Cattle Management Software Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.76 Billion |
| Market Size (2029) | USD 2.81 Billion |
| CAGR (2024 - 2029) | 9.81 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cattle Management Software Market Analysis
The Cattle Management Software Market size is estimated at USD 1.76 billion in 2024, and is expected to reach USD 2.81 billion by 2029, growing at a CAGR of 9.81% during the forecast period (2024-2029).
Factors such as the growing need for cattle management software and the increasing demand for improving efficiency and enhancing farm profitability are expected to enhance the market's growth. Furthermore, there is a rising need for cattle management software to stop disease outbreaks and reduce losses, where early detection of health issues is crucial. With cattle management software, farmers can always monitor their animals’ health, identify illnesses early, and take the necessary action to minimize expenses and lost output.
Additionally, cattle management software can monitor pregnancy status, forecast ideal breeding times, and track breeding cycles, which increases the likelihood of successful calving and herd growth. For instance, in September 2023, 406 Bovine, a Texas-based startup company, innovated artificial intelligence and machine learning by identifying and creating a database of individual animals that can be recognized using facial identification. It was believed to be a dependable method of identifying animals and documenting their histories. Thus, such innovations are expected to drive the market's growth.
Moreover, cattle management software facilitates the monitoring of routine farming operations. It assists in monitoring animals' health and expenses and enables remote tracking of livestock, so it helps in tracking their welfare. For instance, in March 2023, Oxitec, a UK-based, US-owned biotechnology company, launched a new technology program to develop a friendly solution for a damaging cattle tick. It helped in the management of dangerous ticks, and this biological approach is anticipated to provide a highly effective alternative to chemical pesticides. Thus, such developments are expected to enhance the market's growth during the forecast period.
Furthermore, farmers have always looked to new technologies to reduce costs. Effective feed management is critical for cost control and animal health. Cattle software can monitor feed intake and adjust rations based on individual animal nutritional needs, resulting in healthier cattle and cost savings.
For instance, according to a report published by the National Confederation of Agriculture and Livestock in December 2022, one of the aggrotech startups, JetBov, provides a technology management solution to more than 2,700 Brazilian farms raising beef cattle. It helps farmers to monitor the health, weight, and reproductive status of their cattle more efficiently. These innovations have led to an expansion of the Brazilian agribusiness. Thus, such innovations leading to the increasing demand for cattle management software are expected to boost the market's growth.
Hence, due to the aforementioned factors, such as the growing demand for cattle management software and the rising innovations in software, the market is expected to continue to grow in the coming years. However, the high software implementation costs are expected to restrain the market's growth.
Cattle Management Software Market Trends
The Dairy Segment is Expected to Witness Significant Growth During the Forecast Period
The breeding, raising, and use of dairy animals, mainly cows, to produce milk and the different dairy products that are processed from it is known as dairying. Dairy cattle breeds have been developed over the years through meticulous animal selection and breeding to produce the desired offspring. The main goal has been to produce more milk, protein, and butterfat. The dairy industry's growing need for herd management and monitoring and the use of digital tools for decision-making, including cattle management software, are boosting the market.
For instance, in August 2023, Dairy One, a non-profit organization that helps farms make informed decisions, collaborated with Cattle Eye, an autonomous Livestock Monitoring company, to bring a new artificial intelligence tool that automates locomotion scoring for dairy cows. Thus, such collaborations are expected to enhance the segment's growth.
The consumption of milk and milk-related products is increasing due to health-conscious consumers and increased awareness of the nutritional benefits of various dairy products. Consumers in developed countries, such as the United States, Germany, and the United Kingdom, are increasingly interested in drinking milk and other organic dairy products or using other natural techniques. For instance, in February 2022, Chobani LLC expanded its refrigerated shelf presence by introducing two brand new dairy products: half & half and ultra-filtered milk, which is lactose-free and packed with protein. These products are also made from milk that is sourced locally and packaged in paper, which is widely recyclable. Thus, the increasing demand for dairy products is also expected to boost the demand for cattle management software.
Additionally, the simple, easy-to-use, efficient, and cost-effective management software would greatly assist the manager of a well-organized dairy farm in making decisions based on real-time data and instantly analyzing various parameters, greatly increasing managerial effectiveness and profitability and allowing farmers to manage larger herds. For instance, AniMeta AgriTech is a platform that offers dairy farmers end-to-end solutions to enhance dairy farm productivity, and it offers animal healthcare services to dairy farmers. It also connects farmers with veterinary healthcare professionals through an innovative disease-diagnosis platform and solves cattle health issues by recommending ethnoveterinary products. This technology interface enables seamless interaction and knowledge exchange while addressing the needs of dairy farmers. This plays an important role in educating dairy farmers about scientific management methods and best practices in farms to reduce disease incidence.
Furthermore, the greatest challenge for dairy farmers is achieving maximum productivity while using scarce natural resources, which can be addressed by implementing dairy farming innovations on every farmer's farm, including cattle management software. For instance, in September 2023, DeLaval, a producer of dairy and farming machinery, and John Deere joined forces to create the Milk Sustainability Centre (MSC), a digital ecosystem to help dairy farmers improve the efficiency and sustainability of their operations. These technologies will provide farmers with the data they require for a comprehensive view of their dairy operations.
