Dublin, Sept. 02, 2024 (GLOBE NEWSWIRE) -- The "Dairy Herd Management - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Dairy Herd Management was estimated at US$3.8 Billion in 2023 and is projected to reach US$5.4 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Modern dairy herd management utilizes sophisticated software and hardware to monitor herd health, track production metrics, and streamline operations. For instance, wearable sensors on cows can track their movement, temperature, and milk yield, providing data that help farmers make informed decisions about nutrition, medical care, and breeding. These technologies not only enhance animal welfare and farm efficiency but also ensure the production of high-quality milk and dairy products.
What Challenges Do Farmers Face in Dairy Herd Management?
The primary challenges in dairy herd management include the high costs of technological implementation and the complexity of data management. Advanced systems like automated milking machines and health monitoring devices require significant upfront investment and ongoing maintenance. Additionally, the vast amounts of data generated by these technologies need to be effectively managed and analyzed to be useful, requiring farmers to have or develop a certain level of technical expertise or hire specialists. There's also the challenge of integrating new technologies with existing farm practices and systems, which can be disruptive and time-consuming.
What Are the Latest Advances in Dairy Herd Management Technologies?
Advancements in dairy herd management are focusing on automation, real-time data analysis, and improved animal welfare. Automated milking and feeding systems not only reduce labor costs but also increase milking efficiency and accuracy in feed dispensation. Real-time data analysis tools help in early detection of diseases, optimizing breeding periods, and improving overall herd health. Innovations such as machine learning models predict and prevent potential health issues before they become serious, thus maintaining a healthier herd and reducing veterinary costs. Moreover, the integration of cloud computing allows farmers to access information remotely, facilitating better management decisions regardless of location.
What Drives the Growth in the Dairy Herd Management Market?
The growth in the dairy herd management market is driven by several factors, including the increasing global demand for dairy products, the need for enhanced operational efficiency on dairy farms, and the growing emphasis on animal welfare. As dairy consumption rises worldwide, farmers are pressured to increase productivity without compromising quality, driving them to adopt advanced management solutions.
The implementation of strict animal welfare regulations across many countries also necessitates more precise and humane management practices, further propelling the adoption of technology in herd management. Additionally, environmental concerns push for more sustainable farming practices, which efficient herd management can help achieve by optimizing resource use and reducing waste.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automated Systems segment, which is expected to reach US$3.5 Billion by 2030 with a CAGR of a 6.0%. The Standalone Software segment is also set to grow at 3.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.0 Billion in 2023, and China, forecasted to grow at an impressive 8.7% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Afimilk Ltd., Boumatic Robotics, B.V., Dairymaster USA Inc.,, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 163 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.8 Billion |
| Forecasted Market Value (USD) by 2030 | $5.4 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- Dairy Herd Management - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Increase in Herd Size to Drive Demand
- Increase in Funding and Investments towards Dairy Farms Development to Spur Market Demand
- Integration of IoT and Big Data in Dairy Herd Management Enhances Efficiency
- Advances in Animal Health Monitoring Systems Propel Market Growth
- Growing Importance of Sustainable Farming Practices Drives Adoption of Management Solutions
- Expansion of Automated Feeding Systems in Dairy Management
- Rising Global Demand for Milk and Dairy Products Strengthens Need for Efficient Herd Management
- Adoption of Mobile Applications for Real-Time Herd Management
- Challenges in Labor Shortages and Increasing Automation in Dairy Farms
- Innovations in Dairy Herd Health Management and Preventative Care Practices
- Expansion of Dairy Farms in Emerging Markets and the Need for Scalable Solutions
FOCUS ON SELECT PLAYERS(Total 22 Featured)
- Afimilk Ltd.
- Boumatic Robotics, B.V.
- Dairymaster USA Inc.,
- DeLaval
- Farmtec a. s.
- Farmwizard
- Fullwood Ltd.
- GEA Group AG
- Lely Holding S.a.r.l.
- Pearson International LLC.
- SCR (Engineers) Ltd.
- Sum-It Computer Systems, Ltd.
- Trioliet B.V.
- Valley Agricultural Software (VAS)
- Waikato Milking Systems NZ LP.
For more information about this report visit https://www.researchandmarkets.com/r/wy3wre
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