Alcohol additives are ingredients, primarily used to preserve flavor, taste, and other qualities of alcoholic beverages. Also, these additives help in reducing the spoilage of products from micro-organisms, in turn, increasing the product shelf-life. Alcohol additives such as flavors, acid regulators, and enzymes serve an essential role in the manufacturing of alcoholic beverages. Commonly used alcohol additives in the fermented and distilled beverages are colorants, flavors, emulsifying & stabilizing agents, and antifoaming agents.
Increasing demand for alcohol additives in fermented and distilled alcoholic beverages for better stability and high shelf-life has surged the growth of the alcohol additives market in this region. These additives are used to preserve the flavor, taste, and other olfactory characteristics of food. The Asia Pacific alcohol additives market is expected to keep growing over the forecast period due to rising alcoholic beverage consumption and increasing awareness regarding alcohol additives in this region. Major players are focusing on R&D for increasing their product range.
The Asia Pacific region is dominating the alcohol additives market and is expected to have a substantial growth over the forecast period 2017-2023. The market is projected to grow at a steady pace over the review period. Asia-pacific will be the fastest growing region in the alcohol additives market. The high growth rate in the emerging economies such as China, India, Japan, Australia, and the Latin American countries offers ample opportunities for expansion to the major key players.
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Furthermore, the rise in the number of health-conscious consumers, increase in the cost of raw materials, and stringent government guidelines & regulations may hamper the market growth in the upcoming years. Nevertheless, all these factors are expected to lead the growth of the Asia Pacific alcohol additives market at a CAGR of 9.4% during the review period, 2017-2023.
Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major alcohol additives players. It further includes product portfolios, developments of leading players, which includes
- Döhler GmbH (Germany)
- Chr. Hansen Holding A/S (Denmark)
- Cargill Inc. (U.S.)
- Archer-Daniels-Midland Company (U.S.)
- Kerry Group plc (Ireland)
- Sensient Technologies Corporation (U.S.)
- D.D. Williamson & Co., Inc. (U.S.)
- Koninklijke DSM N.V. (the Netherlands)
- Ashland Global Holdings Inc. (U.S.) and
- Angel Yeast Co., Ltd. (China)
The European region is dominating the global alcohol additives market
Alcohol additives have a massive opportunity in the alcoholic beverage industry
Asia-Pacific is the fastest growing region in the alcoholic additives market. India and China have a huge potential for alcoholic additives over the review period of 2017-2023
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The global alcohol additives market is segmented into type and application.
On the basis of the type, it is segmented into colorants, flavors, emulsifying and stabilizing agents, antifoaming agents, and others. Among all, the flavors segment is dominating the market. Flavors are added to enhance the taste of fermented beverages which is lost during processing.
On the basis of the application, it is segmented into fermented alcoholic beverages, distilled alcoholic beverages, and others. The fermented alcoholic beverages segment is dominating the market. Increasing consumption of fermented alcoholic beverages such as wines and beers is the key factors responsible for the uplifted demand for alcohol additives.
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