Spain Fermentation Ingredients Industry is Expected to grow at a CAGR over 3.46% Forecast 2023

Market Research Future.com add new report of “Spain Fermentation Ingredients Market Research Report- Forecast to 2023” it contains Company information, geographical data and Table of Content

Spain Fermentation Ingredients Market Information- 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) and by Feedstock (Sugar beet, Wheat, Corn and Other) and by Province Forecast to 2023

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.   

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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.

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.

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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.

 Key Findings

  • The Spain Fermentation Ingredients market is projected to reach USD 1,530 million by 2023 of 3.46%
  • 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 2017 

Regional and State wise Analysis of Spain Fermentation Ingredients market Development and Demand Forecast to 2023 Market

The reports also cover region level analysis:

Spain 

  • Andalusia
  • Catalonia
  • Madrid
  • Valencian Community
  • Rest of Spain

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Table of Contents

1    Acronyms    10

2    Executive Summary    11

3    Introduction    12

3.1    Scope of the Study    12

3.1.1    Research Objective    12

3.1.2    Assumptions    12

3.1.3    Limitations    12

3.2    Market Structure    12

4    Research Methodology    14

4.1    Introduction    14

4.2    Primary Research    15

5    Secondary Research    16

6    Market Dynamics    17

6.1    Introduction    17

6.1.1    Drivers    17

6.1.1.1    Diverse Industrial Applications Including Pharma and Personal Care Products    17

6.1.1.2    Growing Demand from Alcohol Industry    18

6.1.1.3    Strong food & biofuel demand    18

6.1.2    Restraints    18

6.1.2.1    Weather Uncertainties resulting in fluctuations in raw material production    18

6.1.2.2    High Risks due to Large Quantities of Ethanol which is Flammable    18

6.1.2.3    High Operating Risks    18

7    Market Trends    20

7.1    Macroeconomic Indicator Analysis for Spain Market    20

7.1.1    Pestle analysis-Spain    20

7.2    Technology Innovation & Research Road Map    21

8    Market Factor Analysis    22

8.1    Introduction    22

8.2    Value Chain Analysis    22

8.3    Supply Chain Analysis    23

8.4    Porter’s Five Forces    23

8.4.1    Bargaining Power of Suppliers    24

8.4.2    Threat of New Entrants    24

8.4.3    Bargaining Power of Buyers    24

8.4.4    Threat of Substitutes    24

8.4.5    Competitive Rivalry Between Existing Players    25

9    Spain Fermentation Ingredients Market Overview    26

9.1    Spain Fermentation Ingredients Market, by Province (2016-2023), USD Million    26

9.2    Spain Fermentation Ingredients Market, by Type (2016-2023), USD Million    27

9.3    Spain Fermentation Ingredients Market, by From (2016-2023), USD Million    27

9.4    Spain Fermentation Ingredients Market, by Application (2016-2023), USD Million    28

9.5    Spain Fermentation Ingredients Market, by Feedstock (2016-2023), USD Million    28

10    Spain Fermentation Market, By Type    29

10.1    Spain Fermentation Ingredients Market, by Type (2016-2023), USD Million    29

10.2    Spain Fermentation Ingredients Market, Alcohol, by Province (2016-2023),  USD Million    30

10.3    Spain Fermentation Ingredients Market, Amino Acid, by Province (2016-2023),  USD Million    30

10.4    Spain Fermentation Ingredients Market, Antibiotics, by Province (2016-2023), USD Million    30

10.5    Spain Fermentation Ingredients Market, Polymer, by Province (2016-2023),  USD Million    32

10.6    Spain Fermentation Ingredients Market, Vitamins, by Province (2016-2023), USD Million    32

10.7    Spain Fermentation Ingredients Market, Industrial Enzymes, by Province (2016-2023), USD Million    33

10.8    Spain Fermentation Ingredients Market, Organic Acid, by Province (2016-2023), USD Million    33

10.9    Spain Fermentation Ingredients Market, Other Types, by Province (2016-2023), USD Million    34

11    Spain Fermentation Ingredients Market, By Form    35

11.1    Spain Fermentation Ingredients Market, By From (2016-2023), USD Million    35

11.2    Spain Fermentation Ingredients Market, Dry From, by Province (2016-2023),  USD Million    35

11.3    Spain Fermentation Ingredients Market, Liquid From, by Province (2016-2023), USD Million    36

11.4    Spain Fermentation Ingredients Market, Other From, by Province (2016-2023), USD Million    37

