According to a new market report published by Lucintel, the future of the alcohol ingredient market looks promising with opportunities in various beverage types, such as beer, spirits, wine, whisky, and brandy. The global alcohol ingredient market is expected to grow with a CAGR of 9% from 2020 to 2025. The major drivers for this market are increased consumption of alcoholic beverages across the globe, increasing trend reflecting economic development, growing purchasing power of consumers, and increase in marketing and branding of alcoholic beverages.
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Alcohol ingredients are found in beer, wine, and spirits, which are formed when yeast ferments the sugars in different foods. In this market, yeast, enzymes, colorants, and flavors & salts are the major types of alcohol ingredient. Lucintel forecasts that enzymes will remain the largest type segment over the forecast period, as it has low storage cost along with its usage in producing fuel alcohol from starch of surplus agricultural activity.
Within this market, malted grains will remain the largest grain type segment over the forecast period due to their properties that help to develop enzymes to modify the grain starches into sugar molecules to be used by the yeast for fermentation.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing focus of key alcohol manufacturers on providing better functional ingredients with development in the production processes for alcohol ingredients and favorable functionalities of alcohol ingredients in various beverage applications.
Archer Daniels Midland Company, Treatt, DDW, Chr. Hansen, Döhler, Biospringer, The Color House, Angel Yeast, Kerry, Ashland Global Specialty Chemicals, and Sensient Technologies are among the major suppliers in the global alcohol ingredient market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global alcohol ingredient market by type, beverage type, grain type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Alcohol Ingredient Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global alcohol ingredient market by type, beverage type, grain type, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Yeast
Enzymes
Colorants
Flavors & Salts
Others
By Beverage Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Beer
Spirits
Wine
Whisky
Brandy
Others
By Grain Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Malted Grains
Non-Malted Grains
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.