Spain Compound Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 23.96 Billion |
| Market Size (2029) | USD 28.15 Billion |
| CAGR (2024 - 2029) | 4.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain Compound Feed Market Analysis
The Spain Compound Feed Market size is estimated at USD 23.96 billion in 2024, and is expected to reach USD 28.15 billion by 2029, at a CAGR of 4.20% during the forecast period (2024-2029).
- The technological revolution in the animal feed industry has led to an increase in the production of compound feed. According to the European Feed Manufacturers' Federation (FEFAC), in 2021, Spain was ranked first in total compound feed production for farm animals in Europe, with 25.56 million metric tons of compound feed production as compared to 25.37 million metric tons in 2020. Industrial livestock production resulting in increased feed production coupled with demand for Spain meat is leading to higher export and driving the feed market.
- Spain is one of the six biggest producers of cow milk in the European Union, according to data from the European Commission, Spain contributes 4.6% of the 156 million metric tons that the EU is projected to generate every year, with 7.2 million metric tons in 2022. Spain is also known for its tradition of bullfights, which caters to the compound feed market in the cattle feed sector.
- Besides, the consumption of meat has been rising steadily across the country. The increasing population, urbanization, demographics, incomes, prices, and environmental and health concerns are key factors that influence the level and type of meat consumption. This is enhancing the demand for the compound feed market. According to the Ministry of Agriculture, Fisheries and Food (MAPA) and the National Institute of Statistics, the consumption of meat and pork products in the Spanish market has grown in 2023 to reached 1.01 million metric tons, which represents an increase of 1.5% compared to the previous year.
Spain Compound Feed Market Trends
Surge in Meat Exports Fuels Demand for Cereal Feed
The rising commercial production of livestock has led to an increase in the export market, as there is a growing demand for animal products such as meat, milk, and eggs in other countries. According to the International Trade Center (ITC) Trade, in 2021, the export market value for meat in Spain reached USD 11.01 million in 2023 from USD 9.91 million in 2022, primarily due to heightened demand from China, France, Portugal, and Italy.
Furthermore, Spain is one of the world's fourth-largest pork producers known for its high-quality ham and other cured meat products. Other popular meat exports from Spain include beef, poultry, and lamb. The Spanish meat industry, and in particular, the pig production industry, has made significant strides in modernizing and automating production processes. This has led to increased efficiency, productivity, and cost-effectiveness, making the industry one of the most advanced in Europe. This calls for a heightened demand for Spanish meat in Europe and worldwide.
For instance, according to ITC Trade map, in 2023, the swine meat export of Spain was valued at USD 6,765,823 thousand compared to USD 5,922,708 thousand during the previous year. China is the major importer of swine meat, accounting for USD 737,031 thousand, followed by Japan, with a value of USD 650,756 thousand. Consequently, the growing meat export industry has significantly increased the demand for cereal feed, as cereals like corn, wheat, and barley are essential components of livestock feed, especially for pigs and poultry.
Increasing Efficiency in Feed Production to Meet the Market Demand
Swine dominates Spain's compound feed market, primarily due to the nation's robust pork production industry. As one of Europe's leading pork producers and exporters, Spain's expanding swine population directly fuels the demand for compound feed. For instance, according to FAOSTAT, Spain's swine meat production rose from 4.64 million metric tons in 2019 to 5.07 million metric tons in 2022. Consequently, as swine meat production continues to climb, the compound feed industry stands to gain.
In Spain, the livestock sector grapples with the challenge of meeting the surging demand for meat and premium animal protein. Population growth, rising incomes, and urbanization have all contributed to this uptick in livestock production. With a growing awareness of the importance of protein-rich diets, a notable increase in the consumption of animal protein is on the horizon. This trend is set to bolster market growth, especially with the emphasis on high-quality feed for swine, given pork's status as a top choice among Spanish meats.