12    Spain Fermentation Ingredients Market-By Application    38

12.1    Spain Fermentation Ingredients Market, by Application (2016-2023), USD Million    38

12.2    Spain Fermentation Ingredients Market, Chemical, By Province (2016-2023),  USD Million    39

12.3    Spain Fermentation Ingredients Market, Food and Beverages, By Province  (2016-2023), USD Million    40

12.4    Spain Fermentation Ingredients Market, Pharmaceuticals, By Province (2016-2023), USD Million    41

12.5    Spain Fermentation Ingredients Market, Animal Feed, By Province (2016-2023), USD Million    42

12.6    Spain Fermentation Ingredients Market, Other Application, By Province (2016-2023), USD Million    43

13    Spain Fermentation Ingredients Market-By Feedstock    44

13.1    Spain Fermentation Ingredients Market, By Feedstock (2016-2023), USD Million    44

13.2    Spain Fermentation Ingredients Market, Sugar Beet, By Province (2016-2023),  USD Million    45

13.3    Spain Fermentation Ingredients Market, Wheat, By Province (2016-2023), USD Million    46

13.4    Spain Fermentation Ingredients Market, Dextrose, By Province (2016-2023),  USD Million    47

13.5    Spain Fermentation Ingredients Market, Other Feedstock, By Province  (2016-2023), USD Million    48

14    Andalusia Fermentation Ingredients Market    49

14.1    Andalusia Fermentation Ingredients Market, By Type (2016-2023), USD Million    49

14.2    Andalusia Fermentation Ingredients Market, By Form (2016-2023), USD Million    50

14.3    Andalusia Fermentation Ingredients Market, By Application (2016-2023),  USD Million    51

14.4    Andalusia Fermentation Ingredients Market, By Feedstock (2016-2023),  USD Million    52

15    Catalonia Fermentation Ingredients Market    53

15.1    Catalonia Fermentation Ingredients Market, By Type (2016-2023), USD Million    53

15.2    Catalonia Fermentation Ingredients Market, By Form (2016-2023), USD Million    54

15.3    Catalonia Fermentation Ingredients Market, By Application (2016-2023),  USD Million    55

15.4    Catalonia Fermentation Ingredients Market, By Feedstock (2016-2023),  USD Million    56

16    Madrid Fermentation Ingredients Market    57

16.1    Madrid Fermentation Ingredients Market, By Type (2016-2023), USD Million    57

16.2    Madrid Fermentation Ingredients Market, By Form (2016-2023), USD Million    58

16.3    Madrid Fermentation Ingredients Market, By Application (2016-2023), USD Million    58

16.4    Madrid Fermentation Ingredients Market, By Feedstock (2016-2023), USD Million    58

17    Valencian Community Fermentation Ingredients Market    60

17.1    Velencian Community Fermentation Ingredients Market, By Type (2016-2023),  USD Million    60

17.2    Velencian Community Fermentation Ingredients Market, By Form (2016-2023), USD Million    61

17.3    Velencian Community Fermentation Ingredients Market, By Application  (2016-2023), USD Million    62

17.4    Velencian Community Fermentation Ingredients Market, By Feedstock  (2016-2023), USD Million    63

18    Rest of Spain Fermentation Ingredients Market    64

18.1    Rest of Spain Fermentation Ingredients Market, By Type (2016-2023), USD Million    64

18.2    Rest of Spain Fermentation Ingredients Market, By Form (2016-2023), USD Million    65

18.3    Rest of Spain Fermentation Ingredients Market, By Application (2016-2023),  USD Million    66

18.4    Rest of Spain Fermentation Ingredients Market, By Feedstock (2016-2023),  USD Million    67

19    Company Profile    68

19.1    Archer Daniels Midland Co    68

19.1.1    Overview    68

19.1.2    Company Snapshot    68

19.1.3    Company Analysis    69

19.1.4    SWOT Analysis    69

19.2    The Dow Chemical Co.    71

19.2.1    Overview    71

19.2.2    Company Snapshot    71

19.2.3    Company Analysis    71

19.2.4    SWOT Analysis    72

19.2.5    Recent Developments    73

19.3    E.I. du Pont de Nemours & Co.    74

19.3.1    Overview    74

19.3.2    Company Snapshot    74

19.3.3    Company Analysis    75

19.3.4    SWOT Analysis    75

19.4    Evonik Industries AG    77

19.4.1    Overview    77

19.4.2    Company Snapshot    77

19.4.3    Company Analysis    78

19.4.4    SWOT Analysis    78

19.5    Novozymes A/S    80

19.5.1    Overview    80

19.5.2    Company Snapshot    80

19.5.3    Company Analysis    81

19.6    Cargill, Inc    82

19.6.1    Overview    82

19.6.2    Company Snapshot    82

19.7    Uquifa    83

19.7.1    Overview    83

19.7.2    Company Snapshot    83

20    Competitive Landscape    84

20.1    Introduction    84

20.2    New Product Launch    86

20.3    Business Expansion    86

20.4    Investment    86

20.5    Acquisitions    87

20.6    Agreements    87

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