The global Food Grade Alcohols market was valued at USD 10.20 billion in 2016 and is projected to reach USD 14.02 billion by 2025, growing at a CAGR of 3.6% from 2017 to 2025.
Food grade alcohols are used in a variety of applications such as confectionery, pharmaceuticals and personal care products. The flavor imparting ability along with its function as preservative is driving the demand for food grade alcohols in the end-use industry.
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1. Market Drivers
1.1 Growing popularity of craft beer
1.2 Increasing global alcohol trade
2. Market Restraints
2.1 Awareness about ill effects of alcohol consumption
The global Food Grade Alcohols market is segmented on the type, source, functionality, application, and region.
1. By Type:
2. By Source:
2.1 Sugarcane and Molasses
3. By Functionality:
3.1 Coloring Agent
3.2 Flavoring Agent
4. By Application:
4.3 Pharmaceutical and Healthcare
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
2. Archer Daniels Midland Company
3. Roquette Freres
4. Sigma Aldrich
5. Cristalco SAS
6. MGP Ingredients
7. Wilmar International Limited
8. Manildra Group
9. Fonterra Co-Operative Group
10. Grain Processing Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Food Grade Alcohols market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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