South Africa Extra Neutral Alcohol Market Size, Analysis, Opportunities and Future Prospects 2023
A recent report by KD market insights titled as "South Africa Extra Neutral Alcohol Market Size, Trends &
Opportunity Outlook – Forecast to 2023" provides the key
trends, opportunities and challenges market will face in the forecasted period
of 6 years i.e. 2017-2023. The study also provides the South Africa Extra Neutral Alcohol Market. competitors share
and region wise analysis around the globe.
Extra neutral alcohol
(ENA), also known as absolute alcohol, is a highly concentrated food grade
alcohol, which can be produced from grain, sugarcane, corn, sugar beets, or
other plant material. In Africa, it is majorly produced from sugarcane by
fermentation of sugarcane juice and molasses with yeast, as it is the most
economical process. It contains 96% alcohol by volume, and is majorly used in
the production of potable alcohol. Extra neutral alcohol has a neutral smell
and taste. It is used as a basic alcohol in the production of distilled spirits
such as vodka, whisky, gin, cane, liqueurs, and other alcoholic beverages. The
South Africa extra neutral alcohol market size is expected to reach $1,064
million by the end of 2023.
The growth of the extra
neutral alcohol market is majorly driven by rise in consumption of
alcoholic beverages. In addition, change in lifestyle & preference of
consumers and the perception that consumption of alcohol is relaxing for the
mind have led to increased consumption of alcoholic beverages. Moreover, rapid
urbanization and increase in disposable income have enabled consumers to spend
more on premium alcoholic beverages. Furthermore, change in attitude towards
drinking, western influence, and easy access to alcoholic drinks are other
prominent factors that have increased the consumption of alcohol among youth,
thereby driving the market growth. Thus, increase in global consumption of
alcoholic beverages significantly boosts the growth of the South Africa extra
neutral alcohol industry.
Ethanol is widely used as
an essential ingredient in the manufacturing of several personal care and
cosmetics products such as perfumes, air fresheners, toiletries, hair sprays,
and others. Moreover, it is used as a solvent in the production of some
varnishes, lacquers, paints, and inks for the printing industry. It also finds
applications in pharmaceutical products such as antiseptics, drugs, syrups, and
medicated sprays. Thus, increase in applications of ethanol is further expected
to drive the market growth. Ethanol is a by-product of sugarcane; hence, high
production potential of sugarcane and its by-products in Africa support the
market growth. However, higher excise duties, taxations, and implementation of
stringent trade laws on ethanol hinder the growth of the extra neutral alcohol
market. Furthermore, governments of various countries have drafted strict alcohol
regulations, owing to rise in alcohol abuse in South Africa, which are expected
to restrain the growth of the market in this region. The living conditions in
Africa, mostly in sub-Saharan Africa, are considerably impacted due to
inadequate or limited energy supply. Under such circumstances, production of
biofuels, biopower, and bioproducts using ethanol serves as an ideal option to
meet the energy requirements. Thus, the development of first- or
second-generation biofuels from ethanol is anticipated to provide lucrative
opportunities for the growth of the market in future.
The report segments the
extra neutral alcohol market based on territory. The report analyzes the
production and consumption of ENA in all the states of Southern Africa
Development Community (SADC) and Common Market for Eastern and Southern Africa
(COMESA) and Malawi. COMESA was the largest consumer, accounting for nearly
half of the total consumption in 2016. In addition, the report briefs about
market size, key market trends, growth factors, and opportunities for extra
neutral alcohol in these territories.
Key players profiled in
the report 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.
KEY BENEFITS
- The report provides an
extensive analysis of the current & emerging market trends and
opportunities in the South Africa extra neutral alcohol market.
