Market Size of Global Food-grade Alcohol Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Food Grade Alcohol Market Analysis
The global food-grade alcohol market is projected to register a CAGR of 5.7% during the forecast period.
- Ethanol drives the market, as it holds a significant share in the market studied. It has extensive applications in various food categories, such as in the manufacture of flavors and extracts, food dyes, candy glazes, yeast, various sprays, and animal-feed supplements.
- The rising interest for craft beer and other alcoholic beverages, among the individuals, is the major driving force for the market. In addition, the export markets are growing in the developing countries, due to better trade regulations, demographic patterns, and economic growth.
