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Report Scope & Overview:

The Livestock Identification Market Size was valued at USD 1.70 billion in 2022 and is expected to reach USD 3.84 billion by 2030, growing 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, are 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.

Livestock Identification Market Revenue Analysis

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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 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 profoundly affected the labor force, leading to the 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 subdivided into hardware, software, and service. 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 warning 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 are 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.

KEY MARKET SEGMENTATION:

BY OFFERING

  • Hardware

  • Software

  • Service

BY DEVICE LIFECYCLE

  • Short term

  • Long term

BY SPECIES

  • Poultry

  • Swine

  • Cattle

  • Others

Livestock Identification Market Segmentation Analysis

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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 the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

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 & Other Players.

Leader Products-Company Financial Analysis

Livestock Identification Market Report Scope:

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

The market value will be expected to reach USD 3.84 billion by 2030, growing at a CAGR of 10.7% over the forecast period 2023-2030.

The market has been segmented with respect to offering, device life cycle and species.

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.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

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

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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.

Secondary Research

Step 2: Primary Research

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Primary Research

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Data Bank Validation

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