Global Extra Neutral Alcohol (ENA) Market, By Raw Material (Grain-Based, Sugarcane-Based), Application (Potable Alcohol, Flavors and Fragrances, Pharmaceuticals, Electronics, Printing, Cosmetics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Extra Neutral Alcohol (ENA) Market
Extra neutral alcohol (ENA) market size is expected to grow at a compound annual growth rate of 6.5% for the forecast period of 2021 to 2028 and is likely to reach a value of USD 3475.49 million by 2028. Data Bridge Market Research report on extra neutral alcohol (ENA) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Extra neutral alcohol (ENA) is a type of food grade alcohol and is highly distilled and contains nearly 96% of alcohol. This alcohol is largely used to manufacture potable alcoholic beverages such as gin, vodka and rum. Extra neutral alcohol (ENA) is usually produced by fermenting sugarcane molasses or grains using yeast and distilled several times to make a colorless and odorless alcohol.
The high demand for alcoholic beverages across the globe is expected to influence the growth of the extra neutral alcohol (ENA) market. In line with this, the increase in the alcohol consumption and high disposable incomes are also anticipated to act as key determinants favoring the growth of the extra neutral alcohol (ENA) market over the forecast period of 2021 to 2028. Also the, rapid change in the attitude of people towards drinking and drinking becoming more socially acceptable along with the increase in the uses of extra neutral alcohol as volatile carriers of fragrances and solvents are also expected to positively impact the growth of the extra neutral alcohol (ENA) market. The major factor accountable for the growth of the market is the rapid rise in the alcohol industry.
However, the fluctuation in the price of raw material and the side effects of the product to the health are likely to act as key restraints towards extra neutral alcohol (ENA) market growth rate in the forecast period of 2021 to 2028, whereas the reduced manufacturing output due to corona virus outbreak can challenge the growth of the extra neutral alcohol (ENA) market in the above mentioned forecast period.
Furthermore, the presence of number of extra neutral alcohol (ENA) producers and distillers that produce alcoholic beverages, increase in the club culture in urban areas around the world and consumer preference for branded liquors over country liquors are expected to offer a variety of growth opportunities for the extra neutral alcohol (ENA) market in the above mentioned forecast period.
This extra neutral alcohol (ENA) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on extra neutral alcohol (ENA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Extra Neutral Alcohol (ENA) Market Scope and Market Size
Extra neutral alcohol (ENA) market is segmented on the basis of raw material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of raw material, the extra neutral alcohol (ENA) market is segmented into grain-based and sugarcane-based.
The application segment for extra neutral alcohol (ENA) market is segmented into potable alcohol, flavors and fragrances, pharmaceuticals, electronics, printing, cosmetics and others.
Extra Neutral Alcohol (ENA) Market Country Level Analysis
Extra neutral alcohol (ENA) market is analyzed and market size, volume information is provided by country, raw material and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe leads theextra neutral alcohol (ENA) market because of the strong presence of extra neutral alcohol (ENA) producers.Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the alcohol industry in India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Extra Neutral Alcohol (ENA) Market Share Analysis
Extra neutral alcohol (ENA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to extra neutral alcohol (ENA) market.
The major players covered in the extra neutral alcohol (ENA) market report areNCP Alcohols (Pty) Ltd.,Mumias Sugar Company,India Glycols Limited, IFB Agro Industries Limited,USA Distillers,Shanker International,The Saswad Mali Sugar Factory Ltd., and GODAVARI BIOREFINERIES LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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