How big is the Global Feed Software Market?

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. Read More

What is the current Global Feed Software Market size?

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

Who are the key players in Global Feed Software Market?

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

Which is the fastest growing region in Global Feed Software Market?

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

Which region has the biggest share in Global Feed Software Market?

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

What years does this Global Feed Software Market cover, and what was the market size in 2023?

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. Read More

Global Feed Software Market Trends

Statistics for the 2023 & 2024 Global Feed Software market trends, created by Mordor Intelligence™ Industry Reports. Global Feed Software trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Global Feed Software Industry

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.

Understand The Key Trends Shaping This Market

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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.