Other Livestock Products - Spain

Spain

Gross production value in Other Livestock Products market is projected to amount to US$18.36bn in 2024. An annual growth rate of 2.67% is expected (CAGR 2024-2028), resulting in gross production value of US$20.40bn in 2028.
The import value in Other Livestock Products market is projected to amount to US$149.5m in 2024. An annual growth rate of 1.85% is expected (CAGR 2024–2028).
The export value in Other Livestock Products market is projected to amount to US$0.4bn in 2024. An annual growth rate of 4.11% is expected (CAGR 2024–2028).

Key regions: United Kingdom, Germany, United States, Spain, Italy

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Analyst Opinion

The Other Livestock Products market in Spain has been experiencing significant growth in recent years.

Customer preferences: Consumers in Spain have been increasingly interested in alternative sources of protein, leading to a rise in demand for Other Livestock Products. Additionally, there has been a growing interest in organic and locally sourced food, which has contributed to the growth of the market.

Trends in the market: One of the main trends in the Other Livestock Products market in Spain is the increasing popularity of goat and sheep meat. This trend is driven by the growing demand for alternative sources of protein, as well as the unique taste and texture of these meats. Another trend in the market is the increasing demand for specialty products such as organ meats and offal. These products have traditionally been less popular in Spain, but are now gaining popularity due to their nutritional value and unique flavor profiles.

Local special circumstances: Spain has a long tradition of raising goats and sheep, which has contributed to the growth of the Other Livestock Products market. Additionally, the country has a strong culinary culture that values high-quality, locally sourced ingredients, which has helped to drive demand for specialty meat products.

Underlying macroeconomic factors: The growing demand for Other Livestock Products in Spain is also being driven by broader macroeconomic trends. The country has experienced strong economic growth in recent years, which has led to an increase in disposable income and a corresponding rise in demand for premium food products. Additionally, Spain has a large and growing tourism industry, which has helped to drive demand for high-quality local cuisine.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.