Global Alcohol Ingredients Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Ingredient Type;

Yeast, Enzymes, Colors, and Flavors & Salts.

By Beverage Type;

Beer, Spirits, Wine, Whisky, and Brandy.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn456790461 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Alcohol Ingredients Market (USD Million), 2020 - 2030

In the year 2023, the Global Alcohol Ingredients Market was valued at USD 1,967.55 million. The size of this market is expected to increase to USD 3,264.26 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.5%.

The alcohol ingredients market is experiencing growth globally, fueled by increased alcohol consumption and the rising popularity of craft beer. Companies like Lucas Bols, specializing in alcoholic beverage production, have witnessed revenue fluctuations over the years, with a notable drop during the COVID-19 pandemic. However, post-pandemic recovery has led to renewed demand, prompting ingredient manufacturers to ramp up production to meet the needs of the alcoholic beverage sector. Craft beer, in particular, has seen a surge in demand, leading to the establishment of numerous craft breweries worldwide, especially in countries like the United Kingdom, Germany, and Italy.

Manufacturers in the alcohol ingredients market are expanding their production capacities to keep pace with the growing demand. For instance, Angel Yeast's acquisition of Bio Sunkeen in collaboration with Shandong Lufa Holding signifies a strategic investment in production capabilities. This trend underscores the industry's commitment to meeting consumer demand and adapting to market dynamics. Additionally, manufacturers are focusing on innovation to enhance the quality of alcoholic beverages, developing various types of ingredients such as colorants, yeast, flavors & salt, enzymes, and others.

The alcohol ingredients market is witnessing a continuous drive towards product innovation to cater to evolving consumer preferences. Manufacturers are exploring new ingredient formulations and technologies to improve the taste, aroma, and overall sensory experience of alcoholic beverages. This emphasis on innovation reflects the industry's commitment to staying competitive and meeting the diverse demands of consumers worldwide. As the market continues to evolve, collaboration, investment in production infrastructure, and ongoing research and development efforts will remain crucial drivers of growth and innovation in the alcohol ingredients sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Ingredient Type
    2. Market Snapshot, By Beverage Type
    3. Market Snapshot, By Region
  4. Global Alcohol Ingredients Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Expansion of the Craft Brewing and Distilling Industry
        2. Regulatory Environment and Taxation
        3. Increasing Demand for Alcoholic Beverages
      2. Restraints:
        1. Alcohol Taxation and Pricing
        2. Regulatory Compliance and Legislation
        3. Health Concerns and Alcohol Consumption Patterns
      3. Opportunities:
        1. Health and Wellness Products
        2. Expansion of Non-Alcoholic and Low-Alcohol Beverages
        3. Innovation in Flavor and Ingredient Profiles
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Alcohol Ingredients Market, By Ingredient Type, 2022 - 2032 (USD Million)
      1. Yeast
      2. Enzymes
      3. Colors
      4. Flavors & Salts
    2. Global Alcohol Ingredients Market, By Beverage Type , 2022 - 2032 (USD Million)
      1. Beer
      2. Spirits
      3. Wine
      4. Whisky
      5. Brandy
    3. Global Alcohol Ingredients Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kerry Group plc
      2. Cargill, Incorporated
      3. Archer Daniels Midland Company
      4. Dohler Group SE
      5. Koninklijke Dsm N.V
  7. Analyst Views
  8. Future Outlook of the Market