What Fueled The Previous Growth In The Livestock Identification Market?
The livestock identification market has seen considerable growth due to a variety of factors.
• In recent times, the size of the livestock identification market has seen significant growth. The figures project an increase from $2.24 billion in 2024 to $2.49 billion in 2025, attaining a compound annual growth rate (CAGR) of 11.2%.
Factors contributing to the growth observed in the past include disease control and traceability, assurance of food safety and quality, market requirements for quality assurance, supply chain efficiency, and the globalization of trade.
How Does the Forecast Look for the Livestock Identification Market?
The livestock identification market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the livestock identification market is anticipated to experience robust expansion. The market is projected to increase to $3.55 billion by 2029, with a compound annual growth rate (CAGR) of 9.4%.
This expected growth during the projected period can be linked to factors such as resilience to climate change, supply chain transparency, preparedness for pandemics, sustainability efforts, and concerns regarding animal welfare. The period under forecast is likely to see significant trends such as the integration of blockchain, usage of data analytics and AI, application of remote sensing technologies, use of mobile applications and cloud solutions, and monitoring of environmental and climatic conditions.
What Are The Leading Drivers Of Growth In The Livestock Identification Market?
The growth of the livestock identification market is anticipated to be driven by the rising demand for animal welfare. The concept of animal welfare involves a moral and ethical obligation humans bear to assure the physical and mental health of animals under human care or control. Increasingly, the public is becoming aware and concerned about the well-being of animals, a sentiment fuelled by broader media exposure, education, and campaigns supporting the cause. Livestock identification plays a crucial role in fostering animal welfare, as it allows for more precise and effective management procedures, aids in disease control, and guarantees that animals receive the necessary care and interventions to uphold their health and welfare. For example, in 2022, the American Pet Products Association, Inc., a non-profit organization based in the US, released reports showing that $123.6 billion was expended on animal welfare in the US in 2021. This expenditure increased to $136.8 billion in 2022. Therefore, it's predicted that the growing concern for animal welfare will drive the expansion of the livestock identification market.
How Are The Segments Defined Within The Global Livestock Identification Market?
The livestock identification market covered in this report is segmented –
1) By Type: Hardware, Software
2) By Products: Ear Tags, Microchips, Radio Frequency Identification Tags, Bolus Tags, Neck Tags, Other Identification Systems
3) By Technology: Radio Frequency Identification (RFID), Barcode, Global Positioning System (GPS), Other Technologies
4) By Application: Cattle, Poultry, Swine And Pig, Other Applications
Subsegments:
1) By Hardware: RFID Tags, Electronic Ear Tags, GPS Tracking Devices, Scanners And Readers
2) By Software: Livestock Management Software, Data Analytics Platforms, Mobile Applications, Cloud-based Solutions
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Which Emerging Market Trends Are Altering The Livestock Identification Industry?
In the livestock identification market, significant players like Merck & Co., Inc. are focusing on introducing innovative solutions such as the SenseHub Feedlotb system, designed specifically to monitor livestock. The system tracks the health status of cattle in feedlots using electronic ear tags to gather behavioural and biometric data like body temperature closely and continuously. For example, in February 2022, the US-based pharmaceutical company, Merck & Co., Inc. launched the SenseHub Feedlot system to ensure the well-being of cattle in feedlots. This state-of-the-art technology facilitates early detection of ailing animals, allows for swift evaluation and treatment, ultimately leading to decreased treatment costs, reduced animal mortality, and enhanced treatment results. The system is equipped with sensors for tracking the temperature and movements of the cattle, producing real-time data that allows early and precise detection of potentially ill cattle as compared to traditional visual inspection. Moreover, it comes with a bright electronic ear tag that aids in easy identification and sorting of cattle requiring attention, decreasing the amount of labor needed.
Who Are the Key Players In The Livestock Identification Market?
Major companies operating in the livestock identification market are:
• DeLaval Inc.
• Livestock Improvement Corporation Limited
• Nedap N.V.
• BouMatic LLC
• SCR Dairy Inc.
• Ceres Tag Ltd
• AEG Identification Systems
• Y-Tex Corporation
• Afimilk Ltd
• MS Schippers B.V.
• Avid Identification Systems Inc.
• Shearwell Data Ltd
• IdentiGEN Limited
• Quantified AG
• Animana B.V.
• Cainthus Ltd
• Connecterra B.V.
• Cowlar Ltd
• Datamars SA
• Küpsan Hayvanclk
• Moocall Ltd
• CowManager B.V.
• Allflex Livestock Intelligence Ltd
What Is The Most Dominant Region In The Livestock Identification Market?
North America was the largest region in the Livestock identification market in 2024. The regions covered in the livestock identification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
