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

The report covers Spain Compound Feed Market Trends and is Segmented by Animal Type (Ruminants, Poultry, Swine, and Other Animal Types) and Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements).

Spain Compound Feed Market Size

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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

*Disclaimer: Major Players sorted in no particular order


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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 Market Trends

Growing Meat Export is Driving the Feed Market

  • The rising commercial production of livestock has led to an increase in the export market, as there is a growing demand for animal products such as meat, milk, and eggs in other countries. According to International Trade Center (ITC) Trade, in 2021, the export market value for meat in Spain reached USD 10.43 billion, primarily due to heightened demand from China, France, Portugal, and Italy.
  • Spain is the world's fourth-largest pork producer known for its high-quality ham and other cured meat products. Other popular meat exports from Spain include beef, poultry, and lamb. The Spanish meat industry, and in particular, the pig production industry, has made significant strides in modernizing and automating production processes. This has led to increased efficiency, productivity, and cost-effectiveness, making the industry one of the most advanced in Europe. This calls for a heightened demand for Spanish meat in Europe and worldwide.
  • For Instance, in 2021, the swine meat export of Spain was valued at USD 6.5 billion compared to USD 6.45 billion during the previous year. Of USD 6.5 billion exported in 2021, China is the major importer of swine meat, accounting for USD 2.31 billion, followed by Japan, with a value of USD 0.63 million. According to data prepared by the National Meat Processing Industries Association of Spain (ANICE) for the first three quarters of the year, sales of pork meat, offal, and fat to third countries now account for 68.05% of the total, with a growth of 21% in volume and 22% in value.
Spain Compound Feed Market : Export Value in USD Billion, Swine Meat, 2020-2021

Increasing Efficiency in Feed Production to Meet the Market Demand

  • The feed industry in Spain employs 11,700 people across 800+ feed businesses. According to the European Feed Manufacturers' Federation (FEFAC), Spain was ranked first in total compound feed production for farm animals in Europe. Of the total 25.56 million metric tons of feed produced in 2021, swine feed accounted for 11.55 million metric tons. Also, 9.60 million metric tons of cattle feed was produced.
  • A major factor contributing to the success of the Spanish feed-producing industry is the relationship between the farmer and the feed manufacturer. The farmer gets the feed produced. They buy all production at previously agreed prices. In addition, veterinary services are provided, as well as other related production inputs. Also, Spanish feed producers are adept at handling uncertainties in the market, like price fluctuations, and they can utilize the unique financial risk management tools the country has in place.
  • The increasing demand for animal protein, particularly in developing countries, is another factor driving the growth of the feed industry in Spain. Spain is a major producer of animal products, including meat, dairy, and eggs, driving the demand for feed in the country.
  • The bolstering growth of the compound feed industry in the country has prompted global giants to strengthen their position in the Spanish market. Furthermore, technological developments in the animal feed industry have driven the market. The compound feed industry in Spain is adopting digital technologies to improve efficiency, reduce waste, and enhance the traceability of feed ingredients. This includes the use of sensors and data analytics to monitor the production process and optimize feed formulations. Other areas where technology has improved include digitalization, automation, the use of biotechnology, precision feeding, etc. Therefore, a combination of all these factors is expected to drive the market's growth further during the forecast period.
Spain Compound Feed Market: Production (Volume), in Million Metric Ton, 2020-2021

Spain Compound Feed Industry Overview

The Spain compound feed market is fragmented, with the presence of leading players like Cargill Inc, Trouw Nutrition España SA, Alltech Inc., Royal Agrifirm Group, ForFarmers, and Nutreco NV. The leading companies focus on expanding their business across regions and setting up new plants to increase their production capacities. The companies are also focusing on strengthening and diversifying their product lines.

Spain Compound Feed Market Leaders

  1. Cargill Inc.

  2. ForFarmers.

  3. Royal Agrifirm Group

  4. Trouw Nutrition España SA

  5. Alltech Inc.

*Disclaimer: Major Players sorted in no particular order

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Spain Compound Feed Market News

  • June 2022: Cargill and Innovafeed joined hands to develop and market insect-based feed for all animal groups, especially aquafeed, across Europe, including Spain. The agreement combines Innovafeed's expertise in formulating precision insect ingredients and Cargill's global animal nutrition capabilities to scale up the use of insect ingredients in multiple types of animal feed.
  • March 2022: To counteract possible shortages in animal feed brought on by Russia's invasion of Ukraine and to maintain the availability of raw materials to enterprises making animal feed, the Spanish government eased import restrictions on corn from Argentina and Brazil in March 2022. Spain is a major buyer of corn for cattle feed, and it typically buys a quarter of that corn from Ukraine.

Spain Compound Feed Market Report - Table of Contents


    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Animal Type

      1. 5.1.1 Ruminants

      2. 5.1.2 Poultry

      3. 5.1.3 Swine

      4. 5.1.4 Other Animal Types

    2. 5.2 Ingredient

      1. 5.2.1 Cereals

      2. 5.2.2 Cakes & Meals

      3. 5.2.3 By-products

      4. 5.2.4 Supplements


    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill Inc.

      2. 6.3.2 Alltech Inc.

      3. 6.3.3 Trouw Nutrition Espana SA

      4. 6.3.4 ForFarmers

      5. 6.3.5 De Hues

      6. 6.3.6 Archer Daniels Midland

      7. 6.3.7 Miratorg Agribusiness Holding

      8. 6.3.8 DeKalb Feeds

      9. 6.3.9 Land O Lakes Purina

      10. 6.3.10 Nutreco NV


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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
Other Animal Types
Cakes & Meals
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Spain Compound Feed Market Research 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.

The report covers the Spain Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Spain Compound Feed Industry Report

Statistics for the 2024 Spain Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Compound Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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