Global Extra Neutral Alcohol Market - 2022-2029

Market Overview

The "global extra neutral alcohol market" valued USD XX million in 2021 and is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029)

Extra neutral alcohol is the purest form of any alcoholic beverage. ENA alcohols are created from various raw materials such as sugarcane molasses or grains with cereals such as corn, rye, wheat, barley, and rice being examples of grains. It has no taste or odour and is organoleptically neutral. This alcohol has a variety of uses, the most common of which is as a foundation for spirits and alcoholic beverages. ENA is utilized in the food and beverage business, cosmetics and beauty industry, as well as in pharmaceutical and medical applications.

Market Dynamics:

Extra neutral alcohol is in high demand in a variety of end-use industries, which will help the market grow

Increasing alcohol use, the expansion of party culture in metropolitan regions worldwide, and the penetration of pubs, lounges, and bars benefit various alcohol corporations. Furthermore, the increased preference for branded liquors over rural liquors can be ascribed to the market rise of additional neutral alcohol. The global popularity of alcoholic beverages is expected to influence the growth of the extra-neutral alcohol industry. According to this, rising alcohol consumption and high disposable income are also projected to be important determinants of the extra-neutral alcohol market's growth over the forecast period. Likewise, the rapid shift in people's attitudes about drinking, with drinking becoming more socially acceptable, and the rise in the use of extra neutral alcohol as unstable scent and solvent transporters, are predicted to significantly impact the extra neutral alcohol market.

Additionally, the growing use of extra neutral alcohol as a carrier of fragrances and solvents in the cosmetic and personal care industry fuels the market's growth. With the rising demand for cosmetic and personal care products like hair sprays and toiletries, among others, the market is witnessing rapid growth. Furthermore, the widespread use of extra neutral alcohol in various consumer goods, such as air fresheners, colognes, detergents, syrups, and other products, is projected to fuel the market in the forecast timeframe. In producing varnishes and perfumes, extra neutral alcohol is a good solvent. Deodorants, mouthwash, hairspray, aftershave lotion, sanitizers, soaps, shampoos, and cologne and perfumes are all made with it. It's also commonly used to make antibiotics, vaccinations, tablets, pills, and vitamins. Neutral alcohol is used as a disinfectant in a variety of medicines. The great need for extra neutral alcohol, on the other hand, is owing to its critical role in brewers. Because of the surge in alcohol abuse, the government is placing high taxes and regulations on the availability of alcohol and its manufacturing.

Market Segmentation:

Grain based extra neutral alcohol is dominating segment in the global extra neutral alcohol market

Grain alcohol is pure alcohol made from the fermentation and distillation of grains. Grain alcohol is utilized as a solvent and in a range of other industrial applications and used in the production of alcoholic beverages. It is a colorless, odorless, and tasteless liquid. Grain Extra neutral alcohol is manufactured from food grain that has been damaged. It is the primary ingredient in the production of alcoholic beverages. It has a neutral odor and flavor and often contains more than 96 percent alcohol by volume. It's used to make alcoholic beverages like whiskey, vodka, gin, cane, liqueurs, and alcoholic fruit beverages. Grain-based alcohol is used to make white spirits like gin and vodka and a base for a variety of flavor-infused alcoholic beverages. Over the last few years, the manufacturing of neutral alcohol from malt, grape, apple, or sugar has expanded significantly.

Based on the application, potable alcohol held the highest market revenue share of XX% in 2021. Potable High Pure Alcohol is a highly purified product with a taste and odor that is very neutral. The sugars are fermented with yeast to produce this natural product. Molasses and/or grain are used to make the sugars. Following the fermentation process, the ethanol is refined through distillation and rectification steps. Because of its high purity and neutral organoleptic qualities, potable high pure alcohol is the principal ingredient in creating premium brands liquors, akvavit, aniseed goods, and so on by the spirit's sector. Potable alcohol is also employed as a colorant and flavoring solvent and processing aid in the food sector. Many European spirits producers use Cargill's neutral grain and potable alcohol in their leading brands, including vodkas, gins, jenevers, liquors, pastis, and cream liquors. Because of its good and consistent flavor and odor, Cargill's alcohol is trusted by many distillers and bottlers.

