The Global Dairy Herd Management Market Size Was Valued at USD 4198.65 Million in 2023, and is Projected to Reach USD 8888.24 Million by 2032, Growing at a CAGR of 8.69% From 2024-2032.
The main factors driving growth in the global market are the rising number of dairy farms and the increasing demand for milk and dairy products. The market growth is being further supported by the increased funding and investments from both the public and private sectors in dairy farming and technological advancements. Conversely, efforts to protect dairy animals from unethical herd management practices are anticipated to hinder the market’s growth in the forecast period. Furthermore, the deficit of skilled dairy workers is also anticipated to hinder the expansion of this industry. These benefits generate increased interest among dairy farmers toward technologically advanced herd management products and further increase their adoption in the dairy industry.
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Dairy Herd Management Market Dynamics
Increased consumer awareness will be a catalyst for the growth of the dairy herd management services market. Furthermore, the market will see advantages from their growing disposable incomes and resulting eagerness to invest in organic food. In advanced markets, sales are expected to stay strong due to the high level of awareness among consumers. Additionally, their buying power is relatively strong, which will help drive market expansion. The adoption of dairy herd management products or technology is hindered by high installation costs and lack of farmer knowledge. However, in the future, developing countries are expected to see a higher demand for advanced dairy herd management solutions because of reasons like growing milk demand, increased farmer earnings, bigger herds, and greater government focus on livestock farming and agriculture. Considering this, major participants in the industry are expected to discover significant prospects in upcoming markets such as India, China, Turkey, and other developing countries.
Dairy Herd Management Market Regional Insights
North America are projected to contribute the most to the global dairy herd management industry. Important factors like strategic planning for dairy herd improvement and government initiatives in North America are anticipated to drive substantial growth by enhancing organization, leadership, and operation of farmers, and providing guidance for further development in dairy herd management activities. Moreover, there is anticipation of market growth due to a rise in milk and milk-related product production. The United States reported an annual milk production of 226 billion pounds, with a 34.4% increase over the past two decades, to the leading company’s use of innovative technologies and dairy herd management solutions. Furthermore, regional players are implementing strategic efforts to enhance dairy herd management, including creating sensor systems capable of monitoring physiological, behavioral, and production factors in individual cows, contributing to the market’s expansion.
Dairy Herd Management Market Segment Analysis
By Application
- Reproduction Management
- Animal Comfort
- Calf Management
- Feeding Management
- Milk Harvesting
- Heat Stress Management
- Others
Based on Application, Milk Harvesting segment is expected to dominate the market during the forecast period. The increasing interest of farmers in automated milk harvesting systems is driving the growth of this segment as they seek to increase milk production. The Dairy herd management market is expected to grow in the future due to increasing demand, especially for automated milk harvesting systems. Growing interest in dairy goods and improved technology will drive up the dairy herd products market, resulting in increased profits for farmers. Heightened competition among key players in the global market for dairy herd management software and systems has increased due to rising demand. Key players in this sector employ techniques like introducing new products, forming partnerships, merging with other companies, and expanding their businesses in order to maintain competitiveness.
By Type
- Hardware and Systems
- Standalone Software
- On-premise Software
GLOBAL DAIRY HERD MANAGEMENT MARKET BY REGION
- NORTH AMERICA
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- WESTERN EUROPE
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest of Western Europe
- ASIA PACIFIC
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- ASIA PACIFIC
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Brazil
- Argentina
- Rest of South America
Dairy Herd Management’s Key Competitors include:
- Valley Agriculture Software (U.S.)
- Dairy Master (Ireland)
- Afimilk (Israel)
- Sum-It Computer Systems (U.K.)
- SCR Dairy (Israel)
- GEA Group (Germany)
- DeLaval (Sweden)
- BouMatic (U.S.)
- Lely Holdings (Netherlands)
- Infovet (India), and Other Key Players
Key questions answered in the Dairy Herd Management Market report are:
- Which market segment dominated the global Dairy Herd Management market in 2023?
- What are the current global trends in the Dairy Herd Management market?
- What future industry applications and trends are emerging in the Dairy Herd Management market?
- What growth strategies are companies adopting to expand their presence in the Dairy Herd Management market?
- Who are the leading companies in the Dairy Herd Management market, and what are their product portfolios?
- What are the primary challenges that the Dairy Herd Management market may face in the future?
- Which region had the largest share of the Dairy Herd Management market in 2023?
- How is the regulatory environment influencing the Dairy Herd Management market?
Key Offerings:
- Market Size, Share, Size & Forecast by Different Segments | 2024−2032
- Dairy Herd Management Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Trend Analysis
- Pestle Analysis
- Porter’s Five Forces Analysis
- Industry Value Chain Analysis
- Ecosystem
- Regulatory Landscape
- Price Trend Analysis
- Patent Analysis
- Technology Evolution
- Investment Pockets
- Dairy Herd Management Market Segmentation
- Competitive Landscape – Profiles of selected key players in a strategic perspective
- Competitive landscape – Competitive Benchmarking, Dairy Herd Management Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions
- Analyst Viewpoint and Conclusion
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