Kenya Ethanol Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

Kenya Ethanol Market | Country-Wise Share and Competition Analysis

In the year 2021, Uganda  was the largest exporter in terms of value, followed by Mauritius. It has registered a growth of 38.37% over the previous year. While Mauritius registered a decline of -34.45% as compare to the previous year. In the year 2017 Mauritius was the largest exporter followed by India. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Kenya has the Herfindahl index of 2212 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  4316 which signifies high concentration in the market.

Kenya Ethanol Market - Export Market Opportunities

The Kenya Ethanol Market report comprehensively covers the market by types, applications, and regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Kenya Ethanol Market Synopsis

Kenya ethanol market was growing rapidly prior to the COVID-19 outbreak as the country has been witnessing sharp growth in the overall consumption due to urbanization, women employment and industrial growth, hence, the major share of ethanol market was possessed by the food and beverage industry of the country which is one of the major contributor to the Kenyan economy. The year 2020 witnessed disruption in the trend coupled by demand and supply shocks to the ethanol market, resulting in disinfectants gaining the largest share in the demand as the virus was controlled by using alcohol concentrated sanitizers and disinfectants, thereby, ethanol market saw the highest growth in revenue as the demand was coming from all the sectors of the economy including government, commercial, industrial as well as residential applications. However, the interim trend is gradually fading away and disinfectants share would return to the pre-covid levels with a minimal positive change as the consumption pattern returns to normal.

According to 6Wresearch, Kenya Ethanol Market size is anticipated to grow at a CAGR of 15.0% in terms of revenues during 2022-2028. The market would grow rapidly in coming years as the country’s economic structure is in the transition phase and the country is witnessing expansion in the cosmetics and personal care industry, thereby, Kenya would witness exponential growth in the denatured ethanol. Also, the pharma industry of the country would also spur demand for denatured alcohols in industrial solvents, lacquers, anti-infective drugs owing to rising capacity additions in the country such as the Bangladesh’s Square Pharmaceuticals is investing $74 million in Nairobi for setting up of new manufacturing plant along with growing private investment would cause the market to grow rapidly in coming years.

Furthermore, the growing requirements of the power and fuel to support the emerging economy would further strengthen ethanol position in the fuels and fuel additive segments, as Kenya has planned to substitute primary fuels such as wood, coal, LPG and Kerosene with ethanol fuel would increase the revenues in the fuels and fuel additives application of ethanol in the country. Hence, the Kenya Ethanol Cooking fuel masterplan, 2020 for the establishment of the ECF industry in Kenya would serve as a gamechanger for the overall revenue generation potential in the country. 

Market by Purity

Sugarcane is the main crop in western Kenya, and most of the sugar processing plants are situated in and near Kisumu county. The country has gained competence in sugarcane production and thus in the sugar processing over the last century. Hence, molasses present the greater cost efficacy and productivity in relation to its counterparts in the country.

Market by Applications

Owing to the contribution of the beverage sector in the manufacturing of the country, rapidly growing urbanization and increasing disposable incomes, the beverage industry is expected to contribute the most to the ethanol revenues of the country.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• Historical Data Starting from 2018 to 2028.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.

Key Highlights of the Report:

• Kenya Ethanol Market Overview
• Kenya Ethanol Market Outlook
• Kenya Ethanol Market Forecast
• Historical Data and Forecast of Kenya Ethanol Market Revenues and Volume for the Period 2018-2028F
• Historical Data and Forecast of Kenya Ethanol Market Revenues and Volume, By Source Types, for the Period 2018-2028F
• Historical Data and Forecast of Kenya Ethanol Market Revenues and Volume, By Purity, for the Period 2018-2028F
• Historical Data and Forecast of Kenya Ethanol Market Revenues, By Applications, for the Period 2018-2028F
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Drivers and Restraints
• Market Trends and Evolution
• Kenya Ethanol Revenues Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Source Types

• Molasses
• Others (Wheat, Maize, Sugarcane, Roots and Tubers)

By Purity

• Denatured
• Undentaured

By Applications

• Fuel & Fuel Additives
• Disinfectant
• Industrial Solvents
• Personal Care
• Beverages
• Others (Plastic, Paint, and Lacquers)