Grain Alcohol Market
Grain Alcohol Market Forecasts to 2028 – Global Analysis By Source (Fruits, Grains, Sugarcane, Other Sources), Type (Ethanol, Polyols), Functionality (Coatings, Coloring/Flavoring Agent, Preservative), and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $11.96 BN |
|
Projected Year Value (2028) |
US $16.27 BN |
|
CAGR (2021 - 2028) |
4.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Fastest Growing Market |
Europe |
According to Stratistics MRC, the Global Grain Alcohol Market is accounted for $11.96 billion in 2021 and is expected to reach $16.27 billion by 2028 growing at a CAGR of 4.5% during the forecast period. Grain alcohol is the purified form of ethyl alcohol, which is also known as ethanol, neutral grain spirit, or rectified spirit. Grain alcohol, a neutral spirit, can be built from corn, rye, wheat, grapes, grains, sugarcane, tubers, and beets and is used to make other alcoholic drinks such as wine, vodka, homemade liqueurs and others. The main grain alcohol sources include sugarcane, grains, fruits and other sources. Sugarcane grain alcohol is prepared by fermenting either sugar cane juice or molasses diluted with water including yeast-removing sugar. The different types of grain alcohol are ethanol and polyols which are used in applications such as beverages, food, pharmaceutical and health care and other applications.
Market Dynamics:
Driver:
Increasing demand and consumption of beer globally
Beer consumption has increased exponentially of late. Thus, major market players and local manufacturers are sourcing grain alcohol from barley. Changing lifestyle, rapid urbanization, increase in consumption rate of alcoholic drinks, high disposable income, and rise in popularity of beer among the millennial population are some of the factors driving the global grain alcohol market. Furthermore, introduction of innovative flavors and new ingredients, such as fruity tart and salty flavors, in craft beers is propelling the grain alcohol market. Moreover, rise in popularity of craft beer and locally manufactured beer among youngsters is expected to propel the demand for alcoholic beverages.
Restraint:
Uncertainty in raw material prices
Disruptions in the supply of raw materials and quality of the produce define the price of food grade alcohols. Over the last few years, the prices of ingredients have been fluctuating and this trend is expected to continue over the next few years. The prices of crops such as corn, wheat, and barley for producing ethanol have been fluctuating, resulting in uncertainties in the volume produced. Therefore, increase in the price of raw materials has led to one of major challenges for the food grade alcohols market.
Opportunity:
Rising research and development activities
Rising research and development is a key trend gaining popularity in the grain alcohol market. Companies in the grain alcohol market are focusing on developing new flavors and varieties based on ethnic tastes. For instance, Diageo, a UK based beverages company, announced the launch of a new research and development center in Shanghai to further its product innovation and development aim in China. The first of its kind in the beverage alcohol sector in Shanghai will help the China market and will strengthen Diageo’s ability to quickly create and develop premium products that cater to Chinese consumer tastes. The research center is created with an aim to manufacture a strong portfolio of products developed in China based on local consumer insights and trends.
Threat:
Harmful effects of alcohol consumption
The Ministry of Health across various countries, namely, Australia, Brazil, the US, and India, has taken up initiatives on the harmful effects of alcohol consumption. The alcohol market is highly price sensitive; therefore, even a slight increase in its price by the government or any other regulatory bodies can have a significant impact on the consumption levels. This in turn may affect the grain alcohol market for beverage applications adversely, leading to a fall in demand.
The ethanol segment is expected to be the largest during the forecast period
The ethanol segment is estimated to have a lucrative growth. Ethanol is widely utilizeed in the food industry as a flavoring and coloring agent and in candy glazing. Owing to properties such as solubility, high octane number, and antimicrobial activity, ethanol plays an important role in the food industry. It is used to manufacture flavors & extracts, food dyes, and candy glaze, among others. It finds applications in the bakery & confectionery industry apart from beverages.
