Market Size of Spain Feed Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Feed Additives Market Analysis
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.
