Alcohol Ingredients Market is Projected to Reach A Value of USD 1.8 Billion by 2020

The alcohol ingredients market has grown exponentially in the last few years and this trend is projected to continue following the same trend until 2020. The primary factor driving the global success of alcohol ingredients is the increased consumption of alcoholic beverages across the globe. There is an increase in global consumption of alcohol, especially in the Asia-Pacific region. This increasing trend reflects the economic development, increase in the purchasing power of the consumers and increase in the marketing and branding of alcoholic beverages.

The alcohol ingredients market studied in this report is segmented on the basis of ingredient type into yeast; enzymes; colors, flavors & salts; and others. On the basis of beverage type, it is segmented into beer, spirits, wine, whisky, and brandy. The market is also segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW); and has been further segmented on the basis of their key countries. 

The alcohol ingredients market is projected to reach a value of USD 1.8 billion by 2020. It is projected to grow as a result of innovative products being launched in different beverage applications and due to companies expanding their presence in several regions. The European region dominated the alcohol ingredients market in 2014.  

 Leading players such as Sensient Technologies Corporation (U.S.), Ashland Inc. (U.S.), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), and Chr. Hansen Holdings A/S (Denmark) have been profiled in the report.