According to a new report, published by KBV research, The Global Dairy Herd Management Market size is expected to reach $5 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period.
The Milk Management Systems segment led the Global Dairy Herd Management Market, by Type in 2022; thereby, achieving a market value of $2.9 billion by 2030. By monitoring and controlling the milking process, these systems can help improve the overall quality and hygiene of the milk, reducing the risk of contamination and spoilage. Milk management systems often include traceability features, allowing for tracking milk batches from the farm to the processing plant. This is essential for quality control, regulatory compliance, and product recall management.
The Large-scale Dairy Farms segment is growing at a CAGR of 6.8 % during the forecast period. Dairy herd management systems streamline operations, reducing manual labor and associated costs. Large farms with numerous animals can greatly benefit from automation. Large-scale dairy farms can identify and address issues such as low milk yield, mastitis, or reproductive problems by monitoring individual cow performance, thus maximizing milk production. These systems help identify optimal breeding times and improve the overall reproduction rate, leading to a more productive herd.
The Europe region dominated the Global Dairy Herd Management Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.6 billion by 2030. The North America region is poised to grow at a CAGR of 6.7% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 7.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/dairy-herd-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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), Dun & Bradstreet, Holdings, Inc., SUM-IT Computer Systems Ltd, Connecteraa B.V and Merck & Co., Inc.
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