USD 1.2 billion
Feed Software Market Size, Share, Growth Analysis, By Animal type(Swine, Poultry, Ruminant, Aquaculture), By Type(Feed Formulation Software, Animal Simulation Model & Others), By Mode of Delivery(On-premises, Cloud-based), By end use(Feed Producers, Animal Farmers, Nutritional Professional and Consultants, Veterinarians), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2086 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
117
|Figures:
77
Feed Software Market Insights
Feed Software Market size was valued at USD 1.2 billion in 2019 and is poised to grow from USD 1.29 billion in 2023 to USD 2.4 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).
In generating and maintaining feed formulations, feed nutritionists, formulators, veterinarians, and manufacturers use feed software. It provides budget reports and charts to help you prepare a well-balanced diet and gives information about suppliers who sell items for cheap. By choosing and combining ingredients that preserve the health of animals and enhance the quality of by-products like meat, milk, or eggs, it also aids in the production of nutrient-dense feed. Feed software is becoming more popular these days since it helps with time savings, manufacturing cost savings, and avoiding human calculation errors. The trend toward new technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) offers this industry additional growth potential in the coming years.
US Feed Software Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Poultry
Fastest Growth
Poultry
Growth Rate
7.4% CAGR
Global Feed Software Market ($ Bn)
Country Share for North America Region (%)
Country Share for Aisa Pacific Region (%)
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Feed Software Market Segmental Analysis
Global feed software Market is segmented based on the Type, Animal Type, Mode of Delivery end user, and region. Based on type Global market is segmented into Feed Formulation Software, Animal Simulation Model & Others. Based on the Animal Type Swine, Poultry, Ruminant, Aquaculture. Based on the Mode of Delivery into the On-premises, Cloud-based. Based on the end user, it is segmented into Feed Producers, Animal Farmers, Nutritional Professional and Consultants, Veterinarians. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Feed Software Market Analysis by Mode of Delivery
A feed management system that is deployed on the business's servers is known as on-premise software. As long as there is an internet connection, it can be viewed from an internal computer or via a web browser. On-premise applications provide a variety of benefits and drawbacks, but they might not be suitable for everyone due to the significant initial investment in hardware infrastructure and continuous maintenance costs, such as those associated with security upgrades. A software application or service that is "cloud-based" runs its operations from servers in which the data and software are kept for all users. Users of the cloud often do not need to install any software; instead, they can access all software packages as web applications via a web browser or a mobile app.
Feed Software Market Analysis by Animal Type
The edible bird flesh used in cuisine is termed poultry, sometimes known as poultry meat or fowl. It can be eaten either raw or cooked. The term "poultry" refers to any feathered game animal kept for its feathers or eggs (such as chicken), whereas the term "fowl" refers to the actual living bird. Quail, pheasant, and turkey are examples of gamefowl that are included in the category of poultry that usually includes chickens.
Global Feed Software Market By Animal type
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Feed Software Market Regional Insights
Due to its widespread acceptance and expanding demand from the region's dominant poultry sector, North America held a sizable part of the global market for feed management software. The Latin American markets would have overtaken Europe in terms of the use of feed management software systems, including leasing and financing options for agricultural equipment.
The leading producers of feed are Asian nations like China, India, Japan, and Australia, who also employ the newest technologies in this industry. China is the largest market for feed software since there are the most feed manufacturing businesses there and because they use technology to produce high-quality feed. Due to pest issues and a rise in the usage of chemical treatments, the Chinese government has launched measures to reduce the amount of grassland and marginal lands used to grow rice.
Global Feed Software Market By Region
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Feed Software Market Dynamics
Feed Software Market Drivers
Increasing Demand for Wholesome Animal Food Products to Boost Market Growth
- The global feed software market is primarily being driven by the increasing usage of feed software to maximise profits over feed costs, progress reporting and data sharing, and flexibility and adaptability as per changing scenarios. Additionally, it is projected that increasing investment and development of key players in the feed management segment will propel the worldwide feed management software market during the forecast period.
- The rising demand for the inclusion of enzymes in feed and quality control, the expanding animal population, the rising demand for wholesome animal food products, the increased costs of pet insurance and animal health care, as well as the falling cost of feed manufacturing.
Feed Software Market Restraints
Lack of Animal Health to Hinder Market Growth
- However, it is anticipated that a lack of veterinarians in developing nations and a lack of knowledge about animal health would in some cases restrain market expansion.
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Feed Software Market Competitive Landscape
Small- to medium-sized feed software producers make up a large portion of the market, together with a select group of well-known companies including Format Solution, Adifo Software, Kemin, Evonik, DuPont, and Alltech. The most cost-effective feed formulation, ratio calculation, cloud services, and ERP are just a few of the software solutions for the feed business that Adifo Software, a top provider of feed software, offers.
Feed Software Market Top Player's Company Profiles
- Adifo NV
- Alltech Inc.
- Anpario plc
- Archer Daniels Midland Company
- Cargill, Inc.
- Chr. Hansen Holding A/S
- Evonik Industries AG
- ForFarmers NV
- Land O'Lakes Inc.
- Lallemand Inc.
- Nutreco NV
- Phibro Animal Health Corporation
- Provimi Holding BV
- Ridley Corporation Limited
- Skretting AS
- Trouw Nutrition International BV
- Vetanco SA
- WATT Global Media, Inc.
- Zeeland Farm Services Inc.
- Zoetis Inc.
Feed Software Market Recent Developments
- In March 2022, AgriWebb announced its growth in the US in order to assist ranchers across the nation in better utilising their data to boost production, sustainability, and efficiency on-ranch. The business advances the sector by displacing handwritten notebooks. Ranchers can enter data both online and offline into their mobile devices, giving them access to real-time information.
- In August 2022, all of the research centres operated by International Flavors & Fragrances Inc. (IFF) in Brazil, Colombia, and Chile received investments totaling $15.8 million. The newly constructed facilities will aid in product development for a number of industries, including animal nutrition and health.
Feed Software Key Market Trends
- The growing market for animal feed as a result of rising meat consumption has demanded feed production optimization, especially when done on an industrial scale, to assure low costs and high-quality feed. Animal feed formulation is a difficult process that frequently results in the over or underuse of a few substances. When ingredients are used excessively, feed grinding procedures become more expensive, and when they are used insufficiently, animals' growth and development may suffer. The feed software market will be driven during the forecasted period by the growing output of animal feed around the world.
Feed Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global feed software market analysis, The market for feed management software is growing, and some repeating trends have been identified. It is important to remember that improvements in online sales management directly contributed to the market growth for feed management software.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.2 billion |
| Market size value in 2031 | USD 2.4 billion |
| Growth Rate | 7.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Feed Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Feed Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Feed Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Feed Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Feed Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Feed Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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