Livestock Identification Market Size, Share & Segmentation By Offering (Hardware, Software, Service) By Device Lifecycle (Short Term, Long Term) By Species (Poultry, Swine, Cattle, Others), By Regions And Global Forecast 2023-2030
Report Id: SNS/SEMI/1863 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Livestock Identification Market Size was valued at USD 1.70 billion in 2022, and is expected to reach USD 3.84 billion by 2030, and grow at a CAGR of 10.7% over the forecast period 2023-2030.
An important part of livestock production is livestock identification. Cattle were once identified manually and managed, and kept on farms by installing visible fences. On the other hand, advanced technologies have made it possible to track, identify, and monitor agricultural animals in real time. Biometric sensors, for instance, advanced real-time technologies that identify and track each animal's life and activity in real time, allowing farmers to integrate this data into human-related analyzes. Large data calculation solutions rely on mathematical algorithms to navigate complex data sets and provide farmers with appropriate trend patterns and decision-making tools to collect and integrate real-time data from biometric sensors.
MARKET DYNAMICS:
KEY DRIVERS:
-
Accurate and efficient animal disease traceability provides significant potential to reduce economic losses and cattle death rates.
-
Livestock farmers are putting a greater emphasis on real-time animal identification and tracking.
-
For efficient operation of cattle farms, automation technology and IoT-enabled equipment are being rapidly used.
RESTRAINTS:
-
Expensive electronic identification gadgets.
-
The gradual transition to a vegan diet has an impact on market growth in European countries.
OPPORTUNITIES:
-
In developing countries, livestock identification solutions are becoming more popular.
-
A growing number of government initiatives are encouraging the use of livestock identification technology.
CHALLENGES:
-
Livestock plays a significant role in the production of greenhouse gases.
-
Ranchers and farm owners have a low level of awareness about the benefits of livestock identification solutions.
IMPACT OF COVID-19:
During the epidemic, end users of various livestock identification solutions around the world were severely affected. The epidemic led to the closure of the factory. On the other hand, various industries that have been operating at lower levels than usual and continue to face new limitations due to concerns about the continuing increase in cases and the arrival of the third and fourth waves of the epidemic in some countries around the world. As productive crops remained closed and buyers stayed at home due to land closures, the impact of the epidemic had profoundly affected the labor force, leading to a low availability of farm workers. The supply chains of major livestock identification manufacturers, especially those based in the US, UK, China, Brazil, India and France, have been hit hard by the epidemic. Prior to the outbreak of the COVID-19 epidemic, manufacturers of livestock identification solutions were hopeful that by 2020 it would see a normal state of development, which is fueled by increased public awareness of the benefits of livestock identification solutions and the number of livestock worldwide. However, the need for livestock identification solutions has decreased significantly after the outbreak. However, the global demand for livestock identification solutions increased after Q1 2021.
By Offering, the livestock identification market is sub divided into hardware, software and service. The hardware is accounted for the largest share 75% of the livestock identification market, The large market size of this category is due to the increase in the use of electronic and visual identification tags, students, and applications from all small, medium, and large farms around the world to show ownership of a particular animal. These machines play an important role in livestock management through animal identification; keeping records related to production, age, health, and reproductive status, which helps farmers to make informed decisions about livestock management. These machines also send warnings signs of animal attacks to farmers.
By Species, the livestock identification market is segmented into Poultry, Swine, Cattle and Others. Proper identification of cattle is essential for good production and profitability in the cattle business. Manual identification and management of medium-sized livestock farms is expensive and time consuming. Therefore, automated livestock identification solutions are preferred over manual diagnostics and management procedures. Livestock identification is important in owning and selling cattle. It enables farmers to make management decisions to improve cattle production. In addition, the increase in the number of cattle in the world increases the need for cattle identification solutions.
COMPETITIVE LANDSCAPE:
The key players in the Livestock Identification market are Allflex Livestock Intelligence, Nedap, Livestock Improvement Corporation, Leader Products, Kupsan Tag Company, Datamars, MS Schippers, Shearwell Data, CAISLEY International, Luoyang Laipson Information Technology and Other.
MARKET SEGMENTATION:
BY OFFERING
-
Hardware
-
Software
-
Service
BY DEVICE LIFECYCLE
-
Short term
-
Long term
BY SPECIES
-
Poultry
-
Swine
-
Cattle
-
Others
REGIONAL ANALYSIS:
Europe hosted the largest market share of the world's livestock identification market. Growth could be due to an increase in demand for pork in the European Union. The European Union's animal identification regulations also help to grow the region's livestock identification market.
REGIONAL COVERAGE:
-
North America
-
USA
-
Canada
-
Mexico
-
-
Europe
-
Germany
-
UK
-
France
-
Italy
-
Spain
-
The Netherlands
-
Rest of Europe
-
-
Asia-Pacific
-
Japan
-
south Korea
-
China
-
India
-
Australia
-
Rest of Asia-Pacific
-
-
The Middle East & Africa
-
Israel
-
UAE
-
South Africa
-
Rest of Middle East & Africa
-
-
Latin America
-
Brazil
-
Argentina
-
Rest of Latin America
-
| Report Attributes | |
|---|---|
| Market Size in 2022 | US$ 1.70 Billion |
| Market Size by 2030 | US$ 3.84 Billion |
| CAGR | CAGR of 10.7% from 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Hardware, Software, Service) • By Device Lifecycle (Short Term, Long Term) • By Species (Poultry, Swine, Cattle, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Allflex Livestock Intelligence, Nedap, Livestock Improvement Corporation, Leader Products, Kupsan Tag Company, Datamars, MS Schippers, Shearwell Data, CAISLEY International, Luoyang Laipson Information Technology and Other. |
| Key Drivers | • Accurate and efficient animal disease traceability provides significant potential to reduce economic losses and cattle death rates. • Livestock farmers are putting a greater emphasis on real-time animal identification and tracking. |
| Restraints | • Expensive electronic identification gadgets. • The gradual transition to a vegan diet has an impact on market growth in European countries. |
Frequently Asked Questions (FAQ) :
What will be the market value of the Livestock Identification Market?
The market value will be expected to reach USD 3.15 billion by 2028, and grow at a CAGR of 10.7% over the forecast period 2022-2028.
What are the top market segments that have been covered in this report?
The market has been segmented with respect to offering, device life cycle and species.
who are the major key players In the Livestock Identification Market?
The key players in the Livestock Identification market are Allflex Livestock Intelligence, Nedap, Livestock Improvement Corporation, Leader Products, Kupsan Tag Company, Datamars, MS Schippers, Shearwell Data, CAISLEY International, Luoyang Laipson Information Technology and Other.
Which research methodology are used in this report?
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Who can buy this report?
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Livestock Identification Market Segmentation, by offering
8.1Introduction
8.2 Hardware
8.3 Software
8.4 Service
9. Livestock Identification Market Segmentation, by Device Lifecycle
9.1 Introduction
9.2 Short term
9.3 Long term
10. Livestock Identification Market Segmentation, by species
10.1 Introduction
10.2 Poultry
10.3 Swine
10.4 Cattle
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12 Company Profiles
12.1 Livestock Improvement Corporation.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Allflex Livestock Intelligence
12.3 Nedap
12.4 Leader Products
12.5 Kupsan Tag Company
12.6 Datamars
12.7 MS Schippers
12.8 Shearwell Data
12.9 CAISLEY International
12.10 Luoyang Laipson Information Technology
12.11 Other
13 Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14 Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
