Zion Market Research, the market research group announced the analysis report titled ‘Alcohol Ingredients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Alcohol Ingredients Market: Overview
Alcoholic beverages are drinks that consist of a significant amount of ethanol. It is depressant in nature, whereas the low amount of alcohol may cause sociability, euphoria, and reduced anxiety. However, higher doses may cause unconsciousness and intoxication. In addition, long-term drinking can lead to alcoholism, alcohol abuse, and physical dependence. These beverages include flavors, yeast, colorants, and enzymes. They are widely accepted recreational drugs globally. Alcohol drinking is found to be important in the much social culture. However, the government in several countries monitors production, consumption, and sale of the alcohol carefully.
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Global Alcohol Ingredients Market: Growth Factors
Increasing demand for alcoholic beverages across the world is anticipated to foster the global alcohol ingredients market growth in future. In addition, people are getting more addicted to alcoholic beverages, which is leading to increasing growth of the global market in the near future. Moreover, drinking alcohol has become as a status symbol; this may fuel the global alcohol ingredients market. Increasing disposal income and changing consumer habit for branded product is anticipated witness growth in future.
Global Alcohol Ingredients Market: Segmentation
The global alcohol ingredients market is categorized based on ingredient type as colorants, and flavors and salts. Of these, flavors and salts segment is the dominating segment in the global market. These flavors are added to the beverages in order to prevent from loss of taste throughout food processing. These flavors can be artificial or natural. Flavored alcoholic beverages such as beers, spirits, and wines are getting more popular across the world. They have become an integral part of alcoholic beverages sector. Based on beverage type, the global market is bifurcated as spirits, beer, and wine. Of these, beer is the leading beverage type segment in the global alcohol ingredients market owing to increasing demand for cider beer, beer made from fruit juice, and craft beer, which may propel the global market growth in the future.
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Global Alcohol Ingredients Market: Regional Analysis
Europe is the dominating region for alcohol ingredients and this demand expected to increase in the near future, due to growth in the beverages manufacturing activities. North America is considered as a mature market for alcoholic beverages, owing to increasing food and beverages industries. Companies focus in this region is to occupy other regions as well. However, beverages manufacturers are planning to penetrate into newer markets primarily in Asia Pacific. Changing consumer preferences for leading brand in the beverages in the India and China may enhance the global alcohol ingredients market.
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Global Alcohol Ingredients Market: Competitive Players
Key players in the global alcohol ingredients market are Treatt, Angel Yeast, Crystal Pharma, Bio Springer, D.D. Williamson, Chr. Hansen, ADM, Sensient, Dohler, Ashland, Kerry, and Synergy Flavors, and Biorigin. Other major players influencing the global market are Kothari Fermentation and Biochem, Koninklijke DSM, Suboneyo Chemicals Pharmaceuticals, and Chaitanya.
Alcohol Ingredients Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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