The North America Dairy Herd Management Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030).
The market plays an essential role in ensuring dairy herds' efficiency, productivity, and welfare. With a deep-rooted history and a pivotal position in the dairy supply chain, the market is characterized by its continuous evolution and adaptation to meet the demands of a dynamic and growing industry. This market serves as a vital link between the agricultural and dairy processing sectors, connecting the efforts of dairy farmers with the dairy products that eventually reach consumers’ tables.
Over the forecast period, the market is expected to grow due to rising demand for milk and milk-derived products like cream, butter, and cheese. Additionally, it is anticipated that the long-term operational cost advantages of herd management solutions will boost market expansion. By tracking feeding practices, diseases encountered, environmental management, and livestock behavior, these systems help maintain the health of the livestock.
Mexico has a diverse range of dairy farms, from small-scale family operations to large commercial enterprises. Most dairy farms are small to medium-sized, but there are also some larger, more technologically advanced operations. These farms are spread throughout the country, with higher concentrations in states like Jalisco, Coahuila, and Durango. The nation is also one of the leading milk producers in the world. The country's milk production has steadily increased owing to improved breeding, nutrition, and management practices. The demand for dairy products has been fueled by a growing population, urbanization, and shifting dietary preferences. Therefore, North America's market is continuously expanding as farmers recognize the benefits of technology-driven solutions.
The US market dominated the North America Dairy Herd Management Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,069.2 Million by 2030. The Canada market is experiencing a CAGR of 9.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.2% during (2023 - 2030).
Based on Type, the market is segmented into Milk Management Systems, Feeding/Nutrition Management Systems, Animal Waste Management Systems, Breeding Management, and Others. Based on End Use, the market is segmented into Large-scale Dairy Farms, Cooperative Dairy Farms, and Small-scale Dairy Farms. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Dairy Herd Management Market is Predict to reach $5 Billion by 2030, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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), SUM-IT Computer Systems Ltd, Connecteraa B.V and Merck & Co., Inc.
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