating cakes through airbrushing.

Food Grade Alcohol Market Trends:
The increasing consumption of alcoholic beverages across the globe represents one of the key factors impelling the growth of the market. Moreover, food grade alcohol is used to extract cannabis oil from hemp or cannabis biomass as it is healthier and safer to handle than other hydrocarbon extraction methods. It is also considered ideal for small, medium, and large-scale hemp processors on account of its high evaporation rate and ease of separation from cannabis oil. Additionally, the rising development of therapies and other consumer products derived from cannabis and its components, including cannabidiol (CBD) is catalyzing the demand for food grade alcohol worldwide. Apart from this, it is extensively utilized in the pharmaceutical industry for decongestants, pills, vitamins, cough syrup preparations, and iodine solutions. This can be accredited to its coating, sweetening, emollient, bulking, anti-crystallizing, and stabilizing properties. Furthermore, there is a rise in the popularity of nutraceutical products on account of their antiviral, anti-inflammatory, and immunomodulatory properties. This, coupled with the burgeoning pharmaceutical industry, is creating a positive outlook for the market. Other factors, including the increasing western influence and rising popularity of craft beer among millennials, are anticipated to facilitate the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food grade alcohol market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, source, function and application.

Breakup by Product:

Ethanol
Polyols

Breakup by Source:

Molasses and Sugarcane
Fruits
Grains
Others

Breakup by Function:

Coatings
Preservative
Coloring and Flavoring Agent
Others

Breakup by Application:

Healthcare and Pharmaceutical
Food
Beverages
Personal Care
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Cargill Incorporated, Cristalco, Ethimex Ltd, Extractohol, Glacial Grain Spirits, Grain Processing Corporation (Kent Corporation), Manildra Group, MGP Ingredients Inc., Molindo Group, Pure Alcohol Solutions, Roquette Fr?res and Wilmar Sugar Pty Ltd. (Wilmar International Limited).

Key Questions Answered in This Report
1. What was the size of the global food grade alcohol market in 2022?
2. What is the expected growth rate of the global food grade alcohol market during 2023-2028?
3. What has been the impact of COVID-19 on the global food grade alcohol market?
4. What are the key factors driving the global food grade alcohol market?
5. What is the breakup of the global food grade alcohol market based on the product?
6. What is the breakup of the global food grade alcohol market based on the source?
7. What is the breakup of the global food grade alcohol market based on the function?
8. What are the key regions in the global food grade alcohol market?
9. Who are the key players/companies in the global food grade alcohol market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL FOOD GRADE ALCOHOL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Ethanol
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Polyols
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY SOURCE

7.1 Molasses and Sugarcane
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Fruits
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Grains
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY FUNCTION

8.1 Coatings
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Preservative
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Coloring and Flavoring Agent
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Healthcare and Pharmaceutical
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Food
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Beverages
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Personal Care
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Archer-Daniels-Midland Company
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Cargill Incorporated
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 SWOT Analysis
  15.3.3 Cristalco
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Ethimex Ltd
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Extractohol
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Glacial Grain Spirits
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Grain Processing Corporation (Kent Corporation)
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Manildra Group
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 MGP Ingredients Inc.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Molindo Group
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Pure Alcohol Solutions
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Roquette Fr?res
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 SWOT Analysis
  15.3.13 Wilmar Sugar Pty Ltd. (Wilmar International Limited)
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Food Grade Alcohol Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Food Grade Alcohol Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Food Grade Alcohol Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: Food Grade Alcohol Market Forecast: Breakup by Function (in Million US$), 2023-2028
Table 5: Global: Food Grade Alcohol Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Food Grade Alcohol Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Food Grade Alcohol Market: Competitive Structure
Table 8: Global: Food Grade Alcohol Market: Key Players

LIST OF FIGURES

Figure 1: Global: Food Grade Alcohol Market: Major Drivers and Challenges
Figure 2: Global: Food Grade Alcohol Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Food Grade Alcohol Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Food Grade Alcohol Market: Breakup by Product (in %), 2022
Figure 5: Global: Food Grade Alcohol Market: Breakup by Source (in %), 2022
Figure 6: Global: Food Grade Alcohol Market: Breakup by Function (in %), 2022
Figure 7: Global: Food Grade Alcohol Market: Breakup by Application (in %), 2022
Figure 8: Global: Food Grade Alcohol Market: Breakup by Region (in %), 2022
Figure 9: Global: Food Grade Alcohol (Ethanol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Food Grade Alcohol (Ethanol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Food Grade Alcohol (Polyols) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Food Grade Alcohol (Polyols) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Food Grade Alcohol (Molasses and Sugarcane) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Food Grade Alcohol (Molasses and Sugarcane) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Food Grade Alcohol (Fruits) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Food Grade Alcohol (Fruits) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Food Grade Alcohol (Grains) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Food Grade Alcohol (Grains) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Food Grade Alcohol (Other Sources) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Food Grade Alcohol (Other Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Food Grade Alcohol (Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Food Grade Alcohol (Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Food Grade Alcohol (Preservative) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Food Grade Alcohol (Preservative) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Food Grade Alcohol (Coloring and Flavoring Agent) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Food Grade Alcohol (Coloring and Flavoring Agent) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Food Grade Alcohol (Other Functions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Food Grade Alcohol (Other Functions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Food Grade Alcohol (Healthcare and Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Food Grade Alcohol (Healthcare and Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Food Grade Alcohol (Food) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Food Grade Alcohol (Food) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Food Grade Alcohol (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Food Grade Alcohol (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Food Grade Alcohol (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Food Grade Alcohol (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Food Grade Alcohol (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Food Grade Alcohol (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Food Grade Alcohol Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Food Grade Alcohol Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Food Grade Alcohol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Food Grade Alcohol Industry: SWOT Analysis
Figure 89: Global: Food Grade Alcohol Industry: Value Chain Analysis
Figure 90: Global: Food Grade Alcohol Industry: Porter's Five Forces Analysis


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