The Latin America, Middle East and Africa Dairy Herd Management Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030).
Sustainability has become a central theme in the market. In response to environmental concerns and consumer demand for more ethically produced dairy products, the market has witnessed a shift towards sustainable and environmentally friendly practices. Dairy farms are adopting measures to reduce their carbon footprint, such as optimizing feed efficiency and waste management. The use of technology also supports these sustainability initiatives, enabling precise management of resources and waste reduction. Dairy products are in greater demand as the the population rises. As a result, dairy farmers face the challenge of producing more with greater efficiency while maintaining high standards of animal welfare.
Growth in productivity eventually becomes essential to a dairy farm's survival. Farmers must exercise even tighter cost-control measures when milk prices are low in order to optimize returns from fixed production costs like electricity. The use of automated technologies is a developing trend in the dairy sector and is extremely important to the future of this market. Automatic identification, milking, estrus detection, feeding, birth detection, and other farm operations are among the automatic systems that are most frequently used in this sector. The adoption of such systems has significantly increased the profitability of dairy farms and decreased the demand for labor.
Saudi Arabia and Kenya have a growing dairy industry in the Middle East and Africa region. The Saudi Arabian government established the Saudi Arabian Dairy Development Program (SADDP) to enhance local milk production and reduce the country's reliance on dairy imports. SADDP provides incentives and subsidies to dairy farmers and processors, encouraging investment in the dairy sector. The Kenyan government runs several agricultural support programs that benefit the dairy sector. These initiatives include the National Dairy Development Program (NDDP), the Kenya Cattle Producers Association (KCPA), and the Dairy Training Institute (DTI), all of which offer training, technical assistance, and capacity building for dairy farmers and other stakeholders. These factors contribute to the growth and sustainability of the dairy industry in their respective countries and thus accelerate the adoption of these systems in this region.
The Brazil market dominated the LAMEA Dairy Herd Management Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $135 Million by 2030. The Argentina market is showcasing a CAGR of 9.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Dairy Herd Management Market is Projected to reach USD 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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