Alcohol Ingredients Market

Alcohol Ingredients Market worth 2.68 Billion USD by 2023
The report " Alcohol Ingredients Market by Ingredient Type (Enzymes, Yeast, Colorants, Salts And
Flavors, And Others), Beverage Type (Beer, Wine, Spirits, Whisky, Brandy, And Others) And By Region Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)", Alcohol Ingredients
Market was worth USD 1.67 billion in 2018 and expected to be growing at a CAGR of 9.9%, to reach USD
2.68 billion by 2023. The key factors associated with the growth in the market are increased
consumption of alcohol beverages and high acceptance of socializing places like bars & pubs.
By ingredient type, the salts & flavours segment accounted for the largest share of the market in 2016
On the basis of ingredient type, the Alcohol Ingredients market has been segmented into Enzymes,
Yeast, Colorants, Salts and Flavours, And Others. In 2016, the salts & flavours segment accounted for the
largest share of the global Alcohol Ingredients market occupying more than 50% of the market share.
Salts & Flavours are added to beverages to avoid any loss of taste during processing.
By beverage type, the beer segment accounted for the largest share of the market in 2016
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ingredients-market-2638/customize-report
On the basis of beverage type, the Alcohol Ingredients market has been segmented into Beer, Wine,
Spirits, Whisky, Brandy, And Others. In 2016, the beer segment accounted for the largest share of the
global Alcohol Ingredients market due to its rise in consumption all around the globe. Spirits are likely to
be fastest growing segment during the forecast period.
Europe dominated the market in 2016
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Europe accounted for the largest share of the Alcohol Ingredients market in 2016 and is considered to
be a potential market. Developing countries with high population growth like Asia Pacific, and Latin
America countries are expected to have a high growth rate.
The various players in the Alcohol Ingredients market include Chr. Hansen Holdings A/S (Denmark),
Sensient Technologies Corporation (U.S.), Ashland Inc. (U.S.), Archer Daniels Midland Company (U.S.)
and Cargill, Incorporated (U.S.).
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Alcohol Ingredients Market was worth USD 1.67 billion in 2018 and expected to be growing at a CAGR of 9.9%, to reach USD 2.68 billion by 2023. Alcoholic beverages are produced by the fermentation of fruit, vegetables or cereals.