According to the latest IMARC Group report, entitled âAlcohol Ingredients Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026 â, Finds that the global alcohol ingredients market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026).
The global market for alcoholic ingredients is driven by the emergence of craft breweries and the evolution of production processes. Alcohol, also called ethyl alcohol or ethanol, is an intoxicating, colorless, flammable liquid. Alcoholic ingredients refer to various edible products, such as grains (barley, corn, rye, wheat and corn), fruits and vegetables, used to make alcoholic beverages. Along with this, other ingredients including roots, rinds, flowers, seeds, herbs, spices and by-products of cane sugar or cane juice are also added. These ingredients are malted and brewed for a specific amount of time to enhance the color, flavor and clarity of beer, wine and liquor.
Like the novel coronavirus (COVID-19) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimations on the latest market trends and forecasts are made after examining the impact of this pandemic.
Global Alcohol Ingredients Market Trends:
Over the years, a significant increase in alcohol consumption has increased the demand for alcoholic ingredients. In addition to this, an increasing number of pubs, bars and breweries serving alcoholic beverages is creating a positive impact on the market. Therefore, market players are focusing more on improving and advancing production processes to deliver better alcoholic ingredients with improved functionality. Additionally, increased purchasing power of consumers, along with improved marketing and branding of alcoholic beverages, have encouraged market growth. Additionally, the number of craft breweries has grown significantly, with an increasing trend towards craft drinks.
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Global Alcohol Ingredients Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Archer Daniels Midland Company, Ashland Inc., Cargill Incorporated, Chr. Hansen Holding A / S., DD Williamson & Co., Inc., Doehler, Kerry Group PLC, Koninklijke DSM NV and Sensient Technologies Corporation.
The report has segmented the market on the basis of region, ingredient type, and beverage type.
Breakdown by type of ingredient:
- Flavors and salts
Breakdown by type of drink:
Breakdown by region:
- Europe: (UK, Germany, France, Italy, Spain, Russia, Others)
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
- Latin America: (Brazil, Mexico, others)
- Middle East and Africa: (Turkey, Saudi Arabia, others)
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