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The food grade alcohol market was valued at USD 11.97 billion in 2020 and is projected to grow at a CAGR of 3.1 % to reach USD 14.87 billion by 2027. Alcohol, also known as ethanol, is a versatile product with applications ranging from food and pharmaceutical to industrial solvents. The food industry is a key user of alcohol. Alcohol is employed in the manufacturing of vinegar, flavors & extracts, candy glazes, food dyes, yeast, animal-feed supplements, and various food sprays. Commonly, a major difference between productions of fuel-grade ethanol and food-grade ethanol is the addition of a small amount of solvent or gasoline to the fuel-grade ethanol in order to make it undrinkable.
The process of alcohol production does not necessarily employ food-grade equipment. The remaining process for alcohol production is mostly similar. There are three types of food grade alcohol: ‘Industrial-grade’ ethanol, either fermentation or synthetic origin, which has most of the impurities, removed, ‘FCC (food chemical codex)-grade ethanol’, which includes heavy metal specification limits and ‘GNS’ (grain neutral spirits, highly pure-grade ethanol, which is used in beverages).
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The Top Key Players include: Archer Daniels Midland Company, Cargill, Sigma-Aldrich, Roquette Frères, MGP Ingredients, Cristalco S.A.S, Grain Processing Corporation, Wilmar International Limited, Fonterra Co-Operative Group, Manildra Group.
Global Food Grade Alcohol Market Key Segments:
On the Basis of Type: Ethanol, Polyols
On the Basis of Application: Food, Healthcare and Pharmaceutical, Beverages
On the Basis of Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
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The Food Grade Alcohol market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Food Grade Alcohol in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact on Food Grade Alcohol Market
Chapter 5. Global Food Grade Alcohol Market Overview, By Application, 2015 – 2027(USD Million)
Chapter 6. Global Food Grade Alcohol Market Overview, By Distribution Channel, 2015 – 2027(USD Million)
Chapter 7. Global Food Grade Alcohol Market Overview, By Geography, 2015 – 2027(USD Million)
Chapter 8. North America Food Grade Alcohol Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 9. Europe Food Grade Alcohol Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 10. Asia Pacific Food Grade Alcohol Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 11. Middle East & Africa Food Grade Alcohol Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 12. South America Food Grade Alcohol Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Food Grade Alcohol Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
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- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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