Feed Software Market Size
| 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 |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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.
Increasing Usage of Feed Software in the Asia - Pacific Region
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
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Adifo Software
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Evonik
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Format Solutions
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Kemin
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Alltech
*Disclaimer: Major Players sorted in no particular order
Feed Software Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of Substitute Products
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4.4.4 Threat of New Entrants
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4.4.5 Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Feed Formulation Software
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5.1.2 Animal Simulation Model
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5.1.3 Other Types
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5.2 Animal Type
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5.2.1 Swine
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5.2.2 Poultry
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5.2.3 Ruminant
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5.2.4 Aquaculture
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5.2.5 Other Animal Types
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Spain
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Germany
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5.3.2.5 Russia
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5.3.2.6 Italy
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5.3.2.7 Rest of Europe
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5.3.3 Asia - Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia - Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 South Africa
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5.3.5.2 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Mergers and Acquisitions
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6.3 Company Profiles
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6.3.1 Format Solutions
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6.3.2 Adifo Software
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6.3.3 AgroVision
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6.3.4 Kemin
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6.3.5 Feedlogic Corporation
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6.3.6 Prairie Systems
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6.3.7 Evonik
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6.3.8 Cultura Technologies
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6.3.9 Agentis Innovations
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6.3.10 GlobalVet LINK
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6.3.11 Adisseo
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6.3.12 Danisco Animal Nutrition
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6.3.13 Alltech Inc.
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6.3.14 DHI - Provo
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6.3.15 Easy Automation Inc.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 | |||||||||
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Feed Software Market Research FAQs
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.
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.
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.
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).
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.
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.
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.
