Global Alcohol Ingredients Market to reach USD 3.11 billion by 2027.Global Alcohol Ingredients Market is valued approximately USD 1.80 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.13 % over the forecast period 2021-2027. Alcohol ingredients are specialty ingredients that are primarily employed in the fermentation of plant-derived carbohydrate materials utilized in the production of alcoholic drinks as well as a number of culinary applications. Rising alcoholic beverage consumption is one of the major causes driving up demand for alcohol components. Furthermore, expanding young adult demographics and expanding consumer spending power are important drivers driving demand for alcoholic drinks, fueling development in the alcohol components market. The young generation is likely to continue to be the primary customer base of the alcohol sector. The growing number of clubs, bars, and brewers has also considerably boosted the market. For instance, According to WHO, the total per capita alcohol consumption in India is expected to increase to 7.9 liters in 2025 from current 6.6% liters in 2020. Similarly, the figure for United States is 10.3L from 10.1 L, 11.5L to 11.8L for UK and 8.1L from 7.5 for China in period 2020-2025. . However, excessive alcohol intake is harmful to human health, and there is an increasing global awareness of the dangers of alcohol usage which impedes the growth of the market over the forecast period of 2021-2027. Also, rising demand for craft alcoholic products, frequent mergers and acquisitions, joint ventures and partnerships, product innovation, and regional expansions is likely to increase the market growth during the forecast period.

The geographical analysis of global alcohol ingredients market is considered for the main regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share attributing to the rapid growth of the alcohol industry, high consumption of alcoholic beverages, and the presence of major industry suppliers. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, urbanization, increase of the number of bars, clubs, and restaurants grows, and availability of distribution channels would create lucrative growth prospects for the alcohol ingredients market across Asia-Pacific region.

Major market player included in this report are:
Synergy Flavors Inc.
Chr. Hansen Holdings A/S
Ashland Inc.
Sensient Technologies Corporation
Cargill, Inc.
Archer Daniels Midland Company
Dohler GmbH
Angel Yeast Co. Ltd.
D.D. Williamson and Co. Inc.
Kerry Group Plc,
Koninklijke DSM N.V.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Ingredient Type:
Yeasts
Enzymes
Colorants
Salts & flavors
Others
By Beverage Type:
Whiskey
Brandy
Beer
Distilled Spirits
Rum
Vodka
Scotch
Tequila
Gin
Wine
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Alcohol Ingredients Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors