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Extra Neutral Alcohol (ENA) Market 2022 Overview, Size, Growth, Competitive Breakdown And Regional Forecast To 2030

The Extra Neutral Alcohol (ENA) Market size was US$ $ Extra Neutral Alcohol (ENA) Market $$billion in 2020. The Extra Neutral Alcohol (ENA) Market is forecast to reach the value of US$ $$$billion by 2030 by growing at a compound annual growth rate (CAGR) of $$% during the forecast period from 2021-2030.

The global fast-moving consumer goods (FMCG) market has been witnessing abrupt changes in consumer choices. The demand for a diverse variety and new arrivals of products has been increasing regular basis. Be it food and beverage, personal care, home care, or healthcare, the demand of varied products from consumers are creating significant growth opportunities for the market players.

The Food and beverage sector has always been in demand. Consumer awareness related to safe and healthy products has been increasing. Apart from that, growing concerns over health and fitness are forecast to fuel the growth of the global market.

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Trends like development of new supermarkets and hypermarkets are forecast to create favorable opportunities. Moreover, rising disposable income and growing demand for advanced one-stop solutions would further expand the industrial growth in the coming years.

The value of Food and beverage sector is forecast to reach US$ 18.5 billion by the end of the year 2028, and is anticipated to grow at a CAGR of 4.9% in the forecast period. Of all the regions, North America is dominating the entire FMCG sector and is forecast to hold the largest market share during the study period. North America Food and beverage sector is growing significantly owing to change in lifestyles, growing number of supermarkets, and rising urban population. Moreover, the Asia-Pacific is forecast to record the CAGR of 7.8%, because of changing lifestyles, increasing urbanization, and rising employment rate. Apart from that, increasing focus of companies and organizations towards R&D and new product launches would further boost the popularity of FMCG domain and escalate the regional growth of the market.

Extra Neutral Alcohol (ENA) is the purest version of alcohol. ENA alcohol is made from different raw materials such as sugarcane molasses or grains. It has a neutral smell and taste, and typically contains over 95 per cent alcohol by volume. The increasing demand for alcoholic beverages is driving the growth for the extra neutral alcohol market. According to the NCBI, in 2020, a 54% increase in national sales of alcohol for the week ending March 21, 2020, compared with 1 year before; online sales increased 262% from 2019. Also, increase in club and restaurants culture in the urban area around the world is likely to offer a variety of growth opportunity in the extra neutral alcohol market. However, price fluctuation in the raw material and the side effects of the product are likely to restrain the market growth for the forecasted period.

The key regions considered for the global Extra Neutral Alcohol (ENA) market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing due to the strong presence of extra neutral alcohol. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income and rising the alcohol industry in the region would create lucrative growth prospects for the Extra Neutral Alcohol (ENA) market across Asia-Pacific region.

Major market player included in this report are:

NCP Alcohols (Pty) Ltd.

Mumias Sugar Company

India Glycols Limited

IFB Agro Industries Limited

USA Distillers

Shanker International

The Saswad Mali Sugar Factory Ltd.

GODAVARI BIOREFINERIES LTD.

Swift Chemicals

Greenpoint Alcohols

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Raw Material:

Grain-Based

Sugarcane-Based

By Application:

Potable Alcohol

Flavors and Fragrances

Pharmaceuticals

Electronics

Printing

Cosmetics

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Extra Neutral Alcohol (ENA) Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

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What is the aim of the report?

  • Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyses growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
  • Based on what factors are the key market players assessed in this report?
  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Players
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
  • the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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