Dairy Herd Management Market, By Product (Automated Dairy Management System (Milk, Reproductive Health, Feeding/Nutrition, Cattle, Herd Disease) and Standalone Software (On-Premise Software and Web-based/Cloud-based Software)), By Application (Milk harvesting, Feeding, Breeding, Cow Comfort, and Others), By End-User (Small-scale, Large Scale, Cooperative), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI385520 | Publish Date: May 2024 | No. of Pages: 180

Global Dairy Herd Management Market Trends

Due to rising consumer demand for dairy products, the worldwide dairy herd management industry is predicted to increase rapidly in the upcoming years. Throughout the forecast period, rising labor costs combined with the financial advantages of automated dairy cattle management approaches are anticipated to support target market expansion. The global market is anticipated to develop due to a shift in focus from manual and traditional herd management systems to dairy herd management systems, which are more cost-effective. Rising annual milk production worldwide is anticipated to increase market demand throughout the projection period. Over the past few years, one of the main drivers of the market has been the technological progress in the software utilized in the dairy herd management system. Throughout the projection period, a rise in the population is also expected to raise demand for milk products, which will propel the herd management market upward. Throughout the forecast period, low adoption rates of dairy herd management in emerging nations are anticipated to impede the growth of the global market. Furthermore, trade restrictions combined with strict government regulations are anticipated to hinder global industry expansion.