You Need to No About Feed Software: Feed Software Market
Feed
Software Market by Type (Feed Formulation, Animal Simulation Model),
Deployment Mode (On-premise, Cloud-based Software), Animal Type (Poultry,
Ruminants, Aquaculture, Pet), End Users (Feed Manufacturers, Animal Farmers) -
Global Forecast to 2030,’ the feed software market is expected to reach $456.1
million by 2030, at a CAGR of 6.2% from 2023 to 2030.
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The growth of this market is attributed to the adoption of
digital technologies and automation in the animal feed industry, the growing
animal population, increasing demand for healthy animal-based food products,
increasing animal health expenditure and pet insurance, and the growing need to
reduce feed production costs. Additionally, Integration with IoT and big data
and emerging economies offer significant growth opportunities for feed software
vendors. However, low animal health awareness in developing countries restrains
feed software market growth.
The feed software market study is segmented based on type,
deployment mode, animal type, end user, and geography. The study also evaluates
industry competitors and analyses the market at the regional and country
levels.
Based on type, the feed software market is segmented into
feed formulation software, animal simulation model, and other types. In 2023,
the feed formulation software segment is expected to account for the largest
share of the feed software market. The large market share of this segment is
attributed to increased animal feed production, high demand for customized feed
for animals, and a rise in focus on feed production optimization.
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Based on deployment mode, the feed software market is
segmented into on-premise software and cloud-based software. In 2023, the
on-premise software segment is expected to account for the larger share of the
feed software market. The on-premise deployment mode is commonly used for
various tasks, including feed management, a high level of security in feed
formulation, and complete control of users, which is attributed to the major
share of this segment. However, the cloud-based software segment is expected to
register the highest CAGR during the forecast period. Cloud-based feed software
solutions are increasingly preferred due to their advantages, such as
scalability, flexibility, and cost efficiency. Furthermore, these cloud-based
systems offer real-time data access, making them ideal for businesses with
multiple locations.
Based on animal type, the feed software market is segmented
into poultry, ruminants, swine, aquaculture, pets, and other animal types. In
2023, the poultry segment is expected to account for the largest share of the
feed software market. The huge demand for poultry feed due to the rising
consumption of poultry meat and eggs and the increasing popularity of poultry
products among fitness enthusiasts as the least expensive source of protein
contributes to the large market share of the poultry segment.
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Based on end user, the feed software market is segmented
into feed producers, animal farmers, nutritional professionals, consulting
companies, veterinarians, and other end users. In 2023, the feed producers
segment is expected to account for the largest share of the feed software
market. Feed software helps producers create high-quality, consistent,
cost-effective feed formulations while improving efficiency and ensuring
compliance with regulatory requirements. The rising adoption of feed software
by feed producers with growing demand for animal protein, increasing disposable
income, and rising demand for safe & nutritious animal food production is
attributed to the large market share of this segment.
Based on geography, in 2023, North America is expected to
account for the largest share of the feed software market. However,
Asia-Pacific is projected to register the highest CAGR during the forecast
period. The growth of this regional market is attributed to increasing
investments by the major animal feed producers, increasing demand for
high-quality animal feed coupled with the rapidly growing animal husbandry
industry, and increasing adoption of digital technologies and automation in the
animal nutrition sector.
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The key players operating in the feed software market are
Adifo NV (Belgium), PrairiE Systems, LLC (U.S.), Cultura Technologies
(Georgia), Bluestar Adisseo Company (China), Dhi Computing Service, Inc.
(U.S.), Easy Automation, Inc. (U.S.), Landmark feeds, Inc. (Canada), Supervisor
Systems (U.S.), AgroVision B.V. (Netherlands), MTech-Systems (Georgia),
Feedlogic Corporation (U.S.), Cargill, Incorporated (U.S.), Dalex Livestock
Solutions LLC (U.S.), Evonik Industries AG (Germany), Format Solutions, Inc. (U.S.),
GLOBALVETLINK, L.C. (U.S.), Agentis Innovations Ltd (Cyprus), Animal Feed
Formulation Software (U.S.), GEOSAN DEVELOPMENT s.r.o (South Korea), and Kemin
Industries, Inc. (U.S.)
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