ACCESS Newswire
24 Mar 2020, 19:31 GMT+10
Key stakeholders in the global food grade alcohol market must prioritize strategic collaborations in order to diversify their product portfolio and expand foothold in high-growth regions.
DUBAI, UAE / ACCESSWIRE / March 24, 2020 / Food grade alcohol market is projected to exhibit robust growth at approximately 7% CAGR over the forecast period (2019-2028). Major manufacturers continue to innovative beverage products to match the shifting preferences and heightening demand from consumers. FMI projects the global revenue pool to exceed approximately US$ 5.8 Bn by 2028 end.
'Role of food grade ethanol as a food and beverages preservative is fuelling the market growth. Further, manufacturers utilize food grade ethanol to enhance the flavor and color of food products. In some applications, it is used as a food coating agent. Hence, diverse functional properties of food grade alcohol are highly favored by manufacturers,' finds FMI analysis.
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Key Takeaways of Food Grade Alcohol Market Study
Food Grade Alcohol Market - Key Growth Factors
Food Grade Alcohol Market - Key Restraints
Explore the full food grade alcohol market report with 64 illustrative figures, 69 data tables and table of contents. Request ToC of the study at https://www.futuremarketinsights.com/customization-available/rep-gb-11155
Competitive Landscape
Global food grade alcohol market is a highly competitive landscape. Premier companies featured in this FMI study include, but are not limited to, Fonterra Co-operative Group, Sigma-Aldrich, Roquette Freres S.A., MGP Ingredients (US), Archer Daniel Midland Company, and Cargill Incorporated. In order to boost growth, key players are undertaking expansion strategies. Mergers and acquisitions continue to be primary strategic choice for business expansion. Moreover, Asia Pacific will be the regional focus area for market players through the duration of forecast period.
More about the Report
This Future Market Insights study of 200 pages provides all-inclusive insights on the global food grade alcohol market. The market analysis is based on product type (ethanol, polyol), application (food & beverages, pharmaceuticals, personal care) across six regions (North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa, Japan).
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Market Report: https://www.futuremarketinsights.com/reports/food-grade-alcohol-market
Press Release Source: https://www.futuremarketinsights.com/press-release/food-grade-alcohol-market
SOURCE: Future Market Insights
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