Dairy Herd Management Market - Industry Analysis, Market Size, Share, Trends, Growth and Forecast 2021 - 2026
Dairy Herd Management Market size in 2019 is estimated to be $2.61 billion, growing at a CAGR of 6.5% during the forecast period 2020-2025. Dairy herd management is an important factor for dairy farms that maintain long-term high production. In dairy herd management, milking parlours is part of a building where cows are milked on a dairy farm. Growing consumption of milk and dairy products and technological advancement are the major factors driving the growth of the market. Moreover, increasing cost savings associated with dairy herd management and investments towards development of dairy farms further enhance the overall market demand for dairy herd management during the forecast period 2020-2025.
Report Coverage
The report: “Dairy Herd Management Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Dairy Herd Management Market:
By Product: Automated Systems, Software
By Application: Health Management, Calf Management, Cow Comfort and Heat Stress Management, Breeding, Feeding, Milk Harvesting
By End Use: Cooperative Dairy Farms, Large-Scale Dairy Farms, Small-Scale Dairy Farms
By Geography: North America, Europe, Asia-Pacific, and RoW
Key Takeaways
In 2019, North America dominates the dairy herd management market owing to growing consumption of dairy products and increasing contribution in the dairy industry.
Growing consumption of milk and dairy products and technological advancement is driving the market growth of dairy herd management.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the dairy herd management market report.
Increasing issues for animal safety and lack of skilled personnel are challenging the growth of the market.
Product- Segment Analysis
Based on the Product, Dairy Herd Management Market is segmented into Automated Systems, Software. The automated systems segment is forecast to be the fastest-growing segment and is estimated to grow at a CAGR of 5.7% during the forecast period 2020-2025. This is mainly owing to better product quality, higher production rates and more efficient use of materials. Moreover, increased productivity, improved safety and shorter work for laborers are contributing the growth of this segment.
Application - Segment Analysis
Based on the Application, Dairy Herd Management Market is segmented into Health Management, Calf Management, Cow Comfort and Heat Stress Management, Breeding, Feeding, Milk Harvesting. In 2019, milk harvesting held the largest share in the dairy herd management market. This is mainly owing to monitoring milk quality, monitoring milk composition and provide personal hygiene is also contributing to the growth of this segment.
Geography - Segment Analysis
North America dominated the dairy herd management market share accounting for 38% of the market in 2019. This is mainly owing to growing consumption of dairy products and increasing contribution in the dairy industry. According to U.S. Department of Agriculture, it is estimated that about 24.8% of cows used for milk production who are suffered from mastitis in 2019, which is one of the leading cause of death in adult cows in the dairy industry.
However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is owing to the growth in disposable incomes and growing development in the dairy farming industry.
Drivers – Dairy Herd Management Market
Growing Consumption of Milk and Dairy Products
Milk is the most perishable product of all farm produce that increases the consumption of milk and dairy products among consumers are some factors driving the growth of dairy herd management market. Moreover, increasing cost savings associated with dairy herd management and investments towards development of dairy farms are also set to increase the market growth.
Technological Advancements
Continuous advancement in dairy herd management technologies are some factors driving the growth of the market. Moreover, increasing ease of use, real-time analysis and improved functionality further contributing the growth of dairy herd management market.
Challenges – Dairy Herd Management Market
Increasing issues for animal safety and lack of skilled professional in dairy industry are challenging the growth of the market. Moreover, prevalence of traditional system are further restraining its market growth during the forecast period 2020-2025.
Dairy Herd Management Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Dairy Herd Management Market. Dairy Herd Management top 10 companies are DeLaval, GEA, BouMatic, Afimilk, Fullwood, Dairy Master, Lely, SCR, Sum-It Computer Systems, and Pearson International.
Acquisitions/Product Launches
On 10 May 2017, DeLaval has launched a new Calf feeder CF1000S to develop the dairy herd management industry.
On 21 March 2017, Afimilk has collaboration with Fair Oaks Farms and has launched new robotic milking system.
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