Dairy Herd Management Market | Industry Analysis Report, 2027
The global Dairy Herd Management market gathered revenue around USD 2.60 Billion in 2020 and market is set to grow USD 7.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.4% during the prediction period 2021 to 2027.
Growth Factors:
The global market for dairy herd management will expand at a significant rate, owing to numerous benefits offered by the management system, coupled with rising adoption rates. Dairy herd management is a smart farming technique developed to increase overall efficiency and productivity. Dairy herd management enables the managers of dairy farms to keep count of the animals, record their conception rates, births, calf age, and detect health related issues faced by the cattle. Unlike traditional dairy herd farming practices that require more time, labor, and money, dairy herd management systems offer high outputs with reduced costs and lesser time.
The global market for dairy herd management has been segmented on the basis of application, geography, and product type. By application, feeding management, animal comfort, milk harvesting, heat stress management, reproduction management, calf management and others such as decision support, financial management, weighing, genetic management, cattle sorting, weighing, and data analysis are the key applications.
Based on product type, standalone software system and hardware system are the two major categories. The standalone segment has further been classified into cloud-based, on-premise, and web-based. Fertility management system, feeding management system, cattle management system, milk management system, and other accessories are the key segments of the hardware system segment.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Dairy Herd Management market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Dairy Herd Management market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 7.2 Billion by 2027 |
| Growth Rate | CAGR of 8.4% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Product, Application, Farm Size and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Alta Genetics Inc.; Dairymaster; Delaval Inc.; Afimilk; BouMatic LLC; Fullwood Packo; GEA Group Aktiengesellschaft; Lely; SCR Dairy Inc.; Sum-it Computer Systems; Valley Agricultural Software; and Zoetis. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Dairy Herd Management market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional Insights
An increasing number of dairy farms and rising labor costs have helped drive the adoption of dairy herd management solutions in several European and North American countries. Advantages such as a reduction in labor cost and increasing operational efficiency of the dairy farms have also led to the wide adoption of dairy herd management solutions in agriculture-based economies such as China, Brazil, Japan, and India. Implementing dairy herd management solutions over the last few years was considered challenging as it requires careful installation. However, in recent years, awareness about the adoption of dairy systems has increased with growing practical experience.
In 2020, Europe accounted for just over 32.0% of the total market revenue, followed by North America. This growth is attributed to increasing awareness regarding automation among dairy farm owners, leading to high adoption of solutions such as milk management systems and nutrition management systems.
Government arbitration plays a major role in regulating market growth. Governments in key dairy-producing countries such as China, India, and Brazil monitor the pricing structure and provide subsidies on automation installation to increase productivity. Moreover, growing awareness among farmers related to automation of dairy farm operations is a major driving factor in the Asia Pacific and Latin American markets.
MARKET OPPORTUNITY:
The adoption of dairy herd management products or technology in developing countries is slow, primarily due to high installation costs and low awareness among farmers. However, growing demand for milk and dairy products, increasing per capita income of farmers in developing countries, rising herd size, and growing focus of governments on livestock farming and agricultural sector are expected to increase the demand for advanced dairy herd management solutions in developing countries in the coming years. Considering this, emerging markets such as India, China, Turkey, and other developing countries are expected to offer significant opportunities to key players operating in the dairy herd management market.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Dairy Herd Management Market include: Alta Genetics Inc.; Dairymaster; Delaval Inc.; Afimilk; BouMatic LLC; Fullwood Packo; GEA Group Aktiengesellschaft; Lely; SCR Dairy Inc.; Sum-it Computer Systems; Valley Agricultural Software; and Zoetis.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Product
By Application
By Farm Size
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Dairy Herd Management market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Dairy Herd Management market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Dairy Herd Management markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Dairy Herd Management market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers