Market Overview:
The global milk meter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for dairy products, rising awareness about milk quality, and technological advancements in milk meters. The digital milk meter segment is projected to grow at a higher CAGR than the analog milk meter segment during the forecast period. This growth can be attributed to the advantages offered by digital meters such as accuracy, precision, and real-time data recording and analysis. On the basis of application, cows are estimated to account for a larger share of the global milk meter market in 2018 followed by goats and other applications. The large share of cows is mainly due to their high production capacity as compared with other animals used for milking purposes.
Product Definition:
A milk meter is a device used to measure the volume of milk in a container. It is important to use a milk meter to ensure that the correct amount of milk is being fed to calves, as too much or too little can lead to health problems.
Digital Milk Meter:
The digital milk meter is a device used to measure the amount of milk in a glass or plastic bottle. It consists of two parts, an LCD display and an RFID (Radio-frequency identification) chip. The device works on the principle that whenever the bottle is full, it sends a signal to the display which displays “Full” on its screen.
Analog Milk Meter:
Analog milk meter is a device used for measuring the level of liquid in containers. It consists of two parts, namely, an indicator and a transmitter. The indicator part has markings to show the level of liquid in the container while transmitter part sends out radio signals which are received by an antenna attached to it and displays the level on its display unit.
Application Insights:
The cows milk segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the increasing demand for dairy products across the globe. Over the past few years, there has been a rise in consumer preference towards drinking milk from natural sources without any added flavors or preservatives. This trend is expected to continue over the forecast period, thereby driving product demand globally.
The goat's milk segment is expected to witness significant growth during the forecast period owing to rising awareness regarding health benefits associated with it such as calcium and protein content among others which are beneficial for bone health and muscles respectively.
Regional Analysis:
Europe accounted for the largest share of over 30% in 2017. The region is expected to witness a significant growth rate of 3.6% from 2018 to 2030 owing to the presence of stringent regulations regarding animal well-being and health. In Europe, milk meters are used for recording data about feed, hygiene, health and production performance as well as for recording data about age class and race (breed) of dairy animals.
Asia Pacific is anticipated to be one of the fastest growing regions with a CAGR exceeding 4% during the forecast period due to increasing awareness among farmers regarding proper use & maintenance of milking equipment along with rising adoption by small scale dairies that produce raw milk products such as buttermilk or cheese in countries such as India or China.
Growth Factors:
- Increasing demand for milk meter from the food and beverage industry as a quality control measure.
- Rising awareness about the benefits of milk meter usage among dairy farmers, leading to increased adoption rates.
- Growing popularity of automated milk meters among dairy processors due to their efficiency and accuracy in measuring milk output.
- Technological advancements in milk meter design and functionality that improve accuracy and ease of use, driving wider adoption across various segments of the market. 5) The increasing focus on food safety by regulatory authorities is expected to result in higher demand for Milk Meter products over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Milk Meter Market Research Report
By Type
Digital Milk Meter, Analog Milk Meter
By Application
Cows, Goats, Other
By Companies
Afimilk, ATL-Agricultural Technology, BORALSAN, Bratslav, CAPAR Milking Systems, Dairymaster, Interpuls, J. Delgado, PANAzoo Italiana, SAC Christensen, Afimilk, System Happel, True-Test, Tulsan, Udder Comfort, Waikato Milking Systems, Wedholms, Zibo Lujin Machinery Factory
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Milk Meter Market Report Segments:
The global Milk Meter market is segmented on the basis of:
Types
Digital Milk Meter, Analog Milk Meter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cows, Goats, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Afimilk
- ATL-Agricultural Technology
- BORALSAN
- Bratslav
- CAPAR Milking Systems
- Dairymaster
- Interpuls
- J. Delgado
- PANAzoo Italiana
- SAC Christensen
- Afimilk
- System Happel
- True-Test
- Tulsan
- Udder Comfort
- Waikato Milking Systems
- Wedholms
- Zibo Lujin Machinery Factory
Highlights of The Milk Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Digital Milk Meter
- Analog Milk Meter
- By Application:
- Cows
- Goats
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Milk Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Milk Meter is a free app that helps you track the amount of milk in your fridge. It has a bar graph and pie chart to show how much milk is left, as well as an alarm to remind you when it's time to buy more.
Some of the key players operating in the milk meter market are Afimilk, ATL-Agricultural Technology, BORALSAN, Bratslav, CAPAR Milking Systems, Dairymaster, Interpuls, J. Delgado, PANAzoo Italiana, SAC Christensen, Afimilk, System Happel, True-Test, Tulsan, Udder Comfort, Waikato Milking Systems, Wedholms, Zibo Lujin Machinery Factory.
The milk meter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Milk Meter Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Milk Meter Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Milk Meter Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Milk Meter Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Milk Meter Market Size & Forecast, 2020-2028 4.5.1 Milk Meter Market Size and Y-o-Y Growth 4.5.2 Milk Meter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Digital Milk Meter
5.2.2 Analog Milk Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cows
6.2.2 Goats
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Milk Meter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Milk Meter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Digital Milk Meter
9.6.2 Analog Milk Meter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cows
9.10.2 Goats
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Digital Milk Meter
10.6.2 Analog Milk Meter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cows
10.10.2 Goats
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Digital Milk Meter
11.6.2 Analog Milk Meter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cows
11.10.2 Goats
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Digital Milk Meter
12.6.2 Analog Milk Meter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cows
12.10.2 Goats
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Digital Milk Meter
13.6.2 Analog Milk Meter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cows
13.10.2 Goats
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Milk Meter Market: Competitive Dashboard
14.2 Global Milk Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Afimilk
14.3.2 ATL-Agricultural Technology
14.3.3 BORALSAN
14.3.4 Bratslav
14.3.5 CAPAR Milking Systems
14.3.6 Dairymaster
14.3.7 Interpuls
14.3.8 J. Delgado
14.3.9 PANAzoo Italiana
14.3.10 SAC Christensen
14.3.11 Afimilk
14.3.12 System Happel
14.3.13 True-Test
14.3.14 Tulsan
14.3.15 Udder Comfort
14.3.16 Waikato Milking Systems
14.3.17 Wedholms
14.3.18 Zibo Lujin Machinery Factory