Dublin, June 28, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Feed Software Market: Global Forecast to 2022" report to their offering. Since the last decade, growing number of firms began to offer software targeted for use in feed formulation, feed management, ration balancing, and quality control of the feed. In order to improve overall feed management, the importance of excellent feed software has increased significantly. The global market for feed software will increase at a CAGR of 6.2% from 2017 to 2022 to reach USD 281.9 million by 2022, 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. However, shortage of veterinarians in emerging markets and low animal health awareness in developing countries is expected to hinder the growth of the market to some extent.
While overall animal health marketplace has continued to grow and has affected almost all veterinary practices, there have been indications that the information technology systems can have a very positive effect on improving the feed management by reducing the feed production costs. Feed production costs remain the single largest expense in the livestock sector. In a typical year, feed equates to approximately half of total enterprise costs. As such, it is important to minimize feed costs, without hindering production.
Feed software reduce feed production cost by enhancing pasture productivity, analyzing forages, incorporating alternative feeds, utilizing a ration balancing program, and minimizing wastes. Therefore, with the growing animal population and increasing requirements for animal performance, physical characteristics, quality and functionality, and profitability of the feed manufacturing enterprise; the adoption of feed software is expected to increase significantly in the next few years. Market Dynamics
Drivers
- Growing Demand for Inclusion of Enzymes in Feed and Quality Management
- Growing Animal Population
- Increasing Demand for Healthy Animal Food Products
- Increasing Animal Health Expenditure and Pet Insurance
- Growing Need to Reduce Feed Production Cost
Restraints
- Shortage of Veterinarians in Emerging Markets
- Low Animal Health Awareness in Developing Countries
Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Insights 5. Feed Software Market, By Mode of Delivery 6. Feed Software Market, By Application 7. Feed Software Market, By Animal Type 8. Feed Software Market, By End User 9. Geographic Analysis 10. Company Profiles
- Adifo Software
- Adisseo France Sas
- Agentis Innovations Ltd.
- Agrovision B.V.
- Animal Feed Formulation Software, Llc
- Cargill Incorporated
- Cultura Technologies, Llc
- Dalex Livestock Solution, Llc.
- Dhi Computing Service, Inc.
- Easy Automation Inc.
- Feedlogic Corporation
- Geosan Ltd.
- Globalvetlink, Lc.
- Landmark Feeds Inc.
- Mtech-Systems Llc.
- Prairie Systems Llc
- Supervisor System
For more information about this report visit https://www.researchandmarkets.com/research/9...d_software
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