What Has Been the Growth of the Dairy Herd Management Market So Far?
The dairy herd management market has seen considerable growth due to a variety of factors.
• There has been substantial growth in the size of the dairy herd management market in the recent past. Its expansion will continue from a market worth of $4.48 billion in 2024 to a value of $4.86 billion in 2025, showing a compound annual growth rate (CAGR) of 8.3%.
This considerable growth in the historical period has been driven by factors such as the increase in the size of dairy farming herds, a surge in the demand for dairy products, expanding production and consumption of milk and other dairy items, growing demand for dairy goods, and emphasis on environmental sustainability.
What Is the Forecasted Market Size and Growth Rate for The Dairy Herd Management Market Size In The Coming Years?
The dairy herd management market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the dairy herd management market, with impressive growth predicted in the upcoming years. The market size is projected to reach $6.73 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.5%.
This upward trend during the projected period is due to a variety of factors. These include the potential for expansion in emerging and developing economies, increasing investment and funding for dairy farm development, emphasis on animal welfare, and the global expansion of the dairy industry. Notable trends for the forecast period encompass the shortage of skilled dairy professionals, technological advancements, and the emergence of automation and robotics, remote sensing technologies, and predictive analytics.
What Factors Are Driving Growth In The Dairy Herd Management Market?
The growth trajectory of the dairy herd management market is anticipated to be driven by a surge in dairy farm productivity. This refers to how effectively a dairy farm yields milk production. These systems for managing dairy herds equip users with the necessary tools and insights to maximize herd health, enhance reproductive efficiency, improve feed management, and boost overall agricultural productivity. For instance, data from the Bureau of Agricultural and Resource Economics and Sciences (ABARES), a research arm of the Australian Government Department of Agriculture, Water, and Environment, reveals that in the 2022-2023 period, the dairy industry in Australia recorded an all-time high in farm cash income, pushing up the average to $361,000 per farm, which marked a 10% increase from the prior year. As such, the escalation in dairy farm productivity is a key driving force for the expansion of the dairy herd management market.
What Are The Main Segments Of The Global 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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What New Trends Are Influencing The Dairy Herd Management Market?
Major corporations in the dairy herd management market are driving innovation by creating products like farm management software systems to automate dairy farming operations. This type of software serves as an essential resource for farmers in streamlining and overseeing their operations. For example, in 2024, Afimilk Agricultural Cooperative Ltd, a US company specializing in creating, manufacturing, and marketing high-tech computerized systems for modern dairy farms and herd management, introduced AfiFarm 5.5, a progressive software for herd management. This comprehensive, user-friendly and adaptable tool is designed to meet the specific needs of a farm, and is easily attainable. It brings new features and enhancements critical to automating and controlling dairy farms, including cow observation, fertility warning management, parlor automation, and data handling. Known for its user-friendly interface and potent capabilities, this software is gaining popularity among farmers.
Who Are the Key Players In 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.)
What Is The Most Dominant Region In The Dairy Herd Management Market?
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.
