The Global Alcoholic Ingredients Market to grow from USD 4,490.32 Million in 2019 to USD 7,542.07 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 9.02%.
Market Segmentation & Coverage:
The research report categorizes the Alcoholic Ingredients Market to forecast the revenues and analyze the trends in each of the following segments:
"The Flavors & Salts is projected to witness the highest growth during the forecast period"
Based on Ingredient Type, the Alcoholic Ingredients Market studied across Colorants, Enzymes, Flavors & Salts, and Yeast. The Enzymes commanded the largest size in the Alcoholic Ingredients Market in 2019, followed by the Flavors & Salts. On the other hand, the Flavors & Salts expected to grow at the fastest CAGR during the forecast period, followed by the Yeast.
"The Industrial is projected to witness the highest growth during the forecast period"
Based on End-Use, the Alcoholic Ingredients Market studied across Direct Consumption and Industrial. The Direct Consumption further studied across Beer, Brandy, Spirits, Whisky, and Wine. The Industrial further studied across Cosmetics & Personal Care, Industrial Solvents & Cleaners, Paints, and Pharmaceuticals. The Direct Consumption commanded the largest size in the Alcoholic Ingredients Market in 2019, followed by the Industrial. On the other hand, the Industrial expected to grow at the fastest CAGR during the forecast period, followed by the Direct Consumption.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the Alcoholic Ingredients Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded the largest size in the Alcoholic Ingredients Market in 2019, followed by the Americas. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Americas.
The factors attributing to the growth of the market are increasing demand for premium alcoholic beverages and crafted beer, rising consumption of alcoholic beverages by the millennial population across the world, and rise in the use of alcoholic ingredients due to its versatile functionality. However, some factors such as increasing awareness concerning the ill effects of alcohol consumption and anti-alcohol campaign in some regions and high cost of raw material ingredients may hinder the market growth. The Alcoholic Ingredients Market expected to showcase the opportunities such as adoption of eco-friendly production process and applications of alcoholic in the pharmaceutical and other industry. Soon market may face the possible challenges in the growth due to stringent government regulations pertaining to the use of alcoholic ingredients. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Alcoholic Ingredients Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Alcoholic Ingredients Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Alcoholic Ingredients Market, including Archer-Daniels-Midland Company, Ashland Global Specialty Chemicals Inc., Cargill Incorporated, Chr. Hansen Holding A/S, D.D.Williamson & Co., Inc., Döhler Group SE, Kerry Group PLC, Koninklijke DSM N.V., Novozymes A/S, Sensient Technologies Corporation, and Treatt PLC.