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The Spain Feed Additives Market is segmented By Additive Type Antibiotics, Vitamins, Antioxidants, Aminoacids, Enzymes, Prebiotics, Probiotics, Binders, and By Animal Type (Ruminants, Swine, Poultry and Other Animal Types).
2016 - 2026
The feed additives market in Spain is projected to register a CAGR of 5.3% during the forecast period. 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, 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.
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).
|Other Animal Types|
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According to the Alltech Feed Survey, the country has 2014 feed mills, with a yearly feed production of 35 million metric tons, in 2019. The country is a major producer of feed in the European region and witnessed a 6% increase in compound feed production when compared to the value registered in 2017 which was 33 million MT. According to Food and Agriculture Organization, Livestock meat production in 2016 accounted for 6546387 tonnes and has seen a growth of 7028021 tonnes in 2018 significantly showcasing the increased demand for meat products and the efficient production capacity of the country. 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.
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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.
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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.
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
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
5.1 Additive Type
5.1.4 Amino Acids
5.2 Animal Type
5.2.4 Other Animal Types
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
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
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19