Table of Contents
Growth to be Driven by Demand with Significant Growth in the Other Ingredients Segment
The global alcohol ingredients market is expected to experience steady growth over the forecast period. Growth is expected to be driven by a combination of new trends in emerging economies and changing demand patterns in developed markets. Innovation remains a major competitive factor in this market, while alcohol manufacturers also try to minimize costs in the face of dwindling alcohol consumption levels. Overall, pocket of growths will need to be identified through continuous market monitoring in order to capture the growth potential across the various regions. Cultural preferences could have an impact on demand levels and growth will be highly dependent on factors such as economic stability and consumers' response to change.
-The total global alcohol ingredients market was estimated at $ million in 2012, and is expected to reach $ billion in 2019 based on a% compound annual growth rate (CAGR).
-Europe has the biggest market share in terms of global consumption compared to North America, Asia-Pacific (APAC), and the Rest of the World (ROW).
-Europe made up % of the total market revenue, followed by North America.
-A major challenge faced by the alcohol ingredients industry is price volatility and raw material availability, given the increasing demand for natural ingredients.
-The decreasing consumption of alcohol in developed markets is also a major cause of concern for alcohol ingredient manufacturers.
-The flavors segment dominated the global alcohol ingredients market, contributing % of the total market revenue, followed by ‘other ingredients’ which consists of yeast and enzymes and made up %. The colors segment constituted % of the total market revenue in 2012.
-APAC is expected to grow at the fastest pace, mainly driven by the growth in the ‘other ingredients’ segment, as the region continues to be more open to the use of enzymes.
-Beer is the world’s most-consumed alcoholic beverage contributing % of revenue in 2012, followed by spirits and wine.
-This research service will focus on the global market for alcoholic beverage ingredients.
-The market is segmented by ingredient type: flavors, colors, and other ingredients, which include yeast and enzymes.
-These ingredients are used across beer, wine, and spirits.
-The geographical scope of the study is global and classified into 4 regions: North America, Europe, APAC, and ROW.
oNorth America: Canada and the United States
oEurope: Western Europe and Eastern Europe
oAPAC: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam
oROW: Latin America, Africa, and the Middle East
-Market sizing is estimated based on the market revenues of alcoholic beverage ingredients.
-The global alcohol ingredients market size is based on the usage of ingredients in the production of beer, spirits, and wine.
-Beer refers to alcoholic drinks that have gone through a brewing process mainly using fermented malted cereals, water, and hops.
-Wine includes alcoholic drinks made mainly from fermented fruits.
-Spirits are distilled alcoholic drinks, fermented from either fruits, cereals, or vegetables, such as brandy, rum, or whiskey. Spirits used in cocktails and mixes have also been included.
-Qualitative discussions on market trends are available in the respective segments.
-Trends specific to ingredient usage in each region and vertical market (beer, spirits, and wine) are also discussed.
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