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Global Dairy Herd Management Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ 4.9 Bn by 2028, Likely to Grow with the CAGR of 6.2% During the Forecast Period.
The global Dairy Herd Management technology has shown stagnant growth since last few years and is expected to grow rapidly over the forecast period. Some of the factors fuelling the growth of the global market include inclination towards process automation, growing demand for dairy products such as cheese, butter, and cream, and long-term operational cost advantages in dairy farms.
Technological Advancements and Innovations Are Anticipated To Drive the Demand for Dairy Herd Management Across The Globe
The manufacturers operating in the global market are focused on technological advancements aimed at enhancing their customer base across the globe. The companies are continuously developing advanced products with the addition of operational efficiency, automation, enhanced functionality, and real-time analysis. This is making the system more popular among dairy farmers which are expected to support the growth of global market in future. These advancements allow the dairy farmers in monitoring the cow’s milk quality, health, efficiently manage the farm, supervising breed, and enhancing productivity. This is expected to poise a positive impact on the growth of dairy herd management market in coming years.
However, due to the major focus on productivity, the dairy animals are subjected to the constant cycle of conceiving and birth which is affecting their health at a large extent. This might hamper the growth of global market.
The Milk Management Segment Held Key Share in Global Dairy Herd Management Market
Based on product type, the milk management segment registered a significant share and dominating the global market. The segment is expected to show lucrative growth in coming years. Milking is one of the major labour incentive tasks. To adopt the process automation, the expenditure of and time consumption can be reduced which is expected to fuel the segment growth.
Also, the software helps the end-user to minimize the manual labour required for several tasks including inspection and monitoring operations, waste management, and fixed milking duration which results in improved productivity and operational efficiency. Reduced labour cost results in higher profit margin which is anticipated to surge the demand of dairy herd management for milk management.
Large Scale Dairy Farms Segment held Significant Share in 2019
On the basis of end-user, the large-scale dairy farms segment is leading the global market by holding a larger share in 2019. The segment is expected to lead the global market over the forecast timespan. The dairy herd management software is costly therefore, major adoption has been registered from large scale dairy farms owing to large capital base.
On the other hand, the corporative segment is projected to show rapid growth during the period of the research study. Corporative dairy farms are significantly adopting these solutions in order to minimize their production cost and increase operational efficiency.
North America Is Anticipated To Be the Fastest-Growing Region In Global Dairy Herd Market
By geography, North America is expected to hold maximum share followed by Europe for the dairy herd management market. The growth of the regions is propelled by rising labour costs and an increasing number of growing farms. The dairy herd management offers enhanced operational efficiency which results in increasing popularity in agriculture-based countries such as India, Brazil, Japan, and China. Moreover, the rising awareness regarding process automation among farm owners in emerging economies supports regional growth.
Asia Pacific is anticipated to show tremendous growth in the coming years. The supportive government initiatives and subsidies for automation installation is estimated to fuel the growth of the dairy herd management market in the Asia Pacific.
In September 2018, Uniform-Agri launched an international project to help farmers to manage their dairy herd successfully. The projected was aimed at five countries including Canada, USA, Germany, Spain, and France.
Some of the major players operating in global dairy herd management market include Zoetis, Alta Genetics Inc., Valley Agricultural Software, Dairymaster, Sum-it Computer Systems, Delaval Inc., SCR Dairy Inc., Afimilk, Lely, BouMatic LLC, Fullwood Packo, and GEA Group Aktiengesellschaft.
Global Dairy Herd Management Market by Product
- Breeding Management
- Milk management systems
- Animal waste management systems
- Feeding/Nutrition management systems
Global Dairy Herd Management Market by End-User
- Cooperative dairy farms
- Large-scale dairy farms
- Small-scale dairy farms
Global Dairy Herd Management Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America