United State-Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Alcohol Ingredients. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Alcohol Ingredients study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Alcohol Ingredients.
The global alcohol ingredients market size was US$ 1.81 billion in 2021. The global alcohol ingredients market is forecast to grow to US$ 6.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030.
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Ethanol, often known as ethyl alcohol, is a kind of alcohol present in all alcoholic beverages, including wine, beer, and spirits such as whiskey, vodka, and others. Alcohol is also used as a drug in the pharmaceutical industry. It is developed through the fermentation of carbohydrates in various foods. Alcohol could be made from a variety of grains, fruits, sugar, vegetables, yeast, bacteria, etc.
Competitors in the Market
? Brightcove (US)
? Treatt Plc
? Biospringer
? AngelYeast Co., Ltd.
? Chr. Hansen A/S
? DDW
? The Color House
? Sensient Technologies
? The Archer Daniels Midland Company
? Dohler
? Kerry, Inc.
? Other Prominent Players
Global Market exports are expected to grow at an average annual rate of 3.9%, reaching US$ 955.19 billion by 2030 from US$ 784.3 billion in 2021. The global supply has been increasing at a rate of 9.5% yearly since 2009. In 2021, Ireland topped the rankings for global Market exports with US$ 169.32 billion, while China ranked 4th, the United States ranked 2nd, and India ranked 3rd. Brunei has seen a 228.2% year-over-year increase since 2009, while Sierra Leone has experienced a 61.7% year-over-year decline.
By 2026, the European Revenue is expected to rise by 1.5% annually, from US$ 1,802,413 million in 2021 to US$ 1,933,429 million. The European market has been growing at a rate of 3.1% annually since 2016. In terms of Revenue in Europe in 2021, Germany led the rankings with US$ 339,074 million, followed by the United Kingdom, France, and Ireland at positions 2, 3, and 4 respectively. Since 2016, Malta has seen a 16.5% year-over-year increase, while Italy has experienced a 0.2% decline.
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Factors Influencing the Market
The growing consumption of alcoholic beverages will primarily fuel the demand for alcohol ingredients during the forecast period. The market is also driven by the growing trend of clubbing, night parties, etc. In addition to that growing consumer purchasing power will benefit the alcohol ingredients market during the analysis period. The rising number of hotels, taverns, and pubs offering alcoholic beverages will contribute to the growth of the alcohol ingredients market. Apart from that, the global alcohol ingredients market is forecast to witness various opportunities due to the rapidly growing pharmaceuticals sector. On the flip side, rapidly rising awareness about the harmful effects of alcohol addiction may limit the demand for alcohol ingredients during the analysis period.
COVID-19 Impact Analysis
The COVID-19 pandemic wreaked havoc on the economic growth of various economies, which in turn, also impacted the global alcohol ingredients market. Various countries witnessed the harsh impact of the COVID-19 pandemic, and governments took strict lockdown measures in order to control that uncontrollable situation. As a result, cafes and restaurants closed their doors for a significant period of time. Moreover, alcoholic beverages also affect the health of consumers. The pandemic threw light on the mandatory need to look over health and adopt healthy habits. As a result, alcohol consumption drastically declined due to the COVID-19 spread.
Regional Analysis
Europe is forecast to hold the highest share in the alcohol ingredients market. The growth of the region is attributed to the rapid expansion of the alcohol industry. In Europe, more than half of the world’s wine is produced. It is the world’s largest exporter of alcohol due to the presence of major producers in the sector. The most important markets in Europe are Germany, France, the United Kingdom, and Italy. Thus, the aforementioned factors will drive the demand for alcohol ingredients in the region during the analysis period.
Client Focus Area in this Report :
Is the influence of COVID-19 and the Russia-Ukraine conflict on the global market taken into account in this report?
Yes. We have definitely taken COVID-19 and the Russia-Ukraine war into account throughout the research because of their significant effects on the global supply chain relationships and raw material price system. We also go into great detail about the effects of the pandemic and the war on the Industry.
Can I change the report’s scope and make it my own to meet my needs?
Yes. Multidimensional, deep-level, and high-quality requirements that are specifically tailored to our customers can help them accurately grasp market opportunities, easily confront market challenges, properly formulate market strategies, and act quickly, giving them enough time and space for market competition.
How did the list of important players for the report come about?
We specifically study both the top businesses that are influential on a worldwide scale as well as the regional small and medium-sized businesses that play vital roles and have significant growth potential in order to clearly reflect the competitive condition of the industry.
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What are the key sources of your data?
In putting together the report, both primary and secondary data sources were consulted. Comprehensive interviews with important thought leaders, subject-matter specialists (such as directors, CEOs, and marketing executives), downstream distributors, and end-users are examples of primary sources. Research of major firms’ annual and financial reports, public records, fresh journals, etc., are examples of secondary sources. We also collaborate with a few outside datasets.
Market Segmentation
The global alcohol ingredients market segmentation focuses on Ingredient, Beverage, and Region.
By Ingredient Type
? Yeast
? Starch
? Enzymes
? Others
By Beverage Type
? Beer
? Wine
? Whiskey
o Spirits
o Gin
o Rum
o Tequila
o Brandy
o others
? Others
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
Key Questions in the Global Alcohol Ingredients Market Report
- What is the market size estimation in terms of value and sales volume from 2023-2031?
- What are the market situations and prospects in “North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa?
- What is the revenue and sales volume of major countries in each region?
- How is the analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile, application, etc, done?
- What is the market value and sales volume by type and by application from 2023-2031?
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