Request FREE sample PDF
Pharmacy benefit management market
Poultry Management Software Market Regional Insights
The global poultry management software market size expanded rapidly in 2023 & the market is expected to generate substantial revenue by 2032, with a robust CAGR during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the poultry management software market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Because broilers and laying hens are produced, poultry is one of the most dependable and significant industries in the world. Because it contributes to global food security and plays a key role in international markets, the poultry industry is regarded as one of the most significant industries in the world. Poultry management software is excellent for monitoring the well-being and development of your flock. It's critical to select the best poultry management software for your needs among the wide variety of options available.
One can track feed and water consumption, as well as fertility and brood counts, with the aid of some poultry management software. The monitoring of feed and water intake, feed mixtures, egg production, weight gains, and mortality rates is one of the most popular uses of poultry management software. Moreover, statistics on egg production, bird performance indices, and bird health monitoring are also used. Other capabilities of certain programs enable farmers to enter breeding information, keep track of the amount of feed and water used, and produce reports on the well-being and productivity of the birds.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
Concerns about the coronavirus spreading through the eating of meat and meat products are being addressed by the poultry industry. The coronavirus pandemic, which has been affecting the movement of vehicles carrying livestock, feed, and feed ingredients, has led to the announcement of lockdowns in some areas. On the other hand, feed manufacturers around the world are facing a significant challenge due to the unpredictability of raw material prices during COVID-19. The growing concerns from the COVID-19 pandemic have led to a decrease in the global export of beef and poultry meat. The poultry management software market would be impacted by economic expansion in 2020 as well as the pandemic's impact on consumer demand for animal protein.
LATEST TRENDS
"Demand for Poultry Management Software to Boost Market Growth"
A rise in the demand for poultry management software as a result of rising meat consumption has demanded feed production optimization, especially when done on an industrial scale, to assure low costs and high-quality feed. Animal feed formulation is a difficult process that frequently results in the over or underuse of a few substances. When ingredients are used excessively, feed grinding procedures become more expensive, and when they are used insufficiently, animals' growth and development may suffer. The poultry management software market will be driven during the forecasted period by the growing output of animal feed around the world.
Poultry Management Software Market Segmentation
- By Type Analysis
As per the type, the market is classified as on-premise and Cloud-Based. The on-premise segment is expected to dominate the poultry management software market share.
- By Application Analysis
Based on application, the market is segmented as follows: Chicken, Duck, Geese, Turkey, Quail, and Others. The chicken segment leads the poultry management software market share.
DRIVING FACTORS
"Increased Consumer Awareness of Meat Quality to Facilitate Market Development"
The demand for poultry management software has increased due to the rising demand for meat, meat products, and increased consumer awareness of meat quality, which is assisting the poultry management software market's expansion. The biggest user bases for poultry management software, particularly the software for ERP management and administrative services, are in China and the United States. However, other new software suppliers, such as Cultura and Prairie Systems, have entered the market over the past ten years as a result of the high concentration of feed-producing businesses in developed nations like the United States.
"Advancements in Animal Care to Promote Industry Progress"
The prices of the numerous goods that make up the production chain are anticipated to rise, according to the poultry management software market. Together with the present price of feed and raw materials, which have risen in recent months globally, the rising demand for these animal proteins stimulates price hikes. Because of its technologically advanced sector, technological application, advancements in animal care, and infrastructure optimization of poultry farms, the global poultry business is expanding quickly each year. Therefore, from 94 million tons in 2009 to 131 million tons in 2019, the production of poultry grew. Its expansion resulted in a 39% increase in production over ten years.
RESTRAINING FACTORS
"Rising Consumer Preferences for Vegans to Hinder Market Growth"
In the upcoming years, it is projected that rising consumer preferences for vegan and vegetarian diets may impede poultry management software market expansion. Poultry management software market expansion is expected to be hampered by the availability of vegetarian snacks high in protein, such as almonds, baked beans, peanut butter, and many more. Throughout the projected period, less product awareness will serve as a restraint and impede the poultry management software growth market growth
Poultry Management Software Market Regional Insights
"Increase in Demand to Propel Market Progress in Asia"
The top producers of feed are Asian nations like China, India, Japan, and Australia, which also employ the newest technologies in the poultry management software market. China is the largest poultry management software market since there are most feed manufacturing businesses there and because they use technology to produce high-quality feed. Due to pest issues and a rise in the usage of chemical treatments, the Chinese government has launched measures to reduce the amount of grassland and marginal lands utilized to grow maize.
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
LIST OF TOP POULTRY MANAGEMENT SOFTWARE COMPANIES
- Fasttrack Solutions (Philippines)
- NAVFarm (U.S.)
- BigFarmNet (Germany)
- Porphyrio (Belgium)
- TECH KRIPA (India)
- Poultrix (Israel)
- Sahiwala Software (India)
- Orias Technologies (India)
- SARU TECH (Nigeria)
- eZarurat (India)
- Intelia Technologies (Canada)
- Abuerdan (UAE)
REPORT COVERAGE
The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
Frequently Asked Questions
-
What value is the poultry management software market expected to touch by 2032?
Based on our research, the poultry management software market is projected to generate substantial revenue by 2032.
-
What CAGR is the poultry management software market expected to exhibit by 2032?
The poultry management software market is expected to exhibit a robust CAGR by 2032.
-
What are the driving factors of the poultry management software market?
The increased consumer awareness of meat quality and advancements in animal care are the driving factors of the poultry management software market.
-
Which are the top companies operating in the poultry management software market?
Fasttrack Solutions, NAVFarm, BigFarmNet, Porphyrio, TECH KRIPA, Poultrix, Sahiwala Software, Orias Technologies, SARU TECH, eZarurat, Intelia Technologies, and Abuerdan are the top companies operating in the poultry management software market.