Alto Ingredients Inc (ALTO)

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The global bioethanol market is forecast to reach $68.95 billion by 2022 from $53.19 billion in 2017 at a CAGR of 5.3% during (2017-2022) driven by the increased demand for bioethanol in different end-use industries such as transportation, pharmaceuticals, cosmetics, alcoholic beverages, etc.

The key companies profiled in the global bioethanol market research report include Archer Daniels Midland Company (US), POET LLC (US), Green Plains (US), Valero Energy Corporation (US), Flint Hills Resource (US), Abengoa Bioenergy SA (Spain), Royal Dutch Shell plc (Netherlands), Pacific Ethanol, Inc. (US), Petrobras (Brazil), and The Andersons (US).

The North America is expected to be the largest bioethanol market owing to the high demand for bioethanol from countries such as the US, Canada, and Mexico. The US is estimated to be the largest market for bioethanol in North America, followed by Canada and Mexico. However, Mexico is projected to be the fastest-growing market for bioethanol in this region. The growth of end-use industries such as transportation, pharmaceuticals, cosmetics, alcoholic beverages, etc., has led to the increased demand for bioethanol in this region. Increasing government and environment regulations in the region also act as key growth drivers for the bioethanol market.