Livestock Identification Market: Current Analysis and Forecast (2024-2032)
Emphasis on Technology (Radio Frequency Identification, Barcode Identification, Global Positioning System, and Others); End User (Cattle, Swine, Poultry, and Sheep & Goats); Region/Country.
Livestock Identification Market Size & Forecast
The Livestock Identification Market was valued at USD 1,723.2 Million in 2023 and is expected to grow at a strong CAGR of around 7.1% during the forecast period (2024-2032) owing to the strict government regulations for traceability and disease control, along with the growing adoption of RFID and IoT-based tracking for efficient herd management.
Livestock Identification Market Analysis
The market for identifying livestock properties grows as the animal industry focuses more on detecting diseases and meeting government rules. This market consists of technologies that help operators maintain constant control of livestock from their life start to finish while protecting animal health and improving supply chain efficiency. The livestock industry needs more animal tracking because people want more food from animals, plus new technology helps make identifications better, plus governments require complete animal tracking records.
In the coming years, the Asia Pacific region will expand its market at the fastest rate. The meat market demand in China, India, Australia, and Japan grows as their livestock numbers rise. For instance, India had the largest cattle inventory in the world in 2023 followed by Brazil and China. India's cattle inventory was reported at 307.5 million head in 2023, accounting for roughly 33% of the world's inventory. The expanding livestock sector, together with property owners gaining knowledge about livestock tracking software, drives prospective buyers. China and India would be the fastest growing countries in the region during the forecast period.
Livestock Identification Market Trends
This section discusses the key market trends that are influencing the various segments of the Livestock Identification market as identified by our team of research experts.
Government Regulations & Compliance
Governments across nations now require brackets to keep track of their livestock to secure food safety and prevent outbreaks while meeting international trading standards. Many nations require NAIS in the U.S., the Extended Livestock Identification System in Europe, and the Livestock Development Program in India to track animals through RFID tags, ear tags, and biometric systems. Governments set disease monitoring rules and supply traceability standards along with theft prevention components, which grow the market.
Adoption of RFID & IoT-based Tracking
RFID and IoT tracking systems combine to improve livestock management by showing live data and automatic measurement with exact animal tracking details. Farmers use RFID tags and sensors to check health signs, record animal positions, and track their movement paths, which cuts workload and enhances results. Connected IoT technology working with cloud systems helps detect diseases early, which makes the livestock production process more productive and environmentally friendly.
Disease Control & Biosecurity Measures
Livestock diseases such as Foot-and-Mouth Disease (FMD), Bovine Tuberculosis, and Avian Influenza pose severe risks to animal health and food safety. Public institutions and beef farmers track illnesses rapidly using new tools to control the spread before it becomes bigger. A quick animal identification system helps detect infected livestock, which saves markets worldwide and decreases industry expenses.
Increasing Demand for Meat & Dairy Products
Demand for livestock items increases as global societies expand and people adopt new eating patterns, particularly in developing countries of China, India, and Brazil. Businesses now run large-scale meat and dairy operations which need advanced animal tracking systems to maintain quality standards and achieve better outputs. Customers want to know where their farm animals come from and how they are raised, which leads companies to use tracking systems to show this information.
APAC is Expected to Grow with Significant CAGR During Forecast Period
The Asia-Pacific region shows strong growth in its livestock identification system because animal numbers and meat-dairy demand are rising, plus regional authorities require tracking systems. Several nations, especially China, India, Australia, and New Zealand, lead by adopting harsh laws to check food safety and animal wellness. Farmers and industry members select RFID tags and Internet of Things technology because these systems help them run their herds smarter and better. Ironically enough, market expansion in this region comes from two different forces. One comes from increased use of digital technology in agriculture and the other develops due to financial incentives provided by the government on animal identification equipment.
China and India stand as leading meat and dairy producers globally, so the market demand for tracking tools keeps growing stronger. The established livestock exports from Australia and dairy production in New Zealand drive this market's development. Various technology startups in APAC create new solutions that use AI monitoring to track livestock, plus blockchain for supply chain recordkeeping. The livestock identification sector across APAC will keep expanding because of stricter food safety rules and rising ethical product buyer expectations.
