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%.
Maintaining accurate production statistics for the herd or flock depends on the identification of the livestock. With the use of individual livestock identification, farmers may keep track of an animal's birthdate, medical history, parentage, production logs, and a variety of other crucial management data. Furthermore, accurate records provide the producer with enough data to manage a herd or flock as a whole or as an individual. The producer's need to be able to quickly identify an animal occurs frequently. This work becomes more methodical with a successful identification system in place. Identification is necessary to prove who owns a particular animal and to identify the herd or flock from which it originated. The necessity for stock identification has emerged. Verifying ownership is no longer the primary requirement in many cases.
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Top Key Players:
· 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.
Market Dynamics:
Drivers of the Livestock Identification Market
A number of important causes, chief among them the growing demand for meat and dairy products brought on by the growing worldwide population, are driving the livestock identification industry. Effective livestock management is essential to meeting this need, and identification systems are critical to tracking and controlling animal productivity, breeding, and health. The adoption of livestock identification systems is also driven by government initiatives and regulatory regulations aimed at preventing the spread of diseases and guaranteeing food safety. Since traceability from farm to fork is required by these requirements, precise identification is crucial. The efficiency and precision of livestock identification have been improved by technological developments in RFID (Radio-Frequency Identification) and biometric systems, which has further spurred market expansion. Furthermore, farmers' increasing knowledge of the advantages of identifying systems, like better inventory control and illness control, which supports market growth.
Opportunities in the Livestock Identification Market
The market for livestock identification offers a lot of prospects, especially in developing nations where raising livestock is a major industry. Using scalable and reasonably priced identification systems, expansion into these areas may create new sources of income. Technological innovations have substantial growth possibilities, such as the combination of blockchain and IoT (Internet of Things) for improved data management and traceability. Real-time livestock data can be obtained through these technologies, enhancing operational effectiveness and decision-making. Increased market penetration may result from partnerships with governments and agricultural groups to carry out extensive identification programs. Furthermore, the movement toward ethical and sustainable farming methods provide a chance to develop environmentally and humanely friendly identification methods. Businesses in the livestock identification sector can improve their product offerings and grow their market share by taking advantage of these opportunities.
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Segmentation Analysis of the Livestock Identification Market:
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
By Region
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Company Profiles and Competitive Analysis:
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Industrial Lighting Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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