Factors such as increasing herd size of dairy farms, growing production and consumption of milk and dairy products, increasing public-private funding and investments in dairy farming, substantial cost savings associated with dairy herd management, and technological advancements in the field are driving the dairy herd management market.
Market Size
The global Dairy Herd Management Market is expected to reach USD 3.55 Billion by 2022 from USD 2.42 Billion in 2016 at a CAGR of 6.7% during the forecast period.
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“Automated systems held the largest share of the dairy herd management products market in 2017”
The market, by product, is segmented into automated systems and standalone software. Automated systems dominated the market in 2017. This is largely due to the increasing mechanization in dairy farming (caused by a dearth of labor), growing preference for automated systems, and the rising demand for dairy products. The automated systems market is segmented further into milk management, feeding/nutrition management, reproductive health management, cattle management, and herd health management systems.
“The large-scale dairy farms segment is expected to grow at the highest rate in the end-user market”
Based on the end-user, the dairy herd management market is segmented into small-scale, large-scale, and cooperative dairy farms. The large-scale dairy farms segment is projected to show the highest growth between 2017 and 2022. Their greater production capacities serve to reduce overall product prices; this has steadily made large-scale operations more feasible overall and allowed for the number of large-scale farms to grow in recent years.
Recent Developments
- In March 2017, DeLaval signed an agreement signed an agreement with Fair Oaks Farms to supply 12 DeLaval voluntary milking system VMS and Fair Oaks Farms added robotic milking systems to its rotary-based milking systems.
- In 2016, GEA launched GEA FRone feed pusher, MIone multibox-system, a series production of the Monobox, and the DairyProQ.
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