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India Extra Neutral Alcohol (ENA) Market Expected to Grow at a CAGR of 5% during 2021-2026, Driven by the Growing Production of Alcoholic Beverages and the Increasing Demand in the Major End Use Industries

According to a new report by EMR titled, 'India Extra Neutral Alcohol (ENA) Market Report and Forecast 2021-2026', the market attained a volume of nearly 3.13 billion litre in 2020. It is further expected to grow at a CAGR of 5% in the forecast period of 2021-2026.

The alcohol companies have benefited from rising alcohol intake, rising disposable incomes, the growth of party culture in metropolitan areas across the country, and the explosion of pubs, lounges, and bars. As a result of the increasingly rising beer industry, the associated extra-neutral alcohol industry now has a favourable market climate. The extra neutral alcohol industry has grown in response to the increasing market demand for labelled liquors over country liquors. Extra neutral alcohol's use as a carrier of fragrances and solvents in the cosmetic and personal care industries has contributed to its use in perfumes and sprays. Furthermore, the growing sales of cosmetics and personal care products through online platforms like Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group Holding Ltd (NYSE: BABA) are also contributing to the industry growth. 

The market growth is boosted by the growing competition among the key industry players, such as India Glycols Limited (NSE: INDIAGLYCO), Triveni Engineering & Industries Ltd, and others. India Glycols' Uttarakhand unit is considered one of the most efficient distilleries in India, producing the finest quality extra neutral alcohol (ENA), with a capacity of 20 million litres per annum. The growing disposable incomes and the wide range of applications are expected to bolster the growth rate of the extra neutral alcohol market during the forecast period.

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

  • On the basis of raw material, the extra neutral alcohol industry is divided into grain based, sugarcane based, and others.
  • In terms of end use, the market is segmented into alcoholic beverages, flavours and fragrances, pharmaceuticals, cosmetics, and others. 
  • Regionally, the market is divided into Punjab, Maharashtra, Madhya Pradesh, Uttar Pradesh, Karnataka, Andhra Pradesh and Telangana, Tamil Nadu, Haryana, West Bengal, and others.

Key Findings of the Report:

  • The wide range of applications in end use industries are bolstering the market growth of extra neutral alcohol.
  • The advancements in technology and machinery are helping to enhance production, thereby bolstering the growth of the industry.
  • The market growth is also boosted by the increasing demand for alcoholic beverages. 
  • Rising demand for manufacturing of potable alcohol is forecasted to propel the market growth of extra neutral alcohol. 

Key Offerings of the Report:

  • The EMR report gives an overview of the India market for extra neutral alcohol for the periods (2016-2020) and (2021-2026).       
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the raw materials, end uses, and major regions of extra neutral alcohol.
  • 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.

India Glycols Limited, Triveni Engineering & Industries Ltd., Dhampur International Pte. Ltd., and Privilege Industries Ltd., among others are the major players in the India extra neutral alcohol (ENA) market. 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.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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