Spain Animal Feed Market Overview, 2029

The industry plays a crucial role in ensuring the nutrition, health, and productivity of various livestock species including cattle, pigs, poultry, and aquaculture. Spain's feed manufacturing sector is well-developed and technologically advanced, comprising a mix of industrial-scale feed manufacturers and smaller local mills. The Spanish animal feed industry also places a strong emphasis on sustainability and environmental considerations. Feed manufacturers are incorporating sustainable ingredients, adopting responsible sourcing practices, and working towards reducing the environmental impact of feed production. Spain's expertise in livestock production and feed manufacturing has led to its prominence as a major exporter of animal feed products. The country's high-quality feed products, advanced manufacturing processes and dedication to meeting international standards contribute to its success in supplying feeds to various countries worldwide. The industry's commitment to research and development further drives innovation and continuous improvement in feed formulations, manufacturing processes, and animal nutrition. With stringent regulations in place to ensure feed safety, quality control, and compliance with standards, the animal feed industry in Spain continues to thrive and play a pivotal role in supporting the growth and sustainability of the livestock sector. Poultry feed by livestock type is highest in demand, driven by the demand for poultry meat products by consumers. The rising population further boosts the demand for poultry meat, but the rising feed prices hamper the market's growth. Since poultry meat is the cheapest form of meat available, consumers' consumption is high. Increased demand for organic feed and industrial livestock production further augments the market's growth. According to the research report, "Spain Animal Feed Market Outlook, 2029," published by Bonafide Research, the Spain Animal Feed market is anticipated to add to more than USD 1000 Million by 2024–29. Feed manufacturers are developing feeds that target specific production goals, such as improved milk production, enhanced meat quality, or optimized feed efficiency. The Spain animal feed market is driven by ongoing nutritional innovation and research. Collaborations between feed manufacturers, research institutions, and universities contribute to the development of improved feed formulations, feed additives, and animal nutrition strategies. The aim is to enhance animal health, well-being, and productivity while addressing emerging challenges, such as reducing antimicrobial use. Aqua feed farming is increasingly being commercialised with its demands, resulting in an increased demand for feed to raise them. Cattle feed remains with more market share as it is the most demanded meat by consumers. Animal supplements are expected to be in demand over the forecast period as the animals are deprived of vitamins and minerals from the feed they are fed. Also, due to low feed quality and to improve their structural body composition, supplements are fed to animals. The pellet form of animal feed is expected to remain the main form of feed, but the crumbled form is also expected to be in demand during future years. Plant-based sources remain the main source of protein for animal feed as they provide a range of benefits for both the animals as well as feed manufacturers.

Animal feed Pellets are made from corn, bean pulp, straw, rice husk, and other cereals and grains for different animals. They have comprehensive nutrition, improve digestibility of feed, decrease picky eaters of animals and are easy to store and transport. The pellets often contain grease as they provide oxidation and hydrolysis. Oxidation helps to convert unsaturated fats into saturated fats when the feed pellets have improper fats as it is easy to hydrolyse. The quality of pellets can be defined by the repeated handling, bagging, transportation, and storage feed lines without much damage or fine particles. The pellet quality and efficiency depend on the raw materials used, like corn and soy lack the ability to achieve good pellet quality, while that of wheat increases pellet durability because of high protein content and hemi-cellulose in contrast to corn and soy products. Additionally oats can increase pellet quality if mixed with corn. In Spain, the government association responsible for overseeing and regulating the animal feed industry is the Spanish Ministry of Agriculture, Fisheries, and Food. The ministry is responsible for formulating and implementing policies related to agriculture, livestock, and food production, including the animal feed sector. Its main objective is to ensure the safety, quality, and sustainability of animal feed products in Spain. Directorate-General for Agricultural Production and Markets is directorate-general focuses on agricultural production, including the production of animal feed. It is responsible for formulating policies related to feed production, ensuring compliance with regulations, and promoting the competitiveness and sustainability of the sector. Furthermore, Spanish Agency for Food Safety and Nutrition AESAN is an agency under the Ministry of Health, Consumer Affairs, and Social Welfare. It collaborates with the Ministry of Agriculture, Fisheries, and Food to ensure the safety and quality of animal feed products. AESAN establishes regulations, conducts risk assessments, and provides scientific advice on food safety matters. Cereals by ingredient type are rich in starch content and are highly preferred to feed animals. Every grain or cereal varies in its nutritional content and digestive anatomy of the animal. Starch that is completely digested before the end of the small intestine (SI) provides the maximum amount of glucose from the grain to support growth. Barely, corn, oats, and rye are entirely used as animal feed and only small amounts are used for human consumption. These grains and cereals might be fed in whole or compound form, mixed with other bi-products or oils, minerals or vitamins to form a complete meal for animals. The produced cereals are stored after drying to reduce moisture levels and preserve them for the full year. Since some are seasonal grains, they need to be produced for the whole year and stored to meet the demands. Production is highly influenced by particular crop failures, droughts, or climatic conditions. The animal feed market in Spain is diverse, segmented primarily by livestock types and ingredient sources. By Livestock, the categories include cattle feed, poultry feed, pig feed, aqua feed, and other specialty feeds. Poultry feed holds the largest share due to the high demand for poultry meat, which is favored for its affordability and versatility. Cattle and pig feeds follow closely, reflecting Spain's robust meat production industry. Aqua feed is also significant, catering to the growing aquaculture sector as fish consumption rises. By Source, animal feeds are derived from plant-based and animal-based ingredients. Plant-based feeds dominate the market, primarily consisting of cereals, legumes, and by-products that provide essential nutrients for livestock. The increasing focus on sustainability has led to a rise in organic plant-based feeds. Conversely, animal-based feeds are sourced from by-products of the meat processing industry and are crucial for enhancing protein content in livestock diets. Spain's animal feed industry is characterized by technological advancements and a commitment to sustainability, with manufacturers increasingly adopting responsible sourcing practices. This focus on innovation drives the development of specialized feeds tailored to the nutritional needs of different livestock species, thereby optimizing health and productivity. However, COVID-19 has caused some problems and changes in the feed industry, like many other industries, and the Spain feed industry is no exception. It had a negative impact due to disruptions in supply chain activities caused by global trade restrictions. A sharp drop in demand for restaurant meals and an increase in demand for grocery store food, combined with certain challenges in reorienting meat supply networks, resulted in a surge in retail meat prices and occasional grocery store stock-outs of specific meat products. Lower demand for cattle and supplies of beef and pork resulted from the drop in demand. Considered in this report: • Geography: Spain • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

Aspects covered in this report • Spain animal feed market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Ingredient: • Cereals • By Products • Cakes & Meal • Supplements • Others By Livestock: • Cattle Feed • Poultry Feed • Pig Feed • Aqua Feed • Others By Form: • Pellet • Mash • Crumbles • Cubes and Cakes By Source: • Plant-based • Animal-based The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Animal Feed Industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.