Food Grade Alcohol Market Forecast Hit by Coronavirus Outbreak, Downside Risks Continue to Escalate

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Food Grade Alcohol Market is anticipated to rise
at a CAGR of 7 by 2028

• April 2020

Report Id REP-GB- 11155 Published On Mar
19,2020 Category Food and Beverages
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Food Grade Alcohol Market Analysis
Food grade alcohol market is projected to exhibit
robust growth at approximately 7 CAGR over the
forecast period (2019-2028). Major manufacturers
continue to innovative beverage products to match
the shifting preferences and heightening demand
from consumers. FMI projects the global revenue
pool to exceed approximately US 5.8 Bn by 2028
end. "Role of food grade ethanol as a food and
beverages preservative is fuelling the market
growth. Further, manufacturers utilize food grade
ethanol to enhance the flavor and color of food
products. In some applications, it is used as a
food coating agent. Hence, diverse functional
properties of food grade alcohol are highly
favored by manufacturers," finds FMI
analysis. Key Takeaways of Food Grade Alcohol
Market Study Polyol holds the leading market
share in terms of product type. Ethanol will
showcase impressive CAGR over the forecast
period. Demand for food grade alcohol remains
rampant in food beverages industry. Asia
Pacific will remain lucrative market for food
grade alcohol through 2029.
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Food Grade Alcohol Market Analysis
Food Grade Alcohol Market - Key Growth
Factors Rising demand for food grade alcohol in
personal care applications is supplementing the
growth of market. Alcoholic beverages are
witnessing growing consumption rate thereby
supporting the market growth. Variegated
applications of food grade alcohol such as
personal care products, pharmaceuticals, and food
additives are favoring the market growth. Wider
availability of food grade alcohol is
facilitating the growth of market. Food Grade
Alcohol Market - Key Restraints Food grade
alcohol has certain adverse effects which is
limiting the overall market growth. Stringent
regulations and fluctuating raw material prices
is hampering the growth of food grade alcohol
market.
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Food Grade Alcohol Market Analysis
Competitive Landscape Global food grade alcohol
market is a highly competitive landscape. Premier
companies featured in this FMI study include, but
are not limited to, Fonterra Co-operative Group,
Sigma-Aldrich, Roquette Freres S.A., MGP
Ingredients (US), Archer Daniel Midland Company,
and Cargill Incorporated. In order to boost
growth, key players are undertaking expansion
strategies. Mergers and acquisitions continue to
be primary strategic choice for business
expansion. Moreover, Asia Pacific will be the
regional focus area for market players through
the duration of forecast period.
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Food Grade Alcohol Market Analysis
More about the Report This Future Market
Insights study of 200 pages provides
all-inclusive insights on the global food grade
alcohol market. The market analysis is based on
product type (ethanol, polyol), application (food
beverages, pharmaceuticals, personal care)
across six regions (North America, Latin America,
Europe, Asia Pacific Excluding Japan, Middle East
Africa, Japan). Request for covid19 Impact
Analysis https//www.futuremarketinsights.com/cov
id19/rep-gb-11155 Press Release Source
https//www.accesswire.com/582253/Food-Grade-Alcoh
ol-Market-Pegged-at-7-CAGR-through-2028-Food-Bever
ages-Industry-Accounts-for-a-Majority-of-Demand-Fu
ture-Market-Insights
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Food Grade Alcohol Market Analysis
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