Spain Compound Feed Market Size (2024 - 2029)

The Spain Compound Feed Market is experiencing growth driven by advancements in technology and increased production in the animal feed industry. Spain's position as a leader in compound feed production for farm animals in Europe is supported by industrial livestock production and rising meat demand, which boost exports and feed market expansion. The market's growth is further fueled by the presence of global companies and strategic partnerships between farmers and feed manufacturers, enhancing the quality and competitiveness of Spanish animal protein exports.

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Market Size of Spain Compound Feed Industry

Spain Compound Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.20 %
Market Concentration Low

Major Players

Spain Compound Feed Market 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 23.14 billion in 2023, and is expected to reach USD 28.42 billion by 2028, growing at a CAGR of 4.20% during the forecast period (2023-2028).

  • 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.
  • The country's expanding compound feed business has pushed global giants to bolster their presence in the Spanish market. Furthermore, the market has been pushed by technical advancements in the animal feed business. Some of the leading players, like Cargill Inc, Trouw Nutrition España SA, Alltech Inc., ForFarmers, and Nutreco NV., are dominating the market.
  • The business relationship between Spanish farmers and feed makers is another aspect that contributes to the industry's success. In feed manufacturing, animal protein processing, and marketing, there is a close strategic alliance of partners between large swine and chicken producers. This approach generates high-quality, low-cost Spanish animal protein, which has helped to keep hog and chicken exports competitive.

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
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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.

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Spain Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

Spain Compound Feed Market Size FAQs

The Spain Compound Feed Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)

Cargill Inc., ForFarmers., Royal Agrifirm Group, Trouw Nutrition España SA and Alltech Inc. are the major companies operating in the Spain Compound Feed Market.

Spain Compound Feed Market Report Snapshots

Spain Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)