Uploaded on Apr 29, 2021
Alcohol Ingredients Market including Growth Factors, Types and Application by regions by 2026
Alcohol Ingredients Market
Alcohol Ingredients Market including Growth Factors, Types and Application by regions by
2026
Market Overview
Alcohol ingredients are specialty ingredients, including yeast, flavors & salts, enzymes, and colors,
which are majorly used in the fermentation of plant-derived carbohydrate materials such as fruits,
vegetables, berries, and grains in order to produce alcoholic beverages as well as a variety of food
applications. Rising consumption of alcoholic beverages is one of the key factors boosting the
demand for alcohol ingredients. According to Coherent Market Insights, France recorded the
highest per capita consumption of whiskey, accounting for 2.36 liters in 2014.
Uruguay was placed second, with a per capita consumption of 1.85 liters, while the U.S. ranked
third with 1.32 liters. Furthermore, the South Asian Nations consumed over 1.8 billion liters of
whiskey in 2015. These countries are majorly responsible for the high demand for alcohol
ingredients. Additionally, rising young adult demographic and rising purchasing power of
consumers are major factors boosting the demand for alcoholic beverages, in turn fuelling growth of
the alcohol ingredients market.
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Market Dynamics
Among ingredients type, the salts & flavors segment held a dominant position in the global alcohol
ingredients market in 2016. Dominance of this segment is attributed to the extensive use of natural
or artificial flavors in alcoholic beverages, including spirits, beers, and wines.
Among beverage type, the distilled spirits segment is expected to record the fastest growth during
the forecast period, owing to the rising consumption of distilled spirits worldwide. According to
Coherent Market Insights’ analysis, the global distilled spirits market is expected to cross over US$
37 billion by 2025.
Alcohol Ingredients Market Taxonomy
On the basis of ingredient type, alcohol ingredients market is segmented into:
•Yeasts
•Enzymes
•Colorants
•Salts & flavors
•Others
On the basis of beverage type, alcohol ingredients market is segmented into:
•Whiskey
•Brandy
•Beer
•Distilled Spirits
•Rum
•Vodka
Key players operating in the alcohol ingredients market include Chr. Hansen Holdings A/S, Ashland
Inc., Sensient Technologies Corporation, Cargill, Inc., Archer Daniels Midland Company, Dohler
GmbH, Angel Yeast Co. Ltd., Lesaffre et Compagnie S.A., D.D. Williamson and Co. Inc., Kerry
Group Plc, Koninklijke DSM N.V., and Synergy Flavors Inc.
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absolute dollar opportunity.
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