Edible alcohol, also known as edible brewed alcohol, is a water-based alcohol used in the food industry. It is mainly made from grains, potatoes, molasses, or other edible crops, and is refined through fermentation and distillation.
According to the new market research report “Edible Alcohol- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the China Edible Alcohol market size is projected to reach USD 2.2 billion by 2030, at a CAGR of 3.3% during the forecast period.
- China Edible Alcohol Market Size (US$ Million), 2019-2030
Source: QYResearch, "Edible Alcohol- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- China Edible Alcohol Top 11Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Edible Alcohol- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the china key manufacturers of Edible Alcohol include SDIC JILIN, Cargill, Hongzhan Group, ADM, Jilin Province New Tianlong Industry, COFCO, Jiangsu Huating Biotechnology, TIANGUAN GROUP, Zhongrong Technology Corporation, Taiwan Sugar Corporation TSC, etc. In 2023, the China top five players had a share approximately 66.0% in terms of revenue.
- Edible Alcohol, China Market Size, Split by Product Segment
Source: QYResearch, "Edible Alcohol- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, Cereals is the largest segment, hold a share of 68.2%.
- Edible Alcohol, China Market Size, Split by Application Segment
Source: QYResearch, "Edible Alcohol- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, Alcoholic Beverages is the largest application, hold a share of 33.5%,
Market Drivers:
The traditional production of bioethanol mainly involves fermenting starchy grains such as corn and wheat to obtain sugar, which is then used to produce ethanol. The advantage of this technology is that it is easy to implement with low difficulty, but the disadvantage is that it consumes food and leads to conflicts with people over food and land. Leading enterprises such as Guotou Biotechnology use straw to produce sugar, which is then used to produce ethanol. Although the current production capacity of this demonstration project is only 30000 tons, consuming about 150000 tons of straw, its breakthrough significance is very significant.
With the increasing consumption of low alcohol beverages among young people, functional foods and beverages, as well as dietary supplements, are becoming more widely used in the nutritional and pharmaceutical industries, which will stimulate the demand for edible alcohol.
The strengthening of environmental regulations has prompted the industry to adopt more environmentally friendly production methods, which can be achieved by upgrading existing processes or developing new chemical materials to suppress the impact of raw material price fluctuations and improve efficiency while reducing emissions and pollution.
Restraint:
The cost of producing ethanol and beverages, including raw materials, energy, and labor, will be limited. Maintaining the efficiency of the production process is crucial for controlling costs. Fluctuations in the prices of raw materials, such as grains used to produce ethanol, can also affect profitability.
About The Authors
Yunmei Sun---Lead Author
Email: sunyunmei@qyresearch.com
Sun Yunmei has 2 years of industry research experience, focusing on research in the chemical industry chain related fields, including medical grade reagents, high-purity reagents for semiconductors, and chemical laboratory equipment.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading China market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are Chinaly recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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