The global alcohol ingredients market: trends, share, size, growth, opportunity and forecast 2022-2028

 

Alcohol ingredients are specialty ingredients like yeast, flavors and salts, enzymes, and colors that are primarily used in the fermentation of plant-derived carbohydrate materials like fruits, vegetables, grains, berries, and grains to produce alcoholic beverages as well as a number of food applications. One of the main aspects driving up demand for alcohol ingredients is the increase in alcoholic beverage consumption. With 2.36 liters consumed per person in 2014, France had the highest per capita whiskey consumption, claims Coherent Market Insights. The United States came in third with 1.32 liters per person, while Uruguay came in second with 1.85 liters.

The type of alcohol found in the Alcohol Ingredients Market we consume is a substance known as ethanol. You must put grains, fruits, or vegetables through a process known as fermentation in order to make alcohol (when yeast or bacteria react with the sugars in food - the by-products are ethanol and carbon dioxide).

Alcohol continues to be a legal indulgence and is a common part of social gatherings, which influences the demand for ingredients used to make alcohol. Despite the rise in health consciousness, consumer tastes never remain static and evolve over time in subtle ways. Thus, in order to stay ahead of the competition, manufacturers are under pressure to follow newer trends.

The Alcohol Ingredients Market has grown as a result of the rise in microbreweries and experimental drinking, especially among young people. Consumers today want to do more than just consume alcohol, which encourages the industry to expand its co-creation and customization opportunities.

Over the upcoming years, the global alcoholic beverage market is anticipated to be driven by rising alcohol consumption, alcoholic beverage marketing and branding, and the international alcohol trade. The report on the Alcohol Ingredients Market offers a comprehensive analysis of the industry. The report provides an in-depth analysis of the key market segments, trends, drivers, restraints, competitive environment, and factors that are significantly influencing the market.

Key Players

Chr. Hansen Holdings A/S, Ashland Inc., Sensient Technologies Corporation, Cargill Inc., Archer Daniels Midland Company, Dohler GmbH, Angel Yeast Co. Ltd., Lesaffre et Compagnie S.A., D.D. Williamson and Co. Inc., Kerry Group Plc, Koninklijke DSM N.V., and Synergy Flavors Inc. are important market participants in the alcohol ingredients