Market Size of Spain Compound Feed Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 Size Summary
The Spain compound feed market is experiencing significant growth, driven by technological advancements and a robust relationship between farmers and feed manufacturers. Spain's position as a leading producer of compound feed in Europe is bolstered by its industrial livestock production and the increasing demand for Spanish meat exports. This has attracted global companies to strengthen their presence in the Spanish market. The market is characterized by the adoption of digital technologies, automation, and precision feeding, which enhance efficiency and traceability in feed production. These innovations, coupled with strategic alliances in the animal protein sector, contribute to the competitive pricing and high quality of Spanish animal products, supporting the country's export market.
The compound feed industry in Spain is supported by a strong workforce and a fragmented market with key players like Cargill Inc, Trouw Nutrition España SA, and Alltech Inc. These companies are expanding their operations and diversifying their product lines to meet the growing demand for animal protein, particularly in developing countries. The market's growth is further supported by government policies that facilitate the import of raw materials, ensuring a steady supply for feed production. As Spain continues to modernize its meat production processes, the compound feed market is expected to maintain its upward trajectory, driven by both domestic and international demand for high-quality animal products.
Spain Compound Feed Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increase in Global Meat Consumption and Demand for Animal Protein
-
1.2.2 Initiatives by the Key Players
-
1.2.3 Focus on Animal Nutrition and Health
-
-
1.3 Market Restraints
-
1.3.1 Shift Toward Vegan-Based Diet
-
1.3.2 Fluctuating Raw Material Costs
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Animal Type
-
2.1.1 Ruminants
-
2.1.2 Poultry
-
2.1.3 Swine
-
2.1.4 Other Animal Types
-
-
2.2 Ingredient
-
2.2.1 Cereals
-
2.2.2 Cakes & Meals
-
2.2.3 By-products
-
2.2.4 Supplements
-
-
Spain Compound Feed Market Size 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.
