Feed Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Feed Management Software System and is segmented by type (feed formulation software, animal simulation software, and other types), by animal type (swine, poultry, ruminant, aquaculture, and other animal types), and by Geography (Africa, Asia-Pacific, Europe, Middle East, North America, South America)

Feed Software Market Size

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Feed Software Market
Study Period 2019 - 2029
Market Size (2024) USD 226.73 Billion
Market Size (2029) USD 304.84 Billion
CAGR (2024 - 2029) 6.10 %
Fastest Growing Market Middle East and Africa
Largest Market Asia Pacific

Major Players

Feed Software Market Trends

*Disclaimer: Major Players sorted in no particular order

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Feed Software Market Analysis

The Global Feed Software Market size is estimated at USD 226.73 billion in 2024, and is expected to reach USD 304.84 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).

The growing demand for meat, meat products, and awareness about the meat quality have created the demand for feed additives, which is helping the growth of the feed software market. With the growing requirement for animal feed, optimizing the feed produced is very important.China and the United States are the largest user bases for feed software, especially the software for ERP management and administrative services. Additionally, due to the high concentration of feed-producing companies in developed countries like the United States, many new feed software providers, such as Cultura and Prairie Systems, have made their way into the market in the past decade.

Feed Software Market Trends

This section covers the major market trends shaping the Feed Software Market according to our research experts:

Increasing Focus on Feed Production Optimization

Increased demand for animal feed, owing to growth in the consumption of meat, has necessitated optimization of feed production, particularly when produced on an industrial scale, to ensure minimum cost and provide efficient feed. The formulation of animal feed is a challenging task, often leading to over usage or under usage of a few ingredients. Over usage of ingredients increases the cost of feed milling operations and under usage of few ingredients can have adverse effects on the growth and development of animals. The increased production for animal feed across the world will drive the feed software market during the forecasting period.

Feed Software Market Forecast

Increasing Usage of Feed Software in the Asia - Pacific Region

Asian countries, such as China, India, Japan, and Australia are the leaders in producing feed, who also use the latest technologies for producing feed. China is the leading market for feed software, as there are a maximum number of feed producing companies and are using technologies for producing quality feed. The Government of China recently announced programs to cut back on grassland and marginal lands that are used to grow corn, as there have been pest problems and an increase using chemical treatments. Cargill is bolstering its young animal nutrition capability by investing more than USD 15 million investment to add a piglet feed production line at its existing premix and nutrition facility in China.
 Feed Software Market Report

Feed Software Industry Overview

The feed software market is very fragmented, consisting of small- to medium-scale feed software manufacturers, along with few notable players, like Format Solution, Adifo Software, Kemin, Evonik, DuPont, and Alltech. Adifo Software, a leading supplier of feed software, is involved in supplying a wide range of feed industry-specific software tools for least-cost feed formulation, ratio calculation, cloud services, and ERP.

Feed Software Market Leaders

  1. Adifo Software

  2. Evonik

  3. Format Solutions

  4. Kemin

  5. Alltech

*Disclaimer: Major Players sorted in no particular order

Format Solutions, Adifo Software, AgroVision, Kemin, Feedlogic Corporation, Prairie Systems,  Evonik, Cultura Technologies, Agentis Innovations
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Feed Software Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of Substitute Products
    • 4.4.4 Threat of New Entrants
    • 4.4.5 Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Feed Formulation Software
    • 5.1.2 Animal Simulation Model
    • 5.1.3 Other Types
  • 5.2 Animal Type
    • 5.2.1 Swine
    • 5.2.2 Poultry
    • 5.2.3 Ruminant
    • 5.2.4 Aquaculture
    • 5.2.5 Other Animal Types
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Spain
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Germany
    • 5.3.2.5 Russia
    • 5.3.2.6 Italy
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia - Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia - Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East & Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 Rest of Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Mergers and Acquisitions
  • 6.3 Company Profiles
    • 6.3.1 Format Solutions
    • 6.3.2 Adifo Software
    • 6.3.3 AgroVision
    • 6.3.4 Kemin
    • 6.3.5 Feedlogic Corporation
    • 6.3.6 Prairie Systems
    • 6.3.7 Evonik
    • 6.3.8 Cultura Technologies
    • 6.3.9 Agentis Innovations
    • 6.3.10 GlobalVet LINK
    • 6.3.11 Adisseo
    • 6.3.12 Danisco Animal Nutrition
    • 6.3.13 Alltech Inc.
    • 6.3.14 DHI - Provo
    • 6.3.15 Easy Automation Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Feed Software Industry Segmentation

Feed software is of various types, depending on the need of the producer or livestock farmer. Software for feed formulation is the most widely used software segment and is defined as a mathematical tool that prepares a nutritionally complete diet of livestock, based on several input variables within certain limits.

Type Feed Formulation Software
Animal Simulation Model
Other Types
Animal Type Swine
Poultry
Ruminant
Aquaculture
Other Animal Types
Geography North America United States
Canada
Mexico
Rest of North America
Geography Europe Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Geography Asia - Pacific China
Japan
India
Australia
Rest of Asia - Pacific
Geography South America Brazil
Argentina
Rest of South America
Geography Middle East & Africa South Africa
Rest of Middle East & Africa
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Feed Software Market Research FAQs

The Global Feed Software Market size is expected to reach USD 226.73 billion in 2024 and grow at a CAGR of 6.10% to reach USD 304.84 billion by 2029.

In 2024, the Global Feed Software Market size is expected to reach USD 226.73 billion.

Adifo Software, Evonik, Format Solutions, Kemin and Alltech are the major companies operating in the Global Feed Software Market.

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Global Feed Software Market.

In 2023, the Global Feed Software Market size was estimated at USD 213.69 billion. The report covers the Global Feed Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Feed Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Feed Software Industry Report

Statistics for the 2024 Feed Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Feed Software analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Feed Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)