Grain Neutral Spirits Market: Rise in Demand for High Purity Alcohols to Drive Growth

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.

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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.

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.

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

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.