Meat - Spain

Spain

Gross production value in Meat market is projected to amount to €11.29bn in 2024. An annual growth rate of 2.70% is expected (CAGR 2024-2028), resulting in gross production value of €12.56bn in 2028.
The import value in Meat market is projected to amount to €0.6bn in 2024. An annual growth rate of -4.61% is expected (CAGR 2024–2028).
The export value in Meat market is projected to amount to €7.9bn in 2024. An annual growth rate of 15.06% is expected (CAGR 2024–2028).

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

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Analyst Opinion

Spain, a country known for its rich culinary culture, has a thriving meat market. The consumption of meat in Spain has been on the rise, and the market has been evolving to meet the changing needs of the customers.

Customer preferences: The Spaniards are known for their love for meat, and their preference for high-quality meat products is evident in the market. The customers are increasingly looking for meat products that are not only fresh but also sourced ethically. The demand for organic and free-range meat has been on the rise, and the market has been adapting to meet this demand. The customers are also looking for meat products that are easy to cook and can be prepared quickly. The market has been responding to this demand by offering a wide range of processed meat products.

Trends in the market: One of the significant trends in the meat market in Spain is the increasing demand for plant-based meat products. The awareness of the environmental impact of meat consumption has been on the rise, and the customers are looking for meat alternatives that are sustainable and ethical. The market has been responding to this demand by offering a wide range of plant-based meat products that cater to the changing needs of the customers. Another trend in the market is the increasing popularity of online meat delivery services. The customers are looking for convenience, and the online meat delivery services offer just that. The market has been adapting to this trend by offering a wide range of online meat delivery services that cater to the changing needs of the customers.

Local special circumstances: Spain is known for its rich culinary culture, and the meat market is no exception. The market is heavily influenced by the local cuisine, and the customers are looking for meat products that are used in traditional Spanish dishes. The market has been adapting to this demand by offering a wide range of meat products that are used in traditional Spanish dishes. Another local special circumstance is the importance of family and social gatherings in the Spanish culture. The customers are looking for meat products that are suitable for large gatherings and can be cooked easily. The market has been responding to this demand by offering a wide range of processed meat products that cater to the changing needs of the customers.

Underlying macroeconomic factors: Spain has been experiencing steady economic growth, and the meat market has been benefiting from this growth. The increasing per capita income has led to an increase in the demand for high-quality meat products. The market has been adapting to this demand by offering a wide range of high-quality meat products that cater to the changing needs of the customers. Another macroeconomic factor that has been influencing the meat market in Spain is the increasing tourism. The tourists are looking for authentic Spanish culinary experiences, and the meat market has been responding to this demand by offering a wide range of meat products that are used in traditional Spanish dishes.

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.