Dairy Herd Management Market by Product (Automated Systems (Milking, Feeding/Nutrition Management), Software (Cloud based, AI, Data Analytics)), Application (Breeding, Calf Management, Feeding,), Farm Size (Large, Medium, Small) – Global Forecast to 2026″, The global dairy herd management market is projected to USD 5.4 billion by 2026 from USD 3.7 billion in 2021, at a CAGR of 7.9% during the forecast period
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The automated dairy herd management segment dominated the Dairy herd management market in 2020.
Based on product, the dairy herd management market is segmented into automated systems and software. Automated dairy management systems accounted for the largest share of the dairy herd management market in 2020. The large share of the automated systems segment is attributed to the increasing preference for automated systems due to their cost and labour efficiency.
The milk harvesting segment is to witness the highest CAGR during the forecast period.
Based on application, the dairy herd management market is categorized into milk harvesting, feeding, breeding, cow comfort and heat stress management, calf management, health management, and other applications (such as genetic management, cattle sorting, and weighing). The milk harvesting segment held the largest share in 2020. The large share is attributed to the increasing preference for automated milk harvesting systems, high focus of farmers on increasing milk yield, and the growing demand for dairy products.
Europe was the largest regional market for dairy herd management market in 2020.
The global dairy herd management market is segmented into North America (the US and Canada), Europe (Germany, the UK, France, Netherlands, and the Rest of Europe), Asia Pacific (Japan, China, India, New Zealand & Australia, and the Rest of Asia Pacific), and the Rest of World. In 2020, Europe dominated the global dairy herd management market, followed by North America. The large share of the European market can be attributed to a well-established dairy herd management industry, significant funding for research in dairy herd management, increasing herd size of dairy farms, rapid technological adoption in dairy farms, and the high cost of labor.
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The global dairy herd management market is consolidated. The prominent players operating in this market include DeLaval Inc. (Sweden), Merck & Co., Inc. (US), GEA Group Aktiengesellschaft (Germany), BouMatic (US), and Afimilk Ltd. (Israel).
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