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11 October 2021

Dairy herd market to near 8% growth in 5 years

by Katie Pfaff

The global market for dairy herd management is forecast to reach $5.4 billion by the end of the period (2021 to 2026), according to a report by market analysts, MarketsandMarkets. The uptick follows a 2021 market valuation of $3.7 billion and an overall CAGR growth rate of 7.9% during the period. The market report includes product sectors including feeding, milking, and nutrition, small to large operations, and applications within the market of breeding, feeding, and management of offspring.

As the world market demands greater amounts of dairy foods and technology within the industry increases, the sector is expected to continue to grow. At the same time, investment in the industry is also driving growth.

Within the market segments, the greatest growth by CAGR is anticipated in automated dairy management. The segment was the leader segment by growth in 2020. Software and automation, including AI, continue to expand within the market due to the potential to reduce overall costs, labor needs, and to increase efficiency.

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Dairy herd market to near 8% growth in 5 years

by Katie Pfaff

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