Spain Animal Feed Market Size, Share, Opportunities, COVID-19 Impact, 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

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.

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 the mixture of raw materials, and sources from the 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.

Key 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 the 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 the US $ X.X billion in swine meat export 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.

Latest 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.

Restraint

According to the European Feed Manufacturers Federation (FEFAC), Spain is the second largest meat-consuming country in Europe by meat consumption.  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.

The Impact of COVID-19 on the Spanish Animal Feed Market: The outbreak of COVID-19 has disrupted many industrial sectors in the country. It also disrupted the export business of animal feed to other European countries. Due to its geographical location, the number of visitors from African countries is relatively higher.  These are the prime consumers of halal-certified food. According to the report by Spain’s National Statistics Institute, there was a decrease in the number of visitors from Morocco in 2020, at  128,468. This number fell to 48,733 in 2021. The decrease in visitors during this period, which has more than 50% of immigrants, according to the Union Islamic Communities of Spain, is projected to affect the demand for meat consumption.   However, due to the nutritional benefits of meat consumption, population growth, easing restrictions on international travel, and cultural factors, the demand for animal feed in Spain is expected to rise in upcoming years. Hence, the Spanish animal feed market is estimated to grow during the forecast period.

Spain Animal Feed Market Scope:

Report Metric	Details
Market size value in 2020	US$6874.026 million
Market size value in 2027	US$7795.53 million
Growth Rate	CAGR of 1.81% from 2020 to 2027
Base year	2020
Forecast period	2022–2027
Forecast Unit (Value)	USD Million
Segments covered	Type, Livestock, And Raw Materials
Companies covered	PURINA Animal Nutrition, Alltech, Cargill, Covap, Archer Daniels Midland, De   Hues, AG  Chemi Group
Customization scope	Free report customization with purchase

 

Segmentation

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

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