Dairy Herd Management Market is Primed for Significant Growth $6.83 Billion, 7.1% CAGR

Dairy Herd Management Market Size Worth $6.83 Billion By 2032 | CAGR: 7.1%


The global dairy herd management market size is expected to reach USD 6.83 billion by 2032, according to a new study by Polaris Market Research. The report “Dairy Herd Management Market Share, Size, Trends, Industry Analysis Report, By Type; By End-use (Small-scale, Large-scale, Cooperative Farms); By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

There is an increasing awareness among dairy farm owners about the need to enhance production methods and reduce operational costs, which is expected to fuel the market. The demand for milk and its derivatives is driven by the rising global population and evolving dietary preferences. As individuals invest more in protein-rich foods, including milk products, their demand is set to surge in the coming years. To meet this demand, farmers are transitioning from manual to automated operations, incorporating technologies like waste and environment management, and utilizing mobile apps to manage cattle and dairy production efficiently.

The dairy industry is anticipated to experience growth due to factors like increased consumerism, urbanization, and the rise in nuclear families, particularly in value-added products. Greater health awareness is fueling the demand for products like probiotics and fortified milk foods, while urban lifestyle shifts are increasing the demand for packaged milk products. Additionally, processed products such as curd, buttermilk, ghee, butter, ice cream, and paneer are driven by the growing trend of families becoming smaller and more nuclear.

Compared to other sectors, the dairy industry has been slower to adopt robots mainly due to limited awareness about the technology and the relatively low income of dairy farm owners. However, there are numerous promising applications of robotics within this industry. One notable and successful application is robotic milking, where milk is extracted from dairy animals without human intervention. This automated approach is anticipated to enhance the market as more of these systems are implemented in the dairy sector.

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Dairy herd management can benefit greatly from reliable and advanced software and hardware components such as temperature controllers, behavior monitoring cameras, and sensors, which have low error rates. When combined with historical databases, these components can improve production efficiency. Additionally, dairy herd management offers various advantages, including monitoring health and behavior during calving and pregnancy, as well as tracking medications, which are expected to drive market growth in the coming years.

The large-scale end-user segment in the market is expected to maintain its dominance throughout the forecast period due to its higher adoption rate. Furthermore, the increasing awareness of its cost advantages over traditional management methods, coupled with the rising labor costs, is projected to drive market growth in the coming years. As global competition pressures continue, farm owners are prompted to invest in innovative solutions to achieve operational efficiency.

Dairy Herd Management Market Report Highlights

  • Milk management systems will grow at a rapid pace, owing to the optimization of the dairy operations
  • Large scale farms segment will grow rapidly to reduce the cost of installation and achieve profit margins
  • Europe held the largest share, owing to rising labor costs and innovations in the sector
  • Asia Pacific will grow rapidly, owing to the presence of a huge cattle population and the largest milk producer
  • The key market players include Alta Genetics, DeLaval, GEA Group, Lely, Afimilk, BouMatic, Herdlync, SUM-IT, and VAS

Polaris Market Research has segmented the dairy herd management market report based on type, end use, and region:

Dairy Herd Management, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Milk Management Systems
  • Feeding/Nutrition Management Systems
  • Animal Waste Management Systems
  • Breeding Management
  • Others

Dairy Herd Management, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Small-scale Dairy Farms
  • Large-scale Dairy Farms
  • Cooperative Dairy Farms

Dairy Herd Management, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Dairy Herd Management Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 3.67 billion

Revenue forecast in 2032

USD 6.83 billion

CAGR

7.1% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Type, By End Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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