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Impact Of Increasing Dairy Farm Productivity On The Dairy Herd Management Market: Transformative Forces Shaping the Dairy Herd Management Market Landscape in 2025
Dairy Herd Management
What Will the Dairy Herd Management Industry Market Size Be by 2025?
The market for dairy herd management has seen robust expansion in the past few years. The market size, which stood at $4.48 billion in 2024, is projected to increase to $4.86 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.3%. Factors contributing to growth during the historic period include an expanding dairy farm herd size, escalating demand for dairy items, and heightened production and consumption of milk as well as other dairy products. The growing need for dairy goods and focus on environmental sustainability also play a substantial part in this advancement.
What's the Long-Term Growth Forecast for the Dairy Herd Management Market Size Through 2029?
The market size of dairy herd management is projected to witness substantial expansion in the upcoming years, eventually attaining a valuation of $6.73 billion by 2029, growing at an annual compound rate (CAGR) of 8.5%. The anticipated growth during the forecast period can be explained by emerging growth prospects in developing economies, increasing investments and funding intended for dairy farm development, emphasis on animal welfare, and the globalisation of the dairy sector. Key trends anticipated throughout the forecast period include a shortage of professional dairy workers, advances in technology, automation, robotics, remote sensing technologies, and predictive analytics.
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What Are the Key Growth Drivers Fueling the Dairy Herd Management Market Expansion?
The dairy herd management market is expected to grow as dairy farm productivity improves. The term dairy farm productivity refers to the level of efficiency and quantity of milk produced by a dairy farm. Dairy herd management solutions provide users with the necessary tools and data to enhance the health of the herd, reproductive efficiency, feed management, and overall productivity of the farm. For example, the Bureau of Agricultural and Resource Economics and Sciences (ABARES), a research division of the Australian Government Department of Agriculture, Water, and Environment, stated that in 2022-2023 the Australian dairy sector reached an unprecedented level of farm cash income, averaging $361,000 per farm, a 10% rise from the prior year. Hence, the surge in dairy farm productivity is fuelling the expansion of the dairy herd management market.
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Which Fast-Growing Trends Are Poised to Disrupt the Dairy Herd Management Market?
Prominent businesses in the dairy herd management market are creating novel products like farm management software systems to mechanize dairy farms. Such software serves as an essential instrument for farmers to control and enhance their tasks. For example, Afimilk Agricultural Cooperative Ltd., a US firm engaging in the development, manufacture, and promotion of sophisticated computerized systems for contemporary dairy farms and herd management, unveiled AfiFarm 5.5 in the year 2024. It's the latest and most advanced herd management software that is comprehensive, user-friendly, adaptable to a farm's distinct needs, and easy to access. It comes with a new set of features and enhancements that are crucial to the automation and management of dairy farms. It provides features like cow surveillance, fertility alert management, parlor automation, and data exchange management. The software is admired for its intuitive interface and robust capabilities.
How Is the Dairy Herd Management Market Segmented?
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 Companies Are Leading the Charge in Dairy Herd Management Market Innovation?
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 Are Leading the Global Dairy Herd Management Market in Revenue?
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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