Market Size of Global Feed Software Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 226.73 Billion |
Market Size (2029) | USD 304.84 Billion |
CAGR (2024 - 2029) | 6.10 % |
Fastest Growing Market | Middle East and Africa |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Feed Software Market Analysis
The Global Feed Software Market size is estimated at USD 226.73 billion in 2024, and is expected to reach USD 304.84 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).
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.