Food grade alcohol market incredible possibilities growth with industry study detailed analysis and forecast to 2032
According to Future Market Insights (FMI), the global Food Grade Alcohol market size is estimated to be valued at USD 4.0 billion in 2022 and is projected to reach USD 6.0 billion by 2032, recording a CAGR of 4.0% during the forecast period. The global food grade alcohol market is expected to register substantial growth during the forecast period 2022-2032, driven primarily by its application as preservatives in foodstuffs. The surging popularity of instant foods is providing immense scope for ethanol application across the food & beverages domain. Amid the COVID-19 crisis, the global food grade alcohol market is poised to experience minor deceleration in the short-run, attributed to gaps in the demand-supply equation due to government mandated lockdowns. Food grade alcohol has been acquiring surging popularity across numerous application areas, ranging from food preservation t pharmaceutical formulations, cosmetics & fragrances manufacturing and spirits. Alcoholic beverag