The global alcoholic raw material industries in geographical
markets is more or less divided in North America, Europe, Asia and other
markets where European region is noted as the largest share of alcohol
consumption with an overall sales of 30% revenue that is followed by the North
American market. According to the researched report, over a period the constituents
market of alcohol globally is projected to experience a steady growth.
Driven by a combination of new trends through changing demandpatterns and emerging economies, the growth of global alcohol raw material
market such as colours, flavour and other raw materials are expected to reach
USD 1.18 billion by the 2019 which is noted to be up from 989.2 million in
2013.
According to the recent reports done by Frost & Sullivan, due to
rising demand for yeast and enzymes, strong growth has been projected in the
other ingredients sector of alcohol, however flavor is noted as the major sector
of the alcohol raw material market. Geographically in developing regions such
as Asia-Pacific focus is projected to boost, as in this region the consumer spending on
alcohol is mounting high.
Furthermore, the main components of most alcoholic beverages are Ethanol
and water, where Ethanol is the most important alcohol fuel that can be formed
by converting the starch substance of biomass feedstock into alcohol.
As per analysts, development of new product is likely to gain swiftness
in the ingredients legroom as in the alcohol beverage industry innovation is
noted as a key success factor, moreover with consumers embracing legitimacy and
sticking to products they know best the customer loyalty and brand image will
also coerce growth.
Moreover, as smaller and regional industries have substantial knowledge
of the local market, companies with a global presence are likely to firm up
with them as it will help them to modify alcoholic beverage production to go
well with varying regional and local tastes. Furthermore in next few years, the
global alcoholic raw material market will uphold a constant growth along with
greater investment potential.
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