The Food Grade Alcohol Global Market Report 2023, provides comprehensive information on the food grade alcohol market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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According to The Business Research Company's comprehensive report, "Food Grade Alcohol Global Market Report 2023," the global food grade alcohol market is poised for substantial expansion. The market is anticipated to progress from its 2022 valuation of $5.76 billion to reach $6.06 billion in 2023, reflecting a commendable Compound Annual Growth Rate (CAGR) of 5.1%. However, it is crucial to acknowledge the impact of external factors on the market's trajectory, particularly the Russia-Ukraine war. This geopolitical conflict has cast a shadow over the global economic recovery following the COVID-19 pandemic, at least in the short term. The ripple effects of this war have manifested in the form of economic sanctions imposed on multiple nations, a notable upsurge in commodity prices, and disruptions in supply chains. These repercussions have led to inflationary pressures affecting a wide spectrum of goods and services, thereby influencing diverse global markets.

Despite these challenges, the global food grade alcohol market is expected to continue its growth trajectory, with a projected market size of $7.26 billion by 2027, albeit at a slightly reduced CAGR of 4.6%. This underscores the resilience of the industry and its ability to adapt to complex global dynamics, offering a beacon of hope in an ever-evolving economic landscape. The consistent growth of the food grade alcohol market is a testament to its importance in various sectors, including the food and beverage industry, pharmaceuticals, and beyond, where it serves as a key ingredient and raw material for diverse applications. As such, monitoring its expansion and understanding the factors that influence it is of paramount importance for industry professionals and stakeholders.

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The landscape of the food-grade alcohol market has witnessed a compelling transformation, with innovation in craft breweries emerging as a prominent and widely embraced trend. Prominent entities within the food-grade alcohol sector are strategically channeling their efforts into the development and nurturing of innovative craft breweries, a strategic move designed to bolster their competitive standing.

In an illustrative case, we can highlight the endeavors of Hopsteiner, a distinguished hops supplier headquartered in the United States. In August 2021, Hopsteiner introduced a groundbreaking offering to the market - ALTUS, an alcohol-flavored hop meticulously tailored for use in breweries, elevating the art of beer crafting. ALTUS boasts a distinct flavor profile characterized by spicy tangerine notes, a formidable alpha-acid content hovering around 20%, and an impressive yield of approximately 3,500 PPA. This unique hop variety has swiftly gained recognition among brewers who are in constant pursuit of novel aromatic dimensions and heightened brewing efficiency. Notably, ALTUS encompasses Super AA varieties that have historically served as the cornerstone of brewing, and its genetic makeup has been thoughtfully engineered to lend it the versatility needed to excel in malt-centric brewing recipes.

The introduction of ALTUS is emblematic of the ongoing quest within the food-grade alcohol industry to push the boundaries of flavor innovation and operational excellence. The utilization of such meticulously crafted hops not only enhances the sensory experience of beer enthusiasts but also streamlines the brewing process itself. It is a testament to the commitment of market leaders to remain at the vanguard of innovation, offering a rich tapestry of options to discerning brewers seeking to create exceptional and unique beer varieties. As such, the food-grade alcohol market is undergoing a transformative journey marked by a harmonious blend of tradition and innovation, and ALTUS stands as a shining example of this dynamic evolution.

The food grade alcohol market is segmented:

1) Food Grade Alcohol Market By Product: Ethanol, Polyols

2) Food Grade Alcohol Market By Source: Sugarcane and Molasses, Fruits, Grains

3) Food Grade Alcohol Market By Function: Coatings, Preservatives, Flavouring, Other Functions

4) Food Grade Alcohol Market By Application: Spirits, Vinegar, Extracts, Cosmetics, Pharmaceutical, Industrial Application

Asia-Pacific was the largest region in the food grade alcohol market in 2022.

The table of contents in TBRC’s food grade alcohol market report includes:

1. Executive Summary

2. Food Grade Alcohol Market Characteristics

3. Food Grade Alcohol Market Trends And Strategies

4. Food Grade Alcohol Market - Macro Economic Scenario

5. Food Grade Alcohol Market Size And Growth

......

26. Africa Food Grade Alcohol Market

27. Food Grade Alcohol Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Food Grade Alcohol Market

29. Food Grade Alcohol Market Future Outlook and Potential Analysis

30. Appendix

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