Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.08 Billion | USD 8.02 Billion | 7.80% | 2023 |
The global dairy herd management market size was worth around USD 4.08 billion in 2023 and is predicted to grow to around USD 8.02 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.80% between 2024 and 2032.
The report analyzes the global dairy herd management market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the dairy herd management industry.
Dairy herd management is used to detect the health of dairy animals and their productivity. The increasing demand for milk and other dairy products is expected to drive the global dairy herd management market over the estimated time period. Moreover, the growing number of government initiatives for dairy herd management in both the developed and developing countries is likely to further drive the global dairy herd management market in the future. Technological advancements have shifted toward conventional methods, which include manual and traditional methods for dairy herd management. The inclination toward dairy herd management is increasing due to its efficiency and reduced costs. Furthermore, increasing population all across the globe is further estimated to drive the dairy herd management market over the estimated period. However, stringent policies implemented by governments and ruling authorities across various countries and enforcement of strict trade policies may hinder the growth of the global dairy herd management market.
The global dairy herd management market is fragmented based on application, product, and end-user.
By application, the market includes health management, calf management, cow comfort, and heat stress management, breeding, feeding, and milk harvesting.
Based on product, the dairy herd management market includes standalone software (web-based/cloud-based software and on-premises software) and automated dairy management systems (herd disease management systems, cattle management systems, feeding/nutrition management systems, reproductive health management systems, and milk management systems).
Based on end-user, the dairy herd management market includes cooperative dairy farms, large-scale dairy farms, and small-scale dairy farms. Small-scale dairy farms are estimated to hold a prominent market share and show significant CAGR over the estimated timeframe, due to the rising demand for dairy products.
Report Attributes | Report Details |
---|---|
Report Name | Dairy Herd Management Market |
Market Size in 2023 | USD 4.08 Billion |
Market Forecast in 2032 | USD 8.02 Billion |
Growth Rate | CAGR of 7.80% |
Number of Pages | 110 |
Key Companies Covered | Afimilk, Valley Agricultural Software, Sum-It Computer Systems, FarmWizard, DeLaval, Allflex Group, Infovet, Alta Genetics, Lely S.a.r.l., GEA Group, and Dairymaster |
Segments Covered | By Application, By Product, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
By region, Europe is anticipated to dominate the dairy herd management market globally over the projected timeline. Technological advancements coupled with the unprecedented scientific breakthroughs are likely to drive the European market. Asia Pacific is expected to show the fastest CAGR in the upcoming years. A large population base in the Asia Pacific region, especially in India, China, and Japan, is a significant growth factor for the growth of the dairy herd management market in this region. The Middle Eastern and African market is expected to hold a prominent share in the global dairy herd management market.
The global dairy herd management market is dominated by players like:
The global dairy herd management market is segmented as follows;
Global Dairy Herd Management Market: By Application
Global Dairy Herd Management Market: By Product
Global Dairy Herd Management Market: By End-User
Global Dairy Herd Management Market: By Region
FrequentlyAsked Questions
Dairy herd management is the practice of overseeing and optimizing the care, health, and productivity of a group of dairy cows. It involves a complex interplay of factors including nutrition, reproduction, animal health, milking, and overall herd health. The goal is to maximize milk production, ensure animal welfare, and maintain the long-term sustainability of the dairy operation.
According to a study, the global dairy herd management market size was worth around USD 4.08 billion in 2023 and is expected to reach USD 8.02 billion by 2032.
The global dairy herd management market is expected to grow at a CAGR of 7.80% during the forecast period.
Europe is expected to dominate the dairy herd management market over the forecast period.
Leading players in the global dairy herd management market include Afimilk, Valley Agricultural Software, Sum-It Computer Systems, FarmWizard, DeLaval, Allflex Group, Infovet, Alta Genetics, Lely S.a.r.l., GEA Group, and Dairymaster, among others.
The dairy herd management market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed