Grain Alcohol Market Size is anticipated to reach at a CAGR of 4.5% during the forecast period


Posted April 5, 2023 by Jameslin

During the projected period of 2022–2030, it is expected that the global geotechnical instrumentation and monitoring market will expand at a compound annual growth rate (CAGR) of 10.0%.

 
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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Issued By James
Country United States
Categories Food , Industry , News
Tags grain alcohol market , grain alcohol market size , grain alcohol market share , grain alcohol market news
Last Updated April 5, 2023