The need for fermentation ingredients is really big, especially in the pharmaceutical and personal care industries. In medicine, these ingredients are used a lot, particularly for making antibiotics. Also, in personal care products, organic acids made through fermentation are quite popular. These fermentation products are used in a wide range of medicines for various health issues. For example, they're used in medicines for cancer, vaccines, antibiotics for infections, and even treatments for hormonal disorders. This information comes from a source called manufacturingchemist.com.
In the beauty and personal care world, fermentation technology is helping create ingredients that are sustainable, eco-friendly, and certified as organic. People are looking for more natural options in their products. There's a higher demand for alcohols made through fermentation because they're considered more environmentally friendly. Making these bio-based alcohols through fermentation is also cheaper compared to using chemicals from petroleum. This is making companies that make these ingredients want to produce more.
People having more money to spend and changing lifestyles are causing a rise in the sales of alcoholic drinks. This, in turn, is supporting the production of alcohol, particularly through fermentation. The demand for fermentation ingredients has also been high in the food and beverage industry. In things like baking and beverages, companies are using fermentation ingredients to make their products better. This isn't just for taste; it also helps add more nutrition to the food and drinks. That's why there's a higher demand for probiotics, which are good for your gut.
Lastly, there's a growing need for clean fuel, and this is helping the ethanol market. Ethanol, which is a type of alcohol, is in demand because it's used as a clean fuel. It's made through fermentation, and this is another reason why there's a higher demand for fermentation ingredients. People are looking for more sustainable and eco-friendly options, not just in their food and beauty products but also in things like fuel. So, the fermentation ingredients market is growing because it fits into these changing trends and needs in various industries.
Report Attribute/Metric | Details |
---|
Spain fermentation ingredients market is projected to reach USD 1,578 million by the year 2030 with growth rate of 5.8%. Andalusia and Catalonia together holds more than 50% of market share in 2021 as large fermentation ingredients companies are located in Catalonia and Andalusia.
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. On the basis of type, Alcohol (i.e. Ethanol, butanol, BDO and Acetone) and Antibiotics (i.e. Beta-lactam, tetracycline and clavulic acid) fermentation ingredients holds more than 50% market share in the year 2021 as in Spain majority of fermentation ingredients is used for chemical and pharmaceutical application. Amino acid is projected to grow at higher rate during the forecast period.
Polymers and organic acids together holds more than 30% of market share in the year 2021 due to increasing demand of polymer over organic acid in Spain. Liquid form of fermentation ingredients holds more than 55% market share in the year 2021, as in Spain majority of fermentation ingredients such as alcohol and organic acid are produced in the form of liquid. Dry form is projected to grow at higher rate compare to liquid form during the forecast period due to increasing demand of polymer and industrial enzymes from last few years. Increasing awareness about application of fermentation ingredients in personal care and pharmaceutical products is driving the growth of fermentation ingredients market. Rising popularity of food and beverages products made by using fermentation ingredients is boosting the market growth in Spain. Introduction eco-friendly production system from fermentation ingredients manufacturers and advance technologies in fermentation process is also influencing the growth of the market. Rising production of sugar cane, beet, tapioca and corn is playing the major role in the growth of fermentation ingredients market in Spain.
The leading market players in the Spain Fermentation Ingredients market primarily are Archer-Daniels-Midland Co., The Dow Chemical Co, Cargill, Incorporated, E.I. du Pont de Nemours & Co., Evonik Industries AG, Novozymes A/S and 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.
Key Findings
The Spain Fermentation Ingredients market is projected to reach USD 1,578 million by 2030 of 5.8%
In Spain, application of fermentation ingredients in pharmaceutical is growing at higher rate of 3.83%
In Spain., Alcohol fermentation ingredients type holds the major market share for the year 2021
By Type:Alcohol. Amino acid, Antibiotics, Polymer, Vitamins, Enzymes, Organic acid and Others
By Form: Dry, Liquid and Others
By Application:Chemical, Food & beverages, Pharmaceutical, Animal Feed and Others
By Feedstock (Sugar beet, Wheat, Corn and Other)
Regional and State wise Analysis of Spain Fermentation Ingredients Market
The reports also cover region level analysis:
Spain
Andalusia
Catalonia
Madrid
Valencian Community
Rest of Spain
Target Audience
Fermentation Ingredients Manufacturers
Food and beverage Industry
Chemical Industry
Pharmaceutical Industry
Retailers and wholesalers
Traders, importers and exporters
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)