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.
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.
Owing to the factors and incidence of advertisements of alcohol-based products, it has become a threat for manufacturers to market their products. Due to which, the alcohol-based products are not reaching the adult consumer base, which is resulting in inhibiting the growth of the alcohol-based ingredient market.
The global Alcohol Based Concentrates market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Alcohol Based Concentrates market based on company, product type, end user and key regions.
This report studies the global market size of Alcohol Based Concentrates in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Alcohol Based Concentrates in these regions.
This research report categorizes the global Alcohol Based Concentrates market by top players/brands, region, type and end user. This report also studies the global Alcohol Based Concentrates market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Sensient Flavors International
Market size by Product
Creme De Cacao
Market size by End User
Food and Beverage Industry
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Alcohol Based Concentrates market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Alcohol Based Concentrates market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Alcohol Based Concentrates companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Alcohol Based Concentrates submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Alcohol Based Concentrates are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Alcohol Based Concentrates market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.