Food Grade Alcohol Market Scope
Food grade alcohol is referred to as alcohol that is safe for human consumption. It is also known as ethyl alcohol. It is used for industrial and household purposes. Industrial alcohol is used in food for flavors and extracts, food dyes, candy glazes, yeast, various sprays, and animal feed supplements. While it is also been used for personal care products such as hair and scalp preparations, deodorants, perfumes, colognes, lotions for hands, face, and skin, mouthwashes, oral antiseptics, and hand sanitizers. Recently it is been largely used in the pharmaceutical sector, while other applications include household and industrial cleaning solutions, biocides, insecticides, and fungicides.
The Food Grade Alcohol market study is segmented by Type (Ethanol and Polyols), by Application (Food, Beverage and Health care & Pharmaceuticals) and major geographies with country level break-up.
The market is highly competitive due to the presence of several prominent players. These players are adopting some organic and inorganic strategies such as mergers, acquisitions, partnerships, product launches, among others in order to gain leading share within the market. Moreover, some of the leading players are focusing on technological advancements in order to provide the pumps as per the market necessities. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Food Grade Alcohol market throughout the predicted period.
Archer Daniels Midland Company (United States), Cargill (United States), MGP Ingredients (United States), Sigma-Aldrich (United States), Roquette Freres (France), Fonterra Co-operative Group (New Zealand), Cristalco SAS (France), Grain Processing Corporation (United States), Wilmar International Limited (Singapore) and Manildra Group (Australia) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Food Grade Alcohol market by Type, Application and Region.
On the basis of geography, the market of Food Grade Alcohol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Increased Focus on Production Efficiency, Processing Time, and Quality of Food Products
Market Drivers
- Increasing Global Beer Production and Popularity of Craft Beer
- Increasing Global Trade in Alcohol
Opportunities
- Emerging Markets Such as Asia-Pacific, Latin America, and Middle East & Africa
- Contribution of Co-Products of Ethanol Production in the Feed Industry
Restraints
- Awareness About Harmful Effects of Alcohol Consumption
Challenges
- Fluctuating Prices of Raw Materials
- Stringent Regulations on the Use of Alcohol in Food & Beverages and Health & Personal Care Products
Key Target Audience
Food Grade Alcohol Manufacturers, Food Grade Alcohol Traders/Distributors, Food Grade Alcohol Importer/Exporter, Regulatory & Government Bodies, Research & Consulting Firms, End Users and Others