The Grain Alcohol Market value was $12.96 billion in 2022 and is expected to reach $16.27 billion by 2028 with a CAGR Of 4.5% during the forecast period 2023-2028

The purified form of ethyl alcohol is ethanol, usually known as ethanol. Ethnol is also known as rectified spirit or neutral grain spirit. The following grains are frequently used in the production of grain alcohol: corn, rye, wheat, grapes, cereals, sugarcane, tubers, and beets. Among the well-known brands sold in the market are Ever Clear, Alcohol-95, and Golden Grain. In nations like Mexico and Canada, a fermented mixture of corn, sugar, yeast, and water is used to make grain alcohol. Other grains, such wheat and rye, can be used in place of corn. Yeast is used to ferment the carbohydrates in cereals. This also refers to pure, high-proof alcohol that has undergone numerous rounds of distillation to create the final product. There are no additional smells or odors in the clear liquid.

To know more, read:

https://www.marketdataforecast.com/market-reports/grain-alcohol-market

Market Drivers and Restraints:

Breweries have multiplied dramatically over the past ten years, which has aided in the expansion of the grain alcohol market worldwide. More people than ever before are consuming beer. To meet the demand for beer, well-known and local breweries use grain alcohol manufactured from barley. Global demand for grain alcohol is being driven by the preference of young people for local or small independent breweries' beers. More people living in cities, changing lifestyles, increased use of alcoholic beverages, millennials' predilection for beer, and higher earnings are further factors that contribute to the growing demand for the grain alcohol industry. Additionally, young people all over the world are becoming interested in the popularity of craft beers with distinctive flavors like salty or fruity tastes.

Due to its high alcohol content, grain alcohol is regarded as being extremely dangerous. Drinking excessively can soon result in drunkenness, which impairs your ability to think clearly, move with balance, and maintain self-control. Australia, Brazil, the United States, and India are among the nations that are taking action to address the harmful consequences that alcohol consumption has on people's health. Given the sensitivity and importance of the alcohol industry, even a slight price increase by the government or other groups can drastically lower the amount of alcohol that people consume. This is a significant factor in the grain alcohol market's underperformance.

Ask for a sample report @ https://www.marketdataforecast.com/market-reports/grain-alcohol-market/request-sample

The report is segmented as follows:

By Type

Ethanol
Polyols
By Application

Food &Beverages
Pharmaceuticals
Healthcare
By Source

Grains
Fruits
Sugarcane
Regional Segmentation:

North America
Europe
Asia Pacific
Latin America
Middle east and Africa
Impact of COVID-19 pandemic on the market:

The second wave of COVID-19 has reportedly had a detrimental impact on the worldwide market and created uncertainty in the forecast, according to United Breweries, a significant player in the beverage business. Many nations implemented lockdowns during this wave to stop the virus' spread, which had an effect on the market for grain alcohol manufacturing and distribution. The second and third waves of the pandemic had an impact on the grain alcohol market at the beginning of the fiscal year, which created more uncertainty. While government controls impacting transportation caused difficulties for brewing operations in several European and other locations, beer production has resumed normally when lockdowns were removed globally. Compared to poorer and developing countries, wealthy countries have seen a greater influence by COVID-19, which has prompted multinational corporations to concentrate their efforts on these markets.

About Us:

Market Data Forecast is a firm working in market research, business intelligence, and consulting. We have rich research and consulting experience for various business domains to cater to individual and corporate clients’ needs.

Contact Us:

Market Data Forecast

Phone: +1-888-702-9626

Email: [email protected]