The global dairy herd management market is projected to reach USD 5.4 billion by 2026 from USD 3.7 billion in 2021, at a CAGR of 7.9% during the forecast period. The increasing herd size of dairy farms and growing consumption of milk and dairy products are the primary growth drivers for the dairy herd management market. Increasing public-private funding and investments in dairy farming and technological advancements are further aiding the market growth. On the other hand, ongoing campaigns to save dairy animals from unethical herd management practices are expected to restrain the growth of this market during the forecast period. Along with this, the shortage of trained dairy professionals is further expected to challenge the growth of this market. The dairy herd management market is segmented based on product, application, farm size, and region.
The global dairy herd management market is consolidated. The prominent players operating in this market include DeLaval Inc. (Sweden), Merck & Co., Inc. (US), GEA Group Aktiengesellschaft (Germany), BouMatic (US), and Afimilk Ltd. (Israel).
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Delaval Inc. (Sweden) is the leading player in the dairy herd management market in 2020. The company has a strong global presence across North America, Latin America, East Asia, Oceania, Europe, and the Middle East & Africa, serving its products in more than 100 countries. The company focuses on product launches to maintain its position in the dairy herd management market.
Merck & Co., Inc. (US) accounted for the high share of the dairy herd management market in 2020. The firms leading position can be attributed to its strong brand recognition and extensive product portfolio in this market. The strong product portfolio of the company is important for its future growth.
Gea Group Aktiengesellschaft (Germany) held the third position in the dairy herd management market in 2020. The company’s product portfolio and strong geographic presence with a well-established distribution channel have helped it gain a competitive edge in the market. The company also has a well-established sales footprint in key countries. The company has its key operations in Germany, Austria, Switzerland and Eastern Europe, Western Europe, Middle East and Africa, North America, Latin America, and APAC.
Dairy Herd Management Market by Product (Automated Systems (Milking, Feeding/Nutrition Management), Software (Cloud based, AI, Data Analytics)), Application (Breeding, Calf Management, Feeding,), Farm Size (Large, Medium, Small) - Global Forecast to 2026
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