Spain

Vall Companys enters the rabbit meat market

Mergers & Acquisitions

The Spanish agri-food group just acquired a plant with an annual capacity of three million rabbits.

Posted on Jul 25 ,09:24

Vall Companys enters the rabbit meat market

Vall Companys, a Spanish family-owned agri-food group, intends to diversify its production and to enter the rabbit meat market. The group used one of its subsidiaries, Avigal, to purchase the Curnican plant located in Celanova, province Ourense.
The facility has its own farm and slaughterhouse with an annual capacity of three million rabbits. The global market volume for rabbit meat will reach 1.8 million tonnes by the end of 2025 as the current trend pattern shows an expansion of 2.3% CAGR.
China was the main market for rabbit meat in the last couple of years, accounting for 62% (925,000 tonnes) of the world's total consumption (1.5 million tonnes), followed by North Korea (154,000 tonnes) and Egypt (57,000 tonnes).
In terms of production, China leads the top (932,000 tonnes), accounting for 63% of the world's rabbit meat production. North Korea ranks second (154,000 tonnes), while Spain came third with a production of 57,000 tonnes and a 3.9% market share.
Last year, the consumption of rabbit meat in Spain was 1.27 kilos per inhabitant. A report issued by the European Commission’s Food and Veterinary Services mentions a “continuous decline” in the consumption of rabbit meat in the EU which is linked to changes in consumer habits towards convenience foods and the increased perception of the rabbit as pets. Since 2018, Two interprofessional associations from Spain and Portugal, INTERCUN and ASPOC, are the beneficiaries of €4.8 million funding campaign supported by the EU for promoting rabbit meat consumption.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

Brazil

Brazil revises poultry production outlook

Poultry production in Brazil is going to slow down this year as production costs are getting high...


Read more Read more
USA

Tyson invests in US CattleTrace system

Tyson Fresh Meats, a Tyson Food subsidiary, announced its support for US CattleTrace, by that bec...


Read more Read more
INTERNATIONAL

Germany and China start talks on ASF

Federal Minister of Agriculture Julia Klöckner and her Chinese counterpart Tang Renjia...


Read more Read more
Websolutions by Angular Software and SpiderClass