The pharmaceutical segment is expected to have the highest CAGR during the forecast period
The pharmaceutical segment is anticipated to witness the fastest CAGR growth during the forecast period. Alcohol is used in the pharmaceutical industry in a variety of manufacturing processes. It is also widely used as a solvent and preservative in pharmaceutical preparations. It has bactericidal activity and is often used as a topical disinfectant, especially in alcohol gels. Moreover, the rise in usage of grain alcohol in the pharmaceutical industry is likely to boost the market during the forecast period.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rapid economic development in the region. This, in turn, is booting the demand for better quality beverage applications, especially in India, China, Malaysia, Indonesia, Singapore, and South Korea. The alcoholic beverages market in this region is currently undergoing significant transformation in response to rapid urbanization. This is expected to boost the consumption of grain alcohol.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period owing to the presence of a large food & beverage industry in the region. The market in this region is anticipated to be driven by development in the Eastern & Southeastern European countries. Moreover, Europe is one of the largest markets for sugar polyols. As consumers’ demand for low-calorie food is high, the food industry prefers the use of sugar polyols, which are similar to sugar but with low-calorie value. These sugar polyols act as bulking agents, which provide the mass required and sweeten the product without adding any additional calories.
Key players in the market
Some of the key players profiled in the Grain Alcohol Market include ADM, Altria Group, Cargill, ChemCeed, Cristalco, Diageo Plc, Glacial Grain Spirits, Grain Processing Corporation, Manildra Group, Merck Group, MGP Ingredients, Pernod Ricard, Roquette Frères, Wilmar Group, and Wuliangye Yibin Co.
Key Developments:
In April 2021, MGP Ingredients, Inc a US based distributor of premium distilled spirits and specialty wheat proteins and starches, acquired Luxco, Inc. for an undisclosed amount. The acquisition is in line with MGP’s long-term strategy focused on shifting to higher value-added products and diversification of business portfolio.
In February 2021, Grain Processing Corporation opened a large, high-quality, efficient distillery in Muscatine, Iowa for the production of alcohol. This expansion took thousands of engineering hours and leveraged the expertise of GPC’s workforce to increase the amount of value-added ingredients made from the kernel of corn.
Sources Covered:
• Fruits
• Grains
• Sugarcane
• Other Sources
Types Covered:
• Ethanol
• Polyols
Functionalities Covered:
• Coatings
• Coloring/Flavoring Agent
• Preservative
• Other Functionalities
Applications Covered:
• Food
• Beverages
• Pharmaceutical & Healthcare
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Grain Alcohol Market, By Source
5.1 Introduction
5.2 Fruits
5.3 Grains
5.4 Sugarcane
5.5 Other Sources
5.5.1 Corn
5.5.2 Rice
6 Global Grain Alcohol Market, By Type
6.1 Introduction
6.2 Ethanol
6.3 Polyols
7 Global Grain Alcohol Market, By Functionality
7.1 Introduction
7.2 Coatings
7.3 Coloring/Flavoring Agent
7.4 Preservative
7.5 Other Functionalities
7.5.1 Antifreeze
7.5.2 Flammability
7.5.3 Solubility
7.5.4 Volatility
8 Global Grain Alcohol Market, By Application
8.1 Introduction
8.2 Food
8.3 Beverages
8.4 Pharmaceutical & Healthcare
9 Global Grain Alcohol Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 ADM
11.2 Altria Group
11.3 Cargill
11.4 ChemCeed
11.5 Cristalco
11.6 Diageo Plc
11.7 Glacial Grain Spirits
11.8 Grain Processing Corporation
11.9 Manildra Group
11.10 Merck Group
11.11 MGP Ingredients
