The global alcohol ingredients market is projected to grow at a significant CAGR of around 8% during the forecast period. The key factors that drive the growth of the market include the introduction of a variety of alcohol-based drinks. The increased trends of alcohol consumption coupled with the increased purchasing power of peoples in both developed as well as developing countries and rising branding and marketing of alcoholic beverages that attract consumers tend to drive the growth of the global alcohol ingredients market over the forecast period.
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Emerging demand for premium alcoholic beverages has increased the adoption of distilled spirits, craft beer, and wine, and the rising youth population is further creating the demand for alcoholic beverages. Increasing demand for alcoholic beverages is encouraging the manufacturers to focus on a range of flavors that can aid in increasing their customer base, which in turn, creates demands for alcohol ingredients and hence drives the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Alcohol Ingredients Market – Segmentation
By IngredientType
- Yeast
- Enzyme
- Colors; Flavors; & Salts
- Others
By Beverage Type
- Beer
- Spirits
- Wine
- Others
Global Alcohol Ingredients Market – Segmentation
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global alcohol ingredients market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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