Global Grain Alcohol Market - 2021-2028

Global Grain Alcohol Market - 2021-2028

Market Overview

Grain alcohol is a purified form of ethyl alcohol and is a distilled neutral spirit prepared from the fermentation of grain. which is also known as ethanol, rectified spirit, or neutral grain spirit. Grain alcohol is prepared from rye, grapes, corn, wheat, grains, tubers, beets, and sugarcane. Grain alcohol is sold under several brand names, such as Everclear, Alcohol-95, and Golden Grain. Several alcohol makers often utilize grain alcohol for producing other alcoholic drinks such as vodka, wine, cheap whiskey, or homemade liqueurs. Grain alcohol is a pure liquid that has no smell or additives. The global grain alcohol market is valued at USD XX million in 2020 and is estimated to reach USD XX million by 2028, growing at a CAGR of XX% within the projected years (2021-2028)

Market Dynamics: Rising popularity of craft beer and beer production across the globe is expected to drive the market growth

The increase in the total breweries across the globe in the past decade is a major factor for the growth of the global grain alcohol market. Beer intake has boosted exponentially in the past few years. Local manufacturers and leading players are utilizing grain alcohol from barley to meet the needs of beer. Furthermore, the increasing popularity of locally manufactured beer and craft beer among youths is likely to propel the demand for grain alcohol across the globe. Furthermore, rapid urbanization, changing lifestyle, growing consumption of various alcoholic drinks, the popularity of beer with millennials coupled with high disposable incomes, are a few other reasons responsible for the rising demand for the global grain alcohol market. Furthermore, the introduction of new ingredients, and innovative flavors, together with salty flavors, and fruity tart in the craft beers are also influencing the youth worldwide.

Market Segmentation: Beverages segment, holding about XX% of the global market

By application, the beverages segment is accounted for the largest market share in 2020 and is estimated to be the dominating segment market in the upcoming years. This is owing to the rise in the young–adult demographic across the globe, increase in customer demand for super-premium/premium products, and rise in disposable income. However, the high cost of super-premium/premium alcoholic products and the rise in awareness regarding health are estimated to impede the market growth over the forecast period. Moreover, high-pressure jobs, hectic schedules and the perception that drinking alcohol is calming to the mind is fueling the rising intake of alcoholic drinks is likely to propel the demand of the global grain alcohol market in the upcoming years

By type, the ethanol segment acquired the largest market share in 2020 owing to ethanol being extensively utilized in the candy glazings and food industry as a coloring and flavoring agent.

Geographical Penetration: Europe is the largest market for grain alcohol with a share of nearly XX% in global sales value in 2020

By geography, Europe accounted for the largest share in 2020 and is anticipated to be the dominating regional market within the projected year. Owing to high per head intake levels of alcohol, the demand for grain alcohol is remained stable and attractive. The existence of a high food & beverage industry provides a prominent customer base along with increasing demand for the grain alcohol market in the region. The market in Europe is projected to be driven by expansion in the Southeastern & Eastern European countries. The Asia Pacific is expected to exhibit the fastest growth rate for the grain alcohol market over the forecast period owing to the rising urbanization, dense population coupled with influence towards the western culture of various Asia younger population which is expected to enlarge the consumption of grain alcohol market in the region.

Competitive Landscape:

The global grain alcohol market is highly competitive with the presence of many manufacturers. Some of the major players of the market include ADM, MGP Ingredients, Inc., Cargill, Inc., Grain Processing Corporation, Merck Group, Manildra Group, Roquette Frères, Cristalco, Wilmar International Ltd, Glacial Grain Spirits, among others. They have strengthened the market through their product offerings. Continuous innovation to introduce new products is the key competitive factor in the market. For instance, in June 2021, MGP Ingredients, Inc. has announced that the company has completed the acquisition of Luxco, Inc. Luxco is a spirits and wine company offering energy drinks, lemonade, beers, tea, and water.

COVID-19 Impact: The market witnessed a negative impact

The global beverage industry has yet again been negatively impacted with the onset of the second wave of COVID-19 and the outlook is volatile, according to leading player United Breweries. After the second wave of the pandemic, several countries’ governments and local authorities had imposed lockdowns to contain the spread of COVID-19 and restrictions started to lift in several countries. Covid-19 again hit the global market for grain alcohol during the second and third COVID wave at the start of the financial year 21/22, which is again negatively impacted, and the outlook is volatile, said United Breweries Ltd (UBL) in its latest annual report. Brewing activities have been hampered in various European countries as well as other regions countries also due to the regulation imposed by various governments which impacted the transport, but the production of beer is back to normal condition after lockdown across the globe. The influence of COVID-19 is a lot higher on the developed countries, the multination firms would focus their strategies and energies more on these countries as compared to the poor and developing countries.

Why Purchase the Report?
Understand the current market scenario and viability of global grain alcohol over the forecast period
Visualize the composition of the global grain alcohol market in terms of type, application and source to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market

What we offer?
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global grain alcohol market Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:
Food & Beverages Industry
Alcohol Beverages Manufacturers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals