(Entertainment-NewsWire.com, November 28, 2017 ) Latin America Alcohol Ingredients Market was worth USD 0.17 billion in 2016 and expected to be growing at a CAGR of 9.6%, to reach USD 0.26 billion by 2021. Alcohol ingredients are ingredients used in a variety of food & beverage applications, especially in the production of alcoholic beverages.
Alcoholic beverages are manufactured by the fermentation of fruit, vegetables or cereals. Alcohol ingredients such as yeast, flavours & salts, enzymes, colours and other ingredients are extracted from natural sources such as plants, vegetables, and fruits.
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 essentially 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. The market is restrained by stringent government regulations on manufacturing and selling liquor, high taxes, and ban on advertisements among others. Health-conscious consumers and high costs of raw materials are also a major restraint of the alcohol Ingredients market.
The Latin-America 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. Spirits are accounting for a major part of market growth in recent times.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The market is projected to expand in Latin America as the consumer expenditure on these beverages is mounting rapidly. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia.
The alcohol ingredients market is quite competitive because of numerous players operating at the global and local levels. Some key players in the market are Chr. Hansen Holdings A/S (Denmark), Ashland Inc. (U.S.), Sensient Technologies Corporation (U.S.), Cargill, Incorporated (U.S.) and Archer Daniels Midland Company (U.S.).
Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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