Market overview

The Spain agribusiness market was valued at USD 54.71 Billion in 2024 and is expected to grow to USD 69.96 Billion by 2033, with a CAGR of 2.77% during the forecast period of 2025-2033. Growth is driven by rising domestic demand for food products, investments in food processing and cold storage, and increasing exports of agri-food items. The market benefits from Spain's diverse agricultural output and evolving dietary preferences.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Spain Agribusiness Market Key Takeaways

• Current Market Size: USD 54.71 Billion (2024)
• CAGR: 2.77% (2025-2033)
• Forecast Period: 2025-2033
• Rising domestic food demand is driven by population growth and evolving dietary trends.
• Spain's diverse agriculture includes fruits, vegetables, grains, olive oil, and dairy products, supporting domestic consumption.
• Growing exports of olive oil, wine, fruits, vegetables, meat, and dairy are expanding market share.
• Investments in processing, packaging innovation, and cold chain logistics reinforce supply chain efficiency.
• The hospitality and tourism sectors support consistent demand for diverse local food products.

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Market Growth Factors

The increase in domestic food demand is one of the main driving forces of the Spanish agribusiness system. According to the INE's Annual Population Census, the country had a population of 48,619,695 people on 1 January 2024, with an increase of more than half a million in the previous twelve months. Rising population and changing dietary habits have resulted in a rise in the consumption of fresh and processed food products. There is an increasing demand for healthy and quality food crops which has led to the use of precision agriculture and advanced cultivation practices to improve yield and quality.

Investments in food processing plants, cold storage facilities, and logistics to ease the transport of food from the producer to the consumer are driven by increasing per capita income and domestic demand for food. Continuous demand from the hospitality and tourism industries stabilizes the market. Meanwhile, the growing food security and traceability trends further favor the adoption of innovative technologies by agribusinesses to ease and ensure quality control.

The agribusiness industry in Spain is export-oriented. Spain is a strong exporter of olive oil, wine, fresh fruits, vegetables, meat, and dairy products in Europe, and to countries in North America and emerging markets of the rest of the world. Government data showed olive oil exports had exceeded 023/24 crop season.

Such a continuous export demand encourages a greater production and helps in adopting new technologies matching international standards. The export market enables investments to improve processing and packaging technology as well as the cold chain to extend the shelf life. Spain's geographical situation and trade agreements ease access to international markets. Demand elsewhere in the world for Mediterranean diet products allows production for the premium segment in Spain, where producers earn a higher price if they invest in modernization and expansion.

The success of the export market is said to drive long-term viability, innovation, and productivity. It encourages farmers and processors to produce higher quality products and adopt sustainable practices, by increasing production and allowing a wider adoption of sustainable agribusiness practices in Spain and thus ensuring active market viability.

Spain Agribusiness Market Segmentation

Product Insights:

• Grains
• Wheat
• Rice
• Coarse Grains - Ragi
• Sorghum
• Millets
• Oilseeds
• Rapeseed
• Sunflower
• Soybean
• Sesamum
• Others
• Dairy
• Liquid Milk
• Milk Powder
• Ghee
• Butter
• Ice-cream
• Cheese
• Others
• Livestock
• Pork
• Poultry
• Beef
• Sheep Meat
• Others

Each product segment includes various sub-categories covering grains such as wheat, rice, and coarse grains; oilseeds including rapeseed and sunflower; dairy products comprising liquid milk, ghee, and cheese; and livestock items like pork and poultry, reflecting the broad agribusiness spectrum in Spain.

Regional Insights

The report categorizes Spain agribusiness market regionally into Northern Spain, Eastern Spain, Southern Spain, and Central Spain. These regions encompass the major agricultural zones contributing to the overall market. The source does not provide specific statistics such as market share or CAGR for these regions.

Recent Developments & News

In February 2025, Impact Bridge launched the 'Impact Bridge Sustainable AgriFood Fund I Innvierte, FCR' (IB SAF I), a private equity fund targeting  0150 Million to promote an eco-friendly AgriFood framework in Spain, supported by organizations focused on sustainable and advanced technologies. In June 2024, AITMC Ventures Limited (AVPL) International, an agri-drone company, planned to establish 20 World Skill and Incubation hubs plus 50 Global Skill and Incubation hubs across 12 states, in partnership with the National Skill Development Council (NSDC), aiming to train agriculture drone pilots and entrepreneurs, sending trainees to Spain, Australia, Brazil, and Latin America.

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