Dairy Herd Management Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Hardware, Software, and Services), By Application (Animal Comfort, Calf Management, Feeding Management, Heat Stress Management, Milk Harvesting, Reproduction Management, and Others), By End User (Cooperative Dairy Farms, Large-Scale Dairy Farms and Small-Scale Dairy Farms), and Region Forecast 2019-2030

Dairy Herd Management Market size was valued at US$ 3,073.6 million in 2023 and is expanded to grow at a significant CAGR of 7.0% from 2024-2030. Consumer awareness will drive the market. Furthermore, the market will receive support from the rising disposable incomes and, as a result, willing to spend on organic food. Sales in developed markets are likely to remain high, supported by increased consumer awareness. 

The advantages are increasing dairy farmers' interest in technologically advanced herd management products and, as a result, their adoption in the dairy industry. In the Market, by type, the hardware dairy herd management segment has registered the highest market share of 53.7%, which accounted for US$ 1,650.3 Mn in 2021 and is anticipated to grow in the forecast years due to rising awareness among the dairy farmers in the developing countries such as India, China, etc. regarding the benefits of dairy herd management machinery and software solutions which increases the milk production, monitors the cow/buffalo about their feed and other advantages of herd management.  

Furthermore, their purchasing power is relatively high, which will help market growth. Individualized cow milking frequencies in the herd are now feasible due to the advancement of automated and robotic milking systems. These technological advancements allow for the most efficient use of an individual cow's production potential by focusing on their health, monitoring milk quality, effectively managing farms, increasing productivity, and supervising breeding.

Dairy Herd Management Market Key Developments

• In March 2021, GEA Group launched their platform- GEA Dairy Net. The following would help in analysing and collecting data at the milking parlors and help them achieve more efficiency. GEA has engineered this new herd and farm management system based on over 35 years of experience in the field and marks the latest evolution in the proven GEA DairyPlan system.
• In 2021, Merck & Co. Inc signed an agreement with LIC Automation Ltd. (New Zealand) which aims to strengthen the product portfolio of the company and increase its customer base. LICA manufactures and supplies specialized and integrated herd management systems and milk-testing sensors for the dairy industry.