Feed Software Market (2023-2030)
The Feed Software Market is expected to reach $456.1 million by 2030, at a CAGR of 6.2% during the forecast period of 2023 to 2030.
- Published
- Jul 2023
- Pages
- 175
- Format
- PDF + Excel
- Report ID
- MRAGR - 104107
- Base year
- 2022
- 2030 · FORECAST
- $456.1M
- 2030
- $456.1M
- CAGR 2023–2030
- 6.2%
2022 baseline · 2023–2030 forecast at 6.2% CAGR · hover a bar for the value
Key highlights
The Feed Software Market is expected to reach $456.1 million by 2030, at a CAGR of 6.2% during the forecast period of 2023 to 2030.
The feed formulation segment is expected to account for the largest share of the feed software market
The poultry segment is expected to account for the largest share of the feed software market.
The feed producers segment 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.
North America’s major market share is attributed to the high awareness about the quality of meat-based products, increased consumption of animal-based products, high adoption of digital technologies, & automation by the manufacturers and healthcare providers in the region, and high concentration of feed-producing companies.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 456.1 million |
| CAGR (2023–2030) | 6.2% |
| Format | PDF, Excel & Cloud Portal · 175 pages |
| Segments Covered | By Type: Feed Formulation Software, Animal Simulation Model, Other Types · By Deployment Mode: On-premise Software, Cloud-based Software · By Animal Type: Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animal Types · By End User: Feed Producers, Animal Farmers, Nutritional Professionals, Consulting Companies, Veterinarians, Other End Users |
| Countries Covered | North America (Canada), Europe (Germany, France, U.K., Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Latin America (Brazil) |
| Key Companies | Adifo NV, PrairiE Systems, LLC, Dhi Computing Service, Inc., Easy Automation, Inc., Feedlogic Corporation, Dalex Livestock Solutions LLC, Evonik Industries AG, Format Solutions, Inc., Agentis Innovations Ltd, Kemin Industries, Inc. |
Report overview
Segments covered: type, deployment mode, animal type, end user. Regions: North America, Europe, Asia-Pacific, Latin America.
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 may restrain the feed software market growth.
Report infographic
Digital Technologies and Automation in the Animal Feed Industry Drive the Market for Feed Software
Digital technologies in livestock farming efficiently map, monitor, and manage farming decisions precisely. Digital agriculture solutions come in various formats, such as satellite imagery, sensors, agriculture machines, and software solutions. As the animal feed industry becomes more specialized, there is a growing need for feed software to provide precise and tailored formulations for different animal species and production stages. Advanced feed software can help optimize feed ingredients, nutrient levels, and production processes to improve animal performance, feed efficiency, and profitability. They play a crucial role by providing real-time data monitoring, analysis, and control of feed production processes. Automation and digitalization by software can help improve production efficiency, reduce labor costs, and enhance product quality and consistency.
Along with livestock farming, the animal feed industry is transforming, with an increasing emphasis on precision nutrition and data-driven decision-making. This has led to the adoption of advanced technologies that can help animal nutritionists, farmers, and feed manufacturers optimize feed formulation and production processes. According to an online survey of German farmers published in the International Society of Precision Agriculture, the adoption rate of digital technologies such as digital field records, automatic steering systems, and automatic milking systems for livestock farming in 2022 was 15–20%. According to the Federation of Indian Chambers of Commerce & Industry (2022), more than 500 AgriTech startups in India are growing at approximately 25% annually, in line with the Government of India’s Startup India mission. Even though the current adoption of AgriTech (agriculture technology) remains low in India, it has been projected that IoT-enabled connected agricultural practices are estimated to grow by three times by the year 2025 from 2022. This increasing adoption of digital technologies in the animal feed industry is enhancing productivity, optimizing resource utilization, and improving animal welfare.
Moreover, the growing demand for sustainable and eco-friendly feed production is also driving the adoption of advanced feed software. Feed software can help optimize production processes to reduce waste, energy consumption, and greenhouse gas emissions. This can help meet regulatory and consumer demands but also improve the overall sustainability and profitability of the animal feed industry.
Hence, the growing adoption of digital technologies and automation in the animal feed industry will likely drive further growth in the market for feed software.
Table of contents
12 chapters · 108 sections · 175 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Type | Feed formulation | — |
| By Animal Type | Poultry | Aquaculture |
| By End User | Feed producers | — |
By Type
- The feed formulation segment is expected to account for the largest share of the feed software market
- 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.
By Animal Type
- The poultry segment is expected to account for the largest share of the feed software market.
- The large market share of this segment is attributed to increasing poultry meat and egg consumption and the increasing popularity of poultry meat among fitness enthusiasts as the least expensive source of protein.
- According to OECD‐FAO Agricultural Outlook 2021–2030, global poultry meat production in 2022 was 138.8 million tonnes, an increase of 0.6% from 2021 and is expected to grow by 5.9% from 2021–2030.
- However, the aquaculture segment is expected to register the highest CAGR during the forecast period due to the high demand for customized feeding plans for aquatic animals, as they need to include specific types of nutrients and supplements to support their growth and health.
By End User
- 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 large market share of this segment is attributed to the rising demand for animal protein across the globe, increasing disposable income, and increasing demand for safe & nutritious animal food production.
Geographic analysis
Asia-Pacific
Fastest growthHowever, 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. Asia-Pacific: Fastest-growing Regional Market
North America
North America’s major market share is attributed to the high awareness about the quality of meat-based products, increased consumption of animal-based products, high adoption of digital technologies, & automation by the manufacturers and healthcare providers in the region, and high concentration of feed-producing companies.
Competitive landscape
- Adifo NV
- PrairiE Systems, LLC
- Dhi Computing Service, Inc.
- Easy Automation, Inc.
- Feedlogic Corporation
- Dalex Livestock Solutions LLC
- Evonik Industries AG
- Format Solutions, Inc.
- Agentis Innovations Ltd
- Kemin Industries, Inc.
Frequently asked questions
The feed software market is projected to reach $456.1 million by 2030, at a CAGR of 6.2% during the forecast period.
Cite this report
Meticulous Research. (2023). Feed Software Market - Global Opportunity Analysis and Industry Forecast (2023-2030) (Report No. MRAGR - 104107). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/feed-software-market-2639