- The report provides a detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
- The report provides a detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Territory
- Malawi
- Southern African Development Community (SADC)
- Common Market for Eastern and Southern Africa (COMESA)
- Southern African Development Community (SADC)
- Common Market for Eastern and Southern Africa (COMESA)
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with TOC @: https://www.kdmarketinsights.com/product/south-africa-extra-neutral-alcohol-market-amr
Table Of Content:
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET BENEFITS
FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and
models
CHAPTER 2: EXECUTIVE
SUMMARY
2.1. Market snapshot
2.2. CXO perspective
CHAPTER 3: MARKET
OVERVIEW
3.1. Introduction
3.2. KEY FINDINGS
3.2.1. Top impacting
factors
3.2.2. Top investment
pockets
3.3. MARKET DYNAMICS
3.3.1. Drivers
3.3.1.1. High production
potential of sugarcane and its by-product
3.3.1.2. Wide applications
of extra neutral alcohol
3.3.1.3. Increase in
consumption of alcoholic beverages
3.3.2. Restraint
3.3.2.1. Taxations, higher
excise duties, and regulations imposed on ethanol
3.3.3. Opportunity
3.3.3.1. Potential
bioenergy and biomass energy of ethanol
3.4. Porters five forces
model
3.4.1. Bargaining power of
suppliers
3.4.2. Bargaining power of
buyers
3.4.3. Threat of
substitution
3.4.4. Threat of new
entrants
3.4.5. Competitive rivalry
3.5. Manufacturing process
analysis
3.6. Value chain analysis
CHAPTER 4: EXTRA
NEUTRAL ALCOHOL MARKET, BY TERRITORY, 2016-2023 (MILLION LITER, $MILLION)
4.1. Introduction
4.2. Market Size and
Forecast
4.3. Malawi
4.3.1. Key Market Trends,
Growth Factors and Opportunities
4.3.2. Market Size and
Forecast
4.4. Southern Africa
Development Community (SADC)
4.4.1. Key Market Trends,
Growth Factors and Opportunities
4.4.2. Market Size and
Forecast
4.5. Common Market for
Eastern and Southern Africa (COMESA)
4.5.1. Key Market Trends,
Growth Factors and Opportunities
4.5.2. Market Size and
Forecast
CHAPTER 5: REGULATORY
ANALYSIS OF EXTRA NEUTRAL ALCOHOL
5.1. Introduction
5.2. Key Regulations
Governing Trade of Extra Neutral Alcohol
5.2.1. Malawi
5.2.2. SADC AND COMESA
CHAPTER 6: PRODUCT
QUALITY REQUIREMENT FOR EXTRA NEUTRAL ALCOHOL
6.1. Introduction
6.2. Product quality
requirements for extra neutral alcohol
6.2.1. ETHYL
ALCOHOL/ETHANOL-CAS (ANHYDROUS) ENA (M) GRADE
6.2.2. ETHYL
ALCOHOL/ETHANOL-CAS [64-17-5] (ANHYDROUS) INDUSTRIAL GRADE
6.2.3. ETHYL
ALCOHOL/ETHANOL-CAS (ANHYDROUS) PHARMA GRADE
6.2.4. ETHYL
ALCOHOL/ETHANOL-CAS (HYDROUS) ENA (M) GRADE
6.2.5. ETHYL
ALCOHOL/ETHANOL-CAS (HYDROUS) POTABLE GRADE
6.3. Product quality
requirements for extra neutral alcohol based products
6.3.1. ETHYL
ALCOHOL/ETHANOL-CAS [64-17-5] (HYDROUS) INDUSTRIAL GRADE
6.3.2. ETHYL
ALCOHOL/ETHANOL-CAS (HYDROUS) PHARMA GRADE
6.3.3. ETHYL
ALCOHOL/ETHANOL-CAS (HYDROUS) NEUTRAL GRADE
6.3.4. MIXED INDUSTRIAL
SOLVENT EA/IPA (85% ETHYL ALCOHOL & 15% OF OTHER SOLVENTS)
6.3.5. ETHYL
ALCOHOL/ETHANOL-CAS (HYDROUS) PERFUMERY GRADE
6.3.6. ETHYL
ALCOHOL/ETHANOL-CAS (HYDROUS) SPECIAL GRADE TO MEET EP/BP/USP/IP
6.3.7. ETHYL
ALCOHOL/ETHANOL-CAS (ANHYDROUS) SPECIAL GRADE TO MEET EP/BP/USP/IP
CHAPTER 7: PRICE TREND
ANALYSIS & PRICING STRUCTURE
7.1. Introduction
7.2. Price trend analysis
for extra neutral alcohol
7.2.1. Suppliers
7.2.2. Customers
7.3. Pricing structure for
extra neutral alcohol
7.4. Price trend analysis
for extra neutral alcohol-based products
7.4.1. Suppliers
7.4.2. Customers
7.5. Pricing structure for
extra neutral alcohol-based products
CHAPTER 8: MARKETING
STRATEGY
8.1. Marketing strategy by
industry players
8.1.1. Malawi
8.1.2. SADC
8.1.3. COMESA
8.2. Marketing and
promotional channels for Ethco and Presscane Limited
8.2.1. Malawi
8.2.2. SADC and COMESA
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