Spain Animal Feed Market Report, Size, Share, Opportunities, And Trends By Type (Fodder, Forage, Compound Feed), By Livestock (Pork, Aquatic Animals, Cattle, Poultry, Others), And By Raw Materials (Soya, Canola, Rendered Meal, Others) - Forecasts From 2022 To 2027

Description

Spain Animal Feed Market Size:

The Spain animal feed market is expected to grow at a CAGR of 1.81% from the market value of US$6874.026 million in 2020 and to grow at the market value of US$7795.53 million in 2027.

Spain Animal Feed Market Trends:

The growth is attributed to the growing consumption of meat in the country. Spain is one of the largest meat-consuming countries in Europe.

Industrial livestock production has increased the demand for meat in Spain. And the growth in the export of Spain's meat has also resulted in the growth of the animal feed market in Spain. Animal feeds are a mixture of raw materials and sources from animals or plants that are to be fed to the animals or livestock. The most commonly used raw materials are soybeans, barley, corn, and wheat.

Spain Animal Feed Market Growth Drivers:

Many other countries prefer to import animal feed from Spain as it is one of the largest producers of animal feed in Europe. Hence, export is one of the major driving factors for the animal feed market in Spain. According to the International Trade Center in 2019, Spain’s export value of meat was around US$8.33 billion. The high demand for meat from Spain comes mostly from Germany, France, Italy, and Portugal. Apart from poultry, Spain is the largest exporter of swine meat as well. In 2019, Spain was valued at US $ X.X billion in swine meat exports in 2019.

According to the European Feed Manufacturers Federation, the capacity of Spain’s feed production is at the top as compared to other countries.  As per the report by the World Bank, the total population of Spain increased to 47,351,567 in 2020. The rising population is predicted to drive up the demand for meat consumption. Moreover, advancements in technology have also been a driving factor for the animal feed market in Spain.

Spain Animal Feed Market Key Developments:

Seeing the profit from the animal feed industry, many businesses prefer to invest in the animal feed market in the country. Several budding industrialists look at animal feed manufacturing as an opportunity for the future. Some key market players focus on the expansion of their business and setting up new plants. For instance, In April 2021, Nueva Pescanova, a Spain-based seafood producer, announced plans to expand its company in Peru with an investment of US $ 8.4 million. The new plant has a capacity of 12,700 tonnes of cephalopods, which includes octopus and squid. Whereas the leading key market is showing interest in acquiring the animal feed market in Spain. For instance, Royal De Heus, in 2019, announced plans to acquire Evialis Galicia, a Spanish animal feed plant.

Spain Animal Feed Market Restraints:

According to the European Feed Manufacturers Federation (FEFAC), Spain is the second-largest meat-consuming country in Europe.  However, several campaigns are leading to lower consumption of meat in Spain. For instance, in July 2021, the Ministry of Spain started a campaign called “Eat  Less  Meat”. Moreover, due to health concerns, people are inclined to avoid meat consumption, and this is projected to raise the number of vegan populations. Additionally, advancements in technology have introduced plant protein products and products that contain the same supplements that are contained in meat. These factors are expected to hamper the growth of the animal feed market in Spain.

Spain Animal Feed Market Scope:

Spain Animal Feed Market Segmentation

• By Type
  • Fodder
  • Forage
  • Compound Feed
• By Livestock
  • Pork
  • Aquatic Animals
  • Cattle
  • Poultry
  • Others
• By Raw Materials
  • Soya
  • Canola
  • Rendered Meal
  • Others

Navigation

• Spain Animal Feed Market Size:
• Spain Animal Feed Market Trends:
• Spain Animal Feed Market Growth Drivers:
• Spain Animal Feed Market Key Developments:
• Spain Animal Feed Market Restraints:
• Spain Animal Feed Market Scope:

Table Of Contents

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Spain Animal Feed Market Analysis, by Type
5.1. Introduction
5.2. Fodder
5.3. Forage
5.4. Compound Feed

6. Spain Animal Feed Market Analysis, by Livestock
6.1. Introduction
6.2. Pork
6.3. Aquatic Animals
6.4. Cattle
6.5. Poultry
6.6. Others 

7. Spain Animal Feed market, by Raw Material
7.1. Introduction
7.2. Soya 
7.3. Canola 
7.4. Rendered Meal 
7.5. Others  

8. Competitive landscape and analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Companies mentioned 
9.1. PURINA Animal Nutrition
9.2. Alltech
9.3. Cargill 
9.4. Covap
9.5. Archer Daniels Midland
9.6. De Hues
9.7. AG Chemi Group

Companies Profiled

PURINA Animal Nutrition

Alltech

Cargill

Covap

Archer Daniels Midland

De Hues

AG Chemi Group

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