Description
Global Alcohol Ingredients Market to surpass USD 7.25 billion by 2030 from USD 1.73 billion in 2020 at a CAGR of 8.67 % in the coming years, i.e., 2021-30.
Alcohol Ingredients Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 1.73 billion
Revenue forecast in 2030 USD 7.25 billion
Growth Rate CAGR of 8.67 % from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered End-user, phase, and Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled Treatt Plc; Biospringer, AngelYeast Co., Ltd.; Chr. Hansen A/S; DDW; The Color House; Sensient Technologies; The Archer Daniels Midland Company; Döhler; Kerry, Inc.; and Ashland Global Specialty Chemicals, Inc., Other Prominent Players.
Product Overview
Ethanol, or ethyl alcohol, is another name for alcohol. All alcoholic beverages, such as wine, beer, and spirits such as whiskey, vodka, and others, contain alcohol. In the pharmaceutical sector, alcohol is also employed as a medication. When yeast ferments the carbohydrates in various foods, alcohol is produced. Grain, fruits, sugar, vegetables, yeast, bacteria, and other materials are needed to manufacture alcohol.
Alcohol is made through a fermentation process in which bacteria or yeast reacts with the carbohydrates in food to produce ethanol and carbon dioxide as by-products. Alcohol ingredients are required for the fermentation to be completed. If any of the alcohol ingredients are missing, fermentation will be impossible.
Market Highlights
Global Alcohol Ingredients Market is expected to project a notable CAGR of 8.67 % in 2030.
The demand for alcohol components is being driven by the rising consumption of alcoholic beverages among individuals around the world. Furthermore, rising global alcohol commerce is expected to have a substantial impact on the market for alcohol ingredients.
Global Alcohol Ingredients Market: Segments
Beer segment to grow with the highest CAGR during 2020-30
Global Alcohol Ingredients Market is segmented by application into Beer, Spirits, and Wine. The media and broadcasting industry is vast and diverse. Beer had a revenue share of more than two-fifth of the global market.
Cereal grains, yeast, hops, and water are the main ingredients in beer manufacture. Beer’s popularity has grown as people become more aware of its health benefits. Vitamins, natural antioxidants, proteins, low calories, and carbs are all present. These nutritional characteristics aid in the prevention of CVDs, kidney stones, high cholesterol levels, and muscle regeneration.
Flavors segment to grow with the highest CAGR during 2020-30
Global Alcohol Ingredients market is divided by product into Enzymes, Yeast, Colorants, and Flavors & Salts. The largest segment, flavors, and salts accounted for XX percent of the global market in 2021. The need for tastes and salts is being fueled by the growing popularity of flavored drinks such as flavored beer, whisky, and wine.
In recent years, the increased usage of fruits as a taste has enlarged the portfolio of flavored drinks and attracted new customers. This segment is growing rapidly throughout Europe, particularly in France and the United Kingdom.
Market Dynamics
Drivers
Rising consumption and worldwide demand
The demand for alcohol components is being driven by the rising consumption of alcoholic beverages among individuals around the world. Furthermore, rising global alcohol commerce is expected to have a substantial impact on the market for alcohol ingredients.
Increase in number of hotels, and taverns, etc.
The increasing number of hotels, taverns, and pubs has a significant impact on the market for alcohol ingredients. Individuals’ food and beverage consumption patterns are shifting, which is likely to create untapped opportunities for industry participants. Socializing is becoming more popular as the world’s young population grows.
Due to the demand generated by youthful consumers, competitive pricing, and a variety of options, the number of pubs, bars, and brewers providing alcoholic beverages has expanded dramatically. As a result of these phenomena, the consumption of alcoholic beverages has increased, propelling the growth of the alcohol components market.
Restraint
Anti-alcohol campaigns
Anti-alcohol measures are projected to continue to be major roadblocks for the sector. Government laws, such as making cheap alcohol less available, and anti-alcohol campaigns, are examples of these influences.
These ads have raised consumer awareness of health issues in recent years. Furthermore, higher taxation and government regulation of the alcohol business are likely to reduce industrial output, limiting the market’s development potential in the near future. stifle the market’s expansion for alcohol ingredients.
Global Alcohol Ingredients Market: Key Players
Brightcove (US)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Treatt Plc
Biospringer
AngelYeast Co., Ltd.
Chr. Hansen A/S
DDW
The Color House
Sensient Technologies
The Archer Daniels Midland Company
Döhler
Kerry, Inc.
Other Prominent Players
Global Alcohol Ingredients Market: Regions
Global Alcohol Ingredients Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Alcohol Ingredients market in Europe held the largest market share of XX% in the year 2020. Europe was the most prominent area, accounting for over 35% of worldwide market share.
The region’s product demand is being driven by the rapid expansion of the alcohol industry. More than 50% of the world’s wine is produced in Europe. With the presence of major producers of the sector, it is the world’s largest exporter of alcohol. Germany, France, the United Kingdom, and Italy are Europe’s most important marketplaces.
The top wine-consuming countries are France, Italy, Spain, Romania, and Portugal. Similarly, beer consumption is highest in Germany, the United Kingdom, and Ireland, whereas vodka consumption is highest in Russia, Poland, Ukraine, and Norway. Lager has the biggest market share among the numerous types of beer.
Global Alcohol Ingredients market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Alcohol Ingredients market report also contains analysis on:
Alcohol Ingredients market Segments
By product
Enzymes
Yeast
Colorants
Flavors & Salts
By application
Beer
Spirits
Wine
Alcohol Ingredients market Dynamics
Alcohol Ingredients market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
