Market Data Forecast

Rising Demand for Milk Products Promote the Global Dairy Herd Management Market

Dairy Herd Management Market Size is anticipated to grow at 7.8% CAGR from 2016 to 2021

 

Hyderabad, India -- (SBWIRE) -- 03/13/2018 -- In contrast to traditional dairy herd farming practices that need more time, labor, and money, dairy herd management systems provide high outputs with reduced prices and lesser time. Dairy herd management is a sensible farming technique developed to extend overall efficiency and productivity. Dairy herd management permits the managers of dairy farms to maintain the count of the animals, record their conception rates, births, calf age, and observe health-related problems suffered by the cattle.

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Dairy Herd Management Market Size is anticipated to grow at 7.8% CAGR and is predicted that the global market was valued at USD 1.99 billion in 2016 and is anticipated to achieve USD 2.90 billion by 2021.

The global increase in the demand for milk and dairy products has been the major factor driving the growth of the market. The number of dairy farms has been growing at a major rate, thereby fueling the demand for dairy herd management systems. Helpful government policies have additionally been aiding the expansion of the market.

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A host of things are driving the expansion of the global dairy herd management market, a few of which are enhanced consumption of dairy merchandise, technological advancements within the field of dairy herd management, reduced prices offered by the management systems, and rising awareness regarding the accessibility of these systems.

The dairy herd management also includes programs like 'farmers assuring responsible management programs' that guide and supply coaching to the farmers for increasing milk amount by taking correct care of the livestock. To Illustrate, providing correct feed to animals, maintain the sensible atmosphere, etc. The milk production is not simply business, however, it is a way of life for the farmers.

Europe is predicted to account for the most important share of the dairy herd management market. Asia Pacific market is anticipated to register the highest growth rate owing to a rise in the demand for milk and milk products in the region.

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The top market share holders in the present global market include Afimilk Ltd., SCR Dairy Inc., Sum-It Computer Systems, Ltd, BouMatic, Dairy Master, DeLaval, GEA Group AG, Infovet and Lely Holdings S.A.R.L.

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