South Africa Extra Neutral Alcohol Market Analysis, Status and Global Outlook 2020 to 2030

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. Extra neutral alcohol is produced by fermenting molasses or grains of sugar cane with yeast and distilled several times to produce colorless and odorless alcohol. Owing to higher disposable incomes, alcohol use is becoming more widespread, shifting people’s attitude towards drinking; and drinking becoming socially acceptable.

South Africa Extra Neutral Alcohol Market size was registered at USD Billion in 2019 and is estimated to reach USD billion by 2030, registering a CAGR 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. 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. Furthermore, the use of extra neutral alcohol as a volatile fragrance and solvent carrier has contributed to their use in perfumes and sprays in the cosmetic and personal care market.

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South Africa Extra Neutral Alcohol Market: Key players

  • Illovo Sugar Ltd.
  • 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

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 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.

By Raw Material(in %), South Africa Extra Neutral Alcohol Market, 2019

Sugarcane based segment accounted of the nation’s volume in 2019

The raw material segment can be classified into grain-based and sugarcane-based. Rum is made by using the byproducts of sugarcane or sugarcane juice directly and is then distilled. The liquid is then aged in barrels and then sold. The sugarcane-based segment is expected to dominate the raw material segment due to the high demand for alcohol as well as its increasing market preference. The region segment can be further divided into five major types including North Africa, South Africa, East Africa and West Africa.

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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. Furthermore, the use of extra neutral alcohol as a volatile fragrance and solvent carriers has contributed to their use in perfumes and sprays in the cosmetic and personal care market. Additionally, the widespread use of extra neutral alcohol in various consumer goods such as air fresheners, colognes, detergents, syrups, etc. is expected to drive the extra neutral alcohol in the forecast period.

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The South Africa Extra Neutral Alcohol Market report also contains analysis on:

South Africa Extra Neutral Alcohol Market segments: –

  • By Raw material:
    • Grain-based
    • Sugarcane based
  • By Application:
    • Portable alcohol
    • Flavors and fragrances
    • Pharmaceuticals
    • Cosmetics
    • others

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