Grain Alcohol Market will Surpass USD 15.6 Billion through 2022 & Beyond as Application in Beverage Industry Rises According to Future Market Insights (FMI), the global grain alcohol market is expected to witness growth at a CAGR of 4.2%, surpassing USD 22.2 Billion during the forecast period (2022–2032).
Grain alcohol is made by distilling fermented grain (fermented corn, sugar, yeast, and water). Manufacturers employ grains other than maize, such as wheat and rye. Grain alcohol is produced by fermenting the carbohydrate content of grain with yeast. Grain alcohol is made by distilling ethanol several times.
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Grain alcohol use is expanding as a result of changing lifestyles, a growing middle-class population, and increased disposable income. These growing economies offer a large supply of inexpensive labour, cutting-edge technology, and relatively lax legislation governing the use of high-quality alcoholic beverages.
Sugarcane, cereals, corn, and other fruits and vegetables are abundant natural sources of grain alcohol, especially in African, Asian, and Latin American countries.
Key Takeaways from Market Study
- The grain alcohol market is expected to expand at CAGR of 4.2% over the forecast period.
- Among the source, corn is dominating the segment holding around 41.6% of the revenue and it is expected to grow with CAGR of 2.6% over the forecasted period.
- Among the functionality segment, disinfectant segment is expected to dominate the application segment holding more than 31.2% revenue share and it is expected to grow with around 2.3% CAGR over the forecast period.
- Ethanol is dominating the type segment holding around 46.7% in 2022 and it is expected to grow with CAGR of 3.7% over the forecasted period.
Competitive Landscape
Key manufacturers of grain alcohol market are majorly focusing on research & development in order to develop innovative and unique product offering. In addition to this these key players in the grain alcohol market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.
- In January 2021 MGP Ingredients, Inc. signed a definitive agreement to buy Luxco and its subsidiary firms. Luxco is a renowned branded beverage and alcoholic beverage firm with an extensive product portfolio. MGP Ingredients plans to expand its scale and market position in the branded-spirits sector as a result of the Luxco purchase.
Key Companies Profiled
Grain Processing Corporation; Manildra Group; Glacial Grain Spirits; Cristalco; Merck Group; Cargill; Archer-Daniels-Midland Company; Willmar Group; MGP Ingredients, Inc.; Roquette Frères
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Global Grain Alcohol Market By Category
By Source:
- Corn
- Fermented plant materials
- Grains
- Grapes
- Sugarcane
- Suragbeets
- Tubers
By Application:
- Beverage
- Food
- Pharmaceutical
- Health Care and Personal Care
By Functionality:
- Preservative
- Solvent
- Disinfectant
- Antiseptic
By Type:
- Ethanol
- Polyols
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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