The global Alcohol ingredients market is projected to grow at a CAGR of 9.8 %. Alcohol is formed when yeast ferments or breaks down the sugar without oxygen in different food. Alcohol is a toxic & psychoactive substance with dependence producing properties. In many of today’s societies, alcoholic beverages are a routine part of the social landscape for many in the population. As change in life style, earnings, habits play a vital role in the consumption of alcohol. The consumption habits tend to be harmful if practices on a daily basis.
Alcohol consumption contributes to 3 million deaths each year globally as well as to the disabilities and poor health of millions of people. Overall, harmful use of alcohol is responsible for 5.1% of the global burden of disease. Harmful use of alcohol is accountable for 7.1% and 2.2% of the global burden of disease for males & females respectively. Alcohol is the leading risk factor for premature mortality and disability among those aged 15 to 49 years, accounting for 10 percent of all deaths in this age group. There is a causal relationship between harmful use of alcohol & mental disorders, behavioral disorders, other non-communicable conditions as well as injuries. Beyond health consequences, the harmful use of alcohol brings significant social and economic losses to individuals and society at large. WHO has identified that the most cost-effective actions to reduce the harmful use of alcohol include increasing taxes on alcoholic beverages, enforcing restrictions on exposure to alcohol advertising, and restrictions on the physical availability of retailed alcohol. All these factors together have cause high level of awareness about risks associated due to alcohol consumption among the consumers. This is expected to have significant impact on the alcohol ingredients market.
Few Alcohol consumers tend to be strongly addictive in result suffer from burden of loans, and losses. Approximately market size of alcohol market in 2020 reached about $1,580 billion and it is expected to grow at $ 1,630 billion in 2021. Consumers tend to incline towards crafted beers in the European countries this has resulted in numerous brewery houses. Additionally the point of sales of alcohol such as pubs, bars with variety of fancy themes are known to be best environment for socializing, this in turn drive sales of alcohol. The alcohol consumption is more in the age group of 18-40 as they tend to change lifestyle and are financially independent. Although alcohol market has taxes employed by the government there is growth in sales of alcohol globally.
Around 8,884 breweries are registered in the U.S. accounting to revenue of about $ 22 billion in 2020. Craft breweries have tend to grow as they are continuously innovating in terms of providing quality and also offer wide range of taste. Also, the environment provided by these breweries attracts the consumers for socializing. Breweries in Europe & Asia Pacific have increased significantly as the increasing consumers’ interest is driving the market. The strategy in breweries has always focused on offering wide range of taste and flavors, marketing strategies and updating themes.
The Covid-19 situation has brought a revolutionary change in the liquor industry and has affected the spontaneous growth of this industry. The sales have been declined by 20% - 30% during the pandemic. Various other strategies are being adopted to generate sales such as online platforms, generating supply chain techniques. Though the government levies high taxes on the alcohol industry the alcohol is termed as essentials in various regions. This industry will require more time to function normally due to the restrictions and dangers this industry is subject to in these pandemic times. Especially the recovering covid 19 patients are constantly discouraged to consume alcohol.
The key players in this industry include Kerry Group plc, Cargill, Archer Daniels Midland Company, Dohler Group SE, KoninklijkeDsmN.V, TreattPlc; Biospringer, AngelYeast Co., Ltd., Chr Hansen A/S, DDW, The Color House; Sensient Technologies & Ashland Global Specialty Chemicals, Inc. The key focus of market players is to include improvement in terms of sustainability benefits & innovation in enzymes & ingredients to help brewery save thousands of tonnes of CO2 equivalent per annum.
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2029.
