Food-grade Alcohol Market Analysis By Product (Ethanol, Sorbitol, Xylitol, Others), By Source (Sugarcanes & Molasses, Fruits, Grains, Others), By Application (Food & Beverages, Personal Care, Pharmaceuticals)

Food grade alcohol is estimated to grow with its increasing application in products related to healthcare and pharmaceuticals, personal care, and food & beverages. In addition, increasing consumption of various types of beverages along with the growing trade of alcohol across the world is also expected to propel the demand for food-grade alcohol.

Alcohol is also used as an ingredient for manufacturing extracts, vinegar, flavors, and yeast.Food-grade alcohol is safe for human consumption and is therefore used in kitchens, workbenches, and laboratories. Many names are used for food-grade alcohol, such as anhydrous ethanol, grain alcohol, and non-denatured alcohol.

Food-grade alcohol plays a pivotal part in the healthcare industry due to its utilization in the sterilization of medical equipment. Sugar and ethylene are basic materials, which are used in the synthesis of various food-grade alcohols. In addition, polyols are replacements for sugar, which are widely used in the preparation of food items.It is also used in the preparation of numerous medicines in the pharmaceutical industry.

This has compelled manufacturers to introduce some innovative formulations involving food-grade alcohol in the industry. Substantial growth of the food processing industry along with growing consumption of ethanol is expected to stimulate the demand for food-grade alcohol over the forecast period.Demand for food-grade alcohol is projected to increase owing to the high demand for beer and spirits around the world. The rising disposable income of people around the world is increasing the demand for specialized food and beverage products.

Changing Food Habits and Increasing Urbanization-

Expanding urbanization is leading to remarkable growth in the processed food industry. Manufacturers from the food industry use alcohol in certain food products as a preservative, additive, and flavor enhancer. Numerous alcohol-based ingredients such as polyols are used extensively in the nutraceutical and pharmaceutical industry in the form of sanitization products, functional food and beverages, and dietary supplements.

Surging demands for food ingredients, including food-grade alcohol is predicted to generate lucrative opportunities for industry players.