Food-grade Alcohol Market Size, Trends, Growth, Report and Forecast 2027
The global food-grade alcohol market is projected to grow at a formidable rate during the forecast period, 2023-2027. The major factor contributing to the growth of the market is rising demand for alcohol in pharmaceuticals for making decongestants, vaccines, cough syrups, and antibiotics. Since food-grade alcohol has low-concentration and grade of alcohol, it is safe for human consumption. Hence, the growing trend of consuming alcohol beverages in social gatherings, owing to growth in urbanization and rise in consumer spending is expected to boost the market growth in the coming years. The use of food-grade alcohol in food & beverage industry as an ingredient in products such as flavourings, extracts, dyes, etc. Hence, the increasing consumption of processed and comfort food, dietary supplements, functional beverages, and nutraceuticals among consumers is anticipated to boost the growth of global food-grade alcohol market in the coming years. Besides, rising use of polyols in nume