The ‘Global Dairy Herd Management Market Growth, Share, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global dairy herd management market, assessing the market on the basis of its segments like products, applications, farm sizes, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Dairy Herd Management Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Nearly USD 3.74 Billion
- Forecast CAGR (2023-2028): 7%
- Forecast Market Size (2028): Around USD 5.59 Billion
The rising demand for milk-based products and milk, along with the surging population levels, is surging the adoption of advanced dairy management solutions and dairy herd management. Some of the key dairy herd management market trends include the rising attempts to enhance the productivity of cattle and the growing emphasis on feeding management.
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Governments globally are attempting to enhance the productivity of cattle and increase dairy farming initiatives, which is boosting the adoption of dairy herd management solutions among farmers.
Dairy herd management solutions are increasingly used to identify the stress condition and health status of animals, analyse feeding behaviour, and optimise feed intake. Such solutions are widely deployed to reduce feed intake and improve dairy management routine corrections.
Dairy Herd Management Industry Definition and Major Segments
Dairy herd management is a process aimed at facilitating the efficient management of dairy farm animals for improving their productivity and health. Some of the techniques deployed in the process include personalised nutrition, breeding management, and smart farming practices. Farmers increasingly deploy dairy herd management solutions to enhance their profitability.
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The market, on the basis of product, is categorised into:
- Web/Cloud Based
- AI and Data Analytics
Based on application, the market is divided into:
- Milk Management Systems
- Feeding/Nutrition Management Systems
- Animal Waste Management Systems
- Breeding Management
- Health Management
By farm size, the market is segmented into:
- Small-Scale Dairy Farms
- Large-Scale Dairy Farms
- Co-Operative Dairy Farms
The major regional markets of dairy herd management include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Dairy Herd Management Market Trends
Region-wise, the market in Europe is witnessing a rapid growth owing to the robust growth of the dairy herd management sector due to high labour costs. Farmers in the region are increasingly adopting innovative technologies in dairy farm management amid the surging size of herds in dairy farms.
The dairy herd management market is being driven by the surging research and development (R&D) activities by key players to the rising deployment of machine learning and AI to bolster overall efficiency and facilitate stress-free milking and prevent over-milking. The emerging trend of precision farming and the increasing focus to optimise milking systems and feeding are expected to aid the market for dairy herd management.
Key Market Players
The major players in the dairy herd management market report are
- Afimilk Ltd.
- BouMatic LLC
- DeLaval Group
- GEA Group AG
- Lely International N.V.
- Valley Agricultural Software, Inc.
- Pellon Group, Nedap N.V.
- SUM-IT Computer Systems Ltd
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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