The global alcohol ingredients market is segmented based on product and application.
Alcohol Ingredients Market - By Product
The flavors and salts segment is the largest product segment in the global alcohol ingredients market.
The yeast segment grows with the highest CAGR in the alcohol ingredients market. The yeast is the primary ingredient in beer production for starting the fermentation process. Yeast is used as raw material in producing functional drinks in probiotic drinks is accelerating the growing use of producing alcoholic beverages.
The beer segment leads the alcohol ingredients market and is expected to remain in its dominant position during the foretold period. The beer segment held 40% and more share globally. Consumers are more aware of the health benefits associated with consuming beer accentuates the market growth.
The craft beer segment has observed significant growth since years. In 2018, the U.S. Alcohol and Tobacco Tax and Bureau (TTB) issued new 1,252 new approvals. Craft beer has a share of 23% in the U.S beer industry.
The North American market for alcohol ingredients is expected to experience momentous growth. The increasing number of consumers opting for new alcohol drinks with new tastes. Increasing disposable income and the growing principle of consuming better quality alcohol propel the alcohol ingredients market growth in North America.
Pabst Brewing, MillerCoors, LLC, Heineken USA are some of the major brewers in the U.S.
The U.S dominates the alcohol ingredients market. Consumers in the United States are paying more attention to wellness and health. The increasing significance towards craft spirits due to the rising trend for experimental drinking fosters the market in the country.
As per the researchers from the Centre for Addiction and Mental Health, Canada, the consumption of alcohol in 1990 was 21 billion liters to 35.7 billion in 2017 to 35.7 billion liters in 2017, with a 70% increase in consumption.
Europe is accounted for the largest share in terms of revenue in 2022. The alcohol industry is witnessing quick growth in Europe. Furthermore, half of the wine is produced in Europe globally. Craft beer is more popular in Europe. Europe is the largest exporter of alcohol with the presence of an immense number of producers of alcohol. In the U.K., the number of young drinkers increased prominently.
France, Portugal, Spain, Romania, and Italy are the largest producers of wine.
Asia-Pacific is expected to experience a brisk CAGR growth rate of 10% during the foreseen period. The purchasing power of consumers is high across countries like India, Indonesia, Myanmar, China, South Korea, and Taiwan. Wine is the most popular in Asia-Pacific. APAC holds huge potential for craft beer with strong demand for westernized craft beer.
China is the largest market for alcohol ingredients in APAC.
Consuming alcoholic beverages is increasing in the APAC region.
Vietnam, China, and India have contributed majorly due to the growing consumption of alcohol.
As per the World Health Organization (WHO), in 2017, the major alcohol-consuming country is South Korea.
For instance, New Zealand's Wellington city is such a market for craft beer since such beers are offered in unique tastes due to special types of ingredients used and obtained.
Latin America is expected to have notable growth with the growing share in terms of revenue in the global alcohol ingredients market. The growth in LATAM attributes to increasing alcohol consumption because of the immense population of bars and visiting places like bars, pubs.
Brazil is leading the alcohol ingredients market in Latin America with the highest share.
The national drink of Brazil is Caipirinha which is a refreshing cocktail. The cocktail is ready to prepare and needs only a few ingredients.
The Middle East and Africa region is anticipated to have a noteworthy growth in the alcohol ingredients worldwide. Africa and UAE are leading the region’s market growth during the foretold period.
1. Treatt Plc
3. AngelYeast Co., Ltd
4. Chr. Hansen A/S
6. The Color House
7. Sensient Technologies
8. The Archer Daniels Midland Company
10. Kerry, Inc
11. Ashland Global Specialty Chemicals, Inc.
Chapter 1. Global Alcohol Ingredients Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Global Alcohol Ingredients Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2022 - 2027
2.3.2. Impact on Supply – Demand
Chapter 3. Global Alcohol Ingredients Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Alcohol Ingredients Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Global Alcohol Ingredients Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Global Alcohol Ingredients Market – By Product
6.4. Flavors& Salts
Chapter 7. Global Alcohol Ingredients Market – By Application
Chapter 8. Global Alcohol Ingredients Market, By Geography - Market Size, Forecast, Trends & Insights
8.1. North America
8.2.7. Rest of Europe
8.3. Asia Pacific
8.3.2. South Korea
8.3.5. Australia & New Zealand
8.3.6. Rest of Asia-Pacific
8.4. Rest of the World
8.4.1. Middle East
8.4.3. South America
Chapter 9. Global Alcohol Ingredients Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
9.1. Company 1
9.2. Company 2
9.3. Company 3
9.4. Company 4
9.5 Company 5
9.6. Company 6
9.7. Company 7
9.8. Company 8
9.9. Company 9
9.10. Company 10
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