Feed management software market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. Keeping track of feed inventory on-farm is a manual task that usually involves a different set of management challenges. Feed inventory allows farmers to accurately monitor and balance quantities of feed given to the animals against quantities of feed held on-farm. it enables automatic alerts to notify when stock levels reach a certain point, and in some cases, automatic re-ordering can be set up. One of the key benefits of using feed management technology is the ability to continually track and maximize Maximize income over feed cost figures. It includes the precise loading of individual ingredients and the subsequent Total mixed ration TMR mixing, tracking of feed intakes, management of feed costs, and others. The growing adoption of feed management software to maximize income over feed cost, progress reporting, and data-sharing, and flexibility and adaptability as per changing scenarios are primary factors driving the global feed management software. Also growing investment and expansion of key players in the feed management segment are anticipated to drive the global feed management software for the forecast period. For instance, in August 2022, International Flavors & Fragrances Inc. (IFF) invested $15.8 million inthree of its innovation centers in Brazil, Colombia, and Chile. The newfacilities will support product design and development, serving several industriesincluding animal nutrition and health. In February 2021, AgriWebb, announced its expansion in the US to help ranchers across the country leverage their data more effectively to increase on-ranch productivity, sustainability, and efficiency. The company helps the industry by replacing handwritten notebooks. Ranchers can input records into their mobile devices both online and offline, providing access to real-time insights. With all this data at their fingertips, AgriWebb allows ranchers to make better decisions around stocking rates, feed costs, gross margins, and more.
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The global feed management software market is segmented based on the type, mode of delivery, animal type, and application. Based on the type, the market is segmented into feed formulation software, animal simulation model, and others. Based on the mode of delivery, the market is sub-segmented into the on premise, and cloud-based. Based on the animal type, the market is sub-segmented into the ruminants, swine, poultry, and others. Based on the application, the market is sub-segmented into the feed formulation, feed management, ration balancing, quality control, and others. Among mode of delivery the cloud-based segment is anticipated for the dominant share in the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Feed management software Market by Type
- Feed Formulation Software
- Animal Simulation Model
- Others
Global Feed management software Market by Mode of Delivery
- On Premise
- Cloud Based
Global Feed management software Market by Animal Type
- Ruminants
- Swine
- Poultry
- Others
Global Feed management software Market by Application
- Feed Formulation
- Feed Management
- Ration Balancing
- Quality Control
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Adifo NV
- Adisseo France SAS
- Agentis Innovations Ltd.
- Alltech Inc.
- Cultura Technologies LLC.
- DHI – Provo
- DHI Computing Service, Inc.
- Evonik Industries AG
- Format Solutions, Inc.
- GLOBALVETLINK, L.C.
- International Flavors & Fragrances Inc.(Danisco Animal Nutrition)
- Kemin Industries, Inc.
- Prairie Systems
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global feed management software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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