Global Extra Neutral Alcohol (ENA) Market Strategies and Share 2031
MARKET OVERVIEW
Extra Neutral Alcohol (ENA) is a highly concentrated type of alcohol. Fermentation of sugarcane molasses or grains by yeasts followed by several phases of distillation is used to produce extra neutral alcohol. Extra neutral alcohol is utilized as the base constituent for alcoholic beverages such as vodka, rum, and gin. In the cosmetic industry, extra neutral alcohol is used as preservative commodities including lotions, hair spray, etc. In the pharmaceutical industry, many vaccines, drugs, and antiseptics are manufactured from extra neutral alcohol. The extra neutral alcohol market growth is impacted by the increased demand for alcoholic beverages across both developed and developing countries.
MARKET DYNAMICS
The extra neutral alcohol market is anticipated to grow substantially during the predicted period. The increasing customer preferences for branded and craft liquor, and expansion of the fermentation industries across the globe are major accelerating factors aiding the expansion of the extra neutral alcohol market growth. In addition to this, the massive applications of ENA in pharmaceutical, cosmetic, and industrial sectors are expected to propel the growth of the market. The rise in disposable incomes coupled with the growing adoption of alcoholic beverages for celebratory events and occasions across the globe are some other factors fueling market growth. The increasing number of lounges, liquor stores, and pubs further invigorates the growth of the extra neutral alcohol industry. However, the strict government regulations, fluctuations in the prices of raw materials including sugarcane juice, ripe fruit, etc., and the rising cases of alcohol abuse may slightly hamper the growth of the extra neutral alcohol market in the foreseen timeframe.
MARKET SCOPE AND REPORT FEATURES
The “Global Extra Neutral Alcohol (ENA) Market Analysis to 2031” is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by raw material, end-use industry, and geography. The global extra neutral alcohol market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of extra neutral alcohol (ENA) worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the extra neutral alcohol market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in extra neutral alcohol market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global extra neutral alcohol market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global extra neutral alcohol market is segmented on the basis of raw material and end use industry. Based on raw material, the extra neutral alcohol market is segmented as grain-based, sugarcane-based and others. On the basis of end use industry, the market is classified as food and beverages, cosmetics, pharmaceuticals, and others.
Based on raw material, the grain-based type held the largest share, which is due to its extensive use in alcoholic beverages such as whiskey, gin, rum, etc. The alcohol produced from grain is of better quality as compared to its counterparts. Also, grain alcohol finds its vast use in many industrial applications and as a solvent. Furthermore, the production of neutral alcohol from apples, malt, and grapes has increased significantly over the last few years, which also propels the demand for ENA.
REGIONAL INSIGHTS
The report provides a detailed overview of the global extra neutral alcohol market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia-Pacific accounted for a major extra neutral alcohol market share which can be attributed to the high volume production of alcoholic beverages in the region. The region is also expected to grow substantially during the foreseen timeframe due to the production of multiple products from ENA and the growth of new cosmetic product manufacturers in the region, especially in China, India and South Korea. In economies such as India and China, the growth of the alcohol sector is fueling market growth. The global extra neutral alcohol market growth is expected to be majorly driven by the demand growth in these countries over the coming years. The demand for cosmetic products such as fragrances, skin care products, daily-use products, and others is also expected to grow due to an increase in urbanization which will further propel the market growth.
MARKET PLAYERS
Some of the key players operating in the extra neutral alcohol market include, NCP Alcohols, Sasol Solvents, USA Distillers, Kakira Sugar Works Ltd (KSW), Greenpoint Alcohols, Swift Chemicals, Mumias Sugar Company, Tag Solvent Products, The Saswad Mali Sugar Factory Ltd., IFB Agro Industries Limited, Shanker International, GODAVARI BIOREFINERIES LTD., Agrochemical and Food Company Ltd, Illovo Sugar Ltd., and India Glycols Limited among others.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
REGIONAL FRAMEWORKGlobal Extra Neutral Alcohol (ENA) Market Report Analysis
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Agrochemical and Food Company Ltd AFCL
- Greenpoint Alcohols
- Illovo Sugar Ltd
- Kakira Sugar Works Ltd KSW
- Mumias Sugar Company
- NCP Alcohols
- Sasol Solvents
- Swift Chemicals
- Tag Solvent Products
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Global Extra Neutral Alcohol (ENA) Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. Agrochemical and Food Company Ltd (AFCL)
2. Greenpoint Alcohols
3. Illovo Sugar Ltd.
4. Kakira Sugar Works Ltd (KSW)
5. Mumias Sugar Company
6. NCP Alcohols
7. Sasol Solvents
8. Swift Chemicals
9. Tag Solvent Products
10. USA Distillers
Get Free Sample For