Dairy Herd Management Market Will Generate Record Revenue by 2030

Dairy Herd Management Market is estimated to grow at a CAGR of 7.6% during the forecast period. Dairy herd management is critical for dairy farms that want to sustain high productivity over time. Several critical elements of the global dairy herd management market are successfully managed, including cow nutrition, reproduction, comfort, and milking. Aside from these necessities, all dairy farms cope with weather, transportation, and expense logistics. It can be difficult to strike the right balance, but with careful planning and the use of the most up-to-date dairy farm training and technology, it becomes feasible. 

The key growth drivers for the dairy herd management industry are expanding dairy farm herd sizes, and rising milk & dairy product consumption. Increased public-private funding and investments in dairy farming, as well as technical improvements, are assisting the market's expansion. During the forecast period, however, ongoing activities to safeguard dairy cows from unethical herd management techniques are expected to restrain the market growth. Additionally, the scarcity of educated dairy specialists is projected to hamper the market's expansion. Globally, the herd size of dairy farms has increased significantly over the years. According to the OECD-FAO Agricultural Outlook 2023-2030, compared to the previous decade, the estimated growth of cowherds is 1.2% per annum and is higher than the estimated average yield growth (0.4%), as cowherds are projected to grow faster in countries with low yields.

In developing countries, adoption of dairy herd management products or technologies is delayed, owing to high installation costs and a lack of understanding among farmers. However, increased demand for milk and dairy products, rising per capita income of farmers in emerging nations, increasing herd size, and governments' increasing focus on livestock farming and agriculture, are the factors, predicted to drive up demand for improved dairy herd management. For Instance, in June 2021, Merck & Co. Inc. had entered into a partnership with LIC Automation Ltd. (New Zealand) to expand the company's product line and client base. For the dairy industry, LICA manufactures and distributes specialized and integrated herd management systems as well as milk-testing sensors.

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Market Coverage

• The market number available for – 2023-2030
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Product
• By Application

Competitive Landscape: DeLaval Inc., Merck & Co., Inc., GEA Group Aktiengesellschaft, BouMatic, and Afimilk Ltd. among others.

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Dairy Herd Management Market Segmentation,

By Product

• Automated Dairy Herd Management Systems

• Milk Management Systems
• Reproductive Health Management Systems
• Feeding/ Nutrition Management Systems
• Cattle Management Systems
• Heard Health Management Systems

• Software

• On-premise Software
• Web-based/ Cloud based Software
• Data  Analytics and AI

By Application

• Milk Harvesting
• Feeding
• Breeding
• Cow Comfort and Heat Stress Management
• Calf Management
• Health Management
• Other Application

Dairy Herd Management Market By Region,

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

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