The gross investment in the prepared animal feeds sector in Spain reached 380.9 million euros in 2023. Over the last decade, the sector exhibited a generally increasing trend, characterized by fluctuations. Particularly significant years include 2017 with a 22.08% increase and 2020 with a 22.15% rise, showing marked growth. The last two years saw increases of 9.34% in 2022 and 7.75% in 2023, indicating steady growth. The average annual growth rate over the past five years was 11.86%, showcasing the sector's robust upward momentum.
The future outlook remains positive with forecasts projecting steady growth, albeit at a more moderate rate. With a forecasted 5-year compound annual growth rate (CAGR) of 3.59%, the sector is expected to grow by 19.27% by 2028. Trends to watch include potential market consolidation, technological advancements in feed production, and regulatory changes impacting the industry.
