Ø Worldwide, the consumption of animal products is increasing due to rising incomes and changing dietary preferences.
Ø China is one of the largest consumers of pork, and its consumption continues to rise steadily.
Ø Global meat production is projected to rise by around 13% by 2029, driven by population growth and increasing demand for animal proteins, especially in developing countries.
Ø Worldwide, meat consumption per capita has almost doubled in the last 50 years, from 23.1 kg in 1961 to 43.2 kg in 2014.
Ø The United States has the highest meat consumption per capita at around 97kg per year, followed by Australia (95kg) and Israel (94kg).
Ø The global dairy market is forecasted to reach USD 1.2 trillion by 2030, driven by rising incomes, urbanization, and demand for nutrient-dense foods.
Ø Antibiotic use in livestock farming is expected to rise by 8% globally by 2030, with the highest increases in Africa (199%) and Asia (82%).
Ø Precision livestock farming, which uses technology for real-time monitoring and data-driven decisions, is gaining traction to improve animal welfare, productivity, and sustainability.
Ø Genetic selection and improved nutrition are being used to breed livestock that are more productive, resilient, and better adapted to local conditions.
Ø Consumer preferences are shifting towards locally sourced, organic, and free-range livestock products, driven by concerns over animal welfare, environmental impact, and food safety.
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According to a new report by Univdatos, the Animal Feed Formulation Software Market is expected to reach USD 419.45 Million in 2030 by growing at a CAGR of 7.8%. The rising global population and changing dietary preferences have led to a surge in the demand for animal-based products like meat, dairy, and eggs. This, in turn, has increased the need for efficient and optimized animal feed production to support the growing livestock industry. Furthermore, feed costs account for a significant portion of the total production costs in the livestock industry.
The report suggests that furthermore, cost optimization while maintaining quality of the livestock is one of the major factors driving the Feed formulation software helps optimize feed rations by minimizing feed costs while meeting the specific nutritional requirements of different animal species and production stages. This cost optimization leads to improved profitability for livestock producers and feed manufacturers. Moreover, there is a growing emphasis on improving animal health, productivity, and welfare in the livestock industry. Feed formulation software enables the precise formulation of feed rations tailored to the specific nutritional requirements of different animal species, ages, and production stages. This optimization of feed rations contributes to better animal health, higher productivity, and improved product quality.
Animal Feed Producers are the biggest contributor to the revenue of Animal Feed Formulation Software in the market.
Feed producers, including commercial feed mills and on-farm feed manufacturing operations, have established themselves as the major end-user segment for animal feed formulation software. This dominance can be attributed to several crucial factors. Feed producers operate on a large scale, manufacturing vast quantities of feed to cater to the ever-growing demand from livestock, poultry, and aquaculture industries. Efficient feed formulation software is essential for managing complex formulations, optimizing nutrient levels, and ensuring cost-effectiveness at such a massive scale. Furthermore, feed formulation software enables feed producers to optimize the use of raw materials, minimize waste, and achieve cost savings through advanced least-cost formulation algorithms. This cost-saving potential is a significant driver for software adoption, as it directly impacts profitability and competitiveness in the market. Additionally, modern feed formulation software often incorporates features for tracking raw materials, monitoring production processes, and maintaining comprehensive records. These capabilities enhance traceability and quality control mechanisms, which are essential for feed producers to maintain consumer trust and meet industry standards.
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Conclusion
In conclusion, the growing demand for Animal Feed Formulation Software is driven by a combination of expanding population, technological advancements, economic factors, and rapid urbanization. As the world continues to grapple with the challenges of nutritional deficiency of a major portion of the world population, signifying a need for including animal products, influencing a surge in consumption. This phenomenon is then further translated into the growing demand for animal feed formulation software to manage the well-being of livestock efficiently.
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