Latest Research Report on Dairy Herd Management Market Growth, Industry Revenue Analysis

Growing herd sizes, the rising production & consumption of milk & dairy products, increasing investments in dairy farm development, and technological advancements in management systems have all played a significant role in driving market growth.

The global dairy herd management market is expected to reach USD 3.55 Billion by 2022 from USD 2.42 Billion in 2016 at a CAGR of 6.7% during the forecast period.

Market Dynamics

+ Drivers

+ Increasing Herd Size of Dairy Farms

+ Increasing Production and Consumption of Milk & Dairy Products

+ Technological Advancements

+ Substantial Cost Savings Associated With Dairy Herd Management

+ Rising Investments and Funding Towards the Development of Dairy Farms

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Factors such as increasing herd size of dairy farms, substantial cost savings associated with dairy herd management, growing production and consumption of milk and dairy products, increasing public-private funding and investments towards the development of dairy farms, and technological advancements are driving the market.

The market is segmented into milk harvesting, feeding, breeding, animal comfort & heat stress management, calf management, health management, and other applications (such as genetic management, cattle sorting, weighing, and data analysis). In 2017, the milk harvesting segment is estimated to command the largest share of the dairy herd management market. The focus of farmers towards increasing milk yield while ensuring the heath of the cattle is supporting the growth of the milk harvesting segment.

The market is segmented into small-scale dairy farms, large-scale dairy farms, and cooperative dairy farms. In 2017, small-scale dairy farms are expected to account for the largest share of the market. The growing demand for dairy products and increasing support from various public-private organizations for small-scale dairy farmers in developing countries are the major factors driving the demand for dairy herd management products in this end-user segment.

The report covers the dairy herd management market across four major geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Europe is expected to command the largest share of the market in 2017 due to increasing number of dairy cows, growing demand for high-quality milk and milk products, presence of a large number of dairy producing units, and the large volume of milk production in that region. However, Asia Pacific is expected to register the highest growth rate during the forecast period. Factors driving growth in the APAC region include the growing demand for milk and milk products due to the rising population and higher disposable income levels and rapid urbanization in developing APAC countries such as India and China.

As of 2016, Delaval (Sweden), GEA (Germany), and Afimilk (Israel) held the leading position in the global dairy herd management market. These companies adopted product launches, enhancements, agreements, partnerships, and collaborations as their key growth strategies in the past three years. BouMatic (US), Fullwood (UK), Dairy Master (Ireland), Lely (Netherlands), SCR (Israel), Sum-It Computer Systems (UK), and VAS (US) are some of the other major players in this market.

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