Press release
Feed Software Market Size to Cross US$ 258.97 Million by 2027 | Industry Trends, Forecast Report
Feed Software Market
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.
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Feed software is used to create and manage feed formulas by feed formulators, nutritionists, veterinaries, and manufacturers. It provides details about suppliers selling ingredients at discounted prices. It has a report-generation feature to prepare a well-balanced diet and analyze budgets. It helps manage animal nutrient requirements, ingredient details, and composition while saving time, lowering production costs, and reducing human calculation errors. As a result, feed software is gaining immense traction across the globe.
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.
Feed Software Market Trends and Drivers:
The global feed software market is primarily driven by the rapid industrialization of the livestock sector, especially in developing economies. Moreover, there is a rise in the need for feed product optimization techniques as feed formulation is a challenging task that often results in over or underusing a few ingredients. In line with this, the rising animal population is positively influencing market growth.
Additionally, the growing consumption of meat products has augmented the feed demand. Besides this, the surging awareness regarding feed software benefits, including reduced cost of feed milling operations, promoting the growth and development of animals, analyzing livestock behavior, and identifying sick animals, has accelerated the product adoption rate.
Furthermore, the rising use of feed software for numerous animals, such as swine, poultry, ruminant, and aquaculture, is another major growth-inducing factor.
Other factors, including the integration of surveillance cameras and sensors to monitor animal weight and feed intake, ongoing research and development (R&D) activities, increasing animal healthcare expenditure, and product innovations, are also anticipated to propel the market growth.
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Global Feed Software Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
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.
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
• 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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/feed-software-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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.
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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.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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