Spain and Portugal are excellent markets to invest in due to their consistent growth. We suggest you take advantage of this prospective time and expand your company to these markets.

Opportunities in the Spanish meat market

Spain’s meat market is on the rise. Not only is it their fourth-largest sector, but it is also the largest segment in the food and drink industry. It’s clear to see that this growth won’t be slowing down anytime soon. 

Spaniards consume a large amount of meat, which is evident from the numbers.

Spain receives €22, 600 billion in revenue from meat sales, amounting to 21% of their food sector’s income. 

They’re not short on workers either, as the meat industry makes up for 25.2% of employees in the food sector. This adds up to 99,859 people.

There are around 2,800 companies in the Spanish meat sector. Some of the leading names include Campofrío Food Group SA (worth €2.1 billion) and Vall Companys Grupo (worth almost €2 billion).

Spain has also had a 31% growth in vegan meat sales. It might not be the most traditional route to go down, but it could offer new opportunities and another income stream. Meat companies, such as Richmond, have benefited from selling products into this rising sub-sector. 

Opportunities in the Portuguese meat market

Portugal’s meat market is set to increase by 1.9% from 2022 to 2026. Some of the top meat companies in Portugal include Smith Field Foods, Cargill Incorporated and JBS. 

Portugal is ranked 9th in Europe for poultry meat processing, which indicates how successful their market is. This area of the industry is worth €1.3 billion and has a market size growth of 4.7%. Now is the perfect time to get involved.

By 2025, Portugal will receive a $963.07 million revenue from meat and poultry products. With the average person in Portugal consuming 72kg of meat a year, sales are consistently on the rise.

The Spanish and Portuguese meat market at Meat Attraction

Meat Attraction is the leading meat exhibition in Spain. It connects exhibitors with potential suppliers, customers and other professionals in the industry.

This year’s edition will take place on 8-10 March 2022 at IFEMA Madrid. At the previous edition, 20,000 professional visitors attended and 600 companies took part. 

Meat Attraction is a great way to connect with professionals in the Spanish and Portuguese meat market to find out more. If you would like to exhibit, please click here. To attend as a visitor, please click here.

How can How2Go UK help you expand to the Spanish and Portuguese meat market?

If you would like to develop in these markets, we are happy to help you make that step. Our team of consultants have years of experience in internationalisation and strong knowledge in this sector. Please get in touch with Louisa Criscenti-Brown (Director at H2G UK) to discuss your next steps.