Global Alcohol Based Concentrates Market Research Report 2019 (Includes Business Impact of COVID-19)

                                          
"The ongoing Coronavirus (COVID-19) pandemic is re-shaping everything from global economies to product categories, pricing, and stock availability to the consumer behavior. The final report is updated to address the impact of COVID-19 on the Alcohol Based Concentrates market.

Trusted Business Insights is tracking mining/oil and gas, transportation, employment services, travel arrangements, and the leisure and hospitality sector closely as they are likely to be the hardest-hit sectors. Utilities, local pharma, diagnostics, consumer goods and durables, agro chem and fertilizers, and telecommunications are the sectors that will be weathering the COVID-19 storm and most likely come out relatively unscathed. Interdependencies of sectors are factored in our research report on the Alcohol Based Concentrates market."
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 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Alcohol Based Concentrates volume and value at global level, regional level and company level. From a global perspective, this report represents overall Alcohol Based Concentrates market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
    Givaudan
    Dohler
    Kerry Group
    Firmenich International
    Symrise
    Sensient Flavors International
    Frutarom Industries
    ...

Segment by Regions
    North America
    Europe
    China
    Japan

Segment by Type
    Amaretto
    Blueberry
    Butterscotch
    Cherry Brandy
    Creme De Cacao
    Peach
    Others

Segment by Application
    Chocolate Industry
    Bakery Industry
    Food and Beverage Industry
    Others