The global dairy herd management market dominated by Europe, followed by North America. Asia-Pacific region expected to grow at highest CAGR in next five years. Factors like growing demand for milk and milk products primarily due to rising population, disposable incomes, & rapid growth in urbanization across Asia-Pacific region are propelling growth of market in Asia-Pacific region.
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The growth of dairy herd management market is primarily driven by increasing herd sizes in dairy farms and rising consumption of milk and dairy products across globe. The global dairy herd management market is projected to reach USD 2.90 billion by 2021 at a CAGR of 7.8% during forecast period.
Geographically, Europe is estimated to command largest share of global dairy herd management market in 2016, followed by North America.
Complete report on Dairy Herd Management Market spread across 148 Pages, Profiling 10 Companies and supported with 87 Tables and 36 Figures is now available at www.rnrmarketresearch.com/dairy-herd-management-market-by-product-hardware-systems-software-application-feeding-milking-heat-stress-animal-comfort-reproduction-management-by-end-user-small-large-cooperative-market-report.html .
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In this report, dairy herd management market has been segmented into hardware and systems and standalone software. The hardware & systems segment is estimated to account for the largest share of the dairy herd management market in 2016; this large share is attributed to the rising demand for herd management systems as well as dairy products, increasing preference for automated hardware and systems, technological advancements, and increasing number of dairy cattle globally.
- Dairy herd management hardware and system manufacturers and vendors
- Associations related to dairy herd management, medium-scale, and large-scale dairy farms
- Research and consulting firms
- Dairy herd management software manufacturers and vendors
The global dairy herd management market is projected to grow at a CAGR of 7.8% during the forecast period, and reach a value of USD 2.90 Billion by 2021. Increasing herd size of dairy farms and growing production & consumption of milk and dairy products across various regions are the major factors driving the growth of the market.
In addition, factors such as substantial cost savings associated with dairy herd management and key benefits offered by the implementation of smart farming techniques are further stimulating the growth of the market.
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On basis of application, global dairy herd management market is segmented into milk harvesting, reproduction management, animal comfort, calf management, feeding management, heat stress management, & other applications (genetic management, cattle sorting, weighing, data analysis, decision support, & financial management). Milk harvesting segment is expected to account for largest share of dairy herd management market in 2016.
1 Dairy Herd Management: Market Overview
2 Regional Analysis: Dairy Herd Management Market, By Product, 2016 vs. 2021 (USD Million)
3 Dairy Herd Management Market Growth Rate, By Product and Region (2016–2021)
4 Dairy Herd Management Market, By Application
Key players in the dairy herd management market include BouMatic (U.S.), Dairy Master (Ireland), Infovet (India), Lely Holdings S.A.R.L (Netherlands), SCR Dairy, Inc. (Israel), Sum-It Computer Systems, Ltd.
(U.K.), and Valley Agriculture Software (U.S.).
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In dairy heard management market, the increasing number of dairy cows, high efficiency ratio along with positive growth rate of milk production, significant contribution of dairy industry, and large pool of dairy exports in Europe are driving market growth in region.
A number of factors such as increasing preference for automated milk harvesting systems, high focus of farmers towards increasing milk yield, and growing demand for dairy products are driving the market growth in this application segment. By region, the dairy herd management market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
As of 2016, Europe is estimated to account for the largest share of the global market, followed by North America.
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