Dairy Herd Management Market Share, Growth & Forecast [2031]
Dairy Herd Management Market Share, Growth & Forecast [2031]
Segments - Dairy Herd Management Market by End-users (Cooperative Dairy Farms, Large-scale Dairy Farms, and Small-scale Dairy Farms), Types (Animal Waste Management Systems, Milk Management Systems, Breeding Management, Feeding/Nutrition Management Systems, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-2883
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Report Description
Dairy Herd Management Market Outlook 2031
The Dairy Herd Management Market was USD 3.99 Billion in 2022 and is likely to reach USD 7.91 Billion by 2031, expanding at a CAGR of 7.9% during 2023 – 2031. The growth of the market is attributed to the longstanding operational cost profits associated with herd management solutions.
Dairy herd management is a platform used to manage and plan for each animal of the farm as well as dairy farming to increase productivity. Dairy herd management helps the administrators of dairy farms to maintain data such as health related issues faced by the cattle, births, count of the animals, calf age, and record of their conception rates. Unlike conventional dairy herd farming practices that need more money, time, and labor dairy herd management systems offer more outputs with less time and cost.
The COVID-19 pandemic outbreak has brought a negative impact on market. During pandemic, supply and demand chain disrupted, global farmgate milk prices significantly reduced, and profit from dairy farms decreased due to the increased feed costs. Additionally, pandemic and social distancing norms imposed by government bodies resulted in production shortage of dairy herd management solutions.
Dairy Herd Management Market Trends, Drivers, Restraints, and Opportunities
- Rising demand of milk and milk products including cheese, butter, and cream across the globe is one of the key factor driving the market growth.
- Increasing data collection by herd management solution provides farmers with information, which results in increased profit is projected to drive the market expansion during the forecast period.
- Escalating cost of dairy herd management acts as a major challenge that can restrict the market growth in the coming years.
- Ongoing movements to save dairy animals from unethical herd management practices to hamper the market growth during the projected timeline.
- Integrating Artificial Intelligence with dairy herd management solutions such as milking robots and drones for monitoring cattle’s is projected to create significant growth opportunities for the market.
Scope of Dairy Herd Management Market Report
The report on the global dairy herd management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Dairy Herd Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016 – 2021 |
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Forecast Period |
2023 – 2031 |
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Segmentation |
End-users (Cooperative Dairy Farms, Large-scale Dairy Farms, and Small-scale Dairy Farms) and Types (Animal Waste Management Systems, Milk Management Systems, Breeding Management, Feeding/Nutrition Management Systems, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Dairymaster; Afimilk Agricultural Co. Ltd.; Fullwood Packo; Lely; Sum-it Computer Systems; Zoetis Inc.; Alta Genetics Inc.; Delaval Inc.; BouMatic LLC; GEA Group Aktiengesellschaft; SCR Dairy Inc.; and Valley Agricultural Software |
Dairy Herd Management Market Segment Insights
Cooperative dairy farms segment is projected to expand at considerable CAGR
On the basis of end-users, the global dairy herd management market is segregated into cooperative dairy farms, large-scale dairy farms, and small-scale dairy farms. The large-scale dairy farms segment is estimated to expand at robust growth rate during the forecast period owing to availability of finance to deploy herd management solutions by large-scale farm owners. However, the cooperative dairy farms segment is projected to expand at a considerable CAGR during the forecast period due to increased use of dairy herd management solutions by providing economies of scale, which helps in lowering the operational cost for individual farms.
Reduced manual work of milking drive the milk management systems segment
Based on types, the market is segmented into animal waste management systems, milk management systems, breeding management, feeding/nutrition management systems, and others. The milk management segment is expected to grow at a rapid pace during the forecast period attributed to reduced manual work of milking.
Furthermore, milk management system helps in increasing efficiency of dairy farms and milk distribution, which is projected to accelerate the segment growth further. On the other hand, the waste management segment is anticipated to expand at a substantial CAGR in the coming years owing to rising demand of waste management system for reduced labor hours and higher profit.
Asia Pacific is anticipated to constitute a key market share
In terms of region, the global dairy herd management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to increasing implementation of dairy herd management solutions by emerging economies in the region for rising operational efficiency and reducing physical involvement in the work.
However, the market of Europe is anticipated to grow at a rapid pace during the forecast period due to the growing awareness about automation in dairy farm owners, boost in the adoption of management solutions, and advantageous government policies in the region.
Segments
The global dairy herd management market has been segmented on the basis of
End-users
- Cooperative Dairy Farms
- Large-scale Dairy Farms
- Small-scale Dairy Farms
Types
- Animal Waste Management Systems
- Milk Management Systems
- Breeding Management
- Feeding/Nutrition Management Systems
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Dairymaster
- Afimilk Agricultural Co. Ltd.
- Fullwood Packo
- Lely
- Sum-it Computer Systems
- Zoetis Inc.
- Alta Genetics Inc.
- Delaval Inc.
- BouMatic LLC
- GEA Group Aktiengesellschaft
- SCR Dairy Inc.
- Valley Agricultural Software
Competitive Landscape
Key players competing in the global dairy herd management market are Dairymaster; Afimilk Agricultural Co. Ltd.; Fullwood Packo; Lely; Sum-it Computer Systems; Zoetis Inc.; Alta Genetics Inc.; Delaval Inc.; BouMatic LLC; GEA Group Aktiengesellschaft; SCR Dairy Inc.; and Valley Agricultural Software Companies are focusing on investment in R&D for development of technological advanced dairy herd management solutions for the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, In February 2016, Afimilk Ltd., acquired Silent Herdsman. This acquisition aimed to develop neck-collar monitoring systems for detection of health and estrus problems in dairy cows.
In March 2021, GEA Group Aktiengesellschaft Germany based supplier company announced launch of GEA DairyNet. This product was developed for farmers to accomplish more efficiency and improved animal welfare by collecting and analyzing data.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Dairy Herd Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dairy Herd Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dairy Herd Management Market - Supply Chain
4.5. Global Dairy Herd Management Market Forecast
4.5.1. Dairy Herd Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dairy Herd Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Dairy Herd Management Market Absolute $ Opportunity
5. Global Dairy Herd Management Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Dairy Herd Management Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Dairy Herd Management Demand Share Forecast, 2019-2026
6. North America Dairy Herd Management Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Dairy Herd Management Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Dairy Herd Management Demand Share Forecast, 2019-2026
7. Latin America Dairy Herd Management Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Dairy Herd Management Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Dairy Herd Management Demand Share Forecast, 2019-2026
8. Europe Dairy Herd Management Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Dairy Herd Management Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Dairy Herd Management Demand Share Forecast, 2019-2026
9. Asia Pacific Dairy Herd Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Dairy Herd Management Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Dairy Herd Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Dairy Herd Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Dairy Herd Management Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Dairy Herd Management Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Dairy Herd Management Market: Market Share Analysis
11.2. Dairy Herd Management Distributors and Customers
11.3. Dairy Herd Management Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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