The market size for animal feed preparations, excluding dog or cat food, in Spain showed a gradual increase from 2018 to 2023, reaching 11.894 billion Euros by 2023. From 2013-2017, the market faced fluctuations with some declines, however, post-2018 saw steady growth, particularly through 2023 with consistent year-on-year increases. The compound annual growth rate (CAGR) over the last five years was strong, at 1.79%, indicating a consistent upward trend although slightly tempered compared to 2019-2020.
Future trends to watch for include:
- Potential impacts of sustainability and environmental concerns on feed production practices.
- Technological advancements in feed production and supply chain efficiencies.
- Shifts in agricultural policies and regulations affecting the animal feed sector.
- Economic factors influencing feed demand due to changes in livestock farming scales and consumer preferences.
How does Spain rank in Preparations for Animal Feeds (Excluding Dog or Cat Food) Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 11,894,000,000 | 2023 | +1.11% | +1.79% | |
| 2 | 2 Germany | 10,140,000,000 | 2023 | +1.24% | +0.75% | View data |
| 3 | 3 France | 9,272,400,000 | 2023 | +0.76% | -0.41% | View data |
| 4 | 4 United Kingdom | 7,928,600,000 | 2023 | +0.88% | +0.49% | View data |
| 5 | 5 Italy | 7,248,700,000 | 2023 | +0.72% | +0.73% | View data |
