PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1251549
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1251549
Global Dairy Herd Management Market is valued at approximately USD 2.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2022-2029. Dairy Herd Management is a process through which animals' health and fertility are examined. Dairy Herd Management involves timely inspection, milk harvesting, feeding, and breeding. Dairy Herd Management uses advanced techniques of farming which allows it to be more efficient. The main principles in dairy herd management are Nutrition and Feeding, Breeding and Reproduction, Animal Health and Welfare, and heat stress and comfort. The increasing size of Dairy Farms, increasing global dairy products export market, Growing Adoption of Dairy Herd Management Systems, increasing consumption of dairy products, advancements in dairy equipment, and Rising Funding Investments are the major factors driving the market growth.
Increased production and demand for dairy products lead to the growing adoption of Dairy Herd Management Systems. For Instance, according to the article published by OECD library, Global milk production increased by 1.3% in the year 2019. In India (the largest milk producer in the world), the Production of milk rose by 4.2%. Increasing production of dairy products such as milk contributing to the increasing size of Dairy Farms. There is a significant increase in the export of dairy products which is accompanied by an increase in the growing Adoption of Dairy Herd Management Systems. For instance, In 2021, dairy products worth 63 billion US dollars were exported compared to 39 billion dollars in 2015. European Countries such as France, Ireland, and Germany accounted for 38% share of the global dairy product export market. The increasing export market is increasing the adoption of dairy herd management systems which further increases the market growth. Other important components driving market increase are increasing consumption of dairy products, advancements in dairy equipment, and Rising Funding Investments. Furthermore, an increase in the adoption of dairy herd management systems and technological advancements are expected to create major market opportunities in the forecast period. However, the growing Initial Cost for Dairy Herd Management Systems stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Dairy Herd Management Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of a well-established dairy herd management industry, Increasing investments for research and development, and rapid technological advancements in the region. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as increased production of dairy products, growing advancements in dairy herds, and government support for farmers, owing to the dominance of good strategic planning and the region's increasing innovative technologies.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable