Alcohol Ingredients Market Size, Industry Share, Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Alcohol Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global alcohol ingredients market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the alcohol ingredients market?

The global alcohol ingredients market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.

What are alcohol ingredients?

Alcohol ingredients comprise barley, corn, rye, wheat, potatoes, fruit juices, grapes, ethanol, yeast, enzymes, flavorings, colors, sugar, and salt. They are fermented to produce alcoholic beverages, such as wine, cider, beer, and rum. They are also distilled to remove water and create a strong characteristic flavor of alcohol. They are incorporated into the drinks to enhance the overall taste and provide sweetness. They increase the shelf life of the beverages and improve the quality over time by reducing the unpleasant flavors from volatile sulfur compounds during maturation.

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What are the growth prospects and trends in the alcohol ingredients industry?

The growing demand for ​alcoholic ingredients for the production of high-quality ​beverages is a major driver of market growth. Furthermore, ​alcohol companies are ramping up their ​marketing and branding efforts to boost ​sales and attract a larger customer base. This, coupled with the increasing presence of online brands offering premium wines, is fueling market expansion. Moreover, the widespread availability of affordable alcoholic beverages that are both delicious and of good quality is contributing to a positive market outlook. Additionally, the increasing number of restaurants, pubs, and bars serving cocktails, along with the thriving food and beverage (F&B) industry, is having a positive impact on the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Ingredient Type:

Breakup by Beverage Type:

Breakup by Region:

Who are the key players operating in the industry?

The report covers the major market players including:

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