Dairy Herd Management Market is Booming globally with Marginal Growth

Posted by Mrudula Anil Karmarkar on January 31st, 2022

The global dairy herd management market size is expected to reach USD 3.8 billion by 2025, registering a CAGR of 6.6% 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.

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.

Major players operating in the market include Alta Genetics Inc.; Dairymaster; Delaval Inc.; Afimilk; BouMatic LLC; Fullwood Packo; GEA Group Aktiengesellschaft; Lely; SCR Dairy Inc.; Sum-it Computer Systems; Valley Agricultural Software; and Zoetis. In order to capture a larger market share, key market incumbents are undertaking initiatives and adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing.

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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.

Further key findings from the report suggest:

• The global market is anticipated to exhibit a CAGR of 6.6% 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 2025 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
• The dairy herd management market is fragmented in nature. Major players include DeLaval, Inc.; GEA Group AG; Lely Holding S.A.R.L.; and Zoetis Inc.

Grand View Research has segmented the global dairy herd management market on the basis of product type, end user:

Dairy Herd Management Product Type Outlook (Revenue, USD Billion, 2014 - 2025)

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

Dairy Herd Management End-user Outlook (Revenue, USD Billion, 2014 - 2025)

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

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.