Livestock Identification Market | Latest Advancement And Analysis

Global Livestock Identification Market Overview

Livestock Identification Market Size Was Valued at USD 2.21 Billion in 2023, and is Projected to Reach USD 5.29 Billion by 2032, Growing at a CAGR of 10.9% From 2024-2032.

Livestock identification is the basis for keeping proper production records of the herd/flock. Individual livestock identification enables producers to maintain records on an animal's birth date, health history, parentage, production records, and a host of other important management information. Additionally, authentic records offer the producer sufficient information to make individual or whole herd/flock management decisions. In many instances, the producer requirement to be able to rapidly identify an animal. A successful identification system makes this task more systematic. Identification is also important to identify ownership of a certain animal or to indicate the herd/flock of origin. The requirement for the identification of stock has developed. In many situations, confirming ownership is no longer the central need.

Furthermore, identification of livestock is also required when accomplishing diagnostic procedures (e.g., testing for brucellosis) so that animals that show up serologically positive can be culled. Moreover, rising inventions in animal identity management and better support services are probably to add improvement to the overall growth of the global livestock identification market. The rapid reception of IoT and AI-empowered gadgets for powerful administration of local animals increased interest for robotization in animal cultivating, and developed focal point of ranchers on constant distinguishing proof and checking of animals are the critical turning variables for the domesticated animals' ID market.

COVID-19 Impact on Livestock Identification Market

The COVID-19 pandemic has influenced different sectors, including agriculture, manufacturing, medical, automotive, aerospace & defense, and logistics. Posterior to the current condition, the key market players are presently targeting maintaining and generating revenues to be operational. This had declined the number of events, including product introductions and their distribution in the livestock identification market in 2020. Several scheduled product releases and associated advancements have been carried over due to the spread of the virus. Nevertheless, the impact of COVID-19 is anticipated to subside over the forecast period. The market can start a moderate recovery from the end of 2021 as governments over the globe have uplifted lockdown limitations and economic activities have resumed in most regions of the globe. In the current condition, the livestock identification market is anticipated to witness significant growth as major companies operating in this market have been impacted poorly during 2020. Moreover, demand is also expected to be comparatively decreased than the last year during 2021. By the end of 2021, the demand for livestock identification devices such as smart camera systems, RFIO tags and readers, and sensors is anticipated to recover boost, and gradual recovery is anticipated from the end of 2021 while reaching normalcy by the latter half of 2022. From 2023 onwards, the Livestock Identification Market is anticipated to observe maximum growth.

Market Dynamics and Factors of the Livestock Identification Market

Drivers:

Livestock identification is another important feature of livestock farming. Traditionally, cattle were identified and monitored manually and restricted in farms by building physical fences. Nevertheless, developed technologies have made it possible to identify, track, and monitor farm livestock in real-time. Real-time developed technologies such as biometric sensors include either noninvasive or invasive sensors that identify and monitor an individual animal's health and behavior in real-time, allowing farmers to integrate this data for population-associated analysis. Real-time information from biometric sensors is processed and integrated using big data analytics systems that depend on statistical algorithms to sort through large complex data established and offer farmers relevant trending patterns and decision-making tools.

The growth in the demand for animal products, such as milk, meat, and eggs, is turning the market. Asia held approximately 40% to 45% of the global meat production. Other key manufacturers include Australia, the U.S., Brazil, and Argentina. Moreover, as per to a report by the Australian Bureau of Agriculture and Resources Economics and Sciences, China will represent about 40% of the growth in meat demand by 2050. Such factors are rising the demand for livestock identification devices.

Furthermore, there is high competition among key players, which has emphasized R&D and invention in the existing product portfolio. These key players are adopting different plans to maintain a competitive rivalry. For example, in May 2020, CowManager invented the active ear sensor technique. The company is continuously in development to support dairymen that require innovative solutions and insights into addressing the challenges. Such initiatives are expected to positively accelerate the growth.

Additionally, the expanding prevalence of zoonotic diseases is stimulating the growth of the market. This is owing to these disease spreads in the livestock can be major socioeconomic threats, resulting in production loss and interruptions of the rural economy, local markets, and international trade. Moreover, certain livestock diseases caused owing to viruses and bacteria are known to infect humans. Such factors are probably to grow the demand for the livestock identification market in the coming years.

