Dublin, July 21, 2020 (GLOBE NEWSWIRE) -- The "Global Feed Software Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The feed software market was valued at USD 171.0 million in 2018 and is expected to reach USD 244.3 million in 2024, registering a CAGR of 6.1% during the forecast period.

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.

Key Market Trends

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

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.

Competitive Landscape

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.

Reasons to Purchase this report:

Key Topics Covered:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitute Products
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Feed Formulation Software
5.1.2 Animal Simulation Model
5.1.3 Other Types
5.2 Animal Type
5.2.1 Swine
5.2.2 Poultry
5.2.3 Ruminant
5.2.4 Aquaculture
5.2.5 Other Animal Types
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Germany
5.3.2.5 Russia
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia - Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia - Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
6.3.1 Format Solutions
6.3.2 Adifo Software
6.3.3 AgroVision
6.3.4 Kemin
6.3.5 Feedlogic Corporation
6.3.6 Prairie Systems
6.3.7 Evonik
6.3.8 Cultura Technologies
6.3.9 Agentis Innovations
6.3.10 GlobalVet LINK
6.3.11 Adisseo
6.3.12 Danisco Animal Nutrition
6.3.13 Alltech Inc.
6.3.14 DHI - Provo
6.3.15 Easy Automation Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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