Dairy Herd Management Market size in 2019 is estimated to be $2.61 billion, growing at a CAGR of 6.5% during the forecast period 2020-2025. Dairy herd management is an important factor for dairy farms that maintain long-term high production. In dairy herd management, milking parlours is part of a building where cows are milked on a dairy farm. Growing consumption of milk and dairy products and technological advancement are the major factors driving the growth of the market. Moreover, increasing cost savings associated with dairy herd management and investments towards development of dairy farms further enhance the overall market demand for dairy herd management during the forecast period 2020-2025.

Key Takeaways

In 2019, North America dominates the dairy herd management market owing to growing consumption of dairy products and increasing contribution in the dairy industry.

Growing consumption of milk and dairy products and technological advancement is driving the market growth of dairy herd management.

Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the dairy herd management market report.

Increasing issues for animal safety and lack of skilled personnel are challenging the growth of the market.

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Geography - Segment Analysis

North America dominated the dairy herd management market share accounting for 38% of the market in 2019. This is mainly owing to growing consumption of dairy products and increasing contribution in the dairy industry. According to U.S. Department of Agriculture, it is estimated that about 24.8% of cows used for milk production who are suffered from mastitis in 2019, which is one of the leading cause of death in adult cows in the dairy industry.

Drivers – Dairy Herd Management Market

Growing Consumption of Milk and Dairy Products

Milk is the most perishable product of all farm produce that increases the consumption of milk and dairy products among consumers are some factors driving the growth of dairy herd management market. Moreover, increasing cost savings associated with dairy herd management and investments towards development of dairy farms are also set to increase the market growth.

Technological Advancements

Continuous advancement in dairy herd management technologies are some factors driving the growth of the market. Moreover, increasing ease of use, real-time analysis and improved functionality further contributing the growth of dairy herd management market.

Dairy Herd Management Industry Outlook: Dairy Herd Management top 10 companies are DeLaval, GEA, BouMatic, Afimilk, Fullwood, Dairy Master, Lely, SCR, Sum-It Computer Systems, and Pearson International.

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