Food-grade Alcohol Market by Product (Ethanol, Polyols), by Source (Grains, Sugarcane, Fruits, Others), by Application (Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The Food-grade Alcohol Market size was valued at USD 13.69 USD Billion in 2023 and is projected to reach USD 18.02 USD Billion by 2032, exhibiting a CAGR of 4 % during the forecast period. Food-grade alcohol also known as ethanol is a high-purity grade alcohol that is safe to be taken and used in food products. It is ordinarily produced from such things as grains, fruits, and vegetables. Examples of food-grade alcohol would be neutral grain spirits derived from grains and fruit spirits such as brandy. Some characteristics of food-grade alcohol include the fact that it is usually of very high purity with at least 95% being the common range and it is free from additives or any other contaminants. This makes it suitable for consumption and incorporation into foods and other recipes to be consumed by people. Some of the uses of food-grade alcohol include; solvents of flavor extracts, preservatives of food products, and standard fermentant for spirits among others. This steel is also used in the pharmaceutical industry in the cases of sanitizing and tinctures.
The food-grade alcohol market is experiencing robust growth, fueled by several key factors. A confluence of evolving consumer preferences, industrial expansion, and supportive government policies are driving significant demand.
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The food-grade alcohol market demonstrates significant regional variations in growth and consumption patterns. Key regions contributing to the market's expansion include:
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4% from 2019-2033 |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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