Description
South Africa Extra Neutral Alcohol Market By Application (Potable Alcohol, Flavors & Fragrances, Pharmaceuticals, Cosmetics, and Others); By Raw Material (Grain-Based and Sugarcane-Based) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030.
Product Overview
Extra neutral alcohol is a highly distilled food-grade alcohol which contains almost 96 percent of alcohol per volume. There are various types of alcohol on the market which include grade fuel and grade manufacturing. This alcohol is used for producing alcoholic beverages such as vodka, gin, and rum.
Market Highlights
South Africa Extra Neutral Alcohol Market size was registered at USD XX Billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Growing alcohol consumption, rising disposable incomes, rising club culture in the region’s urban areas, and proliferating clubs, lounges, and bars have given the alcohol industries a boost.
South Africa Extra Neutral Alcohol Market: Segments
South Africa Extra Neutral Alcohol Market is segmented on the basis of raw materials, applications and region.
By Application (in %), South Africa Extra Neutral Alcohol Market, 2019
The portable alcohol segment is anticipated to register XX% of the market share during the forecasted period.
By application, it is categorized into potable alcohol, flavors & fragrances, pharmaceuticals, cosmetics, and others.
Growing alcohol consumption, rising disposable incomes, rising club culture in the region’s urban areas, and proliferating clubs, lounges, and bars have given the portable alcohol segment a boost.
South Africa Extra Neutral Alcohol Market Dynamics:
Growing alcohol consumption and use in various applications to drive the market demand
Growing alcohol consumption, rising disposable incomes, rising club culture in the region’s urban areas, and proliferating clubs, lounges, and bars have given the alcohol industries a boost. Subsequently, the increasingly rising alcohol industry provided a favorable market climate for the extra neutral alcohol industry in the Allies. The rising market preference for branded liquors over country liquors has also helped the extra neutral alcohol industry to expand.
Drug use restrictions and flammable nature of ethanol to hamper the market growth
Implementation of stringent drug use regulations due to increased alcohol misuse in South Africa is expected to hamper the development of this region’s extra-neutral alcohol industry. The government imposes high taxes and stringent laws on alcohol supply, owing to increased drug misuse, which is expected to hamper business growth.
South Africa Extra Neutral Alcohol Market: Regions
In terms of value and volume, South Africa accounted for XX% of total market volume share in 2019
Improved consumer living conditions and an improvement in their disposable incomes are expected to raise demand for premium alcohols, which in turn is expected to drive further growth in the extra-neutral alcohol industry.
South Africa Extra Neutral Alcohol Market: Competitive landscape
Some factors that improve the role in the market of the key players within the extra neutral alcohol market have been the usage of the same in various applications as well as increased demand along with rising market preferences.
South Africa Extra Neutral Alcohol Market: Key players
• Illovo Sugar Ltd.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• NCP Alcohols Ltd.
• USA Distillers
• Agro Chemical and Food Company Limited
• Sasol Solvents
• Mumias Sugar Company
• Tag Solvent Product Ltd.
• Swift Chemicals Ltd.
• Enterprise Ethanol
• Other prominent players
The South Africa Extra Neutral Alcohol Market report also contains analysis on:
• South Africa Extra Neutral Alcohol Market segments: –
• By Raw material:
o Grain based
o Sugarcane based
• By Application:
o Portable alcohol
o Flavors and fragrances
o Pharmaceuticals
o Cosmetics
o others
• South Africa Extra Neutral Alcohol Market dynamics
• South Africa Extra Neutral Alcohol Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
