Livestock Identification Market Growth Accelerates: Strategic Forecast Predicts $3.55 Billion by 2029

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What Will the Livestock Identification Industry Market Size Be by 2025?
In recent times, the market size of livestock identification has seen significant expansion. The market is predicted to climb from $2.24 billion in 2024 to $2.49 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%. Factors contributing to this growth in the historic period include disease control and traceability, assurance of food safety and quality, market demands for quality assurance, supply chain efficiency, and the globalization of trade.

What's the Long-Term Growth Forecast for the Livestock Identification Market Size Through 2029?
Over the coming years, the livestock identification market is predicted to experience robust expansion. By 2029, its size is projected to reach $3.55 billion, with a compound annual growth rate (CAGR) of 9.4%. The anticipated growth within this period can be connected to factors such as climate change resilience, transparency in the supply chain, preparedness for pandemics, sustainability efforts, and issues around animal welfare. The period forecasts significant trends such as the incorporation of blockchain, AI and data analytics, remote sensing technologies, mobile applications, cloud-based solutions and environmental as well as climate observation.

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What Are the Key Growth Drivers Fueling the Livestock Identification Market Expansion?
The growth of the livestock identification market is likely to be stimulated by the growing urge for animal welfare. Animal welfare refers to the moral duty humans possess to ensure the physical and mental health of animals in their control or impact. The escalating concern and awareness about animal welfare among the public, fuelled by widespread media coverage, education, and advocacy, spark the demand for animal welfare. Livestock identification is used to enhance animal welfare by allowing more effective and precise management practices, aiding in controlling the diseases, and ensuring the animals are given the necessary care and treatments for their health and well-being. For example, reports in 2022 by the American Pet Products Association, Inc, a non-profit organization based in the US, claimed that $123.6 billion was spent on pet animal welfare in the US in 2021, and this figure rose to $136.8 billion in 2022. Therefore, the upsurge in the demand for animal welfare is likely to increase the growth of the livestock identification market.

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What Are the Key Trends Driving Livestock Identification Market Growth?
Leading organizations involved in the livestock identification sector are focusing on novel technological advancements such as SenseHub Feedlotb, a software program devised for livestock monitoring. The system vigilantly keeps track of the overall wellness and health of cattle in feedlots via electronic ear tags that gather biometric and behavioral data like body temperature and activity, ensuring constant surveillance of the livestock. In February 2022, an example was set by Merck & Co., Inc., an American pharmaceutical firm, which launched SenseHub Feedlot, a novel system designed to maintain a close watch on the health of cattle in feedlots. This technical aid facilitates early detection of potentially ill animals which can result in early evaluation and treatment. This practice can significantly reduce treatment expenses, cattle deaths and lead to better treatment results. The system is equipped with technology to check the movement and temperature of the cattle while providing real-time data aiding in identifying potentially ill cattle more preciously compared to visual observation. Moreover, the system is integrated with an illuminating electronic ear tag which adds convenience in identifying and segregating cattle which require extra attention and care, thus minimizing manual labor.

How Is the Livestock Identification Market Segmented?
The livestock identification market covered in this report is segmented -

1) By Type: Hardware, Software
2) By Products: Ear Tags, Microchips, Radio Frequency Identification Tags, Bolus Tags, Neck Tags, Other Identification Systems
3) By Technology: Radio Frequency Identification (RFID), Barcode, Global Positioning System (GPS), Other Technologies
4) By Application: Cattle, Poultry, Swine And Pig, Other Applications

Subsegments:
1) By Hardware: RFID Tags, Electronic Ear Tags, GPS Tracking Devices, Scanners And Readers
2) By Software: Livestock Management Software, Data Analytics Platforms, Mobile Applications, Cloud-based Solutions

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Which Companies Are Leading the Charge in Livestock Identification Market Innovation?
Major companies operating in the livestock identification market are DeLaval Inc., Livestock Improvement Corporation Limited, Nedap N.V., BouMatic LLC, SCR Dairy Inc., Ceres Tag Ltd, AEG Identification Systems, Y-Tex Corporation, Afimilk Ltd, MS Schippers B.V., Avid Identification Systems Inc., Shearwell Data Ltd, IdentiGEN Limited, Quantified AG, Animana B.V., Cainthus Ltd, Connecterra B.V., Cowlar Ltd, Datamars SA, Küpsan Hayvanclk, Moocall Ltd, CowManager B.V., Allflex Livestock Intelligence Ltd

Which Regions Are Leading the Global Livestock Identification Market in Revenue?
North America was the largest region in the Livestock identification market in 2024. The regions covered in the livestock identification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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