Global Alcohol Ingredients Market
Report Highlights
Global Alcohol Ingredients Market
By Type (textured, Isolates, Concentrates), Form (Wet textured, Dry textured), Application (Beverages, Snacks and Bakery products, Nutritional Supplements, Meat extenders and Analogs, Meat Enhancers and Confectionery), and Regional Market Size, Status and Forecast to 2025
Market Overview:
The Global Alcohol Ingredients Market was valued at USD 1.33 billion in 2016 and is projected to reach USD 2.62 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
The alcohol ingredients market has grown massively in the last couple of years, due to the increased consumption of alcohol across the globe. The highest consumption of alcohol has been noticed in the Asia- Pacific region. In this report the alcohol ingredient market will be focused on in terms of region, ingredient type and beverage type.
Market Dynamics:
1. Market Drivers
1.1 Increasing demand for alcohol day by day.
1.2 More global trade for alcohol
2. Market Restraints
2.1 High R&D costs makes barriers for the alcohol ingredient market
2.2 Rise in cost of alcohol raw materials.
Market Segmentation:
The Alcohol Ingredients Market is segmented on the basis of ingredient type, beverage type and region.
1. Ingredient Type:
1.1 Enzymes
1.2 Yeast
1.3 Colors, flavors and salt
1.4 Others (Spices and Supplements)
2. Beverage type :
2.1 Wine
2.2 Whiskey
2.3 Brandy
2.4 Beer
2.5 Spirits
2.5.1 Scotch
2.5.2 Rum
2.5.3 Gin
2.5.4 Vodka
2.5.5 Tequila
2.5.6 Other Spirits
2.6 Others (RTD’s, premixes, Cider and Perry)
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Rest of World
Competitive Landscape:
The major players in the market are as follows:
1. Treatt PLC
2. Archer Daniels Midland Company
3. Kerry Group PLC
4. Cargill, Incorporated
5. Döhler Group
6. Chr. Hansen Holdings A/S
7. Ashland Inc.
8. Koninklijke Dsm N.V
9. Sensient Technologies Corporation
10. D.D. Williamson & Co., Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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