Moreover, the majority of Spain's pig farms utilize intensive farming methods, raising pigs in controlled settings that demand consistent, nutritionally balanced feed. This intensifies the need for compound feed, especially formulations rich in energy and protein. Additionally, Spanish feed mills are predominantly located in regions like Catalonia and Aragon, known for their substantial swine populations and pig farming activities. This regional concentration underscores the prominence of swine in Spain's compound feed landscape.
Spain Compound Feed Industry Overview
The Spain compound feed market is fragmented, with the presence of leading players like Cargill Inc., Trouw Nutrition España SA, Alltech Inc., Royal Agrifirm Group, and ForFarmers. The leading companies focus on expanding their business across the country and setting up new plants to increase their production capacities. The companies are also focusing on strengthening and diversifying their product lines.
Spain Compound Feed Market Leaders
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Cargill Inc.
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ForFarmers.
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Royal Agrifirm Group
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Trouw Nutrition España SA
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Alltech Inc.
*Disclaimer: Major Players sorted in no particular order
Spain Compound Feed Market News
- June 2023: To cater to the surging demand for compound feed probiotics and other livestock health products, ADM inaugurated a cutting-edge production facility in Spain, with an investment exceeding USD 30 million.
- June 2022: Cargill and Innovafeed have partnered to create and promote insect-based feed, with a primary focus on aquafeed, for various animal groups throughout Europe, including Spain. This collaboration merges Innovafeed's proficiency in crafting specialized insect ingredients with Cargill's worldwide expertise in animal nutrition, aiming to broaden the application of insect ingredients across diverse animal feeds.
Spain Compound Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Global Meat Consumption and Demand for Animal Protein
4.2.2 Initiatives by the Key Players
4.2.3 Focus on Animal Nutrition and Health
4.3 Market Restraints
4.3.1 Shift Toward Vegan-Based Diet
4.3.2 Fluctuating Raw Material Costs
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Animal Type
5.1.1 Ruminants
5.1.2 Poultry
5.1.3 Swine
5.1.4 Other Animal Types
5.2 Ingredient
5.2.1 Cereals
5.2.2 Cakes & Meals
5.2.3 By-products
5.2.4 Supplements
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Inc.
6.3.2 Alltech Inc.
6.3.3 Trouw Nutrition Espana SA
6.3.4 ForFarmers
6.3.5 De Hues
6.3.6 Archer Daniels Midland
6.3.7 Miratorg Agribusiness Holding
6.3.8 DeKalb Feeds
6.3.9 Land O Lakes Purina
6.3.10 Nutreco NV
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Spain Compound Feed Industry Segmentation
Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances or industrial processing, whether or not containing additives. The Spain compound feed market is segmented by animal type (ruminants, poultry, swine, and other animal types) and ingredients (cereal, cakes & meals, by-products, and supplements). The report offers market estimation and forecasts in value (USD) for the above-mentioned segments.
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Other Animal Types |
| Ingredient | |
| Cereals | |
| Cakes & Meals | |
| By-products | |
| Supplements |
Spain Compound Feed Market Research FAQs
How big is the Spain Compound Feed Market?
The Spain Compound Feed Market size is expected to reach USD 23.96 billion in 2024 and grow at a CAGR of 4.20% to reach USD 28.15 billion by 2029.
What is the current Spain Compound Feed Market size?
In 2024, the Spain Compound Feed Market size is expected to reach USD 23.96 billion.
Who are the key players in Spain Compound Feed Market?
Cargill Inc., ForFarmers., Royal Agrifirm Group, Trouw Nutrition España SA and Alltech Inc. are the major companies operating in the Spain Compound Feed Market.
What years does this Spain Compound Feed Market cover, and what was the market size in 2023?
In 2023, the Spain Compound Feed Market size was estimated at USD 22.95 billion. The report covers the Spain Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Compound Feed Industry Report
Statistics for the 2024 Spain Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Compound Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
