Press Release

Jul, 25 2024

Growing in Pharmaceutical Industry is driving the Growth of Global Extra Neutral Alcohol (ENA) Market

Extra Neutral Alcohol (ENA) is a high-purity alcohol with at least 96% ethanol content. It is free from impurities and has a neutral smell and taste. ENA is commonly used in the production of alcoholic beverages like vodka, gin, and liqueurs. It also has applications in the pharmaceutical industry for making medicines and sanitizers, the cosmetic industry for perfumes and deodorants, and the chemical industry as a solvent. Additionally, ENA is used in the food industry for flavor extracts and in the production of vinegar.

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Data Bridge Market Research analyses that the Global Extra Neutral Alcohol (ENA) Market is expected to reach USD 14.74 billion by 20233 from USD 7.45 billion in 2023, growing with CAGR of 7.13% during forecast period of 2024-2033.

Key Findings of the Study

Extra Neutral Alcohol (ENA) Market

Expansion in Various Industrial Applications of ENA

The expansion in various industrial applications of extra-neutral alcohol (ENA) is significantly driving the ENA market. One major area of growth is the beverage industry, where ENA is a crucial component in the production of high-quality spirits such as vodka, gin, and other distilled beverages. Its high purity and neutral taste make it an ideal base for these products, leading to increased demand. As consumer preferences lean towards premium and craft alcoholic beverages, the need for ENA has surged, contributing to market growth.

In the personal care and cosmetics industry, ENA is widely used as a solvent and preservative in products such as perfumes, deodorants, and other grooming items. The alcohol's ability to dissolve essential oils and fragrances effectively makes it a valuable ingredient in these formulations. With a growing focus on personal hygiene and grooming, there is a heightened demand for personal care products, which in turn boosts the demand for ENA. Moreover, the trend towards natural and organic cosmetics, where ENA derived from natural sources is preferred, further propels the market.

The indispensable use in the beverage, personal care, cosmetics, sanitizer, food, and chemical industries highlights its versatility and essentiality. The demand for high-quality spirits, personal hygiene products, processed foods, and industrial chemicals continues to rise, further propelling the market for ENA.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2033

Base Year

2023

Historic Years

2022  (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Billion

Segments Covered

Raw Material (Grain-Based, Sugarcane-Based, Fruit Based, and Others), Purity (95%-98%, 98%-99%, and More than 99%), Application (Potable Alcohol, Pharmaceuticals, Flavors & Fragrances, Cosmetics & Personal Care, and Others)

Countries Covered

China, India, Japan, South Korea, Australia & New Zealand, Thailand, Indonesia, Singapore, Malaysia, Philippines, Rest of Asia-Pacific, U.S., Canada, Mexico, Germany, France, U.K., Russia, Italy, Spain, Netherlands, Belgium, Switzerland, Turkey, Luxemburg, Rest of Europe, Brazil, Argentina, Rest of South America, South Africa, United Arab Emirates, Israel, Egypt, Saudi Arabia, Rest of Middle East and Africa

Market Players Covered

TEREOS PARTICIPATIONS (France), kakirasugar (Uganda), Cargill, Incorporated (U.S.), Radico Khaitan Limited. (India), BCL INDUSTRIES LTD (India), NSL Sugar (India), Tandlianwala Sugar Mills Ltd. (Pakistan), Gulshan Polyols Ltd. (India), Associated British Foods plc (U.K.), Dhampur Bio Organics Limited (India), Hunza Sugar Mills (Pvt.) Limited (Pakistan), IFB Agro Industries Limited. (India), Radical Bio Organics Limited (India), PRO INDUSTRIES PTE LTD (Subsidiary of Oswal Group Global) (Uganda), Agro-Chemical and Food Company Limited (ACFC) (Kenya), New Phaltan (India), Baramati Agro (India), Vitthal Corporation Ltd. (India), Pioneer Industries Private Limited (India), SHIKHA PACKAGING INDIA PVT LTD (India), and The Boudh Distillery Pvt. Ltd. (India)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis

The global Extra Neutral Alcohol (ENA) market is segmented into three notable segments based on raw material, purity, and application.

