Press release
Feed Software Market size, trends, demand, analysis, Market Forecast 2023-2030
Feed Software Market - DataM Intelligence 4Market Research
Feed software is used to create and manage feed formulations by feed makers, formulators, nutritionists, and veterinarians. It has a report-generation tool for planning a healthy diet and assessing expenses. It also gives information on vendors that supply low-cost ingredients. It also saves time, lowers manufacturing costs, decreases human calculation errors, and handles animal nutrition needs, component details, and composition.
One of the primary drivers driving market growth is the rising modernization of the livestock industry, particularly in emerging nations. Furthermore, rising meat consumption drives demand for animal feed across the globe. Aside from that, since feed formulation is a challenging process that usually results in the excess or under-use of a few chemicals, feed product optimization approaches are in high demand. Convergence with the rapidly increasing animal population adds to market expansion.
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Market Segmentation
By Type
• Feed Formulation Software
• Animal Simulation Model
• Others
By Animal Type
• Swine
• Poultry
• Ruminant
• Aquaculture
• Others
Regional Insights
The Asia-Pacific region dominated the global feed software market in 2022. Asia's leading producers of feed employing cutting-edge technology include China, India, Japan, and Australia. Because many feed-producing enterprises employ technology to generate excellent feed, China is the main market for feed software. Because of insect concerns and greater usage of chemical treatments, the Chinese government has announced measures to reduce the amount of grassland and marginal areas utilized to produce maize. Cargill is spending more than USD 15 million to build a piglet feed manufacturing line for its existing premix and nutrition facilities in China, increasing its young animal nutrition expertise. Key market players are also developing new goods and concentrating on strategic alliances, mergers, joint ventures, and acquisitions in order to grow their market share in response to customer demand. For example, on September 7, 2022, ANDRITZ launched two game-changing technologies for the animal feed business at VICTAM Asia 2022, which is presently taking place at the Impact Exhibition Centre in Bangkok, Thailand.
Competitive Landscape
The major players in the market are Adifo Software, 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., and Easy Automation Inc.
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