Brazil ethanol is a biofuel produced from sugar cane. It is used as a gasoline additive or replacement to reduce fossil fuel usage and greenhouse gas emissions. Ethanol fuel provides good mileage and performance equivalent to gasoline. The Brazilian government has implemented policies promoting ethanol usage to curb oil import dependency and meet climate targets. Tax incentives are provided for flex-fuel vehicles capable of running on any ethanol-gasoline blend. The global Brazil ethanol market is estimated to be valued at US$ 18.18 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Government support for the production and use of ethanol fuel in Brazil has been a major driver of market growth over the past decade. The country aims to reduce dependence on imported petroleum by increasing the blending ratio of ethanol in gasoline. Subsidies are provided to flex-fuel vehicle owners and ethanol producers to encourage adoption. The national program RenovaBio was launched in 2020 with an objective of achieving carbon neutrality in the ethanol industry by 2030. Mandatory blending targets and carbon credits for low-carbon biofuels are integral to this program. As a result of supportive policies, ethanol production and consumption in Brazil has increased steadily leading to greater energy security and emissions reductions for the transportation sector.
Segment Analysis
The Brazil ethanol market is segmented into hydrous ethanol and anhydrous ethanol. Among these, the hydrous ethanol segment dominates the market and accounted for over 75% share in 2023. Hydrous ethanol finds widespread application in charcoal production and is widely used as fuel for vehicles in Brazil. It remains the preferred choice among consumers due to its lower price as compared to anhydrous ethanol.
Key Takeaways
The global Brazil ethanol market demand is expected to witness high growth over the forecast period. Regional analysis related content comprises Brazil dominates the global ethanol market accounting for over 30% of the global production. It is the second largest producer of ethanol globally after the United States. The country enjoys favorable conditions for sugarcane cultivation and has abundant availability of arable land and water which has supported the growth of the ethanol industry.
Key players related content comprises Key players operating in the Brazil ethanol market are TestoFuel., GNC Holdings, LLC, SMPNutra.com, Hybrid Nutraceutical, VH Nutrition LLC, Roar Ambition Ltd, Ultra Testo Rush, EVLUTION NUTRITION, Zoic Pharmaceuticals., Uniraylifesciences, BL Bio Lab LLC, and Nutritjet.com.
The global Brazil ethanol market is expected to witness high growth over the forecast period owing to growing demand for eco-friendly fuels and increasing adoption of flex-fuel vehicles. Brazil dominates the global ethanol market accounting for over 30% of the global production. It is the second largest producer of ethanol globally after the United States. The country enjoys favorable conditions for sugarcane cultivation and has abundant availability of arable land and water which has supported the steady growth of its ethanol industry. Key players operating in the Brazil ethanol market are TestoFuel., GNC Holdings, LLC, SMPNutra.com, Hybrid Nutraceutical, VH Nutrition LLC, Roar Ambition Ltd, Ultra Testo Rush, EVLUTION NUTRITION, Zoic Pharmaceuticals., Uniraylifesciences, BL Bio Lab LLC, and Nutritjet.com
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