Global Dairy Herd Management Market Report and Forecast 2024-2032

Global Dairy Herd Management Market Outlook

The global dairy herd management market size reached a value of approximately USD 4.00 billion in 2023. The market is further expected to grow at a CAGR of 6.9% between 2024 and 2032, reaching a value of USD 7.33 billion by 2032.

Key Trends in the Market

Dairy herd management refers to the overall management of dairy farm animals for optimum health and the productivity. This process is cost efficient as it involves techniques from smart farming practices to personalised nutrition, which ensure maximum productivity. Dairy herd management is widely employed in large scale dairy farms and is increasingly being used for smaller farms for health, feeding, milk, and breeding management of dairy animals.

• The key dairy herd management market trends include growing demand for milk and milk-based products such as butter, cheese, and cream. According to the dairy herd management market report, growing populations have resulted in increased consumption of dairy products across the globe, this in turn is boosting the demand for dairy herd management and advanced dairy management solutions.

• Another crucial trend propelling the dairy herd management market growth includes growing initiatives by various governments in forms of ventures, funds, and incentives, among others. These initiatives are offered in order to increase dairy farm productivity as well as encourage establishment of dairy farms so as to meet the increasing requirements of dairy products.

• As per the dairy herd management market forecast, increased focus on research and development activities by the key players in the market is expected to fuel the market growth over the coming years. Introduction of new products aiding in improving the productivity of dairy farms is anticipated to propel the market growth for dairy herd management.

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Market Analysis

On the basis of product, the market is bifurcated into hardware and software, with software further divided by type into web/cloud based, on-premise, and AI and data analytics. Based on application, the market is segmented into milk management systems, feeding/nutrition management systems, animal waste management systems, breeding management, and health management, among others. On the basis of farm size, the market is segregated into small-scale dairy farms, large-scale dairy farms, and co-operative dairy farms. The regional markets for dairy herd management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global dairy herd management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Afimilk Ltd.

• BouMatic LLC

• Dairymaster

• DeLaval Group

• GEA Group AG

• Lely International N.V.

• Valley Agricultural Software, Inc.

• Pellon Group

• Nedap N.V.

• SUM-IT Computer Systems Ltd

• Others

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Market Share by Farm Size

According to dairy herd management market analysis, large-scale dairy farms are expected to significantly contribute towards the revenue growth of the market for dairy herd management over the forecast period. This growth can be attributed to the increased employment of milk handling equipment and dairy herd management software, among others, on large-scale dairy farms so as to increase their overall productivity. Additionally, increasing labour costs in various regions around the globe have resulted in growing utilisation of dairy herd management equipment on large-scale dairy farms in order to generate returns exceeding the operational costs.

Market Share by Region

As per the dairy herd management market research, Europe dominated the market for dairy herd management and is expected to do the same over the forecast period. This domination is owed to the well-established dairy herd management industry in the European region along with the high costs of labour in the region. Other factors aiding the growth of the market in Europe include rising herd size in dairy farms, rising adoption of novel technologies in dairy farm management, and increasing funding for research and development activities. These factors combined are expected to aid Europe in attaining a significant dairy herd management market share in the upcoming years.

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Competitive Landscape

Afimilk Ltd. is an advanced dairy management solutions company that was founded in 1977 and is headquartered in Afikin, Israel. They are the global leaders in manufacturing of advanced computerised systems for modern dairy farm management. The specialities of the company include software applications, herd management systems, complete dairy farms solutions, and turnkey projects.

BouMatic LLC is a milk handling equipment and dairy chemicals company that was founded in 1939 and is headquartered in Wisconsin, United States. They provide innovative solutions to help make dairy farms more profitable while ensuring the welfare of animals. With their research and development expertise and understanding of the requirements of local dairy businesses, they offer solutions to tomorrow’s challenges.

Dairymaster is an industrial machinery manufacturing company that was founded in 1968 and is headquartered in Causeway, Ireland. They are one of the world’s leading manufacturers of dairy farm equipment. They work with the objective of making dairy farming profitable and sustainable, with over 95% of their products manufactured and designed in-house.

Other market players include DeLaval Group, GEA Group AG, Lely International N.V., Valley Agricultural Software, Inc., Pellon Group, Nedap N.V., and SUM-IT Computer Systems Ltd, among others.

Key Highlights of the Report