According to a new market research report published by Global Insight Services “Livestock Identification Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Livestock identification is a system used to identify individual animals within a herd or flock. It is used for a variety of purposes, including traceability in case of disease outbreaks, management and marketing of animals, and assessment of genetic resources. Identification methods include branding, tattooing, ear tags, and microchips.
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Key Players
The Livestock Identification Market includes players such as Allflex Livestock Intelligence, Datamars, Nedap N.V., MS Schippers, Livestock Improvement Corporation, Shearwell Data Ltd., Leader Products, CAISLEY International GmbH, Kupsan Tag Company Ltd., and Luoyang Laipson Information Technology Co., Ltd.
Key Trends
Livestock identification technology is evolving rapidly, driven by the need for better traceability of animals for food safety, disease control, and biosecurity purposes.
The most common method of identification currently is ear tagging, but this has several disadvantages, including the potential for loss or damage to tags, and the fact that tags can be removed or tampered with.
RFID (radio frequency identification) is increasingly being used as an alternative or supplement to ear tags. RFID tags can be read automatically and remotely, so they are much more difficult to lose or tamper with.
Another key trend is the use of GPS (global positioning system) tags, which can provide real-time information on the location of animals. This is particularly useful for tracking animals in large herds, or for monitoring animals that are free-ranging.
Key Drivers
The key driver of the Livestock Identification Market is the increased focus of livestock farmers on real-time identification and tracking of animals.
Livestock identification is an essential aspect of livestock farming. Earlier, cattle were identified and traced manually and confined to farms by building physical fences. However, advanced technologies have made real-time identification and tracking of farm animals simple and organized processes.
Sensor-enabled blockchain technology affords secure and guaranteed traceability of animal products from farm to table, a key advantage in identifying disease outbreaks and preventing related economic losses.
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Market Segments
The Livestock Identification Market is segmented by offering, device lifecycle, species and region. By offering the market is divided into hardware, software and services. Based on device lifecycle it is segmented into long and short. On the basis of species it is bifurcated into cattle, poultry and swine. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Livestock Identification Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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