The increasing herd size of dairy farms and growing consumption of milk and dairy products are the primary growth drivers for the dairy herd management market. Increasing public-private funding and investments in dairy farming and technological advancements are further aiding the market growth.
Along with this, the shortage of trained dairy professionals is further expected to challenge the growth of this market. The dairy herd management market is segmented based on product, application, farm size, and region.
COVID-19 impact on the Dairy Herd Management Market
Globally, the outbreak of COVID-19 has caused significant disruptions to businesses and economic activities across the world, including the dairy market. Due to the pandemic, the demand for ‘out of home’ dairy products has reduced significantly, misbalanced supply and demand, and negatively impacted global farmgate milk prices. Additionally, the profitability of dairy farms is reduced due to the increased feed costs, which are likely to last till the first half of 2021. Still, a recovery is expected during the second half of this year.
Due to the pandemic and the movement restrictions associated with it, the labor-intensive dairy industry has faced a production shortage as the majority of tasks in animal farms are performed by skilled laborers. This has hampered the supply of laborers in farms and processing plants and milk transportation.
According to the OECD-FAO Agricultural Outlook 2019-2028, compared to the previous decade, the estimated growth of cowherds is 1.2% per annum and is higher than the estimated average yield growth (0.4%) as cowherds are projected to grow faster in countries with low yields.
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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 labor efficiency.
The increasing demand for milk & milk products due to the rising population, growing disposable incomes, rapid urbanization, and implementation of government initiatives for the development of the dairy farming industry are the major factors driving the growth of the dairy herd management market in Asia Pacific.
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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Dairy Plant and Vehicle Management System.
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[163 Pages Report] The global dairy herd management market is projected to reach USD 3.55 billion by 2022 from USD 2.57 billion in 2017, at a CAGR of 6.7%.Growing herd sizes, the rising production & consumption of milk & dairy products, increasing investments in dairy farm development, and technological advancements in management systems have all played a significant role in driving market growth.Download a PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36572220 By application, the milk harvesting segment is expected account for the largest share of the marketBased on application, the market is segmented into milk harvesting, feeding, breeding, animal comfort & heat stress management, calf management, health management, and other applications (such as genetic management, cattle sorting, weighing, and data analysis).
In 2017, the milk harvesting segment is estimated to command the largest share of the dairy herd management market.
Factors such as increasing preference for automated milk harvesting systems and high focus of farmers towards increasing milk yield are supporting the growth of the milk harvesting segment.
Request a Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=36572220By end user, the small-scale dairy farms segment is expected to be the largest contributor to the dairy herd management market On the basis of end user, the market is segmented into small-scale dairy farms, large-scale dairy farms, and cooperative dairy farms.
In 2017, the small-scale dairy farms is expected to account for the largest share of the dairy herd management market.
The growing demand for dairy products in developing countries (owing to the rising population) and growing support from various public-private organizations for small-scale dairy farmers in developing countries are the major factors driving the demand for dairy herd management products in this end-user segment.Asia Pacific is expected to grow at the fastest rate in the dairy herd management market during the forecast period Europe (comprising Germany, France, the UK, and Rest of Europe) is estimated to account for the largest share of the global dairy herd management market in 2017.
