The Asia Pacific Dairy Herd Management Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030).
The management of dairy herds has been fundamentally altered by technological advancements. The integration of cutting-edge technologies, including sensors, automation, and data analytics, has revolutionized the way dairy farms are managed. This digital transformation enables farmers to monitor and manage their herds with unprecedented precision, allowing for real-time data collection on factors such as milk production, feeding, reproduction, and health status.
Datafication in dairy farms gives farmers quantifiable information to monitor and react to farm activities and livestock behavior continuously, increasing farm productivity and profitability. The growing use of herd management has signaled the start of a wider trend in livestock management and dairy operation automation. Dairy businesses are capitalizing on this development by enhancing herd management for different livestock and cattle management applications. Over the next few years, automated milking parlors, micro-sensor technology, smartphone data applications, and robotics will become standard on dairy farms.
According to the US Department of Agriculture, India consumed 427 grams (g) of milk per person per day in 2020–2021, which was higher than the global average of 305 g/day (2020). The demographics of India are a major demand factor for fluid milk consumption. A third of the population in the country is under the age of 14, a group that has a propensity to drink more milk. Moreover, the Government of China stated that major dairy producers in China saw an increase in output of 2.9% in May 2023 over the previous year. Domestic dairy consumption in China has increased over the last two years (2021-2022), with per-person consumption increasing 11.8 percent annually to 42.3 kg in 2021. Thus, the region presents lucrative growth prospects for market growth in the coming years.
The China market dominated the Asia Pacific Dairy Herd Management Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $429.9 Million by 2030. The Japan market is registering a CAGR of 7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.5% during (2023 - 2030).
Based on Type, the market is segmented into Milk Management Systems, Feeding/Nutrition Management Systems, Animal Waste Management Systems, Breeding Management, and Others. Based on End Use, the market is segmented into Large-scale Dairy Farms, Cooperative Dairy Farms, and Small-scale Dairy Farms. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Dairy Herd Management Market is Predict to reach $5 Billion by 2030, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alta Genetics Inc. (Urus Group LP), DeLaval (Tetra Laval Group), GEA Group AG,Lely International N.V., Nedap N.V., Fullwood Ltd. (The Verder Group), SUM-IT Computer Systems Ltd, Connecteraa B.V and Merck & Co., Inc.
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