Dairy Herd Management Market Was Valued at USD 3,073.6 Million in 2021 Owing to Increased Changing Lifestyles

According to Precision Business Insights (PBI) latest report, the dairy herd management market is worth USD 3,073.6 million in 2021, growing at a 7.0% CAGR from 2022 to 2028. The global dairy herd management market is segmented into the following types: By Type (Hardware, Software, and Services), By Application (Animal Comfort, Calf Management, Feeding Management, Heat Stress Management, Milk Harvesting, Reproduction Management, and Others), By End User (Cooperative Dairy Farms, Large-Scale Dairy Farms, and Small-Scale Dairy Farms) and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Forecast to 2028. Key players' profiles in the dairy herd management market report are DeLaval, BouMatic., Fullwood Packo, DAIRYMASTER., Pearson International LLC, Waikato Milking Systems NZ LP, and GEA Group Aktiengesellschaft. Consumer awareness will drive the dairy herd management market. Furthermore, the market will receive support from the rising disposable incomes and, as a result, willing to spend on organic food. Sales in developed markets are likely to remain high, supported by increased consumer awareness. Furthermore, their purchasing power is relatively high, which will help market growth. Individualized cow milking frequencies in the herd are now feasible due to the advancement of automated and robotic milking systems. These technological advancements allow for the most efficient use of an individual cow's production potential by focusing on their health, monitoring milk quality, effectively managing farms, increasing productivity, and supervising breeding. These advantages are increasing dairy farmers' interest in technologically advanced herd management products and, as a result, their adoption in the dairy industry.

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Hardware segment Dominates the Dairy Herd Management Market:
In the dairy herd management market, by type, the hardware dairy herd management segment has registered the highest market share of X%, which accounted for US$ X Mn in 2021 and is expected to grow in the forecast years owing to rising awareness among the dairy farmers in the developing countries such as India, China, etc. regarding the benefits of dairy herd management machinery and software solutions which increases the milk production, monitors the cow/buffalo about their feed and other advantages of herd management. Moreover, increasing mechanization in dairy farms due to the absence of labor and growing preference for automated herd management systems coupled with increasing demand for dairy products are the major factors driving the growth of the market. High cost & lack of awareness in emerging economies, and advent of alternative dairy products will hinder the market growth.

Europe Leads Dairy Herd Management Market:
In 2021, Europe dairy herd management market had the largest market share of 40.2 percent. The well-established dairy herd management industry, significant funding for dairy herd management research, increasing herd size of dairy farms, rapid technological adoption, and high labour costs are important factors for the market's growth. In addition, The Asia Pacific will be the second-largest shareholder owing to the growing demand for milk and dairy products from other regions and recent adaptation of farmers to use technology.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global dairy herd management market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In March 2021, GEA Group launched their platform- GEA Dairy Net. The following would help in analysing and collecting data at the milking parlors and help them achieve more efficiency. GEA has engineered this new herd and farm management system based on over 35 years of experience in the field and marks the latest evolution in the proven GEA DairyPlan system.

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Detailed Segmentation
Based on the Type, the market is segmented into the following:
• Hardware
• Software
• Services

Based on the Application, the market is segmented into the following:
• Animal Comfort
• Calf Management
• Feeding Management
• Heat Stress Management
• Milk Harvesting
• Reproduction Management
• Others.

Based on the End User, the market is segmented into the following:
• Cooperative Dairy Farms
• Large-Scale Dairy Farms
• Small-Scale Dairy Farms

Based on the geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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