The global dairy herd management market size is expected to reach USD 5.35 billion by 2030, registering a CAGR of 7.1% during the forecast period, according to a new report by Grand View Research, Inc. Rising awareness among dairy farm owners toward improvement and optimization of production methods to decrease operational cost is anticipated to drive the market. Increasing global population and changing dietary habits are increasing demand for milk and milk products. The per capita income of individuals is increasing and as a result, they are spending more on foods that are rich in proteins, carbohydrates, and other vital nutrients. Milk and milk products being a major source of protein, their demand is expected to rise in the upcoming years. In order to cater to this increasing demand, farmers are upgrading manual operations to automated ones, such as waste and environment management, and increasing usage of mobile apps for managing cattle and dairy production.
Dairy Herd Management Market Report Highlights
- The global market is anticipated to exhibit a CAGR of 7.1% over the forecast period, on account of growing emphasis of end users on improvement and optimization of dairy operations
- By product, milk management systems are anticipated to exhibit steady growth through 2030 thanks to increasing adoption and deployment in dairy farms
- On the basis of end user, large-scale farms will register higher growth compared to cooperative, small, and medium scale ones owing to associated cost of installation of such solutions
- Asia Pacific is anticipated to exhibit lucrative growth over the forecast period owing to changing preference of dairy farm owners toward automation in the industry. Moreover, favorable government initiatives to increase production in countries such as China and India are expected to boost the market.
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The dairy industry has been lagging behind, as compared to other industrial sectors, in the adoption of robots. This can be attributed to limited knowledge about the technology and low per capita income of dairy farm owners. However, there is a wide range of potential applications of robotics in this industry. Milking robots or automatic milking systems are one of the effective and successful applications of robotics in this space. Robotic milking refers to extraction of milk from dairy animals without human labor. The implementation of automated systems in this industry is expected to boost the market.
Advanced software and hardware components such as temperature controllers and behavior monitoring cameras and sensors used in dairy herd management have minimal error probability. Use of these components in combination with integrated historical database helps in improving production output. Advantages of dairy herd management during calving and pregnancy, such as health and behavior monitoring and medication tracking, are also expected to support market growth in the upcoming years.
However, manufacturers have struggled to integrate these health-related operational improvements into mainstream dairy farming practices. While attempts were made in the past to introduce new these technologies, small-scale farmers have been skeptical to use new technologies and have rejected the same. This arises from an orthodox mindset or focus on buying new livestock to increase production rather than investing in new technology.
The large-scale end-user segment has been dominating the market and is expected to retain its dominance over the forecast period on account of higher rate of adoption. Moreover, increasing awareness regarding its cost benefits over traditional management techniques, coupled with rising labor cost, is expected to boost the market in the upcoming years. Growing competition trends have also led farm owners globally to install innovative solutions that help them attain operational efficiency. However, high initial investments inclusive of expensive consulting fees, major infrastructural developments, and advanced controllers and equipment, combined with low awareness among end users are expected to restrain the market growth.
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We have segmented the global dairy herd management market based on type, end-use, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Dairy herd management market is a technique which is used to track the health and productivity of the dairy animals.
They are widely used for application such as cow comfort and heat stress management, health management, large scale dairy farms, and other.Growing herd size of dairy farms and increasing demand for milk worldwide will affect the growth of the market positively.
On the other hand, growing demand for milk management system and rising popularity of on-premise software products are other factors which will enhance the growth of the dairy herd management in the forecast period of 2019 to 2026.Dairy herd management market is expected to gain market growth in the forecast period of 2020 to 2027.
Increasing urbanization and growing demand for dairy products are the factor which will create new opportunities for dairy herd management market.The competitive analysis of the major market players studied in the Dairy Herd Management Market report, assists businesses take better moves for improving their product and sales.
This Dairy Herd Management Market report delivers the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2020-2027.
All statistical and numerical information given in the Dairy Herd Management Market report is symbolized with the help of graphs and charts which facilitates the understanding of facts and figures.Get Sample Report + All Related Images and Graphs @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-dairy-herd-management-market Market Drivers and Restraints:Dairy herd management market is segmented of the basis of product, application and end use.Based on product, dairy herd management market is segmented automated systems and standalone software.
Dairy herd management market is a technique which is used to track the health and productivity of the dairy animals.
They are widely used for application such as cow comfort and heat stress management, health management, large scale dairy farms, and other.Growing herd size of dairy farms and increasing demand for milk worldwide will affect the growth of the market positively.
On the other hand, growing demand for milk management system and rising popularity of on-premise software products are other factors which will enhance the growth of the dairy herd management in the forecast period of 2019 to 2026.The competitive analysis of the major market players studied in the Dairy Herd Management Market report, assists businesses take better moves for improving their product and sales.
The report contains the details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology.This Dairy Herd Management Market report delivers the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2020-2027.
All statistical and numerical information given in the Dairy Herd Management Market report is symbolized with the help of graphs and charts which facilitates the understanding of facts and Dairy herd management market is expected to gain market growth in the forecast period of 2020 to 2027.
Increasing urbanization and growing demand for dairy products are the factor which will create new opportunities for dairy herd management market.Get Sample Report + All Related Images and Graphs @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-dairy-herd-management-market Market Drivers and Restraints:Dairy herd management market is segmented of the basis of product, application and end use.Based on product, dairy herd management market is segmented automated systems and standalone software.
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Factors leading the dairy herd management marketThe dairy herd management market is one of the largest market known in the world.
There are various factors influencing the growth of the market along with being the reason for its demand too.The demand for milk and milk products is a reason for the hike of the milk dairy business.
The demand for milk, butter, cheese, and the products made from milk is a simple factor that is boosting the market.Other factors include- growing production & consumption of milk and the dairy products, the increasing public-private funding, the rising number of dairy farms, technological advancements, substantial cost savings associated with dairy herd management, etc.
are few of the factors that are pushing the growth of the market towards the success.Also, the futuristic operational cost profiting the associated herd management solutions is one such reason that is considered to provide an evident push in the market.
Such systems are a promising factor in the maintenance of the livestock’s health by checking on their feeding habits, disease encountered, environment control, and their behavior.
According to the MarketsandMarkets, the dairy herd management market size is projected to level up to USD 3.55 Billion by 2022 from USD 2.42 Billion in 2016 at a CAGR of 6.7%.
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