Global Extra Neutral Alcohol (ENA) Market to Grow at a CAGR of 6.3% During 2024-2032, Driven by Rising Demand for Alcoholic Beverages and Premium Perfumes

Extra Neutral Alcohol (ENA) finds use in the food and beverage sector to produce vinegar and apple cider. It is also used as a solvent for flavouring. Also, ENA finds use in the cosmetics and beauty sector as a preservative for perfume, hair spray, and lotions. The rising disposable income is increasing the demand for cosmetic products and luxury perfumes. The aspiration of owning luxury personal care products is a key factor influencing the extra neutral alcohol (ENA) market growth.

In the pharmaceutical market, ENA is used to make drugs, antiseptics, and vaccines. The rising instance of chronic diseases aids the growth of the pharmaceutical sector. Besides the major end use sectors for ENA, its application is also increasing as a solvent for cleaning products, and to produce varnish, paint, and lacquers in the construction sector. The rising demand for residential and commercial construction supports the demand for paints and varnishes and, in turn, aids the market.

The prominent consumers of ENA in alcoholic beverages include Constellation Brands, Inc. (NYSE: STZ), The Boston Beer Company, Inc. (NYSE:SAM), and MGP Ingredients Inc (NASDAQ: MGPI). Extra neutral alcohol is used as a base ingredient for spirits and alcoholic beverages such as whisky, vodka or gin. The trend of premiumisation of alcoholic beverages, along with the prevalence of pubs and bars is expected to aid the market for alcoholic beverages and ENA.

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Market Breakup by Raw Material, End Use, and Region:

• The market is segmented based on raw material into grain based, sugarcane based, and others.

• By end use, the market is segmented into alcoholic beverages, flavours and fragrances, pharmaceuticals, cosmetics, and others.

• Region-wise, the global extra neutral alcohol (ENA) market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising demand for alcoholic beverages is driven by a growing working population with rising disposable income, the prevalence of bars, and an expanding tourism and hotel sector, which contributes to the demand for ENA for producing alcoholic beverages.

• As consumers increasingly focus on personal grooming and self-expression, there is a rising demand for perfumes that reflect their personality and create a memorable sensory experience, driving the use of ENA in fragrance applications.

• In the pharmaceutical market, ENA is consumed in the production of drugs, vaccines, and other products. The demand for pharmaceuticals is growing to treat age-related and chronic diseases.

• The key raw materials for ENA, such as sugarcane molasses or grains, like corn, rye, rice, wheat, and barley are widely available. The easy availability of raw materials aids ENA production.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for extra neutral alcohol (ENA) for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the raw material, end use, and major regions of extra neutral alcohol (ENA).

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the extra neutral alcohol (ENA) market are Illovo Sugar Africa (Pty) Ltd., NCP Alcohols (Pty) Ltd., Godavari Biorefineries Ltd, and India Glycols Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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