Grain Alcohol Market Future Scope, Industry Insight, Key Takeaways, Revenue Analysis and Forecast to 2027

pranit savgave

Nov 2, 2022 • 3 min read

Grain Alcohol Market

Grain Alcohol Market Overview:

Grain alcohol is a neutral spirit created from fermented grains. The refined version of ethyl alcohol, commonly known as ethanol, neutral grain spirit, or rectified spirit, is known as ethanol. Corn, rye, wheat, grapes, grains, sugarcane, tubers, and beets can all be used as raw material in the grain alcohol market, which is a neutral spirit. Everclear, Alcohol-95, and Golden Grain are among the brand names available. In countries like Mexico and Canada, it's made from a fermented blend of corn, sugar, yeast, and water.

A research team conducted a significant amount of primary and secondary research for the analysis of the Grain Alcohol market. In order to supplement the available data, segment the market, calculate the market's overall size, and project market size and growth rate, secondary research was conducted.

The market for Grain Alcohol is discussed, as well as the various market participants. Data are contributed by market participants, geographical regions, and particular requirements. This study proposal is ready for the market and offers a thorough overview of all significant innovations currently in use across all market segments. It is advised to present key data analysis using statistics, infographics, and presentations.

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Grain Alcohol Market Scope:

The increase in the number of breweries in recent years has been a major driver of grain alcohol market growth. Beer consumption has risen at an exponential rate in recent years. Major market participants and local producers are sourcing grain alcohol from barley to meet the needs of beer. Furthermore, the rising popularity of craft beer and locally produced beer among young people is expected to boost global demand for alcoholic beverages.

Changing lifestyles, growing urbanisation, rising alcoholic beverage consumption rates, high disposable incomes, and the popularity of beer among millennials are a few other major reasons driving the grain alcohol market. Over the next five years, the growing popularity of craft beer and local beer is projected to raise demand for domestic malt which is witnessing the growth of the market.

Grain Alcohol Market Segmentation:

The market is divided into four categories based on application: Beverages, Foods, Pharmaceuticals & Health Care, and Others. With a 47% market share in 2020, the Beverages Segment dominated the grain alcohol market. The beverages section includes beer, wine, spirits, and additional libations like ready-to-drink (RTD), premixes, cider, and perry. Behind water and tea, beer is the third most consumed beverage worldwide and the most consumed alcoholic beverage. Global beer consumption is being driven by factors including increasing disposable income, improvements in beer quality, marketing and advertising initiatives, and a steadily expanding population of beer drinkers. Wine is an alcoholic beverage made from fermented grapes or other fruits.

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Grain Alcohol Market Key players:

Merck Group (Germany)
Roquette Frères (France)
MGP Ingredients (US)
Cristalco (France)
Grain Processing Corporation (US)
Wilmar Group (Singapore)
Manildra Group (Australia)
Glacial Grain Spirits (US)
Hardenberg Wilthen AG (Germany)
Taishan Liquor (China)

COVID-19 Impact on Grain Alcohol market:

The COVID-19 outbreak has had a significant impact on the Grain Alcohol market. Due to the global economic downturn and a labour shortage, the development of Grain Alcohol production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered employee visits, limiting the growth of the Grain Alcohol market in 2020. However, given the high demand for Grain Alcohol, the market effects of COVID-19 are expected to be transitory. The industry is expected to fully recover by early 2021.

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