The global Grain
Alcohol market is foreseen to grow at 4.7%, from USD 11.47 Billion in 2021 to
USD 16.56 Billion in 2029. Increasing global beer production and popularity of
craft beer, and increasing global trade in alcohol is seen to propel the market
growth over the forecast period. However, Awareness about harmful effects of
alcohol consumption yet remains one of the factors restraining market growth.
Market Definition
What is Grain Alcohol?
Grain alcohol,
a neutral spirit, can be made from corn, rye, wheat, grapes, grains, sugarcane,
tubers, and beets. It is sold under different brand names, including Everclear,
Alcohol-95, and Golden Grain. In its undiluted form, grain alcohol is harsh, so
you don't consume it straight.
Research Scope
The report
provides market value for base year 2021 and a yearly forecast from 2022 to
2029 in terms of revenue (USD Million). Market for each segment is present on
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
as well as regional basis for the above-mentioned forecast period.
Key industry
dynamics, regulatory scenario, major material dynamics and Hip replacement
devices future markets are analyzed to understand their impact on demand for
the forecast period. Growth rates have been estimated using correlation,
regression and time-series analysis.
Market Overview
Grain Alcohol
market report also provide a thorough understanding of the cutting-edge
competitive analysis of the emerging market trends along with the drivers,
restraints, challenges, and opportunities in the Grain Alcohol market to offer
worthwhile insights and current scenario for making right decision. The report
covers the prominent players in the market with detailed SWOT analysis,
financial overview, and key developments of the products/services from the past
three years. Moreover, the report also offers a 360º outlook of the market
through the competitive landscape of the global industry player and helps the
companies to garner Grain Alcohol market revenue by understanding the strategic
growth approaches.
Grain Alcohol
Market study by “Zettabyte Analytics” provides details about the market
dynamics affecting the market, Market scope, Market segmentation and overlays
shadow upon the leading market players highlighting the favorable competitive
landscape and trends prevailing over the years.
Market Segmentation
For the purpose
of this report, the global Grain Alcohol market is segmented on the basis of Type,
Source, Function, Application and region:
Type
|
Ethanol
|
Polyols
|
|
Source
|
Sugarcane
|
Grains
|
Fruits
|
Other sources (corn and rice)
|
|
Function
|
Preservative
|
Coloring/flavoring agent
|
Coatings
|
|
Application
|
Beverages
|
Food
|
Pharmaceutical & health care
|
Type Outlook:
On the basis of
Type, the market is segmented into Ethanol, Polyols.
Figure 1 - Grain Alcohol Market, By Type (Market
Size And Forecast By Value - USD Million, 2021 & 2029)