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(Medical-NewsWire.com, February 13, 2020 ) Growing herd sizes, the rising production & consumption of milk & dairy products, increasing investments in dairy farm development, and technological advancements in management systems have all played a significant role in driving market growth.
What the Market Looks Like?
Predicted to grow at a CAGR of 5.7% during the forecast period, the global Dairy Herd Management market is estimated to reach USD 20.25 Billion by the end of 2021.
“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 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.
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Geographical growth scenario of Dairy Herd Management Market
The regional segments of the market are North America, Europe, the Asia Pacific, and the Rest of the World (RoW). Europe—characterized by a growing demand for high-quality dairy products, a strong dairy industry, and high production volumes—held the largest share of the dairy herd management market in 2017.
Leading market players
The prominent players in the Dairy Herd Management market include Delaval (Sweden), GEA Group (Germany), Afimilk (Israel), BouMatic (US), Fullwood (UK), Dairy Master (Ireland), Lely Holdings (Netherlands), SCR Dairy (Israel), Sum-It Computer Systems (UK), and VAS (US)
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Mr. Shelly Singh