The latest research study “Feed Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global feed software market reached a value of US$ 177.08 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 258.97 Million by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Feed software is utilized by feed nutritionists, formulators, veterinarians, and manufacturers to create and manage feed formulas. It generates budget reports and charts to prepare a well-balanced diet while providing details of suppliers that are selling ingredients at a minimal cost. It also helps in producing nutritious feed by selecting and mixing ingredients that maintain animals’ health and improve the quality of end products such as meat, milk, or eggs. Nowadays, feed software is gaining traction as it aids in saving time, reducing manufacturing costs and minimizing human calculation errors.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Feed Software Market Trends and Drivers:
The market is primarily driven by the expanding industrialization of the livestock sector, especially in developing economies. In addition, the rising consumption of meat products is accelerating the product adoption rate.
Besides this, feed software reduces the cost of feed milling procedures and helps analyze livestock behavior to identify sick animals. Furthermore, it can be utilized for several types of animals, such as ruminants, aquaculture, poultry, swine, and other animals. This, coupled with the rising animal population and increasing health expenditure on animals, is positively influencing market growth.
Moreover, manufacturers are investing in research and development (R&D) activities to introduce year-on-year software upgrades, which is further creating a positive market outlook.
|Market size value in 2021||US$ 177.08 Million|
|Market forecast in 2027||US$ 258.97 Million|
|Growth Rate||CAGR of 6.30% from 2022 to 2027|
|Base year for estimation||2021|
Global Feed Software Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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The report has segmented the market on the basis of region, type, animal type, mode of delivery and end user.
Breakup by Type:
• Feed Formulation Software
• Animal Simulation Model
Breakup by Animal Type:
Breakup by Mode of Delivery:
Breakup by End User:
• Feed Producers
• Animal Farmers
• Nutritional Professional and Consultants
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
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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Source: Digital Journal