Market Overview:
The global alcohol based concentrates market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for chocolate and bakery products, and rising disposable income in developing countries. Alcohol based concentrates are used as flavorings in various food and beverage applications such as chocolate, bakery, confectionery, ice cream, etc. They are also used as ingredients in alcoholic beverages such as cocktails and mocktails. The global alcohol based concentrates market is segmented on the basis of type into amaretto, blueberry, butterscotch cherry brandy creme de cacao peach others). On the basis of application, it is segmented into chocolate industry bakery industry food and beverage industry others).
Product Definition:
Alcohol based concentrates are products that are made by dissolving a drug in alcohol. They can be used to make drugs easier to take, or to increase their potency.
Amaretto:
Amaretto is a type of alcohol-based liqueur, which originates from the region of Veneto in Italy. It is usually made with 40% to 60% Alcohol by Volume (ABV) and rest sugar. The product has been gaining popularity among consumers due to its sweet taste and it can be used as an alternative for sweeter alcoholic beverages like colas, sodas, etc.
The global market size was valued at USD 473 million in 2016.
Blueberry:
The blueberry is a fruit and it's the part of the Vaccinium genus. The berry fruits are very popular in North America and Europe region due to their flavor. Blueberries are rich in antioxidants, fiber, vitamin C & E & folic acid which helps to prevent heart diseases, cancer & dementia among others. The alcohol based concentrates market is gaining popularity among distilleries as an ingredient for producing flavored spirits such as vodka, whiskey or gin.
Application Insights:
The chocolate industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The global alcohol based concentrates market has witnessed a surge in demand from the confectionery industry owing to increasing consumer preference for premium quality chocolates. Moreover, growing consumption of alcoholic beverages such as beer and wine is also likely to contribute towards segment growth.
The food & beverage industry accounted for more than 20% share of global revenue in 2017 due to rising use of flavored products such as butterscotch, blueberry, peach and cherry brandy among others. In addition, amaretto which is predominantly used as an ingredient in various cakes including carrot cake is expected to be one of the major driving forces behind product demand from food & beverage applications over next seven years.
Regional Analysis:
North America was the leading revenue contributor in 2017 and is anticipated to witness a considerable CAGR over the forecast period. The region has been witnessing increasing demand for alcohol based concentrates owing to rising consumption of alcoholic beverages such as beer, wine, and spirits. Furthermore, growing trend of cocktails among millennials is expected to drive regional product demand in near future.
Asia Pacific emerged as the second largest consumer of ABDCs after North America with China being its major contributor on account of rapid industrialization along with developing economy and high population density within the country. In addition, growing food processing industry coupled with improving living standards among middle-class income groups are likely to augment product consumption over next eight years.
Growth Factors:
- Increasing demand for premium and artisanal alcohol-based concentrates from the millennials
- Rising awareness about the health benefits of alcohol-based concentrates among consumers
- Proliferation of online retail platforms that offer a wide variety of alcohol-based concentrates products
- Growing popularity of cocktail culture and mixology, which has led to an increase in demand for high quality alcohol-based concentrates
- Introduction of new flavors and variants by manufacturers to cater to the evolving tastes and preferences of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Alcohol Based Concentrates Market Research Report
By Type
Amaretto, Blueberry, Butterscotch, Cherry Brandy, Creme De Cacao, Peach, Others
By Application
Chocolate Industry, Bakery Industry, Food and Beverage Industry, Others
By Companies
Givaudan, Döhler, Kerry Group, Firmenich International, Symrise, Sensient Flavors International, Frutarom Industries, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Alcohol Based Concentrates Market Report Segments:
The global Alcohol Based Concentrates market is segmented on the basis of:
Types
Amaretto, Blueberry, Butterscotch, Cherry Brandy, Creme De Cacao, Peach, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chocolate Industry, Bakery Industry, Food and Beverage Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Givaudan
- Döhler
- Kerry Group
- Firmenich International
- Symrise
- Sensient Flavors International
- Frutarom Industries
- ...
Highlights of The Alcohol Based Concentrates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Amaretto
- Blueberry
- Butterscotch
- Cherry Brandy
- Creme De Cacao
- Peach
- Others
- By Application:
- Chocolate Industry
- Bakery Industry
- Food and Beverage Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alcohol Based Concentrates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alcohol based concentrates are a type of cannabis concentrate that is made from the dried and cured flowers and leaves of the cannabis plant. They are often more potent than regular marijuana because they contain higher levels of THC, which is the psychoactive compound that makes people feel high.
