Dairy Herd Management Market to Surpass Global Valuation of US$ 5.6 Bn by 2030, Says Future Market Insights
DUBAI, U.A.E, Sept. 8, 2020 /PRNewswire/ -- According to a new market study by Future Market Insights (FMI), the global dairy herd management market is forecasted to witness healthy growth in terms of value between 2020 and 2030.
The study attributes the growth of the market to the ever-increasing consumption of dairy products coupled with the rising number of dairy cattle across the world. To ensure that the products derived from dairy-producing animals retain superior quality while also maintaining a consistent quantity of production, an increasing number of dairy farmers are seeking dairy herd management systems.
The consumption of milk and milk products such as cream, butter, and cheese has remained high over the years and continues to rise in volume annually. Leveraging the opportunity, dairy farmers are leaving no stone unturned to attain high quality and quantity of products derived. This will continue to complement the adoption of dairy herd management solutions for the years to come.
Furthermore, the increasing incidence of diseases in animals and growing awareness among dairy farmers regarding the availability of advanced tools are aiding the growth of the market.
"Being highly reliant on macroeconomic factors such as growing population, favorable regulatory policies, and increased consumer spending on food, the dairy herd management market is set for robust growth through 2030" opines FMI analyst.
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Dairy Herd Management Market - Key Takeaways
- The global dairy herd management market is forecasted to progress at a CAGR of 6.3% and will surpass a valuation of US$ 5.6 Bn by the end of 2030.
- By product type, milk management systems are forecasted to account for the majority of market share since milking is one of the most important operations in the dairy sector.
- Based on applications, milk harvesting and feeding are projected to collectively capture the majority of market share backed by a growing preference for automated milk harvesting systems to ease the process.
- On the basis of end-users, small scale farms are anticipated to channel the majority of revenue share ascribed to growing adoption in order to improve the overall productivity.
Dairy Herd Management Market - Key Trends
- Increased levels of disposable incomes and subsequent spending on organic food has enabled market players to enhance the technology used in farming operations, thus bolstering the adoption of dairy herd management systems.
- The advent of automation technologies has facilitated the development of advanced systems, which in turn, is mutually aiding manufacturers and end-users.
Dairy Herd Management Market - Regional Analysis
- Europe is projected to spearhead the regional landscape on the back of a strong presence of the dairy industry and the high consumption of dairy products in the region.
- North America and Asia will cumulatively account for a remarkable share in the overall market value ascribed to rising spending by dairy farmers to upscale production efficiencies.
Dairy Herd Management Market - Competitive Landscape
Key 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. Market players are focusing on entering strategic partnerships and maintaining competitive pricing to gain a competitive edge.
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Dairy Herd Management Market - Taxonomy
Product Type:
- Automated Dairy Management Systems
- Milk Management Systems
- Reproductive Health Management Systems
- Feeding/Nutrition Management Systems
- Cattle Management Systems
- Herd Disease Management Systems
- Standalone Software
- On-premise Software
- Web-based/Cloud-based Software
Application:
- Milk Harvesting
- Feeding
- Breeding
- Cow Comfort and Heat Stress Management
- Calf Management
- Health Management
- Others (Genetic Management, Cattle Sorting, Weighing, and Data Analysis)
End User:
- Small-scale Dairy Farms
- Large-scale Dairy Farms
- Cooperative Dairy Farms
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Get Valuable Insights into the Dairy Herd Management Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global dairy herd management market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the dairy herd management market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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