Spain Feed Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.32 Billion |
| Market Size (2029) | USD 1.66 Billion |
| CAGR (2024 - 2029) | 4.72 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Feed Additives Market Analysis
The Spain Feed Additives Market size is estimated at USD 1.32 billion in 2024, and is expected to reach USD 1.66 billion by 2029, growing at a CAGR of 4.72% during the forecast period (2024-2029).
Spain is one of the largest economies in the European Union and the Ministry of Agriculture, Fisheries, and Food (MAPA) controls imports/export of animal feed/ingredients and live animals in the country. Driven by the increase in demand for better quality meat products, and concerns regarding animal health to counter the outbreak of disease among livestock, the animal feed industry in Spain is steadily growing. After the outbreak of Bovine Spongiform Encephalopathy (BSE, mad cow disease) among cows, consumer confidence plummeted and subsequently, there was a need for better nutritional standards. Proximity to neighboring countries and a highly improved trade scene among nations also have a positive effect on the market.
Spain Feed Additives Market Trends
Increased Industrial Livestock Production
According to the Alltech Feed Survey, the country had 2014 feed mills, with a yearly feed production of 35 million metric tons, in 2019. In 2022, the swine segment held the largest market share in Spain, accounting for 54.5% of the total feed additives market share value, followed by ruminants with 24.9% of the market share. This high share is due to the high demand for swine meat and increased feed production, which increased by 2.0% from 2017 to 2022. The swine population also increased by 15.0% from 2017 to 2021. Spain is slowly recovering from its economic crisis which occurred way back in 2014 while trying to regain its feed prebiotics market. According to the studies, It is one of the largest meat consumers in the European Union. Due to the rise in income and high standardization, there is a significant increase in the number of meat consumers, and poultry-originated meat and fish are the most consumed meat in the country.
Increased Meat Consumption
According to the Ministry of Agriculture, Food and Environment, Spain is the third-largest consumer of Fish and Meat in Europe after Portugal and Norway. According to a survey from the Seafood Council in 2018, 70% of Spanish people consume seafood twice a week, while 90% consume at least once a week. According to Spain's Ministry of Agriculture, the average consumption of meat per capita is cited at 1349 grams per day in 2018. The most popular type of meat is of poultry origin, with 12.58 kgs of meat volume consumed per person in the year 2018, followed by pork and beef. According to data released by Interporc, the Interprofessional Association of Capa Blanca, Spaniards have increased their consumption of pork of about 0.14% in volume and 0.82 in value in 2018. Andalusia, Catalonia, and Madrid are the provinces where pork consumption is the highest, followed by Valencia, Galicia, and Castilla y Leon. Altogether, these 6 provinces account for 70% of pork consumption in Spain. Hence the increased consumption of meat products in the country will increase the demand for quality compound feed that meets the requirements of the livestock industry.
Spain Feed Additives Industry Overview
The Spain animal feed additives market is highly fragmented and competitive. In the market studied, numerous key players are competing for the major market share, while small/regional players are catering to a small region. Some of the major players in the country are Cargill, Nutreco Holdings, and DSM, followed by Invivo NSA, Evonik Industries, and BASF, among others.
Spain Feed Additives Market Leaders
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Cargill Inc.
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Alltech
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BASF SE
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Adisseo
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Nanta SA
*Disclaimer: Major Players sorted in no particular order
Spain Feed Additives Market News
July 2022: Novozymes expanded the Innova product platform with the addition of Innova Apex and Innova Turbo. These products are formulated to function during a particular fermentation process to meet desired production targets.
Spain Feed Additives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Additive Type
- 5.1.1 Antibiotics
- 5.1.2 Vitamins
- 5.1.3 Antioxidants
- 5.1.4 Amino Acids
- 5.1.5 Enzymes
- 5.1.6 Prebiotics
- 5.1.7 Probiotics
- 5.1.8 Pigments
- 5.1.9 Binders
- 5.1.10 Others
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5.2 Animal Type
- 5.2.1 Ruminants
- 5.2.2 Swine
- 5.2.3 Poultry
- 5.2.4 Other Animal Types
6. COMPETITIVE LANDSCAPE
- 6.1 Market Share Analysis
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6.2 Company Profiles
- 6.2.1 Pfizer Animal Health
- 6.2.2 Nutriad International
- 6.2.3 BASF SE
- 6.2.4 Novozymes A/S.
- 6.2.5 Archer Daniels Midland Co.
- 6.2.6 Cargill Inc.
- 6.2.7 DSM Nutritional Products Inc.
- 6.2.8 Adisseo France S.A.S.
- 6.2.9 Evonik Industries AG
- 6.2.10 InVivo NSA S.A.
- 6.2.11 Beneo Gmbh
- 6.2.12 Novus International Inc.
- 6.2.13 Nutreco N.V.
- 6.2.14 Azelis Animal Nutrition
- 6.2.15 Borregaard LingoTech
- 6.2.16 Dupont Danisco
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
** Subject To AvailablitySpain Feed Additives Industry Segmentation
The Spain Feed Additives Market is segmented By Additive Type (Antibiotics (Tetracyclines, Penicillins, Other Antibiotics), Vitamins (A, B, C, E, Other Vitamins), Antioxidants (BHA, BHT, Ethoxyquin, Other Antioxidants), Aminoacids (Tryptophan, Lysine, Methionine, Threonine, Other Amino Acids), Enzymes (Carbohydrases, Phytases, Other Enzymes), Mycotoxin Detoxifiers (Binders, Bio-transformers), Prebiotics (Inulin, Fructo Oligosaccharides, Galacto Oligosaccharides, Other Prebiotics), Probiotics(Lactobacilli, Bifidobacteria, Other Probiotics), Flavours and Sweeteners, Pigments (Carotenoids, Curcumin, and Spirulina, Other Pigments), Binders (Natural, Synthetic), and Minerals (Micro Minerals, Macro Minerals), and By Animal Type (Ruminants, Swine, Poultry and Other Animal Types). The report offers market sizing and forecasts in value (USD) and volume ( Metric Tons) for all the above segments.
| Additive Type | Antibiotics |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Prebiotics | |
| Probiotics | |
| Pigments | |
| Binders | |
| Others | |
| Animal Type | Ruminants |
| Swine | |
| Poultry | |
| Other Animal Types |
Spain Feed Additives Market Research FAQs
How big is the Spain Feed Additives Market?
The Spain Feed Additives Market size is expected to reach USD 1.32 billion in 2024 and grow at a CAGR of 4.72% to reach USD 1.66 billion by 2029.
What is the current Spain Feed Additives Market size?
In 2024, the Spain Feed Additives Market size is expected to reach USD 1.32 billion.
Who are the key players in Spain Feed Additives Market?
Cargill Inc., Alltech, BASF SE, Adisseo and Nanta SA are the major companies operating in the Spain Feed Additives Market.
What years does this Spain Feed Additives Market cover, and what was the market size in 2023?
In 2023, the Spain Feed Additives Market size was estimated at USD 1.26 billion. The report covers the Spain Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Feed Additives Industry Report
Statistics for the 2024 Spain Feed Additives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Feed Additives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