  • On the basis of raw material, the market is segmented into grain-based, sugarcane-based, fruit-based, and others

In 2024, the grain-based segment is expected to dominate the Global Extra Neutral Alcohol (ENA) Market

In 2024, the grain-based segment is expected to dominate the market with a market share of 46.95% because grains like corn, wheat, and barley are widely available and cost-effective. Grains provide a high yield of ethanol and produce a cleaner, more neutral-tasting alcohol compared to other sources.

  • On the basis of purity, the market is segmented into 95%-98%, 98%-99%, and more than 99%

In 2024, the 95%-98% segment is expected to dominate the Global Extra Neutral Alcohol (ENA) Market

In 2024, the 95%-98% segment is expected to dominate the market with a 42.74% market as it meets the required standards for most alcoholic beverages, pharmaceuticals, and industrial applications.

  • On the basis of application, the market is segmented into potable alcohol, pharmaceuticals, flavors & fragrances, cosmetics & personal care, and others. In 2024, the potable alcohol segment is expected to dominate with a market share of 61.48%

Major Players

Data Bridge Market Research analyzes TEREOS PARTICIPATIONS (France), kakirasugar (Uganda), Cargill, Incorporated (U.S.), Radico Khaitan Limited. (India), BCL INDUSTRIES LTD (India) as the major players in global Extra Neutral Alcohol (ENA) market.

Extra Neutral Alcohol (ENA) Market

Market Developments

  • In June 2024, Radico Khaitan Limited launched Rampur Asava Indian Single Malt Whisky in India, expanding from its successful international markets to states like Uttar Pradesh initially. Priced at USD 120 the rollout will extend to key states and include the canteen store department. This move diversifies Radico Khaitan's product offerings, leveraging their expertise in the extra neutral alcohol market to enhance brand reputation and market presence domestically
  • In June 2024, Associated British Foods plc subsidiary ILLOVO sugar Africa have partnered with oyota Wessels Institute for Manufacturing Studies (TWIMS) to drive African industrialisation, has also become a key contributor to functional and leadership development within our business. With this partnership, the company can provide various program & short courses for executives to enhance their skills to respond effectively to emerging trends and disruptions across the market
  • In May 2024, Associated British Foods plc subsidiary ILLOVO sugar Africa have become becomes first within the African sugar industry, and one of few corporates across the continent to create a social development directorate at executive level. This will help the company to expand their footprint across the market
  • In April 2024, Gulshan Polyols Ltd. successfully commissioned a 500 KLPD grain-based ethanol plant in Borgaon, Madhya Pradesh, one of India's largest units. Working with fermentation experts and utilizing Ethanol Red, they enhanced fermentation efficiency and improved key performance indicators. This expansion solidifies Gulshan Polyols Ltd leadership in industrial ethanol production and demonstrates their commitment to sustainability
  • In September 2023, BCL Industries is going to expand its distilleries’ capacity to 850 kilo litre per day (KLPD) in upcoming two years in order to meet the growing market demand. Thus, through this expansion, the company will become a forward and backwards integrated distillery-Ethanol Industry plant

Regional Analysis

Geographically, the countries covered in the global extra neutral alcohol market report are China, India, Japan, South Korea, Australia & New Zealand, Thailand, Indonesia, Singapore, Malaysia, Philippines, rest of Asia-Pacific, U.S., Canada, Mexico, Germany, France, U.K., Russia, Italy, Spain, Netherlands, Belgium, Switzerland, Turkey, Luxemburg, rest of Europe, Brazil, Argentina, rest of South America, South Africa, United Arab Emirates, Israel, Egypt, Saudi Arabia, and rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

Asia-Pacific is expected to be dominant and fastest growing region in Global Extra Neutral Alcohol (ENA) Market

Asia-Pacific is expected to dominate the market due to its large population, increasing alcohol consumption, and growing pharmaceutical and cosmetic industries.

For more detailed information about the global Extra Neutral Alcohol (ENA) market report, click here – https://www.databridgemarketresearch.com/fr/reports/global-extra-neutral-alcohol-ena-market


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