Alcohol Ingredients Market Worth $1.8 Billion by 2020
New market report defines and segments the alcohol ingredients market on the basis of ingredient type, beverage type, and region, with analyses and projections of market size
The report "Alcohol Ingredients Market by Ingredient Type (Yeast, Enzymes, Colorants, flavors & salts, and others), Beverage Type (Beer, Spirits, Wine, Whisky, Brandy, and Others), & by Region - Global Trends & Forecasts to 2020", published by MarketsandMarkets, the market for Alcohol Ingredients is projected to reach USD 1.8 Billion by 2020 at a CAGR of 9.4% from 2015 to 2020 in terms of value.
The market report defines and segments the Alcohol Ingredients Market on the basis of ingredient type, beverage type, and region, with analyses and projections of the market size of each of these segments in terms of value (USD Million). It also identifies the driving and restraining factors for the Alcohol Ingredients Market with analyses of the trends, and opportunities
Alcohol ingredients are specialty ingredients used in a variety of food & beverage applications, especially in the production of alcoholic beverages. Alcohol ingredients such as yeast, enzymes, colors, flavors & salts, and other ingredients are extracted from natural sources such as plants, vegetables, and fruits. Key market players adopted new product development, acquisitions, and expansions as their preferred strategies to sustain in the market.
The market for alcohol ingredients is projected to reach USD 1.8 Billion by 2020 at a CAGR of 9.4% from 2015 to 2020 in terms of value. In terms of volume the Alcohol Ingredients Market was 903.3 KT in 2014 and is expected to grow at a CAGR of 8.0% during the review period. Europe is estimated to be the largest market for alcohol ingredients both in terms of value and volume in 2015. The Asia-Pacific region is projected to be the fastest-growing market with a CAGR of 9.7% in terms of value during the review period. This growth is driven by the increasing consumption of alcoholic beverages, particularly in developing countries such as India, Australia, Japan, and China.