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Key Emerging Trends in the Non Fuel Grade Alcohol Market
Food additives often contain ethanol, a type of non-fuel grade alcohol, which serves various purposes such as enhancing color constancy and acting as a component in food colorings. Additionally, ethanol is employed to improve the flavor in different food extracts, like vanilla extract. In the production of certain wines like port and sherry, and other southern wines, ethanol is added as part of a fortification process to achieve the desired conclusion of fermentation at the right time. However, some liqueurs and wines may have higher sugar content due to premature fermentation stoppage, resulting in a sweeter taste. Ethanol's preservative properties make it widely utilized in food preservation and hygiene control within the food manufacturing industry. The alcohol industry has witnessed significant growth due to increased alcohol consumption, higher disposable incomes, the rise of party culture in metropolitan areas worldwide, and the expansion of clubs, lounges, and bars. This growth in the alcohol industry has created a favorable market for non-fuel grade alcohol. The global non-fuel grade alcohol market has benefited from the increasing consumer preference for branded liquors over local varieties. Non-fuel grade alcohol, also known as grain alcohol, is derived from various plants such as wheat, barley, sugarcane, and corn. It serves as a base in the production of artisanal drinks and beer. Beer consumption has seen a surge in recent years due to its affordability and widespread availability. Additionally, beer has a lower alcohol by volume (ABV) compared to other alcoholic beverages, making it a preferred choice for those who are mindful of their alcohol intake. This preference for beer contributes to the expanding market for grain alcohol. In conclusion, the global market for non-fuel grade alcohol is likely to be driven by the increasing use of this alcohol type in food preservatives and beverage production during the forecast period. Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Owing to the growing economy, changing lifestyles in various developing economies has to lead to an increase in the demand of market product. |
Non Fuel Grade Alcohol Market Highlights:
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