Global Extra Neutral Alcohol Market Size Study, by Raw Material, by Type, by Application and Regional Forecasts 2022-2032

PUBLISHED: July 11, 2024

PAGES: 200 Pages

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Description

Global Extra Neutral Alcohol (ENA) Market is valued at approximately USD 9.43 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2024-2032. Extra Neutral Alcohol (ENA) holding precedence in potable alcohol varieties, is the backbone of the liquor industry, forming the base for gins, aperitifs, rums, liqueurs, vodkas, and more. With a purity level of 96.4% ethanol, ENA's significance extends beyond beverages, being an essential food-grade solvent in processing confectionery, chocolate, and other food products due to its effective flavor and colorant diffusion capabilities. The burgeoning liquor consumption globally is prompting industry players to innovate and expand their offerings.

Furthermore, the versatility of ENA extends into personal care items such as lotions, shampoos, hairsprays, deodorants, and perfumes, owing to its preservative qualities and antibacterial properties. ENA's role as a carrier of fragrance and flavor amplifies its value in these applications. Leading manufacturers are leveraging advanced technologies to ensure the highest purity levels of ENA, meeting stringent standards required in pharmaceutical manufacturing for drugs, antiseptics, and vaccines. This intersection of high purity and neutrality makes ENA indispensable for blending with active pharmaceutical ingredients, ensuring consistent quality and regulatory compliance. However, regulatory and compliance issues and environmental concerns are hampering the market growth during the estimated period.

Sustainability concerns are reshaping the industry, with a noticeable shift towards organic and eco-friendly ENA production methods. Consumers increasingly prefer products with minimal environmental impact, driving producers to emphasize ethically sourced grains and sustainable practices. This trend is particularly pronounced among premium spirit brands and the organic cocktail market, aligning with the health-conscious consumer segment seeking purer options.

The cosmetics sector is another significant growth area for ENA, with a forecast of substantial demand increase due to its application in lotions, creams, and perfumes. The rise in consumer emphasis on grooming and skincare is propelling industry players to develop superior cosmetic products incorporating ENA.

The key regions considered for the global Extra Neutral Alcohol (ENA) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Extra Neutral Alcohol (ENA) Market in terms of revenue. The market growth in the region is being attributed to factors including growing taste for high-end spirits and cocktails, along with rising demand from the craft distilling industry. This, coupled with consumer preference for smoother liquors and increasing disposable income, positions ENA as a key ingredient for continued market growth. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by a massive and growing population with rising disposable income. This leads to increased spending on discretionary items, including alcoholic beverages. This growing consumer base creates a strong demand for ENA, a core ingredient in many spirits and liquors. Also, rapid urbanization across APAC is creating a shift in lifestyles and consumption patterns. Urban populations are more likely to explore new trends, including experimenting with different types of alcoholic beverages that utilize ENA

Major market players included in this report are:

Illovo Sugar Limited
NCP Alcohols (Pty) Ltd
USA Distillers LLC
Agro Chemical and Food Company Limited
Sasol Solvents (Pty) Ltd
Mumias Sugar Company Limited
Swift Chemicals Ltd
Tag Solvent Products Pvt Ltd
Enterprise Ethanol (Pty) Ltd
BCL Industries Ltd
Radico Khaitan Limited
Diageo PLC
United Spirits Limited
Luxco, Inc.
Cargill, Incorporated

The detailed segments and sub-segment of the market are explained below:

By Raw Material:

Grain-based
Sugarcane-based
Others

By Type:

Type I
Type II

By Application:

Beverages
Potable Alcohol
Flavors and Fragrances
Pharmaceuticals
Cosmetics and Personal Care
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Extra Neutral Alcohol (ENA) Market Executive Summary

1.1. Global Extra Neutral Alcohol (ENA) Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Raw Material
- 1.3.2. By Type
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Extra Neutral Alcohol (ENA) Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Extra Neutral Alcohol (ENA) Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Alcoholic Beverages
- 3.1.2. Rising Pharmaceutical Applications
- 3.1.3. Growth in Cosmetics and Personal Care Sector
3.2. Market Challenges
- 3.2.1. Regulatory and Compliance Issues
- 3.2.2. Environmental Concerns
3.3. Market Opportunities
- 3.3.1. Sustainable and Organic Production
- 3.3.2. Technological Advancements
- 3.3.3. Emerging Markets

