Alcohol is sometimes known as chemical name ethanol or ethyl alcohol. It is the type of drug and is the active ingredient in drinks such as wine, beer, and distilled spirits. The yeast, colors, grains, sugar, fruits, vegetables, bacteria, and flavors are some of the major ingredients of the alcohol drink. It can also used as a drug in the pharmaceutical industry. In a method known as fermentation, alcohol is prepared where yeast or bacteria react with sugars in foods whose by-products are carbon dioxide and ethanol. Alcohol ingredients are very important for the fermentation process, without them this process will not be carry out.
An increasing consumption of alcoholic beverages across the world and rapidly growing food and beverage and pharmaceutical industry are major driving factors behind the growth of the market. Likewise, factors such as increasing significance of alcohol ingredients in cosmetics products such as antiseptics, skin and personal care products, the rising number of hotels, pubs, and bars as well as shops that sold alcoholic-beverages, increasing young age population, and surge in the adoption alcoholic soft drinks are expected to improve the growth of the market during the estimated time period.
However, high cost associated with the research and development and of raw materials, rising awareness regarding the harmful effects of the alcohol and stringent government rules and regulation about alcohol consumption are some of the major restraining factors that could hamper the market growth.
The study analyses global alcohol ingredient market based on ingredient type, beverage type, and geography.
Based on ingredient type, colors, flavors & salts segment is projected to witness fast growth during the forecast period. The market for colors, flavors and salts is growing owing to the surge in the demand for flavored beverages such as flavored whisky, beer, and wine as well as flavored alcoholic soft drinks. Over the past few years, the growing use of fruit as flavor has increased the portfolio of flavored beverages and attracted new customers. Some of the most common flavors used are coffee, vanilla, honey, green apple, chocolate, watermelon, citrus, and raspberry. Alternatively, yeast segment is growing at a steady growth rate. Increasing importance of yeast in the fermentation process is attributed to the growth of the market.
Based on beverage type, beer segment dominated the market in the past few years and is expected to maintain its dominance at high growth rate during the estimated time. The main ingredients of beer production include yeast, cereal grains, water, and hops. Increased understanding of the health benefits related to beer has fuelled growth of the market. Beer contains natural antioxidants, vitamins, proteins, carbohydrates, and low calories. These nutritional properties of the drink help prevent high cholesterol level, kidney stones, cardiovascular diseases (CVDs), and support muscle rebuild, which is ultimately propelling the growth of the market.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Europe held the largest market share of global alcohol ingredient market and is likely to dominate the market over the estimated time frame. Increasing beer production in Germany and wine production in France is major driving factor behind the growth of the market. Additionally, factors such as increasing production and consumption of alcoholic beverages, massive presence of alcoholic drinks producing companies, and rapid expansion of the alcohol, food and beverage and cosmetics industry across the region are further likely to boost growth of the market across the region.
The major key players of market includes Sensient Technologies Corporation, Ashland Inc, Cargill Incorporated , Archer Daniels Midland Company, Chr. Hansen Holdings A/S , Kerry Group plc, Dohler Group SE, Koninklijke Dsm N.V, Treatt Plc, The Color House, and Angel Yeast Co., Ltd among others.
The study analyses global alcohol ingredient market based on ingredient type, beverage type, and geography. Alcohol Ingredient market by ingredient type is segmented into yeast, enzymes, colors, flavors & salts, and others. The Color, flavours and salts segment is likely to dominate the market over the forecast period. Increased adoption of various flavouring agents in the production of alcoholic drinks is attributed to the market growth. By beverage type, the market is segmented into beer, spirits [vodka, rum, scotch, gin, tequila, and other spirits], wine, whisky, brandy, and others. The beer segment is likely to register fastest growth in years to come owing to the growing consumption of beer by consumers across the globe. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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