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Increasing Awareness to Limit Alcohol Consumption
Alcohol consumption contributes to 3 million deaths each year globally as well as to the disabilities and poor health of millions of people. Overall, harmful use of alcohol is responsible for 5.1% of the global burden of disease. Harmful use of alcohol is accountable for 7.1% and 2.2% of the global burden of disease for males & females respectively. Alcohol is the leading risk factor for premature mortality and disability among those aged 15 to 49 years, accounting for 10 percent of all deaths in this age group. There is a causal relationship between harmful use of alcohol & mental disorders, behavioral disorders, other non-communicable conditions as well as injuries. Beyond health consequences, the harmful use of alcohol brings significant social and economic losses to individuals and society at large. WHO has identified that the most cost-effective actions to reduce the harmful use of alcohol include increasing taxes on alcoholic beverages, enforcing restrictions on exposure to alcohol advertising, and restrictions on the physical availability of retailed alcohol. All these factors together have cause high level of awareness about risks associated due to alcohol consumption among the consumers. This is expected to have significant impact on the alcohol ingredients market.
Alcohol market generates huge revenue
Few Alcohol consumers tend to be strongly addictive in result suffer from burden of loans, and losses. Approximately market size of alcohol market in 2020 reached about $1,580 billion and it is expected to grow at $ 1,630 billion in 2021. Consumers tend to incline towards crafted beers in the European countries this has resulted in numerous brewery houses. Additionally the point of sales of alcohol such as pubs, bars with variety of fancy themes are known to be best environment for socializing, this in turn drive sales of alcohol. The alcohol consumption is more in the age group of 18-40 as they tend to change lifestyle and are financially independent. Although alcohol market has taxes employed by the government there is growth in sales of alcohol globally.
Craft beer seems to be a trend
Around 8,884 breweries are registered in the U.S. accounting to revenue of about $ 22 billion in 2020. Craft breweries have tend to grow as they are continuously innovating in terms of providing quality and also offer wide range of taste. Also, the environment provided by these breweries attracts the consumers for socializing. Breweries in Europe & Asia Pacific have increased significantly as the increasing consumers’ interest is driving the market. The strategy in breweries has always focused on offering wide range of taste and flavors, marketing strategies and updating themes.
Covid-19 Limits the Access to Alcohol
The Covid-19 situation has brought a revolutionary change in the liquor industry and has affected the spontaneous growth of this industry. The sales have been declined by 20% - 30% during the pandemic. Various other strategies are being adopted to generate sales such as online platforms, generating supply chain techniques. Though the government levies high taxes on the alcohol industry the alcohol is termed as essentials in various regions. This industry will require more time to function normally due to the restrictions and dangers this industry is subject to in these pandemic times. Especially the recovering covid 19 patients are constantly discouraged to consume alcohol.
Key Players
The key players in this industry include Kerry Group plc, Cargill, Archer Daniels Midland Company, Dohler Group SE, KoninklijkeDsmN.V, TreattPlc; Biospringer, AngelYeast Co., Ltd., Chr Hansen A/S, DDW, The Color House; Sensient Technologies & Ashland Global Specialty Chemicals, Inc. The key focus of market players is to include improvement in terms of sustainability benefits & innovation in enzymes & ingredients to help brewery save thousands of tonnes of CO2 equivalent per annum.
Historical & Forecast Period
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2029.
Key questions answered in this report
- What are the key market segments in current scenario and in the future by product categories?
- What are the key market segments in current scenario and in the future by regions?
- What is the key impact of Covid-19 over market revenues and market determinants in the Alcohol ingredient market?
- What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
- What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
- How to overcome the current market challenges and leverage the opportunities in each of the market segment?
- Who are the key players in the Alcohol ingredient market and what are their key product categories and strategies?
- What are the key strategies - mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?
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Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Alcohol Ingredients Market, By Product
Chapter 5 Alcohol Ingredients Market, By Application
Chapter 6 North America Alcohol Ingredients market Analysis
Chapter 7 Europe Alcohol Ingredients market Analysis
Chapter 8 Asia Pacific Alcohol Ingredients market Analysis
Chapter 9 Rest of the World Alcohol Ingredients Market Market Analysis
Chapter 10 Company profiles
Companies Mentioned
- Kerry Group plc
- Cargill
- Archer Daniels Midland Company
- Dohler Group SE
- KoninklijkeDsmN.V
- TreattPlc; Biospringer
- AngelYeast Co. Ltd.
- Chr Hansen A/S
- DDW
- The Color House
- Sensient Technologies
- Ashland Global Specialty Chemic
