Global Grain Neutral Spirits Market Outlook
The global alcohol consumption has been increasing continuously, especially in developed regions of North America and Europe. Though the consumption share of beer is higher, the wine and spirit segment has been witnessing faster growth in terms of consumption. The revenue sales of spirits in the global stage increased by 43% over a five-year timeline, i.e. between 2007 and 2011. Owing to changing trend of consumption of spirits, a rise in demand for high purity alcohols, especially from the manufacturers' side, has been witnessed. Grain Neutral spirits have alcoholic strength of more than 95.0% v/v min. Grain neutral spirits consist of various kinds of grain alcohol, which is produced through repeated fermentation and distillation of wheat, rye and other such grains.
Global Grain Neutral Spirits Market: Reasons for Covering this Title
According to the recent stats, the global consumption of spirits and wines has been on the rise. Brandy consumption, excluding Cognac and Armagnac, shot up by 23.4% between 2007 and 2014. Similarly, rum has always been one of the favorite beverages, accounting for a higher share of consumption among the spirits segments. The global wine and spirits market is being driven by a rise in consumption rate of gin (+ 3.7%), tequila (+5.2%) and whiskey (1.7%). On the other hand, Grain Neutral spirits are used on a large scale as raw material alcohol in the production of spirits, such as vodka, gin, etc. Grain neutral spirits help to maintain the flavor of alcohol, having at least 95.0% v/v min alcoholic strength. Hence, the rise in consumption of wines and spirits will help drive the demand for grain neutral spirits.
Global Grain Neutral Spirits: Market Segmentation
On the basis of sources, the global Grain Neutral Spirits market has been segmented as – Wheat Barley Corn Rye Others
On the basis of application, the global Grain Neutral Spirits market has been segmented as – Beverages Vodka Gin Blended Whiskey Cordials Liqueurs Soft drinks/Sodas Preservative Vinegar Cosmetic Products Solvent for flavoring
On the basis of the distribution channel, the global Grain Neutral Spirits market has been segmented as – Direct Indirect Supermarket/Hypermarket Specialty Store Liquor Stores E-Retailers
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Global Grain Neutral Spirits Market: Key Takeaways
Over the forecast period, Asia Pacific is anticipated to account for higher consumption of spirits, surpassing all other markets, which will create opportunities in Grain Neutral spirits market in terms of value and volume sales in the region.
Global Grain Neutral Spirits Market: Key Players
Some of the key players operating in the global Grain Neutral Spirits market are Cargill Inc., Sasma BV, Ethimex Ltd., Tarr, LLC , Grain Processing Corporation, Revolvy, Ultra Pure, LLC (Signature Spirits), Grainotch Industries ltd., Terressentia Corporation, Ethanol Trading Corporation, MGP Ingredients, Inc. Thai Beverage Plc , among others
Key Trends: Global Grain Neutral Spirits Market
Major shareholding companies have been strategizing on innovation by coming up with different unique types of grain neutral spirits to cater to the varying preference of target customers. Owing to rising demand for grain neutral spirits, companies are also strategizing on acquiring other companies to increase their production capacities.
Global Grain Neutral Spirits Market: Key Developments In the year 2013, MGP Ingredients, Inc., owing to rising demand and growing consumer preference for grain-based alcohol, added grain neutral spirits (GNS) distilled from wheat, to its product portfolio In the year 2010, Thai Beverages Plc, acquired Yunnan Yulinquan Liquor Co. Ltd. (YLQ), a local white spirits distillery located in Eshan district in Yuxi town. Through this acquisition, Thai Beverages Plc acquired the company, which has a production capacity of 5,000 tons annually
Global Consumption Trend of Spirits
Opportunities for Grain Neutral Spirits Market Participants
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In the global Grain Neutral Spirits market, North America and the Asia Pacific witness highest rate of consumption of grain-based spirits and other non-alcoholic beverages. In countries, such as India, a rise in consumption of grain-based beers as well as whiskeys is being witnessed. This on-going trend will provide excellent opportunities for Grain Neutral Spirit manufacturers. Moreover, consumers crave naturally derived cosmetic products, especially in Europe and south-east part of Asia. And as a matter of fact, Grain Neutral Spirits are being considered as one of the main ingredients for these types of product, which will indirectly create opportunities for Grain Neutral Spirits in the cosmetic industry.
Brief Approach to Research
A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include: An overview of the Grain Neutral Spirits market, including background and evolution Macroeconomic factors affecting the Grain Neutral Spirits market and its potential Grain Neutral Spirits Market dynamics, such as drivers, challenges, and trends Detailed value chain analysis of the Grain Neutral Spirits market The cost structure of the products and segments covered in the study In-depth pricing analysis, by key product segments, regions and by major Grain Neutral Spirits market participants Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario Analysis of the market structure, including a tier-wise categorization of key market participants Competitive landscape of the Grain Neutral Spirits market, including detailed profiles of the top players in this market
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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