“The grain alcohol market is projected to grow at a CAGR of 4.1% during the forecast period.”
According to MarketsandMarkets, the global grain alcohol market size is estimated to be valued at USD 12.2 billion in 2021 and is projected to reach USD 14.9 billion by 2026, recording a CAGR of 4.1% during the forecast period. The increased consumption and production of alcoholic beverages is one of the key factors that is driving market growth.
“By source, the sugarcane segment is projected to dominate the market during the forecast period.”
Sugar is a natural carbohydrate found in all fruits & vegetables. Sugar cane and sugar beet plants are the most abundant sources of sucrose, which is fermented to produce alcohol. Molasses is the by-product in the sugarcane industry, obt......
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Belgium Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
Belgium was severely impacted by the COVID-19 pandemic, causing the country's GDP to shrink by 6.3% in 2020. The beer & cider sector was among the worst hit by the crisis due to the enforcement of lockdown rules, which involved the closure of bars and restaurants and restrictions on social gatherings. These factors led to a double-digit decline in volume sales for the sector in 2020. The cancellation of sporting events and flights also adversely impacted beer and cider sales in the country.
Belgium Beer and Cider Market Insights to 2026 report provides a complete overview of the Belgium Beer and Cider industry struct......
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France Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The COVID-19 outbreak had a profound effect on France, with infections spreading rapidly after the first case was reported in January 2020. The pandemic dealt a heavy blow to the French economy, as it was still recovering from a recession. The economy once again slipped into recession in H1 2020 as the government imposed several pandemic containment measures, beginning with a nationwide lockdown from mid-March to May 2020. People were asked to stay at home and go out only for emergencies, and only essential stores such as groceries and pharmacies were allowed to operate. With HoReCa outlets closed, on-premise sales of ......
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Canada Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
Following 1.8% growth in 2019, the Canadian economy entered a recession in 2020, with the country's real gross domestic product (GDP) shrinking by 5.4%. This was the country's worst economic performance on record. The contraction can mainly be attributed to the implementation of lockdown restrictions in response to the outbreak of COVID-19. These restrictions had a huge impact on the economy, primarily affecting the tourism, aviation, foodservice, hospitality, and manufacturing industries. However, in 2021, the Canadian economy is expected to perform strongly with the reopening of the economy after the third wave of CO......
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Turkey Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
After the first case of COVID-19 emerged in March 2020, the Turkish government imposed pandemic containment measures, including a national lockdown, social distancing, travel restrictions, and the closure of borders. While anti-pandemic restrictions were eased gradually from May, a second wave of infections forced the government to reimpose restrictions from September 2020 to February 2021. In addition to the economic turmoil induced by the pandemic, high taxes on alcoholic beverages imposed by the Turkish government hampered sales of the beer and cider sector in 2020, as consumers focused on reducing their spending on......
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Hungary Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
Despite being a small category, ciders are gaining traction among consumers seeking beverages with a fruity taste and a relatively low alcohol content, as well as health-conscious individuals looking to reduce their alcohol consumption. Rising tourist numbers are encouraging cider manufacturers to introduce new varieties in the form of dry and semi-dry options to appease a broad range of consumers. This bodes well for the country's cider market. Underlining the growing demand for the category, its volume grew by 6.75% in 2020.
Hungary Beer and Cider Market Insights to 2026 report provides a complete overview of the H......
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China Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The outbreak of COVID-19 in China, border tensions with peer nations such as India and geopolitical tensions in South China Sea, and the trade war with the US all posed downward risks to economic growth in 2020. However, China was able to recover at a fast pace and remained the only major economy to post GDP growth in 2020. China's real GDP grew by 1.8% in 2020, which was however the slowest for the country in the last four decades. The lockdown measures and closure of on-premise channels for a significant period in 2020 severally hampered beer & cider sales.
In addition, restrictive measures also negatively impacted s......
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Ukraine Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The increase in COVID-19 cases and the tight lockdown restrictions restrained the economic activities in 2020. The decline in domestic demand, fall in investments, drop in trade and increase in unemployment rate led to the economic contraction in 2020. According to the National Bank of Ukraine, the real GDP declined by 4% year on year (YoY) in 2020 after recording growth at 3.2% in 2019. The consumption of beer declined in 2020 compared to 2019, unlike other regions in Eastern Europe. The consumption was hampered by the tight lockdown restrictions imposed since March 2020 to contain the spread of COVID-19. However, th......
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Ireland Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
COVID-19 had a severe impact in most of the economies in the world. However, the Irish economy recorded a GDP growth of 3.4% in 2020, on the back of increase in pharmaceutical and ICT exports. However, lockdown restrictions had a severe effect on other domestic sectors such as hospitality, tourism, art and entertainment. There was also a surge in the unemployment rate from 5% in 2019 to 5.7% in 2020, while household consumption declined by 9%. Increasing unemployment and fear of job losses made consumers more aware of their expenditure.
Ireland Beer and Cider Market Insights to 2026 report provides a complete overvie......
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Colombia Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The onset of the novel coronavirus disrupted sales of alcoholic drinks including beer and cider. The national anti-pandemic lockdown, and prolonged closure of liquor outlets, which were deemed as non-essential stores, eroded off-premise sales of beer. Additionally, the closure of national borders, restrictions on foreign tourist arrivals and domestic travel, and the closure of leisure, recreational, and entertainment venues muted demand. The shuttering of restaurants, bars, and clubs to prevent social spread of the highly-contagious virus led to a steep fall in on-premise sales of beer. As offices and businesses were......
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