Grain Alcohol Market by Source (Corn, Sugarcane, Wheat, and Others) and Application (Food & Beverages, Pharmaceuticals, Personal Care, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026639 | Pages: 100 | Industry: Food and Beverages | Date: Oct 2022 | Type: Global

The market crossed US$ 12.8 billion mark in 2022 and is expected to hit US$ 18.1 billion by 2030, recording an approximate CAGR of 4.5% during the forecast period.

Increasing demand for grain alcohol for beer production

Grain alcohol, also known as neutral sprit, is obtained from wheat, barley, sugarcane, corn, among other sources. It is widely used as a base in the production of beer and craft spirits. Over the past few years, the consumption of beer has increased owing to changing lifestyle of people, affordability of beer over other alcoholic beverages, and easy availability across multiple retail stores. Moreover, beer has less ABV (alcohol by volume) content compared to other alcoholic beverages. Therefore sober-conscious population is increasingly preferring beer over other alcohols and spirits. Thus, the rising demand for beer is driving the growth of grain alcohol market.

Within the report, the market is segmented into source, application, and geography. By source, the market is segmented into corn, sugarcane, wheat, and others. Based on application, the market is segmented into food & beverages, pharmaceuticals, personal care, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising Demand in the Pharmaceuticals and Personal Care Industries

The pharmaceuticals industry is growing at a rapid pace with increased healthcare expenditure, rising prevalence of diseases, and increased health awareness among people. Moreover, the personal care industry is booming with improving lifestyle, growing focus on self-care and appearance, and increasing disposable income levels. Grain alcohol is widely used as a disinfectant in various pharmaceutical products such as sanitizers, wipes, anesthetics, drugs, liniments, lotions, and also for cosmetics such as fragrances, deodorants, and shampoos. Thus, the growth of pharmaceuticals and personal care industries and rising utilization of grain alcohol in pharmaceuticals and personal care products are driving the growth of grain alcohol market.

Rising Demand for Grain Alcohol in Developing Markets

The consumption of alcoholic beverages in developing countries such as India, Brazil, South Africa, and the UAE is increasing with improving lifestyle of people, increasing per-capita income, and rising influence of western culture. Grain alcohol is majorly used for manufacturing alcoholic beverages such as beer, whiskey, and other spirits. Thus, the rising consumption of alcoholic beverages in the developing countries is directly influencing the growth of grain alcohol market over the forecast period.

Recent strategic developments in grain alcohol market

The grain alcohol market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2021, Grain Processing Corporation opened a state-of-the-art, highly equipped, alcohol distillery in Muscatine, Iowa, the US

The grain alcohol market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cargill Incorporated, ADM, Glacial Grain Spirits, Grain Processing Corporation, Cristalco are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Manufacturers and distributors of grain alcohol
  • Government bodies, such as regulating authorities and policy makers
  • Manufacturers of alcoholic beverages
  • Raw material providers for the food & beverage, pharmaceuticals, and personal care products
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Source:
    • Corn
    • Sugarcane
    • Wheat
    • Others
  • Application:
    • Food & Beverages
    • Pharmaceuticals
    • Personal Care
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled        
    • Cargill Incorporated
    • ADM
    • Glacial Grain Spirits
    • Grain Processing Corporation
    • Cristalco

The List of Companies
- Cargill Incorporated
- ADM
- Glacial Grain Spirits
- Grain Processing Corporation
- Cristalco

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