South Africa Extra Neutral Alcohol Market Expected to Reach ,064 Mn by 2023
Posted by pooja on June 3rd, 2019
Rise in youth population and increase in western influence on them have led to increased consumption of alcoholic beverages, thus fueling the demand for extra neutral alcohol. High excise duties, taxations, and stringent trade laws have been imposed on ethanol in the recent years, which are expected to hinder the growth of the extra Neutral Alcohol Market.
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 1 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.
Access Full Summary at: https://www.alliedmarketresearch.com/south-africa-extra-neutral-alcohol-marke
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.
Major players in the South Africa extra neutral alcohol market are 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.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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About the Authorpooja
Joined: May 29th, 2019
Articles Posted: 84
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