Press release
Dairy Herd Management Market Growth at 7.9% CAGR, Global Industry Share, Trends, Size, Top Leaders, Future Plans and Opportunity Assessment (2022-2029)
The Global Dairy Herd Management Market is forecast to reach above USD 6.8 billion by 2029 by rising at a compound annual growth rate (CAGR) of 7.9% throughout the forecast period from 2022 to 2029Dairy Herd Management Market Overview
The key growth factors for the dairy herd management industry are expanding dairy farm herd sizes and rising milk and dairy product consumption. The industry is also expanding as a result of rising public-private finance, investments in dairy farming, and technical improvements. On the other side, it is anticipated that the growth of this market would be constrained during the projected period by continuous activities to protect dairy cows from unethical herd management techniques. Additionally, it is anticipated that the lack of qualified dairy professionals will hinder the expansion of this market. Based on product, use, farm size, and geography, the dairy herd management market is divided.
This market is being driven by the rising number of dairy herds and the rising demand for goods made from dairy-producing animals. Additionally, this industry is expanding as a result of the increasing prevalence of animal diseases. However, elements like unethical behaviour toward animals could have a detrimental effect on the market for dairy herd management services. Over the projected period, rising demand for milk and milk-derived goods such cream, butter, and cheese is anticipated to boost the market.
The global Dairy Herd Management market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
In 2021, Merck & Co. Inc signed an agreement with LIC Automation Ltd. (New Zealand) which aims to strengthen the product portfolio of the company and increase its customer base. LICA manufactures and supplies specialized and integrated herd management systems and milk-testing sensors for the dairy industry.
In 2021, GEA Group Aktiengesellschaft (Germany) launched GEA DairyNet. This development will aid farmers in achieving more efficiency and flexibility and enhance animal welfare by collecting and analyzing data.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Dairy Herd Management market manufacturers. The revenue created from the sales of Dairy Herd Management Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are Valley Agriculture Software, Dairy Master, Afimilk Ltd., Sum-It Computer Systems, Ltd., SCR Dairy, Inc., GEA Group AG, DeLaval, BouMatic, Lely Holdings S.A.R.L and Others.
The Dairy Herd Management Market has been segmented as below:
Dairy Herd Management Market By Product Type, 2022-2029, (USD Million)
Hardware And Systems
Milk Management System
Feeding Management System
Cattle Management System
Fertility Management System
Accessories
Standalone Software
On-Premise Software
Web-Based/Cloud-Based Software
Dairy Herd Management Market By Application, 2022-2029, (Usd Million)
Reproduction Management
Animal Comfort
Calf Management
Feeding Management
Milk Harvesting
Heat Stress Management
Others
Dairy Herd Management Market By End User, 2022-2029, (Usd Million)
Small-Scale Dairy Farms
Large-Scale Dairy Farms
Cooperative Dairy Farms
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Dairy Herd Management Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Dairy Herd Management market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
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Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Dairy Herd Management Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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