According to a new report published by Allied Market
Research titled, South Africa Extra Neutral Alcohol Market by Territory:
Opportunity Analysis and Industry Forecast, 2017-2023," the
South Africa Extra Neutral Alcohol market size was $711 million in 2017, and is
expected to reach $ 1,064 million by 2023, registering a CAGR of 7.0% from 2017
to 2023. The Common Market for Eastern and Southern Africa (COMESA) dominated
the South Africa extra neutral alcohol market in 2017, accounting for
approximately half of the total revenue.
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Extra neutral alcohol (ENA), also known as absolute
alcohol, is a food grade alcohol, which is colorless and has a neutral smell
and taste. It is largely produced using grain and molasses as the raw
materials. ENA plants are usually based on the principles of
multi-pressure-cascading techniques, and the process control is done by digital
distributed control system. Extra neutral alcohol is used in the production of
potable alcohols. In addition, it finds a wide range of applications in
cosmetics and pharmaceuticals industries. In the pharmaceutical industry, extra
neutral alcohol is a prime carrier for a whole spectrum of medicines, and is
therefore used for processing a wide range of drugs. In the flavors and
fragrance industry, dilute ethanol is used to produce distilled vinegar, flavor
extracts, and concentrates for soft drinks and food products.
The growth of the extra neutral alcohol market is
expected to be driven by increase in consumption of alcoholic beverages during
the forecast period. Improved standard of living of consumers and increase in
their disposable incomes are expected to boost the demand for premium alcohols,
which in turn is anticipated to fuel the growth of the extra neutral alcohol
market in future. Implementation of stringent regulations on alcohol use, owing
to rise in alcohol abuse in South Africa is anticipated to hamper the growth of
the extra neutral alcohol industry in this region. However, the development of
first- or second-generation biofuels from ethanol is projected to create new
opportunities for the market players.
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Key findings of the South Africa Extra Neutral
Alcohol Market:
- In
terms of value, the Southern Africa Development Community (SADC) region is
expected to grow at a CAGR of 7.3% during the forecast period.
- COMESA
is expected to dominate the market, registering highest CAGR of 6.3% in
terms of value.
- Malawi
is projected to show exponential growth in demand throughout 2023, growing
at a CAGR of 8.7%, in terms of value.
The key players operating in the extra neutral
alcohol market include Illovo Sugar (Pty) Ltd., NCP Alcohols (Pty) Ltd., USA
Distillers, Agro Chemical and Food Company Limited (ACFC), Sasol Solvents,
Mumias Sugar Company, Tag Solvent Products (Pty) Ltd., Swift Chemicals (Pty)
Ltd., Enterprise Ethanol, and Greenpoint Alcohols (Pty) Ltd. These players have
adopted the strategy of having multiple manufacturing units across various
countries, thus, leading to easy distribution of extra neutral alcohol.
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Summary @ https://www.alliedmarketresearch.com/south-africa-extra-neutral-alcohol-market
About Us
Allied Market
Research (AMR) is a market research and business-consulting firm of Allied
Analytics LLP, based in Portland, Oregon. AMR offers market research reports,
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verticals. Adopting extensive research methodologies, AMR is instrumental in
helping its clients to make strategic business decisions and achieve
sustainable growth in their market domains. We are equipped with skilled
analysts and experts, and have a wide experience of working with many Fortune
500 companies and small & medium enterprises.
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