Spain Fermentation Ingredients Market – Trends & Forecast, 2015-2025
Published | June 2019
According to BlueWeave Consulting, Spain Fermentation ingredients market projected to grow at a significant rate during the forecast period, 2019-2025, owing to the increasing demand for healthy food among consumers of all age groups. Fermentation is a natural metabolic process of controlling yeast, bacteria, and mould to modify food, and produce the required product. Fermentation ingredients are added to the food so that it stays for a longer period of time.
The Fermentation process can change the quality and acceptability of the end product. This results in improving the quality of food so that it becomes easier to digest, more nutritious, and better in taste. The health benefits of Fermentation ingredients will foster the growth of Spain fermentation ingredients market in the forecast period.
Growing application of Fermentation ingredients in food and beverages, pharmaceuticals, and animal feed are vital factors expected to fuel the Spain Fermentation ingredients market in future timeline.
Moreover, the major factor driving the market is the fermentation chemicals or substances, especially alcohols are widely used for various applications in the food & beverage industry, in form of liquors, spirits, and cooking wines. Additionally, the rise in the development of the bioethanol industry in Spain, insistence for the eco-friendly production system, easy, faster production of bioactive biomolecules, increasing demand for alcohol will accelerate the Spain Fermentation ingredients market. Furthermore, upsurge in the application for removal of anti-nutrients, such as phytic acid, and the increased production or creation of phytonutrients will contribute to the Spain Fermentation ingredients market.
Based on type, Spain fermentation ingredients market is segmented into alcohol, amino acids, antibiotics, polymer, vitamins, enzymes, organic acid, and others. Alcohol and antibiotics fermentation ingredients will generate large revenue owing to its application in chemical and pharmaceutical industries which are witnessed to be using fermentation ingredients at a large extent.
On the basis of form, the Spain fermentation ingredients market is classified into dry, liquid, and others. The liquid form of fermentation ingredients will witness the highest growth rate due to as high alcohol and organic acid are produced in liquid form.
By the application, the Spain fermentation ingredients market is bifurcated into chemical, food & beverages, pharmaceutical, animal feed, and others. Food & beverages and the chemical segment will leading segment in the account of growing employment of fermented ingredients to increase the shelf life of food products.
On the basis of feedstock, the Spain fermentation ingredients market is divided into sugar beet, wheat, corn, and others. Wheat and corn together held major revenue because of as the majority of wheat fermentation ingredients produced in Spain are made from wheat and corn.
By geography, the Spain fermentation ingredients market is segmented into Madrid, Andalusia, Valencia community and Catalonia, Madrid will dominating region compared to other regions due to major fermentation ingredients producers are located in Madrid coupled with availability of resources and major fermentation ingredients companies being in Madrid.
The leading market players in the Spain fermentation ingredients market primarily are E.I. du Pont de Nemours & Co., Evonik Industries AG, Novozymes A/S, Uquifa, Archer-Daniels-Midland Co., The Dow Chemical Co, and, Cargill Incorporated.
• Fermentation Ingredients Manufacturers
• Pharmaceutical Industry
• Food and beverages
• Chemical Industry
• Retailers and wholesalers
• Traders, importers, and exporters
The reports also cover regional-level analysis:
• Valencian Community
Rest of Spain