The latest research study “Alcohol Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”.The global alcohol ingredients market size reached US$ 1.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2027, exhibiting a growth rate (CAGR) of 8.08% during 2022-2027.
Alcohol ingredients comprise barley, corn, rye, wheat, potatoes, fruit juices, grapes, ethanol, yeast, enzymes, flavorings, colors, sugar, and salt. They are fermented to produce alcoholic beverages, such as wine, cider, beer, and rum. They are also distilled to remove water and create a strong characteristic flavor of alcohol. They are incorporated into the drinks to enhance the overall taste and provide sweetness. They increase the shelf life of the beverages and improve the quality over time by reducing the unpleasant flavors from volatile sulfur compounds during maturation.
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The increasing demand for alcoholic ingredients to manufacture premium quality beverages represents one of the primary factors influencing the growth of the market. In addition, there is a rise in the marketing and branding of alcohol companies to increase sales and attract a more number of customers. This, along with the increasing number of online brands selling premium quality wines, is propelling the growth of the market. Besides this, the wide availability of affordable alcoholic beverages of good quality and taste around the world is offering a favorable market outlook. Additionally, the rising number of restaurants, pubs, and bars serving cocktails, along with the thriving food and beverage (F&B) industry, is positively influencing the market.
The report has segmented the market into the following categories:
Breakup by Ingredient Type:
- Flavors and Salts
Breakup by Beverage Type:
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape Key Player:
- Archer Daniels Midland Company
- Ashland Inc.
- Cargill Incorporated
- Hansen Holding A/S.
- D. Williamson & Co., Inc.
- Kerry Group PLC
- Koninklijke DSM N.V.
- Sensient Technologies Corporation.
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