-- Feed formulation and feed management have been a major concern to feed producers, animal farmers, and veterinarians all over the world. Feed formulation software calculates the amount of feed ingredients that need to be combined to form single uniform diet for animals that accomplish all of their nutrient requirements. Since nutrient values vary according to animals and their age, one need to keep formulating feed at various stages of the animal’s life. This is a tedious job to do manually where as a software can perform various calculations within no time. “Meticulous Research” in its latest publication states that, the “global market for feed software is expected to grow at a CAGR of 6.2% from 2017 to 2022 to reach $281.9 million by 2022.”
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This growth is primarily driven by the growing demand for inclusion of enzymes in feed and quality management, growing animal population, increasing demand for healthy animal food products, growing animal health expenditure and pet insurance, and reduction in feed production cost.
The global population continues to grow and is becoming increasingly urbanized. These demographic shifts mean much of the increase in demand is coming from emerging markets, in regions such as Asia and Latin America. As incomes increase, demand for greater food variety grows. Demand for higher value and quality foods such as meat, eggs and milk rises, compared with food of plant origin such as cereals. These changes in consumption, together with sizeable population growth, have led to large increases in the total demand for high quality animal products in many developing countries, and this trend will continue.
Global demand for pork, beef and milk continues to increase, driven by urbanization, population growth and rising incomes. According to Food and Agriculture Organization of United States, annual meat consumption in developing countries is projected to increase by 2030 from 25.5 to 37 kg per person, compared with an increase from 88 to 100 kg in industrial countries. Consumption of milk and dairy products will rise from 45 kg/ person/p.a. to 66 kg in developing countries, and from 212 to 221 kg in industrial countries. For eggs, consumption will grow from 6.5 to 8.9 kg in developing countries and from 13.5 to 13.8 kg in industrial countries. Thus, rising demand for high quality animal derived food products is a major factor responsible for the growth of this market.
The report provides meticulous analysis of feed software market on the basis of software delivery mode (on-premises, and web/cloud based), animal type (ruminants, swine, and poultry), application (feed formulation, feed management, ration balancing, and quality control), end user (feed producers, animal farmers, nutrition consultants, and veterinarians), and geography.
The key players analyzed in the Feed Software Market are PrairiE Systems (U.S.), AFOS (U.S.), Cultura Technologies (Georgia), GlobalVet LINK (FeedLINK) (U.S.), Easy Automation, Inc. (U.S.), Landmark feeds, Inc. (Canada), Supervisor Systems (U.S.), Cargill Incorporated (U.S.), MTech-Systems (Georgia), and Feedlogic Corporation (U.S.).
Key Topics Covered in This Report:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Share Analysis
5. Market Insights
6. Global Feed Software Market, By Mode of Delivery
7. Global Feed Software Market, By Application
8. Global Feed Software Market, By Animal Type
9. Global Feed Software Market, By End User
10. Geographic Analysis
11. Competitive Landscape
12. Company Profiles
13. Appendix.
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About Meticulous Research®
Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Contact Info:
Name: Viren Shrivastava
Email: Send Email
Organization: Meticulous Market Research Pvt. Ltd.
Address: Wembley, Middlesex- HA0 4JH, U.K.
Phone: +44-203-868-8738
Website: https://www.meticulousresearch.com/product/feed-software-market-global-forecast/
Release ID: 447096
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