Some of the key players operating in the alcohol based concentrates market are Givaudan, DƒÂ¶hler, Kerry Group, Firmenich International, Symrise, Sensient Flavors International, Frutarom Industries.
The alcohol based concentrates market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Alcohol Based Concentrates Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Alcohol Based Concentrates Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Alcohol Based Concentrates Market - Supply Chain
4.5. Global Alcohol Based Concentrates Market Forecast
4.5.1. Alcohol Based Concentrates Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Alcohol Based Concentrates Market Size (000 Units) and Y-o-Y Growth
4.5.3. Alcohol Based Concentrates Market Absolute $ Opportunity
5. Global Alcohol Based Concentrates Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Alcohol Based Concentrates Market Size and Volume Forecast by Type
5.3.1. Amaretto
5.3.2. Blueberry
5.3.3. Butterscotch
5.3.4. Cherry Brandy
5.3.5. Creme De Cacao
5.3.6. Peach
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Alcohol Based Concentrates Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Alcohol Based Concentrates Market Size and Volume Forecast by Application
6.3.1. Chocolate Industry
6.3.2. Bakery Industry
6.3.3. Food and Beverage Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Alcohol Based Concentrates Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Alcohol Based Concentrates Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Alcohol Based Concentrates Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Alcohol Based Concentrates Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Alcohol Based Concentrates Demand Share Forecast, 2019-2029
9. North America Alcohol Based Concentrates Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Alcohol Based Concentrates Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Alcohol Based Concentrates Market Size and Volume Forecast by Application
9.4.1. Chocolate Industry
9.4.2. Bakery Industry
9.4.3. Food and Beverage Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Alcohol Based Concentrates Market Size and Volume Forecast by Type
9.7.1. Amaretto
9.7.2. Blueberry
9.7.3. Butterscotch
9.7.4. Cherry Brandy
9.7.5. Creme De Cacao
9.7.6. Peach
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Alcohol Based Concentrates Demand Share Forecast, 2019-2029
10. Latin America Alcohol Based Concentrates Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Alcohol Based Concentrates Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Alcohol Based Concentrates Market Size and Volume Forecast by Application
10.4.1. Chocolate Industry
10.4.2. Bakery Industry
10.4.3. Food and Beverage Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Alcohol Based Concentrates Market Size and Volume Forecast by Type
10.7.1. Amaretto
10.7.2. Blueberry
10.7.3. Butterscotch
10.7.4. Cherry Brandy
10.7.5. Creme De Cacao
10.7.6. Peach
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Alcohol Based Concentrates Demand Share Forecast, 2019-2029
11. Europe Alcohol Based Concentrates Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Alcohol Based Concentrates Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Alcohol Based Concentrates Market Size and Volume Forecast by Application
11.4.1. Chocolate Industry
11.4.2. Bakery Industry
11.4.3. Food and Beverage Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Alcohol Based Concentrates Market Size and Volume Forecast by Type
11.7.1. Amaretto
11.7.2. Blueberry
11.7.3. Butterscotch
11.7.4. Cherry Brandy
11.7.5. Creme De Cacao
11.7.6. Peach
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Alcohol Based Concentrates Demand Share, 2019-2029
12. Asia Pacific Alcohol Based Concentrates Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Alcohol Based Concentrates Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Alcohol Based Concentrates Market Size and Volume Forecast by Application
12.4.1. Chocolate Industry
12.4.2. Bakery Industry
12.4.3. Food and Beverage Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Alcohol Based Concentrates Market Size and Volume Forecast by Type
12.7.1. Amaretto
12.7.2. Blueberry
12.7.3. Butterscotch
12.7.4. Cherry Brandy
12.7.5. Creme De Cacao
12.7.6. Peach
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Alcohol Based Concentrates Demand Share, 2019-2029
13. Middle East & Africa Alcohol Based Concentrates Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Alcohol Based Concentrates Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Alcohol Based Concentrates Market Size and Volume Forecast by Application
13.4.1. Chocolate Industry
13.4.2. Bakery Industry
13.4.3. Food and Beverage Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Alcohol Based Concentrates Market Size and Volume Forecast by Type
13.7.1. Amaretto
13.7.2. Blueberry
13.7.3. Butterscotch
13.7.4. Cherry Brandy
13.7.5. Creme De Cacao
13.7.6. Peach
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Alcohol Based Concentrates Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Alcohol Based Concentrates Market: Market Share Analysis
14.2. Alcohol Based Concentrates Distributors and Customers
14.3. Alcohol Based Concentrates Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Givaudan
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Döhler
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kerry Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Firmenich International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Symrise
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sensient Flavors International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Frutarom Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
