Grain alcohol is a spirit made from fermented grains. Ethanol is the refined version of ethyl alcohol, often known as ethanol, neutral grain spirit, or rectified spirit. In the grain alcohol market, which is a neutral spirit, corn, rye, wheat, grapes, cereals, sugarcane, tubers, and beets can all be used as raw materials. Among the brand names available are Everclear, Alcohol-95, and Golden Grain. It is created in nations such as Mexico and Canada from a fermented mixture of corn, sugar, yeast, and water.
Grain Alcohol Market Report Scope and Research Methodology:
The research serves as a strategic planning reference for organisations, and it contains Grain Alcohol market supply, trends, share, and recent changes. The study aids in the analysis of major players, pricing, and revenue, as well as Grain Alcohol industry sales channels, distributors, dealers, and traders, company strengths and weaknesses, research results, conclusion, data source, and appendices.
The study includes company profiles, revenue, price, product specifications, product capacity and sales, and gross margin sales, as well as an in-depth examination of the Grain Alcohol market's competitive landscape with particular data on vendors. The bottom-up technique was used to estimate the regional and worldwide Grain Alcohol market size, while SWOT analysis was utilised to offer the strengths and weaknesses of the industry's main players.
Grain Alcohol Market Report Overview:
The study is based on key organisation forecasts as well as Grain Alcohol Market statistics. The Grain Alcohol market research provides information on the growth variables, current market share, technical advances, applications, and regional penetrations by 2029.
Grain Alcohol Market size was valued at US$ 13.04 Bn in 2022. The Global Grain Alcohol Market is estimated to grow at a CAGR of 4.4% over the forecast period.
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Grain Alcohol Market Dynamics:
The recent expansion in the number of brewers has been a primary driver of grain alcohol market growth. In recent years, beer consumption has increased at an exponential rate. To address the needs of beer, major market participants and local manufacturers are acquiring grain alcohol from barley. In addition, the growing popularity of craft beer and locally made beer among young people is predicted to increase global demand for alcoholic beverages.
Grain Alcohol Market Regional Analysis:
The market report Grain Alcohol examines all regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The report provides the current state and prognosis of the regional Grain Alcohol market in terms of market size, share, and volume.
Grain Alcohol Market Segmentation:
The market is divided into four applications: beverages, foods, pharmaceuticals and health care, and others. In 2020, the Beverages Segment held a 47% share of the grain alcohol market. The drinks area includes beer, wine, spirits, and other beverages such as ready-to-drink (RTD), premixes, cider, and perry. Beer is the world's most popular alcoholic beverage, as well as the third most popular drink overall, trailing only water and tea. Rising disposable income, improvements in beer quality, marketing and promotional activities, and an ever-expanding beer-consuming population base are all pushing worldwide beer consumption. Wine is an alcoholic beverage made from fermented grapes or other fruits.
The Pharmaceuticals & Health Care segment, on the other hand, is predicted to increase at a CAGR of 6.3% during the projection period. In the pharmaceutical industry, ethanol is used as a preservative in many liquid formulations. Ethanol is utilised as a solvent in plant alkaloids-based medications. The majority of liquid formulations are prescribed for children because to their convenience of use, which is driving the grain alcohol market's rise.
The market is divided into two types: ethanol and polyols. In 2020, the Polyols sector held a 76% share of the market. Among the polyols studied in this study are sorbitol, maltitol, xylitol, mannitol, and erythritol. Sorbitol is a polyol (low-calorie sugar alcohol). It can be found naturally in foods such as apricots and prunes. It's used to keep things moist, as a bulk sweetener, and as a filler in sugar-free candies, chewing gum, and pharmaceuticals. Maltitol is a sugar alcohol that is used to substitute table sugar because it is less caloric, contains less calories, and has a smaller influence on blood glucose levels. Polyols' diverse applications in the food and beverage industries are projected to drive growth in this section of the grain business.
Grain Alcohol Market Key Players:
ADM (US)
Cargill (US)
Merck Group (Germany)
Roquette Frères (France)
MGP Ingredients (US)
Cristalco (France)
Grain Processing Corporation (US)
Wilmar Group (Singapore)
Manildra Group (Australia)
Glacial Grain Spirits (US)
Hardenberg Wilthen AG (Germany)
Taishan Liquor (China)
Yingjia Group (China)
Wuliangye (China)
Ethanol SA (South Africa)
Key Questions answered in the Grain Alcohol Market Report are:
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