Press Release
Press Release
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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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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Raw Material |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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