IMARC Group's report titled "Food Grade Alcohol Market Report by Product (Ethanol, Polyols), Source (Molasses and Sugarcane, Fruits, Grains, and Others), Function (Coatings, Preservative, Coloring and Flavoring Agent, and Others), Application (Healthcare and Pharmaceutical, Food, Beverages, Personal Care, and Others), and Region 2024-2032". The global food grade alcohol market size reached US$ 8.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

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Factors Affecting the Growth of the Food Grade Alcohol Industry:

Rising Consumption of Beverages:
The rising demand for premium alcoholic beverages like spirits, beer, and wine, among individuals across the globe is propelling the growth of the market. There is an increase in the need for high-quality food grade alcohol in these alcoholic beverages. The growing adoption of craft and artisanal drinks due to changing consumer tastes and preferences is offering a positive market outlook. The rising focus on experiential drinking, where consumers seek unique and innovative beverage options, is impelling the market growth.
Growing Demand for Enhanced Flavors:
The escalating demand for food grade alcohol on account of the increasing need for enhanced flavors in several food products among individuals is contributing to the growth of the market. The rising focus on natural and organic flavors is strengthening the market growth. Besides this, manufacturers require high-quality alcohol to produce extracts, essences, and flavorings. The growing consumption of processed food products among people with busy lifestyles and hectic working schedules, coupled with increasing preferences for authentic flavors, is positively influencing the market.  
Increasing Food Safety Concerns:
The rising awareness among individuals about food safety and hygiene is impelling the market growth. The increasing demand for food grade alcohol as a disinfectant and sanitizer in food processing facilities is bolstering the market growth. It offers enhanced effectiveness in eliminating pathogens and maintaining product integrity while aligning with stringent hygiene standards enforced by regulatory authorities. In addition, the rising focus on cleanliness and sanitation in the food industry to ensure the safety of products is supporting the market growth.
Leading Companies Operating in the Global Food Grade Alcohol Industry:
Archer-Daniels-Midland Company
Cargill Incorporated
Cristalco
Ethimex Ltd.
Extractohol
Glacial Grain Spirits
Grain Processing Corporation (Kent Corporation)
Manildra Group
MGP Ingredients Inc.
Molindo Group
Pure Alcohol Solutions
Roquette Frères
Wilmar Sugar Pty Ltd. (Wilmar International Limited)
Food Grade Alcohol Market Report Segmentation:
By Product:
Ethanol
Polyols
Ethanol represents the largest segment as it is a primary ingredient in the production of alcoholic beverages.    
By Source:
Molasses and Sugarcane
Fruits
Grains
Others
Molasses and sugarcane hold the biggest market share on account of their distinct taste and aroma.
By Function:
Coatings
Preservative
Coloring and Flavoring Agent
Others
Coloring and flavoring agent accounts for the largest market share due to the rising focus on enhancing color in various food products.
By Application:
Healthcare and Pharmaceutical
Food
Beverages
Personal Care
Others
On the basis of the application, the market has been divided into healthcare and pharmaceutical, food, beverages, personal care, and others. 
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific enjoys a leading position in the food grade alcohol market, which can be attributed to the thriving food and beverage (F&B) sector. 
Global Food Grade Alcohol Market Trends:
The increasing utilization of food grade alcohol in pharmaceutical and personal care sectors is impelling the market growth. Food grade alcohol primarily serves as a solvent for manufacturing medications. Besides this, manufacturers rely on food grade alcohol for its purity and compatibility with various formulations, which is bolstering the market growth. Furthermore, rising preferences for natural and organic ingredients are supporting the market growth.
Apart from this, advancements in distillation and purification technologies improve the efficiency and quality of food grade alcohol production. Enhanced production processes enable manufacturers to meet the growing demand while maintaining cost-effectiveness and sustainability.
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IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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