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%.

The livestock identification market is a segment within the broader agricultural technology sector that focuses on providing solutions for identifying and tracking individual animals within livestock populations. These technologies are crucial for various purposes, including disease control, traceability, inventory management, and breeding programs.

Livestock identification is the basis for keeping proper production records of the herd/flock. Individual livestock identification enables producers to maintain records on an animal's birth date, health history, parentage, production records, and a host of other important management information. Additionally, authentic records offer the producer sufficient information to make individual or whole herd/flock management decisions. In many instances, the producer requirement to be able to rapidly identify an animal.

Top Key Players Covered in The 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.

Market Dynamics and Factors:        

The market is developing as a result of the rising incidence of zoonotic diseases. This is because the development of these diseases among animals poses serious socioeconomic risks, impairing local markets, worldwide trade, and causing output losses. In addition, it is recognised that several animal diseases brought on by viruses and bacteria can also infect people. In the upcoming years, such elements are likely to increase the market's demand for livestock identification.

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The increasing demand for livestock identification products can be attributed to the increase in dairy cow numbers needed to meet the rising demand for dairy products like curd, margarine, cheddar, and yoghurt around the world. Additionally, a flood of meat consumption across the globe has led to an increase in the number of pig and poultry ranches. It gets harder to physically separate and screen the group as dairy ranches grow in size. The livestock identification industry has more leeway to advance thanks to the growing number of cattle ranches. By integrating cutting-edge structures into sizable ranches to achieve economies of scale, livestock homesteads can be made more efficient.

Livestock Identification 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 Outlook:

·         North America (US, Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, UK, 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, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

Scope of the Report:

The latest research on the Livestock Identification market provides a comprehensive overview of the market for the years 2024 to 2032. It gives a comprehensive picture of the global Livestock Identification industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Livestock Identification market. 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. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Key Industry Development:

In March 2023, Zoetis was pleased to have received a $15.3 million grant from the Bill & Melinda Gates Foundation to further develop and integrate innovative solutions aimed at advancing veterinary care and diagnostic services, ultimately improving livestock health and productivity in Sub-Saharan Africa.

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