The global Grain Alcohol market size is projected to reach USD 15 billion by 2026 at a CAGR of 4.2% from USD 12.3 billion in 2021 during the forecast period 2021-2028.
Grain alcohol is basically a purified version of ethyl alcohol and is better known as rectified spirit or neutral grain spirit. It is a colourless, clear liquid, which is tasteless and also lack fragrance. It is made by the fermentation of the grains and thus is named so.
With the recent trend of alcohol use along with the worldwide increase in production of craft beer are some of the factors that have supported long-term expansion for Grain Alcohol Market.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With the nationwide lockdown across the globe has resulted into disrupted supply chains and the shortage of raw material have impacted the sector.
Europe is expected to be the largest market during the forecast period. The European market has been one of the largest ever since and has continued to mark its dominance due to the high consumption level of alcohol and the high demand for low calorie food and weather conditions.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 12.3 billion |
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Growth Rate |
CAGR of 4.2% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
type, application, source, functionality and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
ADM, Cargill, Merck Group, Roquette Frères, MGP Ingredients, Cristalco, Grain Processing Corporation, Wilmar Group, Manildra Group, Glacial Grain Spirits |
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Available Customization |
In addition to the market data for Grain Alcohol Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Grain Alcohol Market is segmented into type, application, source, functionality and geography.
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