Livestock Identification Industry Competitive Landscape
The Livestock Identification market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions.
Top Antibacterial Glass Manufacturing Companies
Some of the major players operating in the market include Datamars, Allflex Livestock Intelligence (Merck Animal Health), Nedap N.V., Shearwell Data Ltd., CAISLEY International GmbH, Kupsan Tag Company Ltd., Luoyang Laipson Information Technology Co., Ltd., Y-Tex Corporation, Leader Products, and OMNIA Technologies Pvt. Ltd.
Livestock Identification Market News
In 2023, Datamars, the global RFID and livestock management solutions company, and Connecterra, a leader in data and AI technology, have announced a strategic partnership. Through its investment, Datamars has acquired the sensor business of Connecterra known as ‘Ida for Farmers’ and will also hold a majority share in the Connecterra company. Connecterra will remain independent and focused on further development of its Enterprise platform. The investment leverages each company’s strengths to further accelerate the industry’s transition into more sustainable dairy farming by supporting producers globally who are facing increasing pressures to produce more, with less impact.
Livestock Identification Market Report Coverage
Report Attribute | Details |
Base year | 2023 |
Forecast period | 2024-2032 |
Growth momentum | Accelerate at a CAGR of 7.1% |
Market size 2023 | USD 1,723.2 Million |
Regional analysis | North America, Europe, APAC, Rest of the World |
Major contributing region | Asia-Pacific is expected to grow at the highest CAGR during the forecasted period |
Key countries covered | U.S., Canada, Germany, Spain, Italy, France, United Kingdom, China, Japan, Australia, and India |
Companies profiled | Datamars, Allflex Livestock Intelligence (Merck Animal Health), Nedap N.V., Shearwell Data Ltd., CAISLEY International GmbH, Kupsan Tag Company Ltd., Luoyang Laipson Information Technology Co., Ltd., Y-Tex Corporation, Leader Products, and OMNIA Technologies Pvt. Ltd. |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Technology; By End User; By Region/Country |
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
Customization Options:
The global Livestock Identification market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Livestock Identification Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of global Livestock Identification were the three major steps undertaken to create and explore the adoption of Livestock Identification in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, numerous findings and assumptions were taken into consideration to validate these insights. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the global Livestock Identification market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of Livestock Identification through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of Livestock Identification, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report, such as Technology and End User. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Livestock Identification. Further, we conducted factor analysis using dependent and independent variables such as Technology and End User of the Livestock Identification market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Livestock Identification sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Livestock Identification market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the Livestock Identification across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global Livestock Identification market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Livestock Identification market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Technology and End User in the global Livestock Identification market.
The main objective of the Global Livestock Identification Market Study
The current & future market trends of the global Livestock Identification market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current and forecast market size of Livestock Identification industry in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
Segments in the study include areas of Technology and End User
Define and analysis of the regulatory framework for the Livestock Identification industry
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
Analyze the current and forecast market size of the Livestock Identification market for the major region
Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
Company profiles of the Livestock Identification market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the Livestock Identification market?
The Livestock Identification Market was valued at USD 1,723.2 Million in 2023 and is expected to grow at a strong CAGR of around 7.1% during the forecast period (2024-2032).
Q2: What are the driving factors for the growth of the Livestock Identification market?
The growth of the Livestock Identification Market is driven by strict government regulations, rising meat and dairy demand, advancements in RFID & IoT technologies, and increasing focus on food safety and traceability.
Q3: Which segment has the largest share in the Livestock Identification market by Technology?
The Radio Frequency Identification segment has the largest share of the Livestock Identification market by Application.
Q4: What are the emerging technologies and trends in the Livestock Identification market?
Emerging technologies and trends in the Livestock Identification Market include RFID & IoT-enabled tracking, AI-driven health monitoring, blockchain-based traceability, and biometric identification for enhanced livestock management.
Q5: Which region will dominate in the Livestock Identification market?
APAC is expected to dominate the market during the forecast period.
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