Food Grade Alcohol Market To Expand Industry Growth At USD 3.2 Billion By 2030
San Francisco, 11 Oct 2022: The Report Food Grade Alcohol Market Size, Share & Trends Analysis Report By Product (Ethanol, Polyols), By Application (Healthcare), By Source, By Function, By Region, And Segment Forecasts, 2022 - 2030 The global food grade alcohol market size is expected to reach USD 3.2 billion by 2030, as per the new report by Grand View Research, Inc. registering a CAGR of 4.3% over the forecast period. The demand is attributed to the increase in consumption of food & beverages by the consumers and the increase in application in personal care, food & beverage, and pharmaceutical industries. Alcohol is an important ingredient for manufacturing extracts, flavors, yeast, and vinegar. The demand for ethanol has increased in the food industry to expand the shelf life of the product, driven by the changing habits and adoption of ready-to-eat food. The product plays an important role in the healthcare industry owing to its use in the preparation of medicines