Market Research Future published a half-cooked research report on Spain Fermentation Ingredients Market Is Expected to Grow at a Higher Pace By 2023.

Market Synopsis of Spain Fermentation Ingredients Market:

Report Description
Spain fermentation ingredients market is projected to reach USD 1,530 million by the year 2023 with growth rate of 3.46%. Andalusia and Catalonia together holds more than 50% of market share in 2017 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 2017 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 2017due to increasing demand of polymer over organic acid in Spain.
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 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.

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Target Audience

Fermentation Ingredients Manufacturers
Food and beverage Industry
Chemical Industry
Pharmaceutical Industry
Retailers and wholesalers
Traders, importers and exporters 
 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 
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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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