Thus, the market is anticipated to be driven during the forecast period by factors such as technological advancement and a shift toward digital tools.
North America is Expected to Hold a Significant Share in the Market
North America is expected to hold a significant share of the market due to its high penetration of digital tools in cattle farming and the presence of major companies in the area. The increased innovation to identify individual cattle throughout their lives and taking accurate action for each cattle support the market's growth. Cattle production is one of the most important agricultural industries in the United States, consistently accounting for one of the largest shares of agricultural commodities. For instance, according to the journal published by the Department of the United States Agriculture in August 2023, Canada is the world's biggest supplier of beef, followed by the United States in second place and Mexico in third.
Additionally, the increasing adoption of technology in the cattle industry is also propelling the market's growth. Software solutions to manage cattle operations are growing in popularity because they reduce costs and improve efficiency. For instance, in January 2023, Merck Animal Health, a division of Merck & Co. Inc., developed SENSEHUB, Feedlot, the company's technology that provides real-time data to detect potentially sick cattle earlier more efficiently and accurately than traditional visual observation. This helped manage additional data to help the cattle detect potential illnesses.
Moreover, in January 2022, Zoetis Inc. introduced an expanded precision new cow-calf management software called BLOCKYARD, an innovative blockchain technology. It helped cow-calf producers easily capture health and performance data, manage costs, and track herd inventory in real time. This software affects the production performance of the farms and increases their profitability. Thus, such developments are expected to significantly boost the market's growth.
Therefore, the studied market is anticipated to grow over the analysis period due to the abovementioned factors, such as the growing cattle production in the region and the growing innovations in cattle management software.
Cattle Management Software Industry Overview
The cattle management market is fragmented in nature due to the presence of several companies operating globally and regionally. The competitive landscape includes an analysis of a few international and local companies investing in new products and improving existing ones, including Chetu, Livestock Improvement Corporation, Merck & Co. Inc., GEA Group AG, and Inpixon.
Cattle Management Software Market Leaders
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Chetu
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Merck & Co. Inc.
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GEA Group AG
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Inpixon
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Livestock Improvement Corporation
*Disclaimer: Major Players sorted in no particular order
Cattle Management Software Market News
- May 2024: AgriWebb, an AgTech software platform for the livestock industry, secured AUD 11 million (USD 7.3 million) in funding from existing investors Germin8 Ventures, Grosvenor Food & AgTech, and Telus Ventures, and new investor, Sweden-based industrial company Munters Group.
- July 2023: AgriEID, a livestock management software provided in Australia, released its new next-generation cattle scales and integrated software platform. This platform improved how farmers manage their herds, making professional data collection and analytics more accessible and affordable.
Cattle Management Software Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Need for Cattle Management Software
4.2.2 Increasing Demand for Improved Efficiency and Enhance Farm Profitability
4.3 Market Restraints
4.3.1 High Software Implementation Costs
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Sector Type
5.1.1 Dairy
5.1.2 Meat
5.2 By Software Type
5.2.1 On-premise-based
5.2.2 Cloud-based
5.3 By End User
5.3.1 Farm Owners
5.3.2 Dairy Managers
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Chetu
6.1.2 Merck & Co. Inc.
6.1.3 CattlePro
6.1.4 GEA Group AG
6.1.5 Livestock Improvement Corporation
6.1.6 Datamars SA
6.1.7 smaXtec animal care GmbH
6.1.8 Inpixon
6.1.9 Nedap Livestock Management
6.1.10 Performance Livestock Analytics
6.1.11 Afimilk Ltd
6.1.12 CowManager BV
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Cattle Management Software Industry Segmentation
As per the scope of the report, cattle management software is designed to help farmers record and manage livestock-related data, such as inventory, health, feed, performance metrics, and profits.
The cattle management software market is segmented by sector type, software type, end user, and geography. By sector type, the market is segmented into dairy and meat. By software type, the market is segmented into on-premise-based and cloud-based. By end user, the market is segmented into farm owners, dairy managers, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (USD) for the above segments.
| By Sector Type | |
| Dairy | |
| Meat |
| By Software Type | |
| On-premise-based | |
| Cloud-based |
| By End User | |
| Farm Owners | |
| Dairy Managers | |
| Other End Users |
| Geography | ||||||||
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Cattle Management Software Market Research FAQs
How big is the Cattle Management Software Market?
The Cattle Management Software Market size is expected to reach USD 1.76 billion in 2024 and grow at a CAGR of 9.81% to reach USD 2.81 billion by 2029.
What is the current Cattle Management Software Market size?
In 2024, the Cattle Management Software Market size is expected to reach USD 1.76 billion.
Who are the key players in Cattle Management Software Market?
Chetu, Merck & Co. Inc., GEA Group AG, Inpixon and Livestock Improvement Corporation are the major companies operating in the Cattle Management Software Market.
Which is the fastest growing region in Cattle Management Software Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cattle Management Software Market?
In 2024, the North America accounts for the largest market share in Cattle Management Software Market.
What years does this Cattle Management Software Market cover, and what was the market size in 2023?
In 2023, the Cattle Management Software Market size was estimated at USD 1.59 billion. The report covers the Cattle Management Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cattle Management Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cattle Management Software Industry Report
Statistics for the 2024 Cattle Management Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cattle Management Software analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
