Livestock Identification Market Trends That Will Shape the Next Decade: Insights from Technological Advancements Driving Innovation In Livestock Monitoring

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How Large Will the Livestock Identification Market Size By 2025?
The market size for livestock identification has experienced swift expansion in recent years. The projection is from $2.24 billion in 2024 to $2.47 billion in 2025, with a compound annual growth rate (CAGR) of 10.3%. Factors contributing to this growth during the historical period include disease control and traceability, food safety and quality assurance, market demands for quality assurance, efficiency in supply chain and the globalization of trade.

How Big Is the Livestock Identification Market Size Expected to Grow by 2029?
The market size for livestock identification is predicted to experience substantial expansion in the upcoming years, reaching a value of $3.5 billion in 2029 with a compound annual growth rate (CAGR) of 9.2%. Anticipated growth during the forecast period is driven by factors such as resilience to climate change, increased transparency in the supply chain, preparedness for pandemics, efforts towards sustainability, and raising concerns over animal welfare. Technological advancements such as the adoption of blockchain, data analytics and AI, the use of remote sensing technologies, mobile applications, and cloud solutions, along with environmental and climate monitoring, are some of the primary trends forecasted during this period.

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Which Key Market Drivers Powering Livestock Identification Market Expansion and Growth?
An upsurge in the need for animal welfare is anticipated to boost the expansion of the livestock identification market. Animal welfare denotes the ethical obligation that humans bear to guarantee the health and emotional wellbeing of animals that are under their supervision or influence. The need for animal welfare is prompted by escalating public cognizance and apprehension regarding animal wellbeing, fueled by amplified media exposure, education, and advocacy initiatives. Livestock identification is utilized to endorse animal welfare through fostering more proficient and specific management approaches, aiding in the management of diseases, and ensuring animals receive suitable care and interventions to sustain their health and comfort. For example, records published by the American Pet Products Association, Inc., an organization based in the US, shows that in 2021, $123.6 billion was expended on pet animal welfare in the US, subsequently rising to $136.8 billion in 2022. As a result, the accelerating need for animal welfare is set to stimulate the growth of the livestock identification market.

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What Long-Term Trends Will Define the Future of the Livestock Identification Market?
Key players in the livestock identification marketplace are focusing on novel and innovative advancements such as the SenseHub Feedlotb software system, which is specifically designed for livestock tracking. This system maintains a watchful eye on the health and overall condition of cattle in feedlots, utilizing electronic ear tags to gather vital behavioral and biometric data such as activity and body temperature for round-the-clock surveillance. In a recent example, a leading pharmaceutical company from the United States, Merck & Co., Inc., in February 2022, launched SenseHub Feedlot, a newly designed system to diligently monitor the health status and overall well-being of feedlot cattle. This piece of technology is an aid in early detection of ill animals, facilitating swift evaluation and immediate treatment - potentially translating into lower healthcare expenses, decreased mortality rates, and better treatment results. The system employs various sensors to observe cattle temperature and movement, using real-time data to identify unhealthy cattle faster and more accurately than conventional visual evaluation methods. Another of its notable features is a light-emitting electronic ear tag making it simpler to pinpoint and sort cattle that require attention, thus minimizing labor efforts.

What Are the Emerging Segments in the Livestock Identification Market?
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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Who Are the Global Leaders in the Livestock Identification Market?
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 are the Top Profitable Regional Markets for the Livestock Identification Industry?
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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