The food grade alcohol market was valued at USD 9.9 billion in 2015 and is projected to grow at a CAGR of 3.9% to reach USD 12.8 billion by 2022. Food grade alcohol plays a major role in the manufacture of flavors, extracts, yeast, and other food products. Factors such as an increase in the disposable income, betterment in the quality of beverages, and advanced marketing activities have led to an increase in global beverage consumption. Owing to the increasing demand for beverages and trade in alcohol alongside expansions in emerging markets like India, China, and Brazil, the market offers potential growth opportunities in the near future.
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