11.12 Pernod Ricard
11.13 Roquette Frères
11.14 Wilmar Group
11.15 Wuliangye Yibin Co
List of Tables
1 Global Grain Alcohol Market Outlook, By Region (2020-2028) ($MN)
2 Global Grain Alcohol Market Outlook, By Source (2020-2028) ($MN)
3 Global Grain Alcohol Market Outlook, By Fruits (2020-2028) ($MN)
4 Global Grain Alcohol Market Outlook, By Grains (2020-2028) ($MN)
5 Global Grain Alcohol Market Outlook, By Sugarcane (2020-2028) ($MN)
6 Global Grain Alcohol Market Outlook, By Other Sources (2020-2028) ($MN)
7 Global Grain Alcohol Market Outlook, By Corn (2020-2028) ($MN)
8 Global Grain Alcohol Market Outlook, By Rice (2020-2028) ($MN)
9 Global Grain Alcohol Market Outlook, By Type (2020-2028) ($MN)
10 Global Grain Alcohol Market Outlook, By Ethanol (2020-2028) ($MN)
11 Global Grain Alcohol Market Outlook, By Polyols (2020-2028) ($MN)
12 Global Grain Alcohol Market Outlook, By Functionality (2020-2028) ($MN)
13 Global Grain Alcohol Market Outlook, By Coatings (2020-2028) ($MN)
14 Global Grain Alcohol Market Outlook, By Coloring/Flavoring Agent (2020-2028) ($MN)
15 Global Grain Alcohol Market Outlook, By Preservative (2020-2028) ($MN)
16 Global Grain Alcohol Market Outlook, By Other Functionalities (2020-2028) ($MN)
17 Global Grain Alcohol Market Outlook, By Antifreeze (2020-2028) ($MN)
18 Global Grain Alcohol Market Outlook, By Flammability (2020-2028) ($MN)
19 Global Grain Alcohol Market Outlook, By Solubility (2020-2028) ($MN)
20 Global Grain Alcohol Market Outlook, By Volatility (2020-2028) ($MN)
21 Global Grain Alcohol Market Outlook, By Application (2020-2028) ($MN)
22 Global Grain Alcohol Market Outlook, By Food (2020-2028) ($MN)
23 Global Grain Alcohol Market Outlook, By Beverages (2020-2028) ($MN)
24 Global Grain Alcohol Market Outlook, By Pharmaceutical & Healthcare (2020-2028) ($MN)
25 North America Grain Alcohol Market Outlook, By Country (2020-2028) ($MN)
26 North America Grain Alcohol Market Outlook, By Source (2020-2028) ($MN)
27 North America Grain Alcohol Market Outlook, By Fruits (2020-2028) ($MN)
28 North America Grain Alcohol Market Outlook, By Grains (2020-2028) ($MN)
29 North America Grain Alcohol Market Outlook, By Sugarcane (2020-2028) ($MN)
30 North America Grain Alcohol Market Outlook, By Other Sources (2020-2028) ($MN)
31 North America Grain Alcohol Market Outlook, By Corn (2020-2028) ($MN)
32 North America Grain Alcohol Market Outlook, By Rice (2020-2028) ($MN)
33 North America Grain Alcohol Market Outlook, By Type (2020-2028) ($MN)
34 North America Grain Alcohol Market Outlook, By Ethanol (2020-2028) ($MN)
35 North America Grain Alcohol Market Outlook, By Polyols (2020-2028) ($MN)
36 North America Grain Alcohol Market Outlook, By Functionality (2020-2028) ($MN)
37 North America Grain Alcohol Market Outlook, By Coatings (2020-2028) ($MN)
38 North America Grain Alcohol Market Outlook, By Coloring/Flavoring Agent (2020-2028) ($MN)
39 North America Grain Alcohol Market Outlook, By Preservative (2020-2028) ($MN)
40 North America Grain Alcohol Market Outlook, By Other Functionalities (2020-2028) ($MN)
41 North America Grain Alcohol Market Outlook, By Antifreeze (2020-2028) ($MN)
42 North America Grain Alcohol Market Outlook, By Flammability (2020-2028) ($MN)
43 North America Grain Alcohol Market Outlook, By Solubility (2020-2028) ($MN)
44 North America Grain Alcohol Market Outlook, By Volatility (2020-2028) ($MN)
45 North America Grain Alcohol Market Outlook, By Application (2020-2028) ($MN)
46 North America Grain Alcohol Market Outlook, By Food (2020-2028) ($MN)
47 North America Grain Alcohol Market Outlook, By Beverages (2020-2028) ($MN)
48 North America Grain Alcohol Market Outlook, By Pharmaceutical & Healthcare (2020-2028) ($MN)
49 Europe Grain Alcohol Market Outlook, By Country (2020-2028) ($MN)
