what 3d modelling software is available to create accurate female model from an existing photo?

Answer 1

pretty much any of the 3d modelling apps out there will let you do it.

Tip: whichever software you're using, set up a vertical plane and apply a material which uses the reference picture. You can then use this to model against.

If you're talking about extrapolating a 3d model from the picture itself, like automatically, you'll have a difficult job.

Answer 2

Advanced 3D Animation Software : http://3dAnimationCartoons.com/?OkNv