Livestock Identification market - Global Opportunity Analysis and Forecast 2023-2029

Market Overview:

The Global Livestock Identification market was valued at USD 1.92 billion in 2021 and is expected to reach USD 4.11 billion by the year 2028, at a CAGR of 11.48%.

Livestock identification or simply animal identification (ID) refers to the record-keeping of individual farm animals or groups of farm animals so that they can be easily tracked from their birth throughout the complete marketing chain. An ID was used in the past to indicate ownership and prevent theft, but due to the reasons like animal health and/or food safety concerns, the need for identifying and tracking animals has evolved at a very great level. It provides limited information related to movements from the animal's birth to its slaughter and processing location.

The proper identification of animals is becoming increasingly essential. Proper identification helps the producer to keep comprehensive records of milk production, reproduction, and any health problems and the efficient maintenance of this information requires a permanent identification system. Presently, there are several systems of identification that may be used. However, the system selected will depend upon the size of the herd, the environmental conditions, the primary purpose for identifying individual animals, and regulations of the federal government and breed-governing bodies. The increasing demand for animal products and livestock farming along with the increasing innovations in animal identity management and better support services are likely to boost the overall growth of the global livestock identification market.

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Market Dynamics:

Driver:

The increasing demand for livestock identification products can be largely attributed to the rising livestock farming. With the increasing number of dairy cows, pigs, and poultry needed to meet the growing global demand for dairy products and meat, there has been a surge in the need for Livestock Identification and traceability.

Opportunities:

Implementation of diverse policies and the promotion of smart agriculture and digital livestock management practices by governments in different countries is expected to enhance the business profitability and living standards of farmers and ranchers. For example, the United States Department of Agriculture (USDA) runs the Animal Disease Traceability (ADT) program with its current version launched in 2019, which applies to all transported cattle and bison over 18 months old crossing state borders.

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Component Type
• Hardware
• Software
• Services

By Animal Type
• Cattle
• Poultry
• Swine
• Equine
• Others

By Application
• Milk Harvesting
• Breeding Management
• Feeding Management
• Animal Health Monitoring & Comfort
• Heat Stress
• Behavior Monitoring
• Others

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Regional Analysis of Livestock Identification Market
Asia Pacific region is expected to dominate the livestock identification market during the projected period. Rapid population growth in emerging economies of the region is exerting pressure on the providers of livestock products to become more efficient and productive, thereby propelling the sales of livestock farming solutions. The growing entry of IoT-enabled livestock identification systems in animal monitoring applications also fuels the growth of this market. Factors turning the adoption of accurate livestock farming in APAC include the growing demand for livestock-related food products, increasing requirement to enhance yields with limited resources, and the rising need to protect cattle from unexpected climatic changes. Major challenges experienced by the farmers in this region are the requirements for low returns on investment, high capital, and lack of knowledge concerning the applications of livestock identification technologies.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Key Players Covered in Livestock Identification Market
• CAISLEY International (Germany)
• Kupsan Tag Company (Turkey)
• Afimilk (Israel)
• Livestock Improvement Corporation (New Zealand)
• Allflex (Part of Merck) (US)
• Zoetis (US)
• Leader Products (Australia)
• Nedap (Netherlands)
• Cainthus (Ireland)
• Connecterra (Netherlands)
• DeLaval (Sweden)
• Moocall (Ireland)
• Cowlar (US)
• Datamars (Switzerland)
• Others major Players.

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Key Industry Developments in the Livestock Identification Market
In February 2020, Cainthus, a Dublin-based Agri Tech company, introduced ALUS nutrition, a solution that incorporates RFIDs and cameras to monitor animal health and control feed management plans suitably.
In December 2020, DeLaval declared its extension of the farm with a new state-of-the-art barn. The development plan incorporates a new barn for robotic milk, modernized barns for calves and heifers, and an updated visitors' area.

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Table of content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Livestock Identification Market by Component Type
Chapter 6: Livestock Identification Market by Animal Type
Chapter 7: Livestock Identification Market by Application
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Livestock Identification Market Analysis, Insights and Forecast, 2016-2028

To Be Continue…

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