Market Size – USD 1.83 Billion in 2020, Market Growth – at a CAGR of 8.7%, Market Trends –Increasing change in consumer preferences for alcohol
The global alcohol ingredients market is expected to reach a market size of USD 3.54 Billion by 2028 and register a high CAGR during the forecast period, according to a latest report by Reports and Data. Revenue growth of the global alcohol ingredients market is expected to be driven by increasing consumption of alcoholic beverages globally. This increase is facilitated by increase in the number of clubs, bars, and breweries around the globe. The number of bars and pubs is increasing significantly which is leading to increase in alcohol consumption. In addition, increase in experiential alcohol consumption is expected to further propel the market growth over the forecast period.
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The key players dominating the industry are thoroughly assessed in the report along with their market and geographical reach and their production and manufacturing capacities. The report also offers key insights into the intense competitive scenario and offers strategic recommendations to established companies and new entrants to help them overcome barriers. It also focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions among others.
Key participants in the market include The Archer-Daniels-Midland Company, Döhler GmbH, Chr Hansen Holding A/S, Cargill, Incorporated, Treatt plc, Kerry Inc., Sensient Technologies Corporation, Ashland Global Specialty Chemicals, Inc., Angel Yeast Co., Ltd., DDW, Inc.
Further key findings in the report suggest
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For the purpose of this report, Reports and Data has segmented the global alcohol ingredients market on the basis of product, application, and region:
Product Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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Key Points Addressed in the Report:
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