FOOD GRADE ALCOHOL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Stringent regulations regarding food safety is one of the primary factors driving the growth of the food grade alcohol market. Governments across the world are implementing stricter guidelines to ensure the quality and safety of food products. Alcohol that does not meet the prescribed standards for food consumption cannot be used in the food industry. This has compelled food companies to rely solely on food grade alcohol that adheres to the regulatory norms. The food grade alcohol manufacturing industry has responded proactively to these regulations. Producers are investing heavily in R&D to come up with innovative purity testing technologies and upgrading production facilities. Advanced distillation and filtration methods allow manufacturers to remove impurities and contaminants from alcohol. They can certify that their products meet all criteria specified by regulatory bodies. This gives confidence to food businesses that opt for these alcohols. It has also increased transparency in a supply chain. The trend of stringent norms is likely to continue in the coming years. For instance, according to a study by the WHO, over 200,000 people require hospitalization every year globally due to contaminated food. Governments are under pressure to strengthen laws to curb foodborne illnesses. The food industry needs to comply with evolving standards. This dependable demand for certified pure alcohol from the food industry will spur growth opportunities for food grade alcohol producers.

• MGP
• Cargill Incorporated
• ADM
• Cristalco
• Grain Processing Corporation
• Wilmar International Ltd.
• Extractohol
• Pure Alcohol Solutions
• Nedstar
• Sasma B.V.
• Roquette Frères
• Essentica
• AVANSCHEM
• Fairly Traded Organics
• Ethimex Ltd