The report also emphasized the issues that influence the global Grain Alcohol Market including cost, market share, import, capacity utilization, gross margin, and supply. Moreover, the report also highlights the future scope of the global market for the upcoming period. Furthermore, the Grain Alcohol Market research report incorporates qualitative data to understand market dynamics, trends, and developments. It also offers top-notch insights about current trends and future estimations of the market.
Grain Alcohol Market, by Type (Ethanol, Polyols), Application (Food, Beverages, Pharmaceutical & Healthcare), Source (Sugarcane, Grains, Fruits), Functionality (Preservative, Coloring/Flavoring Agent, Coatings) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Grain Alcohol Market Overview
The global Grain Alcohol market size is projected to reach USD 15 billion by 2026 at a CAGR of 4.2% from USD 12.3 billion in 2021 during the forecast period 2021-2028.
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Grain alcohol is basically a purified version of ethyl alcohol and is better known as rectified spirit or neutral grain spirit. It is a colourless, clear liquid, which is tasteless and also lack fragrance. It is made by the fermentation of the grains and thus is named so.
With the recent trend of alcohol use along with the worldwide increase in production of craft beer are some of the factors that have supported long-term expansion for Grain Alcohol Market.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With the nationwide lockdown across the globe has resulted into disrupted supply chains and the shortage of raw material have impacted the sector.
Grain Alcohol Market Regional Analysis
Europe is expected to be the largest market during the forecast period. The European market has been one of the largest ever since and has continued to mark its dominance due to the high consumption level of alcohol and the high demand for low calorie food and weather conditions.
Grain Alcohol Market Competitive Landscape
Key Players
· ADM
· Cargill
· Merck Group
· Roquette Frères
· MGP Ingredients
· Cristalco
· Grain Processing Corporation
· Wilmar Group
· Manildra Grou
· Glacial Grain Spirits
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Recent Developments in the Grain Alcohol Market
· In January 2021, MGP completed the acquisition of Luxco (US) and its affiliated companies which is a leading branded beverage alcohol company. MGP Ingredients expects to increase its scale and market position in the branded-spirits sector by this acquisition.
· In February 2021, a large, high-quality, efficient distillery was set up by grain processing corporation in Muscatine for the production of alcohol.
Reasons to Acquire Grain Alcohol Market Report
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Grain Alcohol market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Grain Alcohol Market is segmented into type, application, source, functionality and geography.
On the basis of Type
Ethanol
Polyols
On the basis of Application
Beverages
Food
Pharmaceutical & health care
On the basis of Source
Sugarcane
Grains
Fruits
Other sources (corn and rice)
On the basis of Functionality
Preservative
Coloring/flavoring agent
Coatings
Other functionalities (solubility, antifreeze, flammability, and volatility)
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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