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Emerging Trends to Reshape the Dairy Herd Management Market: Innovative Farm Management Software Transforming Dairy Operations as a Key Influencer
Dairy Herd Management Market
Dairy Herd Management Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for dairy herd management has seen significant expansion in the past few years. The market, projected at $4.48 billion in 2024, escalates to $4.86 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.3%. The historic growth is attributed to the enlarged dairy herd size, surged demand for dairy goods, increased milk and dairy production and consumption, with growing need for dairy products, and commitment towards environmental sustainability.
Dairy Herd Management Market Size Forecast: What's the Projected Valuation by 2029?
It is anticipated that the dairy herd management market will expand significantly over the next few years, reaching an estimated value of $6.73 billion by 2029, growing at a CAGR of 8.5%. This growth during the predicted period can be linked to emerging economies and developing nations presenting growth opportunities, increased investments and funding aimed towards enhancing dairy farms, a concentrated approach to animal well-being, and the worldwide expansion of the dairy industry. The trending factors during this projection period encompass a scarcity of skilled dairy professionals, technological progression, the introduction of automation and robotics, the application of remote sensing technologies, and the use of predictive analytics.
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What Are the Drivers Transforming the Dairy Herd Management Market?
The dairy herd management market is projected to grow, largely driven by the rise in dairy farm productivity. This refers to the effectiveness and yield of milk production a dairy farm can generate. Dairy herd management systems provide users with the necessary tools and data to boost herd health, reproductive efficiency, manage feed and improve overall farm productivity. For example, in 2022-2023, data from the Bureau of Agricultural and Resource Economics and Sciences (ABARES), a federal research branch under the Australian Government Department of Agriculture, Water, and Environment, documented a record-breaking farm cash income in Australia's dairy industry, with an average of $361,000 per farm, signifying a 10% increase from the previous year. Consequently, the dairy herd management market's growth is attributed to the enhancement of dairy farm productivity.
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What Long-Term Trends Will Define the Future of the Dairy Herd Management Market?
Leading corporations in the dairy herd management market are introducing groundbreaking products like farm management software systems to automate dairy farms. This software serves as an instrumental asset for farmers to streamline and regulate their activities. Afimilk Agricultural Cooperative Ltd, a US company engaged in the concept, production, and promotion of sophisticated computerized systems for contemporary dairy farms and herd management, rolled out AfiFarm 5.5 in 2024, which is considered the most advanced herd management software. This software is all-inclusive, user-friendly, adjustable to a farm's distinct needs, and accessible. It encompasses a new set of features and enhancements vital to the automation and management of dairy farms. It presents attributes like cow tracking, fertility alert system, parlor automation, and data exchange management. The software is celebrated for its user-friendly facade and powerful functionalities.
Which Segments in the Dairy Herd Management Market Offer the Most Profit Potential?
The dairy herd management market covered in this report is segmented -
1) By Product Type: Hardware, Standalone Software, Other Products
2) By Application: Milk Harvesting, Feeding, Breeding, Cow Comfort And Heat Stress Management, Calf Management, Health Management, Other Applications
3) By End-User: Small-Scale Dairy Farms, Large-Scale Dairy Farms, Co-operative Dairy Farms
Subsegments:
1) By Hardware: Milking Systems, Sensors And Monitoring Devices, Automatic Feed Systems, RFID Tags And Readers
2) By Standalone Software: Herd Management Software, Milk Production Tracking Software, Health And Breeding Management Software
3) By Other Products: Data Management Solutions, Mobile Applications For Herd Monitoring, Veterinary Health Solutions
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Which Firms Dominate the Dairy Herd Management Market by Market Share and Revenue in 2025?
Major companies operating in the dairy herd management market are Merck and Co. Inc., DeLaval Inc., GEA Group Aktiengesellschaft, Pearson International LLC, Dun & Bradstreet Inc., Nedap NV, Fullwood Packo, Trioliet, Dairy Master Inc., BouMatic LLC, Alta Genetics Inc., SCR Dairy Inc., Waikato Milking Systems, Afimilk Agricultural Cooperative Ltd, Milkline, Valley Agriculture Inc., Herdwatch, Mesoblast Ltd, Farmtec, SUM-IT, FarmWizard, FBS Systems Inc., Infovet S.R.L., Lely Holdings (S.A.R.L.)
Which Regions Offer the Highest Growth Potential in the Dairy Herd Management Market?
North America was the largest region in the dairy herd management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dairy herd management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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