The food grade alcohol market was valued at USD 9.9 billion in 2015 and is projected to grow at a CAGR of 3.9% to reach USD 12.8 billion by 2022. Food grade alcohol plays a major role in the manufacture of flavors, extracts, yeast, and other food products. Factors such as an increase in the disposable income, betterment in the quality of beverages, and advanced marketing activities have led to an increase in global beverage consumption. Owing to the increasing demand for beverages and trade in alcohol alongside expansions in emerging markets like India, China, and Brazil, the market offers potential growth opportunities in the near future.

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The objective of the report is to define, segment, and project the global market size of the food grade alcohol market based on type, application, source, and region. The report traces various opportunities and challenges in the market for the stakeholders. It draws out the competitive landscape of trends, projecting the size of the food grade alcohol market and its sub-markets in terms of volume (KT) and value (USD Million).

The Asia Pacific region is experiencing the highest growth rate due to strong industrial development policies adopted by the government. Increased government investments for urbanization and the improved standard of living of consumers have led to an increase in the consumption of food & beverage products. The strategic investors in the industry should see this as an opportunity to introduce innovative alcohol products to cater to the changing demands of manufacturers in this market.

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The food & beverage industry offers the European food grade alcohol market a prominent consumer base with opportunistic growth prospects. The region’s food industry intends to adopt innovation and new product development strategies to meet the demand and competition in this region.

Food-grade alcohol is used not only for manufacturing alcoholic beverages but also for food and healthcare & pharmaceutical products. Hence, as the demand for these consumables increases from end users, manufacturers use food-grade alcohol for making innovative food products. Europe has adopted the usage of food-grade alcohol in food, beverages, and pharma applications. The Asia-Pacific region is estimated to drive the market with the increase in demand for food-grade alcohol. The increase in consumption of alcoholic beverages and convenience food products are significantly impacting the growth of the market in this region, with the growing food-processing industry.

This report includes a study of marketing and development strategies, along with the product portfolio of key players. It includes the profiles of leading companies such as Archer Daniels Midland Company (U.S.), Cargill Inc.  (U.S.), MGP Ingredients (U.S.) Sigma-Aldrich (U.S.), and Roquette Freres S.A. (France).

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