Chicago, November 4, 2021 /PRNewswire Agents, colorants/flavoring agents, coatings), and by region-global forecast to 2026", released by MarketsandMarkets™, the global grain alcohol market in 2021 is estimated to be 12.2 billion U.S. dollars and is expected to reach 14.9 billion U.S. dollars to In 2026, the compound annual growth rate during the forecast period is 4.1%. Increasing demand for grain alcohol in various industries such as food and beverage, health and personal care is driving the development of the global grain alcohol market. Due to increased beer production and increased demand for craft beer, the grain alcohol market is gaining momentum. The use of ethanol in the beverage industry has led to the growth of the grain alcohol market for beverage applications. Grain alcohol is also used as a preservative, food coloring or coating in the final product.
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Based on the application, the beverage segment is expected to witness significant growth during the forecast period.
The beverage sector includes beer, wine, spirits and other beverages such as RTD, premix, cider and Perry. Beer is the most widely consumed alcoholic beverage in the world and the third most popular beverage after water and tea. Global beer consumption is mainly driven by the growth of disposable income, the improvement of beer quality, marketing and advertising activities, and the steady growth of the beer consumer base. Wine is an alcoholic beverage made from the fermentation of grapes or other fruits. Spirits are alcoholic beverages made from ethanol obtained by distilling grains, fruits, or vegetables through fermentation. The concentration of ethanol in spirits is increased by a method called distillation to be higher than the concentration of the original fermentation mixture. With the rapid growth in demand for alcoholic beverages and the increase in production, the beverage segment may grow at the highest rate during the forecast period.
Divided by type, the polyol segment is expected to experience higher growth during the forecast period.
The various polyols considered in the study include sorbitol, maltitol, xylitol, mannitol, and erythritol. Sorbitol is a low-calorie sugar called polyol or sugar alcohol. Naturally, it is found in foods including apricots and plums. Its uses include maintaining moisture in the product, a large amount of sweeteners, and ingredients in sugar-free candies, chewing gum, and medicines. Maltitol is a sugar alcohol. Because it does not cause tooth decay, has less calories, and has less effect on blood sugar, it is used as a sugar substitute. The multiple applications of polyols in the food and beverage industry are expected to drive the growth of this segment.
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The Asia-Pacific region is expected to achieve the highest growth during the forecast period.
The Asia-Pacific region is characterized by dense population and urbanization, which has led to an increase in the consumption of food and beverage products. This in turn provides opportunities for the grain alcohol market to meet the changing needs of manufacturers and end consumers by launching new and innovative alcohol products, thereby consolidating its position in the food and beverage industry.
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This report includes research on marketing and development strategies, as well as the product portfolio of leading companies. It is composed of profiles of leading companies, including ADM (United States), Cargill (United States), Merck Group (Germany), Roquette Frères (France), MGP Ingredients (United States), Cristalco (France), Grain Processing Corporation (United States), Wilmar Group (Singapore), Manildra Group (Australia), Glacial Grain Spirits (USA).
Brewing ingredients market by source (malt extract, excipients/grains, hops, brewer's yeast and beer additives), brewery size (large breweries and craft breweries), form (dry and liquid), and region-to 2026 Global forecast for the year
https://www.marketsandmarkets.com/Market-Reports/brewing-ingredient-market-248523644.html
Industrial alcohol market by type (ethanol, methanol, isopropanol, and isobutanol), source (sugar cane and bagasse, corn, grain, molasses, and fuel), application, and region-global forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/industrial-alcohol-market-202506822.html
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