Home > Food & Beverages > Beverages > Alcoholic Beverages > Grain Alcohol Market

Grain Alcohol Market Trends

Report ID: GMI6418
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Grain Alcohol Market Trends

Sustainability has become a critical concern in the grain alcohol industry. There is a growing emphasis on using sustainable and eco-friendly feedstocks for ethanol production, such as corn waste, sugarcane bagasse, and cellulosic materials, to reduce the environmental impact. The grain alcohol industry is witnessing ongoing technological advancements aimed at improving production efficiency and reducing costs. Advancements in fermentation and distillation processes, as well as the use of advanced catalysts, are enhancing the yield and quality of grain alcohol.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of grain alcohol recorded USD 12.6 billion in 2022 and is estimated to register USD 19.1 billion by the end of 2032, due to increasing consumption of alcoholic beverages worldwide.

Food grade grain alcohol industry held 40% revenue share in 2022, owing to the rising demand for alcoholic beverages, including spirits, beer, and wine driven by increasing social gatherings, celebrations, and cultural norms.

The beverage industry application segment is poised to observe 3.7% CAGR from 2023 to 2032, attributed to the rapidly changing consumer taste preferences and the rising popularity of craft and premium spirits.

U.S. market size dominated around USD 2.8 billion in 2022, on account of increasing consumption of alcoholic beverages such as, whiskey, vodka, rum, and various spirits in the region.