Food Grade Alcohol Market 2023-2028 | Size, Share, Industry Trends and Report Forecast
How Big Is the Food Grade Alcohol Market? The global food grade alcohol market size reached US$ 8.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028. Industry Overview of Food Grade Alcohol Market Food grade alcohol refers to alcohol that is safe for human consumption and meets the specific quality standards and regulations set by regulatory authorities for use in the food and beverage industry. It is primarily used as an ingredient in the production of various food and beverage products. Food grade alcohol can be derived from various sources, including grains, fruits, or sugar cane, and it undergoes a distillation process to achieve high purity levels. Food grade alcohol is commonly used in the production of alcoholic beverages, such as beer, wine, and spirits. It serves as the main alcoholic component and contributes to the flavor, aroma, and overall quality of the beverage. Addi