Dairy Herd Management Market is estimated to be US$ 7.29 billion by 2030 with a CAGR of 7.8% during the forecast period
A method called dairy herd management is used to
organize dairy farming and make plans for each farm animal in an effort to
boost productivity. The Dairy Herd Management products are used for a variety of
purposes, including feeding, milking, managing reproduction, managing calf
care, managing animal comfort, and managing dairy production. Due to rising consumer demand for dairy products,
the worldwide dairy herd management industry is anticipated to expand rapidly
over the next few years. Over the course of the projection period, it is
anticipated that rising labor costs would combine with the financial advantages
of automated dairy cattle management approaches to boost market growth.
Region Analysis:
Due to the rising demand for cutting-edge medical
technologies and the growing geriatric population, the industry in North
America accounts for the largest revenue share to the worldwide dairy herd
management market. A high CAGR is anticipated for the Asia Pacific dairy herd
management market during the forecast period due to the tendency toward
expanding farm size and/or animal population.
Key Development:
·
In May 2022- In Idaho's Magic
Valley, a company called Chobani, famous for its thick, Greek-style yoghurt,
has significantly aided in the development of the largest research dairy in the
country. The Center for Agriculture, Food, and the Environment (Idaho CAFÉ),
which is run by the University of Idaho, received the grant on Wednesday.
·
In July 2022- The International
Dairy Foods Association (IDFA) is pleased to announce that Dairy Forum 2023
registration is now open. The annual Dairy Forum is the top gathering for
executives in the dairy goods industry to network with peers, expand their
knowledge and perspectives, and find inspiration. Each year, the Dairy Forum
brings together more than 1,000 dairy executives to INSPIRE the sector for the
upcoming year. Sunny Orlando, Florida will host the event once more in 2023.
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Segmentation:
The global Dairy Herd Management Market accounted
for US$ 3.5 billion in 2020 and is estimated to be US$ 7.29 billion by 2030 and
is anticipated to register a CAGR of 7.8%. The global Dairy Herd Management
Market is segmented based on product, application, End-User and region.
·
On the basis
of product, the global Dairy Herd Management Market is segmented into Automated
Dairy Management System (Milk, Reproductive Health, Feeding/Nutrition, Cattle,
Herd Disease) and Standalone Software (On-Premise Software and
Web-based/Cloud-based Software).
·
On the basis
of Application, the global Dairy Herd Management Market is segmented into Milk
harvesting, Feeding, Breeding, Cow Comfort, and Others.
·
On the basis
of End-user, the global Dairy Herd Management Market is segmented into
small-scale, large scale, cooperative.
·
On the basis
of region, the global Dairy Herd Management Market is segmented into North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Analysis:
The key players operating in the global Dairy
Herd Management Market includes FBS Systems Inc., Delaval, GEA Group AG,
Afimilk Ltd., Boumatic LLC, SCR Dairy, Inc., Dairymaster, Infovet, SourceTrace
Systems, Sum-it Computer Systems, Ltd., and Valley Agriculture Software. For
instance, on 18 December 2019, the Swedish University of Agriculture Sciences,
SLU, and DeLaval inaugurated for new milking robots at SLU Lovsta. In addition,
GEA completes additional measure to optimize the business area solutions.
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