Feed Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Feed Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global feed software market size reached US$ 188.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 272.8 Million by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

Feed software is utilized by feed manufacturers, formulators, nutritionists, and veterinarians for creating and managing feed formulas. It offers a report generation feature for preparing a well-balanced diet and analyzing budgets. It also provides details of suppliers that are selling ingredients at a low cost. Besides this, it assists in saving time, reducing the cost of production, minimizing the human calculation error, and managing animal nutrient requirements, ingredient details and composition.

Feed Software Market Trends:

The rapid industrialization of the livestock sector, especially in developing economies, represents one of the key factors propelling the growth of the market. Additionally, the growing consumption of meat products is catalyzing the demand for animal feed around the world. Apart from this, as feed formulation is a challenging task and often leads to over usage or under usage of a few ingredients, there is a considerable need for feed product optimization techniques. This, in confluence with the significantly rising animal population, is also contributing to the market growth. Feed software reduces the cost of feed milling operations and aids in the growth and development of animals. It also helps in analyzing livestock behavior and identifying sick animals. Moreover, it can be utilized for various types of animals, such as swine, poultry, ruminant, aquaculture, and other animals. This, along with the increasing health expenditure on animals, is positively influencing the sales of feed software worldwide. Furthermore, leading market players are extensively investing in research and developments (R&D) activities to provide year-on-year software upgrades. They are also integrating surveillance cameras and sensors in feed software to monitor animal weight and feed intake, which is creating a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global feed software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, animal type, mode of delivery and end user.

Breakup by Type:

Feed Formulation Software
Animal Simulation Model
Others

Breakup by Animal Type:

Swine
Poultry
Ruminant
Aquaculture
Others

Breakup by Mode of Delivery:

On-premises
Cloud-based

Breakup by End User:

Feed Producers
Animal Farmers
Nutritional Professional and Consultants
Veterinarians
Others

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Adifo, Agrovision B.V., Alltech Inc., Animal Feed Formulation Software, Bluestar Adisseo Company (China National Bluestar (Group) Co. Ltd.), Cargill Incorporated, Cultura Technologies Inc. (Volaris Group Inc.), Dalex Livestock Solutions LLC, DHI Computing Service Inc, Easy Automation Inc. , Feedlogic Corporation, PrairiE Systems LLC (United Animal Health Inc.) and Supervisor Systems.

Key Questions Answered in This Report:

What was the size of the global feed software market in 2022?

What is the expected growth rate of the global feed software market during 2023-2028?

What has been the impact of COVID-19 on the global feed software market?

What are the key factors driving the global feed software market?

What is the breakup of the global feed software market based on the type?

What is the breakup of the global feed software market based on the animal type?

What are the key regions in the global feed software market?

Who are the key players/companies in the global feed software market?