Report ID: UCMIG30I2170
Report ID:
UCMIG30I2170 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global dairy herd management market was worth USD 2.4 billion in 2018, and it is expected to grow at a 6.6% CAGR from 2019 to 2025. Over the projected period, the market is expected to benefit from rising demand for milk as well as milk-based goods such as lotion, butter, and cheese. Aside from that, the long-term operational cost savings connected with herd management systems are likely to boost market growth. These systems help to manage cattle health by tracking feeding patterns, environmental control, diseases faced, and livestock behaviour.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30I2170