North America Dairy Herd Management Market

North America Dairy Herd Management Market Size (2024 to 2032)

The North American dairy herd management market was valued at USD 28.7 billion in 2023 and is anticipated to reach USD 30.77 billion in 2024 from USD 53.70 billion by 2032, growing at a CAGR of 7.21% CAGR from 2024 to 2032.

Dairy herd management is a process that regulates the productivity and health of dairy animals. Growth in herd size and demand for milk and other dairy products in different regions are the major factors that drive the market growth. Moreover, dairy herd management is a cost saving process as it implements techniques of smart farming. Furthermore, an increase in government initiatives toward dairy herd management in developing countries is among the key driving factors for the global dairy herd management market. Be that as it may, factors such as campaigns against unethical practices with animals and lack of professionals trained in dairy management hinder the market growth.

The dairy herd management market is expected to witness strong growth in the coming years due to an increase in the demand for dairy products by consumers. Increased labor cost coupled with cost benefits associated with automated dairy cattle management techniques is expected to augment the market growth over the forecast period. A shift from traditional and manual herd management systems to dairy herd management systems due to their cost benefit is further expected to drive the market.

Increasing annual milk production across the globe is further expected to boost the market demand over the forecast period. Technological advancement in software used in dairy herd management systems is one of the key factors driving the market over the past few years. An increase in the population is further anticipated to boost milk product demand, which in turn will lead to the expansion of the herd management market over the forecast period. Nevertheless, low dairy herd management adoption rates in developing countries are expected to hinder the market growth over the next seven years. In addition, trade barriers coupled with stringent government regulations are expected to hamper the market growth.

This research report on the North American dairy herd management market is segmented and sub-segmented into the following categories.

North America Dairy Herd Management Market Analysis By Product

• Hardware
  • Milk
  • Fertility
  • Feeding
  • Cattle Management Systems
• Software
  • On-Premise
  • Web-Based

North America Dairy Herd Management Market Analysis By Application

• Milk Harvesting
• Reproduction
• Heat Stress
• Calf Management

COUNTRY ANALYSIS

• U.S
• Canada
• Mexico
• Rest of North America

An increase in the number of dairy cows, a high-efficiency ratio, and a positive growth rate of milk production, a significant contribution of the dairy industry, is a key driving factor of the market in the region.

KEY MARKET PLAYERS

The major North America Dairy Herd Management Market leaders are Afimilk Ltd., BouMatic, Dairy Master, DeLaval, GEA Group AG, Infovet, Lely Holdings S.A.R.L, SCR Dairy Inc., Sum-It Computer Systems, Ltd, and Valley Agriculture Software.