50 Europe Grain Alcohol Market Outlook, By Source (2020-2028) ($MN)
51 Europe Grain Alcohol Market Outlook, By Fruits (2020-2028) ($MN)
52 Europe Grain Alcohol Market Outlook, By Grains (2020-2028) ($MN)
53 Europe Grain Alcohol Market Outlook, By Sugarcane (2020-2028) ($MN)
54 Europe Grain Alcohol Market Outlook, By Other Sources (2020-2028) ($MN)
55 Europe Grain Alcohol Market Outlook, By Corn (2020-2028) ($MN)
56 Europe Grain Alcohol Market Outlook, By Rice (2020-2028) ($MN)
57 Europe Grain Alcohol Market Outlook, By Type (2020-2028) ($MN)
58 Europe Grain Alcohol Market Outlook, By Ethanol (2020-2028) ($MN)
59 Europe Grain Alcohol Market Outlook, By Polyols (2020-2028) ($MN)
60 Europe Grain Alcohol Market Outlook, By Functionality (2020-2028) ($MN)
61 Europe Grain Alcohol Market Outlook, By Coatings (2020-2028) ($MN)
62 Europe Grain Alcohol Market Outlook, By Coloring/Flavoring Agent (2020-2028) ($MN)
63 Europe Grain Alcohol Market Outlook, By Preservative (2020-2028) ($MN)
64 Europe Grain Alcohol Market Outlook, By Other Functionalities (2020-2028) ($MN)
65 Europe Grain Alcohol Market Outlook, By Antifreeze (2020-2028) ($MN)
66 Europe Grain Alcohol Market Outlook, By Flammability (2020-2028) ($MN)
67 Europe Grain Alcohol Market Outlook, By Solubility (2020-2028) ($MN)
68 Europe Grain Alcohol Market Outlook, By Volatility (2020-2028) ($MN)
69 Europe Grain Alcohol Market Outlook, By Application (2020-2028) ($MN)
70 Europe Grain Alcohol Market Outlook, By Food (2020-2028) ($MN)
71 Europe Grain Alcohol Market Outlook, By Beverages (2020-2028) ($MN)
72 Europe Grain Alcohol Market Outlook, By Pharmaceutical & Healthcare (2020-2028) ($MN)
73 Asia Pacific Grain Alcohol Market Outlook, By Country (2020-2028) ($MN)
74 Asia Pacific Grain Alcohol Market Outlook, By Source (2020-2028) ($MN)
75 Asia Pacific Grain Alcohol Market Outlook, By Fruits (2020-2028) ($MN)
76 Asia Pacific Grain Alcohol Market Outlook, By Grains (2020-2028) ($MN)
77 Asia Pacific Grain Alcohol Market Outlook, By Sugarcane (2020-2028) ($MN)
78 Asia Pacific Grain Alcohol Market Outlook, By Other Sources (2020-2028) ($MN)
79 Asia Pacific Grain Alcohol Market Outlook, By Corn (2020-2028) ($MN)
80 Asia Pacific Grain Alcohol Market Outlook, By Rice (2020-2028) ($MN)
81 Asia Pacific Grain Alcohol Market Outlook, By Type (2020-2028) ($MN)
82 Asia Pacific Grain Alcohol Market Outlook, By Ethanol (2020-2028) ($MN)
83 Asia Pacific Grain Alcohol Market Outlook, By Polyols (2020-2028) ($MN)
84 Asia Pacific Grain Alcohol Market Outlook, By Functionality (2020-2028) ($MN)
85 Asia Pacific Grain Alcohol Market Outlook, By Coatings (2020-2028) ($MN)
86 Asia Pacific Grain Alcohol Market Outlook, By Coloring/Flavoring Agent (2020-2028) ($MN)
87 Asia Pacific Grain Alcohol Market Outlook, By Preservative (2020-2028) ($MN)
88 Asia Pacific Grain Alcohol Market Outlook, By Other Functionalities (2020-2028) ($MN)
89 Asia Pacific Grain Alcohol Market Outlook, By Antifreeze (2020-2028) ($MN)
90 Asia Pacific Grain Alcohol Market Outlook, By Flammability (2020-2028) ($MN)
91 Asia Pacific Grain Alcohol Market Outlook, By Solubility (2020-2028) ($MN)
92 Asia Pacific Grain Alcohol Market Outlook, By Volatility (2020-2028) ($MN)
93 Asia Pacific Grain Alcohol Market Outlook, By Application (2020-2028) ($MN)
94 Asia Pacific Grain Alcohol Market Outlook, By Food (2020-2028) ($MN)
95 Asia Pacific Grain Alcohol Market Outlook, By Beverages (2020-2028) ($MN)
96 Asia Pacific Grain Alcohol Market Outlook, By Pharmaceutical & Healthcare (2020-2028) ($MN)
97 South America Grain Alcohol Market Outlook, By Country (2020-2028) ($MN)
98 South America Grain Alcohol Market Outlook, By Source (2020-2028) ($MN)
99 South America Grain Alcohol Market Outlook, By Fruits (2020-2028) ($MN)
100 South America Grain Alcohol Market Outlook, By Grains (2020-2028) ($MN)
