Dairy Herd Management Market to Grow at a CAGR of 6.5% During the Forecast Period 2020-2025


Posted October 7, 2020 by Blessy_Joy

Growing Consumption of Milk and Dairy Products and Technological Advancement is Driving the Market Growth of Dairy Herd Management.

 
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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Application - Segment Analysis

Based on the Application, Dairy Herd Management Market is segmented into Health Management, Calf Management, Cow Comfort and Heat Stress Management, Breeding, Feeding, Milk Harvesting. In 2019, milk harvesting held the largest share in the dairy herd management market. This is mainly owing to monitoring milk quality, monitoring milk composition and provide personal hygiene is also contributing to the growth of this segment.

Drivers – Dairy Herd Management Market

Growing Consumption of Milk and Dairy Products

Technological Advancements

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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Issued By Blessy
Business Address IndustryARC
Country India
Categories Business
Tags dairy herd management market , dairy herd management market report , dairy herd management market research , dairy herd management market share
Last Updated October 7, 2020