What is the current size and annual growth rate of the dairy herd management market?
The dairy herd management market size has grown strongly in recent years. It will grow from $4.48 billion in 2024 to $4.86 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to growing herd size of dairy farms, rising demand for dairy products, growing herd size of dairy farms and growing production and consumption of milk and dairy products, increasing demand for dairy products, and environmental sustainability.
The dairy herd management market size is expected to see strong growth in the next few years. It will grow to $6.73 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to Growth opportunities in emerging economies, growth opportunities in developing nations, rising investments and funding toward the development of dairy farms, focus on animal welfare, and globalization of dairy industry. Major trends in the forecast period include dearth of trained dairy professional, technological advancements, automation and robotics, remote sensing technologies, and predictive analytics.
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What have been the primary factors driving the dairy herd management market’s growth?
Increasing dairy farm productivity is expected to propel the growth of the dairy herd management market going forward. Dairy farm productivity refers to the efficiency and output of milk production a dairy farm achieves. Dairy herd management systems empower users with the tools and information to optimize herd health, reproductive efficiency, feed management, and overall farm productivity. For instance, according to the Bureau of Agricultural and Resource Economics and Sciences (ABARES), a federal research branch of the Australian Government Department of Agriculture, Water, and Environment, in 2022-2023, the dairy industry in Australia achieved a record-high in farm cash revenue, with an average of $361,000 per farm, representing a 10% increase from the previous year. Therefore, increasing dairy farm productivity is driving the growth of the dairy herd management market.
What are the key segments within the dairy herd management market?
The dairy herd management market covered in this report is segmented –
1) By Product Type: Hardware, Standalone Software, Other Products
2) By Application: Milk Harvesting, Feeding, Breeding, Cow Comfort And Heat Stress Management, Calf Management, Health Management, Other Applications
3) By End-User: Small-Scale Dairy Farms, Large-Scale Dairy Farms, Co-operative Dairy Farms
Subsegments:
1) By Hardware: Milking Systems, Sensors And Monitoring Devices, Automatic Feed Systems, RFID Tags And Readers
2) By Standalone Software: Herd Management Software, Milk Production Tracking Software, Health And Breeding Management Software
3) By Other Products: Data Management Solutions, Mobile Applications For Herd Monitoring, Veterinary Health Solutions
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Which key players are shaping the dairy herd management market?
Major companies operating in the dairy herd management market are Merck and Co. Inc., DeLaval Inc., GEA Group Aktiengesellschaft, 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.)
How will emerging trends drive the dairy herd management market throughout the forecast period?
Major companies operating in the dairy herd management market are developing innovative products such as farm management software systems to automate dairy farms. Farm management software is a valuable tool for farmers to optimize and manage their operations. For instance, in 2024, Afimilk Agricultural Cooperative Ltd., a US-based company developing, manufacturing, and marketing advanced computerized systems for modern dairy farms and herd management, launched AfiFarm 5.5, the most advanced herd management software. It is comprehensive, easy to use, adaptable to the unique requirements of a farm, and accessible. It has a fresh set of features and improvements and is essential to the automation and management of dairy farms. It offers features such as cow monitoring, fertility alert management, parlor automation, and data exchange management. The software is known for its user-friendly interface and powerful capabilities.
How do regional factors impact the dairy herd management market, and which region is the largest contributor?
North America was the largest region in the dairy herd management market in 2024. 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.
What Does The Dairy Herd Management Market Report 2025 Offer?
The dairy herd management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Dairy herd management refers to the comprehensive oversight and optimization of activities related to dairy farming, encompassing aspects such as animal health, milk production, and farm operations. It involves using advanced technologies and data-driven approaches to enhance efficiency and productivity in dairy operations.
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