IMARC Group’s latest report, titled “Alcohol Ingredients Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the alcohol ingredients market expected to grow at a CAGR of around 5% during the forecast period (2021-2026).
The global alcohol ingredients market is driven by the emergence of craft breweries and developments in the production processes. Alcohol, also known as ethyl alcohol or ethanol, is an intoxicating, colorless and flammable liquid. Alcohol ingredients refer to various edible products, such as grains (barley, corn, rye, wheat and maize), fruits and vegetables, used to manufacture alcoholic beverages. Along with this, other ingredients, including roots, barks, flowers, seeds, herbs, spices and byproducts of sugarcane or sugarcane juice, are also added. These ingredients are malted and brewed for a specific time to enhance the color, flavor and clarity of beer, wine and liquor.
Global Alcohol Ingredients Market Trends:
Over the years, a significant rise in alcohol consumption has increased the demand for alcohol ingredients. Besides this, an increasing number of pubs, bars and breweries serving alcoholic drinks is creating a positive impact on the market. Consequently, market players are focusing more on enhancing and advancing the production processes for providing better alcohol ingredients with enhanced functionality. Moreover, the rising purchasing power of consumers, along with improved marketing and branding of alcoholic beverages, has encouraged the market growth. Furthermore, there has been a considerable rise in the number of craft breweries, with the growing inclination toward artisanal beverages.
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Global Alcohol Ingredients Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Archer Daniels Midland Company, Ashland Inc., Cargill Incorporated, Chr. Hansen Holding A/S., D.D. Williamson & Co., Inc., Doehler, Kerry Group PLC, Koninklijke DSM N.V. and Sensient Technologies Corporation.
The report has segmented the market on the basis on region, ingredient type and beverage type.
Breakup by Ingredient Type:
- Flavors and Salts
Breakup by Beverage Type:
Breakup by Region:
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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