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Grain alcohol is a spirit made from fermented grains. Ethanol is the refined version of ethyl alcohol, also known as ethanol, neutral grain spirit, or rectified spirit. In the grain alcohol market, which is a neutral spirit, corn, rye, wheat, grapes, grains, sugarcane, tubers, and beets can all be used as raw materials. Among the brand names available are Everclear, Alcohol-95, and Golden Grain. It is made in countries such as Mexico and Canada from a fermented mixture of corn, sugar, yeast, and water.
Grain Alcohol Market Report Scope and Research Methodology:
The report includes a thorough examination of the various market segments and geographies, as well as an in-depth analysis of the industry's leading players' strategies. SWOT analysis was used to determine the key players' strengths and weaknesses. A comprehensive analysis of Grain Alcohol market dynamics, including drivers, restraints, opportunities, and challenges, is provided for each region and segment. The market report also includes import/export consumption, supply and demand, price, cost, revenue, and gross margins. To make accurate inferences, SMR analysts used data collected through primary and secondary research and analysed by SMR analysts. Grain Alcohol The market has been consolidated. To gather information for the Grain Alcohol Market report on critical market factors such as market trends and market dynamics. Primary interviews were carried out to Secondary data was gathered from sources such as annual or financial reports, government documents, company websites, industry white papers, paid databases, and free databases to gather information on size, growth trends, competitive landscape, and outlook, among other things. To estimate the and regional Grain Alcohol Market size, the bottom-up approach was used.
Grain Alcohol Market Report Overview:
The study is based on major company forecasts as well as Grain Alcohol Market statistics. During the forecast period, the Grain Alcohol Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029.
Grain Alcohol Market size
was valued at US$ 11.97 Bn in 2020. The Global Grain Alcohol Market is
estimated to grow at a CAGR of 4.4% over the forecast period.
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Grain Alcohol Market Regional Analysis:
Grain Alcohol Market Segmentation:
The market is divided into four applications: beverages, foods, pharmaceuticals and health care, and others. In 2020, the Beverages Segment held a 47% share of the grain alcohol market. The beverages section includes beer, wine, spirits, and other beverages such as ready-to-drink (RTD), premixes, cider, and perry. Beer is the world's most popular alcoholic beverage, as well as the third most popular drink overall, trailing only water and tea. Rising disposable income, improvements in beer quality, marketing and advertising activities, and an ever-expanding beer-consuming population base are all driving global beer consumption. Wine is an alcoholic beverage made from fermented grapes or other fruits.
The Pharmaceuticals & Health Care segment, on the other hand, is expected to grow at a CAGR of 6.3% during the forecast period. In the pharmaceutical industry, ethanol is used as a preservative in many liquid formulations. Ethanol is used as a solvent in plant alkaloids-based medicines. The majority of liquid formulations are prescribed for children due to their ease of use, which is driving the grain alcohol market's growth.
The market is divided into two types: ethanol and polyols. In 2020, the Polyols segment held a 76% share of the market. Among the polyols studied in this study are sorbitol, maltitol, xylitol, mannitol, and erythritol. Sorbitol is a polyol (low-calorie sugar alcohol). It can be found naturally in foods such as apricots and prunes. It's used to keep things moist, as a bulk sweetener, and as a filler in sugar-free candies, chewing gum, and medications. Maltitol is a sugar alcohol that is used to replace table sugar because it is less caloric, has fewer calories, and has a lower impact on blood glucose levels.
Grain Alcohol Market Key Players:
ADM (US)
Cargill (US)
Merck Group (Germany)
Roquette Frères (France)
MGP Ingredients (US)
Cristalco (France)
Grain Processing Corporation (US)
Wilmar Group (Singapore)
Manildra Group (Australia)
Glacial Grain Spirits (US)
Hardenberg Wilthen AG (Germany)
Taishan Liquor (China)
Yingjia Group (China)
Wuliangye (China)
Ethanol SA (South Africa)
Key Questions answered in the Grain Alcohol Market Report are:
Key offerings:
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
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