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Abstract, Snapshot, Market Analysis & Market Definition: Global Conformal Coatings Market The global alcohol ingredients market size was valued at USD 1.54 billion in 2018 and is projected to expand at a CAGR of 8.3% from 2019 to 2025. Key factor driving the product demand includes the rising consumption of alcohol across the globe. Furthermore, growing adoption of western culture and rapid urbanization in emerging regions like Asia Pacific is also promoting the market growth. Young population is expected to remain the major consumer base of the alcohol industry. According to the National Health Interview Survey of U.S., in 2017, 35.6% of adults aged between 18 and 24 and 34.3% of adults aged between 25 and 44 had at least one heavy drinking day in U.S. Similarly, in U.K., the number of young drinkers has increased significantly as compared to the other age group from 2005 to 2016. Increasing number of clubs, pubs, and breweries has also been boosting the market significantly. Over the past few years, the number of pubs and bars have increased on a global level. From 2014 to 2016, pubs and bars grew by 23.5%. These places have become a common platform for socializing, especially among the millennials. From 2013 to 2016, the number of Pubs, Bars, and Liquor-Serving Cafes and Lounges (PBCL) outlets increased from around 5,300 to 6,700 in India. Rising demand for craft beer is also an important growth driver for this industry. The number of craft breweries has increased from 3,814 in 2014 to 7,346 in 2018, which indicates the growth of more than 13% in four years. North Carolina owns more than 250 breweries, with majority of them located in the south part. Asheville, Charlotte, Durham, Greensboro and the Raleigh area and Winston-Salem are also some well-known brewery points. Rising popularity of beer tourism has also boosted the industry growth. Governments of the countries, such as New Zealand, Australia, China, Mexico, U.K., and Belgium, have been promoting the craft beer industry for economic development. For instance, Wellington city of New Zealand is an important market for craft beer as these beers are available in unique flavors due to exclusive types of ingredients available in this region. Various anti-alcohol campaigns are expected to remain major restraints for the industry. Over the past few years, these campaigns have increased the health-consciousness in consumers. Moreover, increased amount of taxation and government regulation about the alcohol industry are expected to limit the manufacturing output, which, in turn, will limit the scope of market growth in near future. Market Segmentation, Outlook & Viewpoint: Global Conformal Coatings Market This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global alcohol ingredients market report on the basis of product, application, and region: Product outlook (Revenue, USD Million, 2015 - 2025) Yeast Enzymes Colorants Flavors & Salts Others Application Outlook (Revenue, USD Million, 2015 - 2025) Beer Spirits Wine Others Key Players, Recent Developments & Regional Insights: Global Conformal Coatings Market Flavors & salts was the largest segment and accounted for 43.2% of the global market in 2018. Growing demand for flavored drinks including flavored beer, whisky, and wine is fueling the demand for flavors & salts. Increasing use of fruits as flavor has expanded the portfolio of flavored drinks and attracted new consumers in the past few years. The European countries including France and U.K. are witnessing a significant growth in this segment. Major exporter of the flavored spirits include Germany, Spain, U.S., Netherlands, and Jamaica. Popular flavors include vanilla, coffee, honey, chocolate, green apple, citrus, watermelon, and raspberry. Yeast is another important ingredient, which is used for the fermentation of alcohol to convert the sugar into ethanol and carbon dioxide. Increased consumption of yeast as a raw material for the production of functional drinks including probiotics beverages on a global level is expected to affect the availability of yeast for the production of alcoholic beverages. Application Insights Beer accounted for a revenue share of more than 40% of global share. The major ingredients of beer production include cereal grains, yeast, hops, and water. Rising awareness about the health benefits associated with beer has fueled industry growth. It contains vitamins, natural antioxidants, proteins, low calories, and carbohydrates. These nutritional properties help prevent Cardiovascular Diseases (CVDs), kidney stones, high cholesterol level, and support muscle rebuild. Craft beer market has witnessed a significant growth over the past few years. In terms of sales, craft beer has a 23% share of the U.S. beer industry. U.S. Alcohol and Tobacco Tax and Trade Bureau (TTB) has issued 1,252 new permits in 2018. Major brewers of U.S. include Anheuser-Busch Inbev, MillerCoors, LLC, Constellation, Heineken USA, and Pabst Brewing. Regional Insights Europe was the dominant region and accounted for more than 35% of the global market share. Rapid expansion of the alcohol industry is driving the product demand in this region. Europe produces more than half of the world’s wine. It is the largest exporter of alcohol in the world with the presence of major producers of the industry. Germany, France, U.K., and Italy are key markets of Europe. France, Italy, Spain, Romania, and Portugal are the largest consumers of wine. Similarly, Germany, U.K., and Ireland are the largest consumers of beer; while Russia, Poland, Ukraine, and Norway have high consumption of vodka. Among various types of beer, lager holds the largest share. However, over the past few years, craft beer is gaining significant popularity in this region. Asia Pacific is projected to witness the fastest CAGR of 9.6% from 2019 to 2025. Increased purchasing power of consumers in the developing countries including China, Taiwan, India, South Korea, Myanmar, Indonesia, Philippines, and Thailand is driving the regional market. China is the largest market in this region owing to rise in product demand, particularly in urban areas. Wine is the most popular category of alcohol in this region. The wine import has witnessed 16% year-on-year growth in 2016. Among still wines, red wine represents 75% of China’s wine market volume. Alcohol Ingredients Market Share Insights Major players of this industry include Treatt Plc; Biospringer, AngelYeast Co., Ltd.; Chr. Hansen A/S; DDW; The Color House; Sensient Technologies; The Archer Daniels Midland Company; Döhler; Kerry, Inc.; and Ashland Global Specialty Chemicals, Inc. Product innovation is one of the key strategy adopted by most companies to maintain their market shares. For example, in March 2018, The Coca-Cola Company introduced a new line of flavored alcoholic beverages in Japan, called Alcopop. The alcohol content of this product varies from 3% to 8%. Key Insights Covered: Global Global Conformal Coatings Market 1. Market size (sales, revenue and growth rate) of Global Conformal Coatings industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Global Conformal Coatings industry. 3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Global Conformal Coatings industry. 4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Global Conformal Coatings industry. Research Methodology: Global Conformal Coatings Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
Table of contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. HCC's Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & PublishingChapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive InsightsChapter 3. Alcohol Ingredients Mar | read more...