Spain Fermentation Ingredients Market is projected to grow at a CAGR over 3.46% post 2023

May 29, 2017, Pune, India, / Market Research Future published a cooked research report on Spain Fermentation Ingredients market which is estimated to grow more than 3.46% after 2023.

Market Introduction
Spain Fermentation ingredients market is projected to reach USD 1,530 million by the year 2023 with growth rate of 3.46%. Spain is the third major country for production of fermentation ingredients for chemical and pharmaceuticals application which is supporting the growth of the market in Spain. Madrid will witness higher growth rate during the forecast period. Key players in the Spain fermentation ingredients market are looking forward to increase their investment in product innovation in order to expand their operations to newer markets. These companies are also focusing on research and development activities to gain competitive edge in the market. Key players from developed countries are focusing on their expansion in Spain due to availability of resources and huge opportunities to expand their business in Spain and other European region.  

Market Forecast
Major polymer fermentation ingredients produced in Spain includes Xanthan and PHP. In terms of antibiotic ingredients market, Andalusia and Catalonia together holds around 50% of market in the year 2017. Antibiotics fermentation ingredient market in Madrid is growing at higher rate compare to other regions as major polymer producer are located in Madrid. Liquid form of fermentation ingredients holds more than 55% market share in the year 2017 as in Spain majority of fermentation ingredients such as alcohol and organic acid are produced in liquid form. Dry form is projected to grow at higher rate during the forecast period. Increasing awareness about application of fermentation ingredients in chemical and pharmaceutical products is driving the growth of fermentation ingredients market in Spain.

 By Application analysis-
Fermentation ingredients are majorly used in food and beverages industries to increase food quality and nutritional value of products. Fermentation ingredients also used to for converting carbohydrates into alcohol or organic acids using microorganism under anaerobic conditions. In Spain, chemical along with food and beverages application holds more than 60% market share in the year 2017 as in Andalusia majority of fermentation ingredients are produced to make various chemical products. Pharmaceutical application of fermentation ingredients is projected to reach at higher rate of during the forecast period. Pharmaceutical and animal feed together holds more than 30% of market share in the year 2017 due to increasing demand of fermentation ingredients in pharmaceutical sector.

Competitive analysis-

The major key players in Spain Fermentation Ingredients market are

• Archer-Daniels-Midland Co


• The Dow Chemical Co


• Cargill, Incorporated


• I. du Pont de Nemours & Co


• Evonik Industries AG


• Novozymes A/S


• 
  Uquifa 

Key players are focusing on expansion of their fermentation ingredient business. From six years, strategy of product launch and expansion of the fermentation ingredients business together holds around 50% of strategy share by key players. Acquisitions and agreement are two main factors which are contributing more than 40% of strategy share as it helping company to enhance their fermentation ingredients production capacity and to capture more market share in Spain and other regions in Europe.

Regional Analysis

Andalusia and Catalonia together holds more than 50% of market share in 2017. Madrid will witness higher growth rate during the forecast period due to availability of resources and major fermentation ingredients companies are located in Madrid and Andalusia. Madrid and Valencian Community together holds more than 35% of market share in year 2017. Fermentation ingredients market in Valencian Community is growing at moderate rate of during the forecast period which will influence the growth of other regions (province) from Spain.

Market Segmentation-

Spain Fermentation Ingredients market is segmented by type which includes Alcohol. Amino acid, Antibiotics, Polymer, Vitamins, Enzymes, Organic acid and Others

Spain Fermentation Ingredients market is segmented by form which includes dry, liquid and others

Spain Fermentation Ingredients market is segmented by application which includes Chemical, Food & beverages, Pharmaceutical, Animal Feed and Others

Spain Fermentation Ingredients market is segmented by feedstock which includes Sugar beet, Wheat, Corn and Other 

ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/spain-fermentation-ingredients-market-2984

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