PUBLISHER: The Business Research Company | PRODUCT CODE: 1464074
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464074
Dairy herd management involves the strategic supervision and optimization of dairy farming activities, covering areas such as animal health, milk production, and farm operations. Utilizing advanced technologies and data-driven strategies, it aims to improve efficiency and productivity in dairy operations.
The primary products within dairy herd management include hardware, standalone software, and other related solutions. Dairy herd management hardware encompasses physical devices and equipment utilized for monitoring and managing dairy cattle. These tools facilitate various tasks such as milk harvesting, feeding, breeding, cow comfort, heat stress management, calf care, and health monitoring. They cater to a diverse range of end-users including small-scale dairy farms, large-scale dairy operations, and cooperative dairy farms.
The dairy herd management market research report is one of a series of new reports from The Business Research Company that provides dairy herd management market statistics, including dairy herd management industry global market size, regional shares, competitors with a dairy herd management market share, detailed dairy herd management market segments, market trends and opportunities, and any further data you may need to thrive in the dairy herd management industry. This dairy herd management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dairy herd management market size has grown strongly in recent years. It will grow from $4.11 billion in 2023 to $4.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The expansion witnessed during the historical period can be attributed to several factors, including the increasing herd size of dairy farms, rising demand for dairy products, growing production and consumption of milk and dairy items, heightened demand for dairy products, and a growing emphasis on environmental sustainability within the dairy industry.
The dairy herd management market size is expected to see strong growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The projected growth in the forecast period can be attributed to various factors, including the emergence of growth opportunities in emerging economies and developing nations, increased investments and funding directed towards the development of dairy farms, a heightened focus on animal welfare practices, and the globalization of the dairy industry. Major trends anticipated during this forecast period encompass challenges related to a shortage of trained dairy professionals, ongoing technological advancements, the integration of automation and robotics, the adoption of remote sensing technologies, and the utilization of predictive analytics within the dairy sector.
The anticipated increase in dairy farm productivity is poised to drive notable growth within the dairy herd management market in the foreseeable future. Dairy farm productivity pertains to the effectiveness and output of milk production achieved by dairy farms. Dairy herd management systems play a pivotal role in this context, equipping users with the necessary tools and insights to optimize various aspects of herd management, including health monitoring, reproductive efficiency, feed management, and overall farm productivity. For instance, data from the Bureau of Agricultural and Resource Economics and Sciences (ABARES), a federal research entity of the Australian Government, revealed that during the 2022-2023 period, the dairy industry in Australia experienced a record-high farm cash revenue, averaging $361,000 per farm-a remarkable 10% increase from the preceding year. Consequently, the upsurge in dairy farm productivity emerges as a key driver propelling the expansion of the dairy herd management market.
Prominent players within the dairy herd management market are actively engaged in the development of innovative products, exemplified by the introduction of farm management software systems aimed at automating dairy farm operations. Farm management software serves as a valuable asset for farmers, facilitating the optimization and orchestration of various farm activities. For example, in 2024, Afimilk Agricultural Cooperative Ltd., a leading US-based company specializing in the development, manufacturing, and marketing of advanced computerized systems for modern dairy farms and herd management, unveiled AfiFarm 5.5-a cutting-edge herd management software touted as the most advanced in its class. Renowned for its comprehensiveness, ease of use, adaptability to diverse farm requirements, and accessibility, AfiFarm 5.5 offers a myriad of features and enhancements crucial for the automation and management of dairy farms. These features encompass cow monitoring, fertility alert management, parlor automation, and data exchange management, among others. Notable for its user-friendly interface and robust capabilities, AfiFarm 5.5 stands as a testament to the ongoing innovation driving efficiency and productivity gains within the dairy herd management sector.
In October 2021, BouMatic LLC, a pioneering US-based dairy equipment manufacturer, successfully acquired SAC Group for an undisclosed sum. This strategic acquisition aligns seamlessly with BouMatic's objectives, positioning the merged entity as one of the prominent global contenders in the industry. BouMatic's strategic intent encompasses bolstering its global market presence and diversifying its product portfolio, underscoring its steadfast commitment to innovation and growth. SAC Group, headquartered in Taiwan, specializes in manufacturing both traditional and automatic robot milking systems, adding complementary expertise to BouMatic's offerings.
Major companies operating in the dairy herd management market report are Merck and Co. Inc., DeLaval Inc., GEA Group AG, Pearson International LLC, Dun & Bradstreet Inc., Nedap NV, Fullwood Packo, Trioliet, Dairy Master Inc., BouMatic LLC, Alta Genetics Inc., SCR Dairy Inc., Waikato Milking Systems, Afimilk Agricultural Cooperative Ltd, Milkline, Valley Agriculture Inc., Herdwatch, Mesoblast Ltd, Farmtec, SUM-IT, FarmWizard, FBS Systems Inc., Infovet S.R.L., Lely Holdings (S.A.R.L.)
North America was the largest region in the dairy herd management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dairy herd management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the dairy herd management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dairy herd management market consists of revenues earned by entities by providing services such as milk production monitoring, reproductive management, nutrition management, laboratory services. The market value includes the value of related goods sold by the service provider or included within the service offering. The dairy herd management market also includes sales of milking machines, milk bulk tank, milk meters or milk weighers, feeders, water troughs, ear tag applicators, livestock scales. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dairy Herd Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dairy herd management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dairy herd management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dairy herd management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.