Asia Pacific Alcohol Ingredients Market was worth USD 0.34 billion in 2021 and expected to be growing at a CAGR of 11.2%, to reach USD 0.58 billion by 2026.
Alcohol ingredients such as yeast, flavours & salts, enzymes, colours and other ingredients are extracted from natural sources such as plants, vegetables, and fruits. Alcohol ingredients are used in a variety of food & beverage applications, especially in the production of alcoholic beverages.
For consideration, Beer is produced by fermentation of malted barley or other cereals with the addition of hops. Wine is made from fermented grape juice or crushed grapes; fortified wines include additional distilled spirits. Alcoholic beverages are produced by the fermentation of fruit, vegetables or cereals.
The major driving force of the market is the rise in alcohol consumption in emerging countries due to huge population base, more acceptance of socializing places like bars and pubs and growing consumption of alcohol becoming a new trend among the younger generation. The alcohol ingredients demand basically depends on the performance quality and legislations imposed by the both local as well as international government on the production of alcohol beverage ingredients and alcohol beverages.
Distribution channel advancement such as online sales, outlets in public places like airport, separate counter for females are a few important driving factors for the market. A few restraints in the Asia-Pacific alcohol market are stringent government regulations on manufacturing and selling liquor, high taxes, and ban on advertisements among others. High costs of raw materials is also among a major restraint of the alcohol Ingredients market in Asia-Pacific.
The Asia-Pacific alcohol ingredients market is segmented by ingredient type, beverage type and geography. By the ingredients type, the market is classified into yeasts, enzymes, colorants, salts & flavours and others. Yeast can be additionally categorized into bottom-fermenting and top-fermenting. By beverage type, the market is separated into beer, spirits, wine, whiskey, brandy, others. Further categorisation of spirits includes vodka, rum, scotch, gin, tequila and others.
Geographically the Asia Pacific Alcohol Ingredients Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia. Asia Pacific is one of the most lucrative markets for the growth of alcohol ingredients market and is projected to grow with the highest CAGR of 11.2% the forecast period. Factors such as growing demographics, rising consumer expenditure and emerging economies in countries such as India and China are predicted to lead the growth of the market in this region.
Major Key Players in the APAC Alcohol Ingredients Market are
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Ingredient Type
5.1.1 Introduction
5.1.2 Enzymes
5.1.3 Yeast
5.1.4 Colorants
5.1.5 Salts & Flavors
5.1.6 Others
5.1.7 Market Attractiveness Analysis, By Ingredient Type
5.1.8 Market Share Analysis, By Ingredient Type
5.2 Beverage Type
5.2.1 Introduction
5.2.2 Beer
5.2.3 Wine
5.2.4 Spirits
5.2.5 Whisky
5.2.6 Brandy
5.2.7 Others
5.2.8 Market Attractiveness Analysis, By Beverage Type
5.2.9 Market Share Analysis, By Beverage Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Ingredient Type
6.1.3.3 By Beverage Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Ingredient Type
6.1.4.3 By Beverage Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Ingredient Type
6.1.5.3 By Beverage Type
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Chr. Hansen Holdings A/S
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Sensient Technologies Corporation
8.3 Cargill Incorporated
8.4 Daniels Midland Company
8.5 Ashland Inc
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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