Market Outlook
Denatured spirits, commonly known as denatured alcohol or methylated spirit (in New Zealand, Australia, United Kingdom, and South Africa) is a mixture made of alcohol and other chemicals including pyridine and methanol. The food industry is a significant user of denatured spirits. The primary target of the denatured spirits manufacturers are the vinegar manufacturing industries.
Denatured spirits play a significant role in the production of food dyes, candy glaze, flavors and extracts, sprays, yeast, and animal-feed supplements. Denatured spirits have a diverse range of functions including food preservation, coloring agent, for coating as well as for flavoring. The recognition of the wide range of functions carried out by denatured spirits is giving the market a significant boost.
Beverage Segment Expected to Generate Largest Revenue in the Market
A common ongoing-trend that is witnessed in the past few years is keen interest in super premium products such as denatured spirits. Growing interest in individuals for beer and other alcoholic beverages, coupled with the growing number of exporters in the market in developing nations due to improved trade regulations and policies are the major factors behind the growth of the denatured spirits market.
The primary purpose of the production of denatured spirits is to meet foodservice providers’ demand for trending clean-label components in making authentic, regional cuisines.
The beverage sectors hold a relatively better prospect for the denatured spirits market, with more than half of the revenue generating from it. Denatured spirit can also be used as a processing ingredient in the manufacturing of premium products including confectionery, fragrances and more.
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Global Denatured Spirits: Market Segmentation
Basis of variety
- Bourbon
- Brandy
- Rum
- Tequila
- Vodka
- Whiskey
- Triple sec
- Others
Basis of end use
- Food & Beverages
- Food Dyes
- Preserves
- Dairy Products
- Pharmaceuticals
- Animal Feed
Basis of function
- Colorant
- Fragrant
- Flavoring Agent
- Coating Agent
Global Denatured Spirits Market: Key Players
Some of the key players operating in the global Denatured Spirits market are Mizkan America, Inc., MGP Ingredients, Spectrum Laboratory Products, Inc., among others. The global denatured spirits market has advanced on the foundation of new product innovations and will continue to grow the same way during the period of forecast.
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