Dairy Herd Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Dairy Herd Management Market Analysis

The dairy herd management market is expected to register a CAGR of 7.0% over the forecast period.

The COVID-19 pandemic negatively impacted the dairy herd management market due to substantial hurdles in the supply chain and price volatility. The demand for dairy products reduced significantly amid the outbreak. For instance, in January 2021, an article published in the journal Animal Frontiers reported that the pandemic led to the interruption of farm visits for non-essential activities, such as milk recording, type evaluation, bull dam care, and bull sire recruitment. 

Also, due to the financial burden faced by low- and middle-income countries, subsidies for the animal world, either breeder's associations or research, decreased significantly. Thus, the initial impact of the pandemic on herd management was adverse. However, with the introduction of numerous dairy herd management systems coupled with the advantages of these systems and the resumption of dairy farm activities, the market is anticipated to witness substantial growth over the forecast period.

The factors driving the market include the growing herd size of dairy farms, the growth in the adoption of dairy herd management systems and software, the increasing production and consumption of milk and dairy products, and rising funding investments toward the development of dairy farms.

One of the major factors driving market growth throughout the analysis period is the growing herd size of dairy farms, which is accompanied by increased production and consumption of milk and dairy products. For instance, in March 2022, a report published by the DAFM reported that the average dairy and suckler herd sizes in Ireland stood at 901,503 and dairy cow herds were 1,649,362. Such an increase in the dairy herd is likely to positively impact market growth as this will increase the demand for dairy herd management systems among the farmers.

Furthermore, according to an article published in February 2021 by Animal Welfare, the adoption of robotic milking systems in Ontario, Canada, has increased milk production and quality. Similarly, in March 2022, another article published in the JAS reported that a robotic milking system (RMS) increases and improves milk production and quality. Such an increase in the adoption of dairy herd management systems is likely to augment the market's growth over the coming years.

Similarly, introducing newer systems and software will augment the market's growth shortly. In 2021, the article published by the IOP Conference Series: Earth and Environmental Science reported how a complex system of automated herd management, using electronics and touch sensors, allows analyzing milk samples during milking and evaluating the health status of each animal. This advanced technology saves intensive labor. Also, the use of tools such as data analytics and decision-making tools takes cattle breeding to a whole new level. These technological advancements enable efficient utilization of the individual cow's production potential by focusing on their health, monitoring milk quality, effectively managing farms, enhancing productivity, and supervising breeding. These benefits generate increased interest among dairy farmers toward technologically advanced herd management products and further increase their adoption in the dairy industry.

Therefore, owing to the aforementioned factors, it is anticipated that the studied market will witness growth over the analysis period. However, the low awareness in developing countries and the higher initial investment required to introduce this technology into traditional practices are likely to impede market growth.

Dairy Herd Management Market Trends

This section covers the major market trends shaping the Dairy Herd Management Market according to our research experts:

Milk Harvesting Management Segment Expected to Witness Significant Growth

Dairy Herd Management Industry Segmentation

Dairy herd farm management ensures that proper procedures are set up on the dairy farm to improve milk production and the cows' fertility and health. 

TThe Dairy Herd Management Market is Segmented by Product Type (Hardware, Standalone Software, and Other Product Types), Application Type (Milk Harvesting Management, Breeding Management, Feeding Management, and Other Application Types), End-user Type (Small-scale Dairy Farms, Large-scale Dairy Farms, and Co-operative Dairy Farms), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.