The "Global Alcoholic Ingredients Market 2020-2025 by Type of Ingredient, Type of Beverage, Geography, Impact of COVID-19, Ansoff's Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Alcoholic Ingredient Market is estimated to be USD 3.8 Bn in 2020 and is expected to reach USD 5.9 Bn by 2025 growing at CAGR of 9.2%.
With a rise in the change of the demographics behaviour and the consumption patterns, there has been increased levels of alcohol consumption across the world owing to rise in social drinking, experiential drinking leading to permissible indulgence amongst diverse age groups. This has further led to the ingredient manufacturers to innovate in order to meet the consumer demands.
The consumption patterns of different alcoholic beverages across the globe has driven the growth of this market. On the contrary, factors like the government imposed regulations and research and development cost for manufacturing unique flavoured alcohol poses a major challenge for the ingredient manufacturers.
Ethanol is used in the manufacturing process of denatured alcohol along with other sugar contents through a fermentation process. Various other ingredients such as fruits grains like barley, wheat, and rye etc. are also used for the production of several alcoholic beverages such as wine, beer and other spirits. Alcohol, with its bactericidal properties has its implication in other sectors like pharmaceuticals, cosmetics (lotions, perfumes), as well as a chemical intermediate either alone or through different mixtures.
Increasing Consumption of Alcoholic Beverages
Increasing Global Trade in Alcohol
Emergence of breweries and distilleries across the world
Increase in the number of Pubs, Bars, and Liquor-Serving Cafes and Lounges (PBCL) outlets
High Cost of Raw Materials and R&D
Stringent regulations and Legislations
Increased awareness about the harmful effects of alcohol consumption
Increased competition from non-alcoholic beverages
Changing patterns of consumption
Rise in craft breweries
High demand for alcohol made of plant-based ingredients
Archer Daniels Midland Company
Chr. Hansen Holdings A/S
Koninklijke Dsm N.V
Sensient Technologies Corporation
Ashland Global Specialty Chemicals Inc.
D.D. Williamson & Co., Inc.
Kerry Group PLC
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