Analysis of Forecast: Flours, Meals and Pellets of Meat Market Size Volume in Spain
The market volume for flours, meals, and pellets of meat in Spain has shown fluctuations over the past decade. From 2013 to 2020, there was a general decline, characterized by a steep drop in 2017 and continuing through 2020, reaching the lowest point at 310.59 million kilograms. However, a modest recovery began in 2021, growing year-on-year by 9.23%, 1.32%, and 1.33% into 2023, with the value standing at 348.3 million kilograms. With a five-year CAGR of -0.092%, the market experienced a slow recovery towards stability.
The forecasted data indicates a growth trend, with the market expected to reach 370.46 million kilograms by 2028. This reflects a 5% growth over the forecast period, with an average growth rate of 0.98% per year.
Future trends to watch for:
- Technological advancements in meat processing.
- Shifts in dietary preferences towards alternative proteins.
- Regulatory changes and their impacts on production and exports.
- Market consolidation and the emergence of major players.