Chapter 4. Global Extra Neutral Alcohol (ENA) Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Extra Neutral Alcohol (ENA) Market Size & Forecasts by Raw Material 2022-2032

5.1. Segment Dashboard
5.2. Global Extra Neutral Alcohol (ENA) Market: Raw Material Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Grain-based
- 5.2.2. Sugarcane-based
- 5.2.3. Others

Chapter 6. Global Extra Neutral Alcohol (ENA) Market Size & Forecasts by Type 2022-2032

6.1. Segment Dashboard
6.2. Global Extra Neutral Alcohol (ENA) Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Type I
- 6.2.2. Type II

Chapter 7. Global Extra Neutral Alcohol (ENA) Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Extra Neutral Alcohol (ENA) Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Beverages
- 7.2.2. Potable Alcohol
- 7.2.3. Flavors and Fragrances
- 7.2.4. Pharmaceuticals
- 7.2.5. Cosmetics and Personal Care
- 7.2.6. Others

Chapter 8. Global Extra Neutral Alcohol (ENA) Market Size & Forecasts by Region 2022-2032

8.1. North America Extra Neutral Alcohol (ENA) Market
- 8.1.1. U.S. Extra Neutral Alcohol (ENA) Market
  - 8.1.1.1. Raw Material breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Extra Neutral Alcohol (ENA) Market
  - 8.1.2.1. Raw Material breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Type breakdown size & forecasts, 2022-2032
  - 8.1.2.3. Application breakdown size & forecasts, 2022-2032
8.2. Europe Extra Neutral Alcohol (ENA) Market
- 8.2.1. U.K. Extra Neutral Alcohol (ENA) Market
- 8.2.2. Germany Extra Neutral Alcohol (ENA) Market
- 8.2.3. France Extra Neutral Alcohol (ENA) Market
- 8.2.4. Spain Extra Neutral Alcohol (ENA) Market
- 8.2.5. Italy Extra Neutral Alcohol (ENA) Market
- 8.2.6. Rest of Europe Extra Neutral Alcohol (ENA) Market
8.3. Asia-Pacific Extra Neutral Alcohol (ENA) Market
- 8.3.1. China Extra Neutral Alcohol (ENA) Market
- 8.3.2. India Extra Neutral Alcohol (ENA) Market
- 8.3.3. Japan Extra Neutral Alcohol (ENA) Market
- 8.3.4. Australia Extra Neutral Alcohol (ENA) Market
- 8.3.5. South Korea Extra Neutral Alcohol (ENA) Market
- 8.3.6. Rest of Asia Pacific Extra Neutral Alcohol (ENA) Market
8.4. Latin America Extra Neutral Alcohol (ENA) Market
- 8.4.1. Brazil Extra Neutral Alcohol (ENA) Market
- 8.4.2. Mexico Extra Neutral Alcohol (ENA) Market
- 8.4.3. Rest of Latin America Extra Neutral Alcohol (ENA) Market
8.5. Middle East & Africa Extra Neutral Alcohol (ENA) Market
- 8.5.1. Saudi Arabia Extra Neutral Alcohol (ENA) Market
- 8.5.2. South Africa Extra Neutral Alcohol (ENA) Market
- 8.5.3. Rest of Middle East & Africa Extra Neutral Alcohol (ENA) Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Illovo Sugar Limited
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. NCP Alcohols (Pty) Ltd
- 9.3.3. USA Distillers LLC
- 9.3.4. Agro Chemical and Food Company Limited
- 9.3.5. Sasol Solvents (Pty) Ltd
- 9.3.6. Mumias Sugar Company Limited
- 9.3.7. Swift Chemicals Ltd
- 9.3.8. Tag Solvent Products Pvt Ltd
- 9.3.9. Enterprise Ethanol (Pty) Ltd
- 9.3.10. BCL Industries Ltd
- 9.3.11. Radico Khaitan Limited
- 9.3.12. Diageo PLC
- 9.3.13. United Spirits Limited
- 9.3.14. Luxco, Inc.
- 9.3.15. Cargill, Incorporated

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes