The [FURL=https://www.industryarc.com/Report/16767/dairy-herd-management-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Dairy Herd Management Market[/FURL] size is estimated to reach $4.6 billion by 2026. Furthermore, it is poised to grow at a CAGR of 6.84% over the forecast period of 2021-2026. Dairy herd management provides insights and efficient management techniques, which the producers and managers can adopt. Moreover, the following management offers safer, healthier, and higher quality dairy products. Dairy herd management is highly correlated with the concept of smart farming, for which the modern-day lingo is- Third Green Revolution.Key Takeaways
Geographically, Europe’s Dairy Herd Management Market dominated the market and held the largest revenue share in the year 2020. It is owing to the predominant position of the following region in producing raw milk. Moreover, the management systems for the dairy herd are predominantly used in controlling and producing the maximum output with sustainable practices.
The advent of the latest technology in dairy herd management is one of the drivers for the following market. However, ongoing campaigns and the availability of alternative dairy products are a growth dampener and are a grave market challenge.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Dairy Herd Management Market report.
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Dairy Herd Management Market Segmentation Analysis- By Geography
The dairy herd management market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Europe held a dominant market share of 35% as compared to the others. It is owing to the region’s predominant position in producing dairy and other ancillary products related. As per the 2020 data factsheet, the European region contributed to around 65% of the total exports. With the rising farm sizes across the region, the need for dairy herd management systems was primarily utilized to maintain quality, quantity, and other distinguishing factors.
Dairy Herd Management Market Drivers
The recent adaptation of sustainable practices will augment the growth of the dairy herd management market
The usage of AI models and analytics has subjugated the demand for the following market
Dairy Herd Management Market Competitive Landscape
The top 10 dairy herd management market companies include DeLaval Inc., Merck & Co., Inc., GEA Group Aktiengesellschaft, BouMatic, Afimilk Ltd., Fullwood Packo, Dairymaster, Lely, VAS, Pearson International LLC
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