101 South America Grain Alcohol Market Outlook, By Sugarcane (2020-2028) ($MN)
102 South America Grain Alcohol Market Outlook, By Other Sources (2020-2028) ($MN)
103 South America Grain Alcohol Market Outlook, By Corn (2020-2028) ($MN)
104 South America Grain Alcohol Market Outlook, By Rice (2020-2028) ($MN)
105 South America Grain Alcohol Market Outlook, By Type (2020-2028) ($MN)
106 South America Grain Alcohol Market Outlook, By Ethanol (2020-2028) ($MN)
107 South America Grain Alcohol Market Outlook, By Polyols (2020-2028) ($MN)
108 South America Grain Alcohol Market Outlook, By Functionality (2020-2028) ($MN)
109 South America Grain Alcohol Market Outlook, By Coatings (2020-2028) ($MN)
110 South America Grain Alcohol Market Outlook, By Coloring/Flavoring Agent (2020-2028) ($MN)
111 South America Grain Alcohol Market Outlook, By Preservative (2020-2028) ($MN)
112 South America Grain Alcohol Market Outlook, By Other Functionalities (2020-2028) ($MN)
113 South America Grain Alcohol Market Outlook, By Antifreeze (2020-2028) ($MN)
114 South America Grain Alcohol Market Outlook, By Flammability (2020-2028) ($MN)
115 South America Grain Alcohol Market Outlook, By Solubility (2020-2028) ($MN)
116 South America Grain Alcohol Market Outlook, By Volatility (2020-2028) ($MN)
117 South America Grain Alcohol Market Outlook, By Application (2020-2028) ($MN)
118 South America Grain Alcohol Market Outlook, By Food (2020-2028) ($MN)
119 South America Grain Alcohol Market Outlook, By Beverages (2020-2028) ($MN)
120 South America Grain Alcohol Market Outlook, By Pharmaceutical & Healthcare (2020-2028) ($MN)
121 Middle East & Africa Grain Alcohol Market Outlook, By Country (2020-2028) ($MN)
122 Middle East & Africa Grain Alcohol Market Outlook, By Source (2020-2028) ($MN)
123 Middle East & Africa Grain Alcohol Market Outlook, By Fruits (2020-2028) ($MN)
124 Middle East & Africa Grain Alcohol Market Outlook, By Grains (2020-2028) ($MN)
125 Middle East & Africa Grain Alcohol Market Outlook, By Sugarcane (2020-2028) ($MN)
126 Middle East & Africa Grain Alcohol Market Outlook, By Other Sources (2020-2028) ($MN)
127 Middle East & Africa Grain Alcohol Market Outlook, By Corn (2020-2028) ($MN)
128 Middle East & Africa Grain Alcohol Market Outlook, By Rice (2020-2028) ($MN)
129 Middle East & Africa Grain Alcohol Market Outlook, By Type (2020-2028) ($MN)
130 Middle East & Africa Grain Alcohol Market Outlook, By Ethanol (2020-2028) ($MN)
131 Middle East & Africa Grain Alcohol Market Outlook, By Polyols (2020-2028) ($MN)
132 Middle East & Africa Grain Alcohol Market Outlook, By Functionality (2020-2028) ($MN)
133 Middle East & Africa Grain Alcohol Market Outlook, By Coatings (2020-2028) ($MN)
134 Middle East & Africa Grain Alcohol Market Outlook, By Coloring/Flavoring Agent (2020-2028) ($MN)
135 Middle East & Africa Grain Alcohol Market Outlook, By Preservative (2020-2028) ($MN)
136 Middle East & Africa Grain Alcohol Market Outlook, By Other Functionalities (2020-2028) ($MN)
137 Middle East & Africa Grain Alcohol Market Outlook, By Antifreeze (2020-2028) ($MN)
138 Middle East & Africa Grain Alcohol Market Outlook, By Flammability (2020-2028) ($MN)
139 Middle East & Africa Grain Alcohol Market Outlook, By Solubility (2020-2028) ($MN)
140 Middle East & Africa Grain Alcohol Market Outlook, By Volatility (2020-2028) ($MN)
141 Middle East & Africa Grain Alcohol Market Outlook, By Application (2020-2028) ($MN)
142 Middle East & Africa Grain Alcohol Market Outlook, By Food (2020-2028) ($MN)
143 Middle East & Africa Grain Alcohol Market Outlook, By Beverages (2020-2028) ($MN)
144 Middle East & Africa Grain Alcohol Market Outlook, By Pharmaceutical & Healthcare (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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