Dairy Herd Management Market Poised for Expansion: Projections Indicate US$5,640.8 Million by 2030 | IGF

The global dairy herd management services market size is expected to reach 5,640.8 million US dollars at the end of 2030. According to a study by Future Market Insights (FMI), the market will show a constant rise at CAGR of 6.3% between 2022 and 2030. According to the report, the growing demand for dairy products and the increasing number of dairy cattle worldwide will have a positive impact on the overall market. The report offers a comprehensive overview of the market, covering key growth drivers, constraints, opportunities and prevailing trends. It uses unique research methods to offer the most accurate analysis in the market.

Growing demand for products derived from milk-producing animals and increasing dairy herd are driving this market. Furthermore, the increasing incidence of animal diseases is contributing to the growth of this market. However, factors such as unethical behavior towards animals can negatively impact the dairy herd management services market. Growing demand for milk and dairy products such as cream, butter, and cheese is expected to drive the market during the forecast period.

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It includes in-depth insights into the dairy herd management services market. Some of them are:

• The estimated market value was US$ 3,062 million in 2020. During the forecast period of the report, the market is expected to show a constant growth rate.
• Regionally, Europe has become a key market for dairy herd management services, holding the largest market share.
• North America and Asia will remain stable as key markets for dairy herd management services.
• The outbreak of the novel coronavirus has impacted businesses in countries such as the United States, India, China and Italy. As a result, the market may experience resistance to growth in regions such as North America, Asia Pacific, and Europe.
• Key players are likely to focus on product innovations and business collaborations to stay relevant in developed markets.

Increased consumption of dairy products will propel growth

Growing demand for milk and dairy products such as cream, butter, and cheese is expected to drive the market during the forecast period. The market will likely benefit from operational cost benefits in the long term. Since dairy herd management services help monitor and maintain the overall health of livestock, their demand is likely to increase in the coming years. While earlier forecasts identified rising consumer disposable income as a key driver of growth, the recent coronavirus outbreak has changed the dynamic. Travel restrictions and lockdowns in coronavirus-affected countries may have a negative impact on the overall market.

Who wins?

Some of the major players operating in the dairy herd management services market are Alta Genetics Inc.; Dairy master; Delaval Inc., Afimilk; BouMatic LLC, Fullwood Packo, GEA Group Aktiengesellschaft Lely, SCR Dairy Inc., Sum-it Computer Systems, Valley Agricultural Software and Zoetis.

North America and Europe are expected to contribute the most to the global dairy herd management services market in the near future. Increasing disposable income, increasing population and active government participation in the development of the dairy industry can contribute to the growth of this market in developing countries of Asia-Pacific, America Latin and others.

In order to capture a larger market share, major market players are undertaking initiatives and adopting strategies such as entering into partnerships, participating in mergers and acquisitions, and maintaining competitive pricing.

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TAXONOMY OF THE DAIRY HERD MANAGEMENT SERVICES MARKET

The global dairy herd management market is segmented in detail to cover all aspects of the market and present readers with comprehensive market information.

type of product

• Automated dairy management systems
• Milk management systems
• Reproductive health management systems
• Feeding/Nutrition Management Systems
• Livestock management systems
• Collective disease management systems
• Standalone software
• On-premises software
• Web/Cloud-Based Software

Application

• Milk harvest
• Food
• Reproduction
• Cow comfort and heat stress management
• Calf management
• Health management
• Other applications (genetic management, livestock sorting, weighing and data analysis)

Final user

• Small-scale dairy farms
• Large-scale dairy farms
• Cooperative dairy farms

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• THING

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Recipient and Member of the Greater New York Chamber of Commerce) provides in-depth insight into the driving factors driving market demand. FMI is the leading global provider of market intelligence, advisory services, advisory services and events to the packaging, food and beverage, consumer technology, healthcare, industry and chemicals. With an extensive team of more than 400 analysts worldwide, FMI provides global, regional and local expertise on diverse areas and industry trends in more than 110 countries.

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