The global grain alcohol market is projected to be valued at USD 15.6 billion in 2022 and is expected to grow at a CAGR of 4.2% from 2022 to 2032. Grain alcohol sales are anticipated to represent approximately 26.5% of the overall demand in the global ethanol market, which is valued at USD 59 billion in 2022.
Grain alcohol is produced by distilling fermented grains, which typically include corn, sugar, yeast, and water. Manufacturers may also use other grains, such as wheat and rye. The process involves fermenting the carbohydrate content of the grain with yeast, followed by multiple distillations of the ethanol to achieve the final product.
The use of grain alcohol is on the rise due to changing lifestyles, a growing middle class, and increased disposable income. These emerging economies provide a substantial supply of affordable labor, advanced technology, and relatively relaxed regulations regarding the production of high-quality alcoholic beverages.
Natural sources of grain alcohol, such as sugarcane, cereals, corn, and various fruits and vegetables, are plentiful, particularly in African, Asian, and Latin American countries.
Key Takeaways from Market Study
- The grain alcohol market is expected to expand at CAGR of 4.2% over the forecast period.
- Among the source, corn is dominating the segment holding around 41.6% of the revenue and it is expected to grow with CAGR of 2.6% over the forecasted period.
- Among the functionality segment, disinfectant segment is expected to dominate the application segment holding more than 31.2% revenue share and it is expected to grow with around 2.3% CAGR over the forecast period.
- Ethanol is dominating the type segment holding around 46.7% in 2022 and it is expected to grow with CAGR of 3.7% over the forecasted period.
Competitive Landscape
Key manufacturers of grain alcohol market are majorly focusing on research & development in order to develop innovative and unique product offering. In addition to this these key players in the grain alcohol market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.
- In January 2021 MGP Ingredients, Inc. signed a definitive agreement to buy Luxco and its subsidiary firms. Luxco is a renowned branded beverage and alcoholic beverage firm with an extensive product portfolio. MGP Ingredients plans to expand its scale and market position in the branded-spirits sector as a result of the Luxco purchase.
Key Companies Profiled
Grain Processing Corporation; Manildra Group; Glacial Grain Spirits; Cristalco; Merck Group; Cargill; Archer-Daniels-Midland Company; Willmar Group; MGP Ingredients, Inc.; Roquette Frères
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Global Grain Alcohol Market By Category
By Source:
- Corn
- Fermented plant materials
- Grains
- Grapes
- Sugarcane
- Suragbeets
- Tubers
By Application:
- Beverage
- Food
- Pharmaceutical
- Health Care and Personal Care
By Functionality:
- Preservative
- Solvent
- Disinfectant
- Antiseptic
By Type:
- Ethanol
- Polyols
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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