Modern feeds are made by carefully choosing and combining components to provide highly nutritious meals that both preserve animal health and improve the quality of end products such as meat, milk, and eggs. Thus, feed manufacturers extensively employ the feed management system to monitor and regulate their production activities while preserving inventory. Feed management contributes to increased income over feed costs through progress reporting, data exchange, flexibility, and adaptation. Furthermore, third-party consultants on the farm have access to the technology, communication is enhanced, and modifications to animal diets can be done in a more proactive and timely manner without the requirement for consultants to be on the farm. All of these feed management software benefits will drive the feed management segment throughout the predicted period. According to OMR Research, the market is expected to grow at a CAGR of 6.9% during the forecast period (2022-2028). The market was valued at $253.0 million in 2021 and is anticipated to reach $403.0 million in 2028.
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Segments of the Market
The global feed management software market is segmented based on type, mode of delivery, animal type, and application. Based on type, the market is sub-segmented into feed formulation software, feed formulation software, and others. Based on mode of delivery, the market is sub-segmented into on-premises and cloud-based. Based on application, it is sub-segmented into feed formulation, feed management, ration balancing, quality control, and others. Further, based on animal type, the market is sub-segmented into ruminants, swine, poultry, and others.
Recent Developments
Format Solutions, Inc., Adifo NV, Kemin Industries, Inc., Prairie Systems, Evonik Industries AG, Cultura Technologies LLC, and Agentis Innovations Ltd. are among the leading firms providing the worldwide feed management software industry. To remain competitive in the market, market players are significantly contributing to market growth via the implementation of different strategies such as mergers and acquisitions, partnerships, funding, and new product launches. Some of the recent developments in the market include:
- In May 2022, Cloudfarms and SUISAG collaborated to create the sophisticated application Pig Passport for existing production management systems. The tool allows breeding farms, production farms, and processors to record and analyze swine production data from birth through slaughter. Furthermore, the recorded production data includes a wide range of information, including the pig’s genetic genealogy, feed consumption, and other health information.
- In April 2022, Trouw Nutrition made remote access and data logging available to feed mills. Selko Feed Additive Solutions now include remote data and logging capabilities, according to the business. Dosage engineers may monitor, diagnose, and change product dosing during feed production through “the cloud” using remote access and recording technologies.
- In August 2022, International Flavours & Fragrances Inc. (IFF) spent $15.8 million in three of its innovation centers in Brazil, Colombia, and Chile. The new facilities will aid in product creation and development for a variety of sectors, including animal nutrition and health care.
- In January 2022, Cargill introduced two new AI-driven technologies to its portfolio: Galleon and Birdoo, which provide poultry growers with actionable information. Cargill’s Galleon technology allows broiler farmers to determine how changes in raw materials, nutrition, additives, immunization programs, and farm management methods affect their flock’s microbiome.
- In December 2020, in collaboration with Adifo Software, BASF launched a new digital solution for the animal agricultural value chain by incorporating sustainability statistics from Adifo’s BESTMIX feed formulation software into BASF’s AgBalance Livestock project. The alliance will assist the value chain in animal agriculture in proactively managing and optimizing feed formulation based on cost and nutrition while taking the sustainability of the environment into consideration.
Conclusion
The market is being driven by the increased need for cloud-based software to regulate and monitor feed performance. The growing livestock population, as well as the substantial demand for a nutritionist diet rich in proteins, fibers, acidifiers, antibiotics, carbohydrates, minerals, enzymes, and antioxidants, are also driving global demand for feed management software.
Feed management software features feed formulation, quality data management, ration calculation, and corporate resource planning (ERP). These allow feeders to improve performance while keeping total operational control. In addition, the accompanying increase in global food demand is rising meat and beef consumption, which increases the need for software to control cattle health and diet. Due to all such reasons, the feed management software market will boost during the forecast period.
Market Segmentation
By Type
- Feed Formulation Software
- Animal Simulation Model
- Others
By Mode of Delivery
- On Premise
- Cloud Based
By Animal Type
- Ruminants
- Swine
- Poultry
- Others
By Application
- Feed Formulation
- Feed Management
- Ration Balancing
- Quality Control
- Others
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Feed Management Software Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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.
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