Grain Alcohol Market Size is anticipated to reach at a CAGR of 4.5% during the forecast period
Over the forecast period of 2022–2030, the worldwide
grain alcohol market is estimated to grow at a compound
annual growth rate (CAGR) of 4.5%.
Grain alcohol, also known as ethanol, rectified spirit,
or neutral grain spirit, is a neutral spirit that is produced by fermenting
grains and is twice distilled. It can be produced from corn, rye, wheat,
grapes, cereals, sugarcane, tubers, and beets. It is the fine, pure form of
ethyl alcohol. Under numerous brand names, including Everclear, Alcohol-95, and
Golden Grain, it is offered for sale all around the world.
The majority of alcohol made from grains goes into making
white spirits like vodka and gin. But, it is also utilised in a number of
finished products as a food colour, preservative, or coating.
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Covid-19 Impact on
Grain Alcohol Market:
The Covid-19 epidemic has had a favourable impact on the
global grain alcohol business.
Most sanitizers and disinfectants are made from ethanol and other types of
alcohol. The demand and usage of these hand sanitizers and disinfectants have
increased dramatically since the coronavirus outbreak in 2019, which has proven
advantageous and fueled the expansion of the worldwide grain alcohol market.
Growth Drivers:
The world's rapidly increasing production and consumption
of a wide range of alcoholic beverages; the proliferating consumer demand for
food products containing grain alcohol; the growing effects of rapid
westernisation and urbanisation, which are driving up demand for grain alcohol
in various countries; the rising demand from the food processing industry,
which is driving up production and consumption of food and beverage products;
and the burgling of the world's cities.
Moreover, grain alcohol is increasingly being used as
coatings, preservatives, or food colours in the final products of several end-user
industries, including health & personal care and food & drinks. Due to
this expanding use, their demand across these end-user sectors is quickly
gaining momentum, which is significantly accelerating the market's growth.
Ample growth opportunities are also anticipated to be
provided for the global grain
alcohol market during the forecast period by additional
factors including the rising middle-class population, changing lifestyles,
rising disposable incomes, the widespread availability of natural sources of
grain alcohol in developing countries, and the rising popularity and demand of
craft and local beer.
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Grain Alcohol Market Segmentation:
By Type:
· Ethanol
· Polyols
By Application:
· Beverages
· Food
· Pharmaceutical
& Health Care
By Source:
· Sugarcane
· Grains
· Fruits
· Other
Sources
·
Corn
·
Rice
By
Functionality:
· Preservative
· Coloring/Flavoring
Agent
· Coatings
· Other
Functionalities
·
Solubility
·
Antifreeze
·
Flammability
·
Volatility
By Region:
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East and Africa
Key Companies in Grain Alcohol Market:
· Grain
Processing Corporation
· Wilmar
Group
· Cargill
· Merck
Group
· Manildra
Group
· ADM
· Roquette
Frères
· MGP
Ingredients
· Cristalco
· Glacial
Grain Spirits
· Other
Players
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