In 2023, Spain's soybeans feed consumption stood at 223.0 thousand metric tons. The forecasted values from 2024 to 2028 show a consistent upward trend. Year-on-year, there is an estimated increase of 4.7% from 2024 to 2025, 4.5% from 2025 to 2026, 3.9% from 2026 to 2027, and 4.2% from 2027 to 2028. Over the five-year period ending in 2028, the Compound Annual Growth Rate (CAGR) is projected to be approximately 4.3%.
Future trends to watch for include potential shifts in global soybean production, changes in trade policies and tariffs, and evolving consumer preferences toward alternative protein sources, which could impact the demand for soybeans in livestock feed.
