Global Alcohol Based Concentrates Market Research Report 2022
Alcohol-based concentrates are a concentrated formula of a liqueur along with a blend of different ingredients. The concentrates are a blend of different concentrates mixed with a highly concentrated alcohol base. Alcohol-based concentrates are used in confectionery and ice-creams, owing to their enhanced flavor and alcohol strength. The alcohol component present in alcohol-based concentrates act as a carrier of concentrates blended in it. These concentrates are predominantly used in flavoring chocolates, cakes, etc. It is also used in form of gel to flavor sauces and salads.
Due to the COVID-19 pandemic, the global Alcohol Based Concentrates market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Alcohol Based Concentrates market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Alcohol Based Concentrates landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
According to the recent past activities in various regions in the world, it can be concluded that consumption of alcohol or alcohol-based products has become an accompaniment for a number of reasons such as celebrations, commiserations, the end of the working day, and others. In many developed regions such as Europe, Canada, the U.S., alcohol is a socially accepted part of their daily life. Younger population of the world is influenced by their peer group or peer thinking, which is a factor driving the growth of the alcohol-based market. Changing lifestyles, an influence of social media and Internet, increasing social parties, adolescents with high social network influence, greater family incomes, and others have easier access to alcoholic drinks and alcoholic products, which is also driving demand for alcohol. Moreover, globally, the gender gap in terms of alcohol consumption is closing as there is increasing acceptance of female drinking in the societal norms. Because of all these factors, people are attracted towards alcohol and alcohol-based products, which is driving the growth of the alcohol-based flavor market and this is expected to continue over the forecast period. According to WHO, in 2005, the worldwide consumption of alcoholic beverages was around 6.13 liters of pure alcohol per person, who were above 15 years of age. The highest consumption level was mostly found in the Northern Hemisphere and also in the areas of Argentina, Australia, and New Zealand. There are various disadvantages and risks which can be caused by advertisements of alcohol-based products, publicly. There are foods, which contain the high volume of alcohol and if are exhibited publicly may cause harm to the image of the product. Consumers are looking towards clean-label products since the recent past and thus, if the alcohol-based products are advertised, consumers would not prefer it because of the adverse health effects of alcohol. Moreover, attracted to the advertisements, children may consume alcohol unintentionally while consuming the products. Due to this, the taste of alcohol can get familiarized among children. By consuming alcohol flavored products, children have the chance to get used to the taste of alcohol before they reach the legal drinking age. However, the alcohol in food is also hidden for recovering addicts.
This report focuses on Alcohol Based Concentrates volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Alcohol Based Concentrates market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Alcohol Based Concentrates Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Amaretto
Blueberry
Butterscotch
Cherry Brandy
Creme De Cacao
Peach
Others
Segment by Application
Chocolate
Bakery
Food and Beverage
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Givaudan
Döhler
Kerry Group
Firmenich International
Symrise
Sensient Flavors International
Frutarom Industries
Due to the COVID-19 pandemic, the global Alcohol Based Concentrates market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Alcohol Based Concentrates market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Alcohol Based Concentrates landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
According to the recent past activities in various regions in the world, it can be concluded that consumption of alcohol or alcohol-based products has become an accompaniment for a number of reasons such as celebrations, commiserations, the end of the working day, and others. In many developed regions such as Europe, Canada, the U.S., alcohol is a socially accepted part of their daily life. Younger population of the world is influenced by their peer group or peer thinking, which is a factor driving the growth of the alcohol-based market. Changing lifestyles, an influence of social media and Internet, increasing social parties, adolescents with high social network influence, greater family incomes, and others have easier access to alcoholic drinks and alcoholic products, which is also driving demand for alcohol. Moreover, globally, the gender gap in terms of alcohol consumption is closing as there is increasing acceptance of female drinking in the societal norms. Because of all these factors, people are attracted towards alcohol and alcohol-based products, which is driving the growth of the alcohol-based flavor market and this is expected to continue over the forecast period. According to WHO, in 2005, the worldwide consumption of alcoholic beverages was around 6.13 liters of pure alcohol per person, who were above 15 years of age. The highest consumption level was mostly found in the Northern Hemisphere and also in the areas of Argentina, Australia, and New Zealand. There are various disadvantages and risks which can be caused by advertisements of alcohol-based products, publicly. There are foods, which contain the high volume of alcohol and if are exhibited publicly may cause harm to the image of the product. Consumers are looking towards clean-label products since the recent past and thus, if the alcohol-based products are advertised, consumers would not prefer it because of the adverse health effects of alcohol. Moreover, attracted to the advertisements, children may consume alcohol unintentionally while consuming the products. Due to this, the taste of alcohol can get familiarized among children. By consuming alcohol flavored products, children have the chance to get used to the taste of alcohol before they reach the legal drinking age. However, the alcohol in food is also hidden for recovering addicts.
This report focuses on Alcohol Based Concentrates volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Alcohol Based Concentrates market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Alcohol Based Concentrates Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Amaretto
Blueberry
Butterscotch
Cherry Brandy
Creme De Cacao
Peach
Others
Segment by Application
Chocolate
Bakery
Food and Beverage
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Givaudan
Döhler
Kerry Group
Firmenich International
Symrise
Sensient Flavors International
Frutarom Industries
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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