Geographical Penetration:

Asia Pacific is expected to be the fastest growing region during the forecast period

The Asia Pacific area accounts for a sizable portion of the extra neutral alcohol (ENA) market. This is due to the region's large-scale manufacturing of extra neutral alcohol (ENA). The rise of the alcohol sector in countries like India and China in the region is also moving the market forward. The market is projected to grow strongly due to the increased production of extra neutral alcohol (ENA) to fulfill rising demand. Furthermore, because these countries have much extra neutral alcohol (ENA) producers and distillers who produce alcoholic beverages, they are expected to create a variety of lucrative opportunities in the extra neutral alcohol (ENA) market. The alcohol industry in India is fast growing. The country is a major producer of alcohol in Asia. These countries are expected to drive global demand growth in the next years. Therefore, they will be in the limelight. Furthermore, increased urbanization is likely to promote the growth of the extra neutral alcohol market by increasing demand for various items such as cosmetics, fragrances, and other daily-use products.

Competitive Landscape:

There are just a few big companies in the extra neutral alcohol sector, which is highly competitive. NCP Alcohols, Illovo Sugar Ltd., Sasol Solvents, USA Distillers, Agrochemical and Food Company Ltd (AFCL), Mumias Sugar Company, Tag Solvent Products, Kakira Sugar Works Ltd (KSW), Greenpoint Alcohols, and Swift Chemicals are just a few of the main competitors in the sector. Various developments in the market have occurred over time in terms of product launch, technological innovation, strategic partnership, and other factors, all of which have aided market expansion. For example, in April 2019, NCP Alcohols received two Grand Gold Quality Awards in the 2019 Monde Selection International Quality Institute's World Quality Selection for Ethanol and Lights Spirits. caTOB packpyTka food-grade alcohol is extra neutral alcohol..The alcohol is used in distilled spirits such as Vodka and Malawi Gin. This product has a ready market in Malawi Distilleries Limited.

COVID-19 Impact:

Positive impact on the global extra neutral alcohol market

Recently a popular application of extra neutral alcohol has been to make hand sanitizer, thus driving the extra neutral alcohol market during a pandemic. Alcohol-based hand sanitizers are increasingly utilized in hospital settings instead of soap and water for hand cleansing. Alcohol-based hand sanitizers are becoming more popular due to their ease of use, greater availability, and proven effectiveness. Extra neutral alcohol isopropanol, ethanol, n-propanol, or a combination of these are the most common active components in alcohol-based hand antiseptics. Alcohols' antibacterial properties are due to their propensity to denature and coagulate proteins. Microbes lose their protective coverings and become non-functional as a result of this. Alcohol rub sanitizers developed by Gulshan Polyols Limited contain at least 70% alcohol and eliminate pathogens after application. The ongoing COVID-19 pandemic has had a significant impact on every area of the global economy. The chemicals and materials sectors, on the other hand, were only minimally affected by the pandemic. This is mostly owing to the persistent need for chemicals in the healthcare, life science, and cleaning industries. Other chemical and material sectors, such as paints, industrial oil, and construction materials, are experiencing a decrease in demand. Strict lockdown led to a 50-60% reduction in raw material supply, which directly impacted the manufacturing process. Furthermore, the suspension of many end-use sectors had a direct impact on chemical demand all around the world.

Why Purchase the Report?

Understand the current market scenario and viability of global extra neutral alcohol over the forecast period

Visualize the composition of the global extra neutral alcohol market in terms of raw material, and application to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global extra neutral alcohol Market - Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global extra neutral alcohol market report would provide an access to approximately 55 market data tables, 45 figures and 180 pages

Target Audience:

Food and Beverage Companies

Alcoholic Beverages Manufacturers

Cosmetic Industry

Industry Investors

Education & Research Institutes

Research Professionals