Restraints:

Lack of awareness about the significance of livestock identification systems among ranchers and animal owners. Even though the livestock identification marketplace is crowded with various innovative technologies, consciousness among the farmers and animal owners remains considerably low, which impacts the adoption of digital equipment or gadgets for herd identification and management. Livestock identification products find usages in almost all functional aspects of poultry, cattle, and swine farms, such as feeding management, ventilation, calf management, heat stress management, behavior monitoring, milk harvesting, and reproduction management. Furthermore, farmers are often inadequate to operate these systems properly which leads to hampering the market growth over the forecast period.

Opportunities:

The growing interest for livestock identification items can be credited to the emerging number of dairy cows to satisfy the enhancing interest for dairy items, such as curd, margarine, cheddar, and yogurt, over the globe. Additionally, a flood in meat utilization over the globe has given rise to an ascent in the quantity of poultry and pig ranches. As the crowd size of dairy ranches extends, it becomes hard to distinguish and screen the group physically. The expanding group size of livestock ranches gives advancement freedoms to the livestock identification market. Livestock homesteads can be made more effective by bringing cutting-edge frameworks in massive ranches to fulfill economies of scale.

Market Segmentation

Segmentation Analysis of Livestock Identification Market:

Based on the Component Type, the market for the software segment is anticipated to increase at the maximum CAGR throughout the forecast period. Technological developments in software utilized in livestock identification and management systems and quick innovations in services are the key factors turning the market during the last few years. There is a rising demand for data analytics and maintenance and support services by livestock owners with rapid developments in livestock farming technologies. Furthermore, the use of software enables recording, retrieval, analysis, storage, and dissemination of information about a large number of cattle. These software systems also enable better management of resources and growth in the production efficiency of livestock.

Based on Animal Type, the cattle species segment is expected to register maximum market share over the forecast period. Manual identification and management of large-sized livestock farms are not only expensive but also time-consuming. In dairy farms, hardware and software solutions allow animal feeding and milking, data capture, and automatic identification, resulting in proper management and control of movements of livestock species. Due to these significances, the cattle segment is anticipated to record the largest size of the livestock identification market over the projected period.

Based on Application, the feeding management segment held the maximum market during the forecast period. There is a high demand for feeding management to identify the food intake of the animal. Moreover, the rising consciousness between the livestock owners for appropriate diet formulation for growing productivity is accelerating this application segment growth.

Regional Analysis of Livestock Identification Market:

Asia Pacific region is expected to dominate the livestock identification market during the projected period. Rapid population growth in emerging economies of the region is exerting pressure on the providers of livestock products to become more efficient and productive, thereby propelling the sales of livestock farming solutions. The growing entry of IoT-enabled livestock identification systems in animal monitoring applications also fuels the growth of this market. Factors turning the adoption of accurate livestock farming in APAC include the growing demand for livestock-related food products, increasing requirement to enhance yields with limited resources, and the rising need to protect cattle from unexpected climatic changes. Major challenges experienced by the farmers in this region are the requirements for low returns on investment, high capital, and lack of knowledge concerning the applications of livestock identification technologies.

North America region holds the significant market share owing to the latest developments of technology, coupled with the raised internet penetration, in this region. The growth can also be attributed to the raised meat utilization in this region. For example, in 2018, the list of the highest meat consumption was leading by the U.S., which is further triggering the need to defense zoonotic and foodborne diseases related to livestock animals, eventually stimulating the market growth.

Players Covered in Livestock Identification Market are:

• CAISLEY International (Germany)
• Kupsan Tag Company (Turkey)
• Afimilk (Israel)
• Livestock Improvement Corporation (New Zealand)
• Allflex (Part of Merck) (US)
• Zoetis (US)
• Leader Products (Australia)
• Nedap (Netherlands)
• Cainthus (Ireland)
• Connecterra (Netherlands)
• DeLaval (Sweden)
• Moocall (Ireland)
• Cowlar (US)
• Datamars (Switzerland)
• Others major Players.

Key Industry Developments in the Livestock Identification Market

• In August 2024, The Department of Agriculture, Environment and Rural Affairs (DAERA) announced an extension for the switchover date to new livestock identification tag codes. The deadline for discontinuing the use of 'UK' prefix livestock tags has been moved to 30 June 2025. This decision provides farmers and stakeholders more time to transition to the new system, ensuring compliance with updated livestock traceability requirements.
• In Feb 2024, ID Tech Solutions earned the prestigious ICAR certification for its groundbreaking RFID injectable transponders, marking a significant advancement in livestock management. The innovative technology allows for seamless animal tracking, improving efficiency in breeding, health monitoring, and inventory management. This achievement positions ID Tech Solutions as a leader in the livestock tech industry, offering a reliable, scalable solution for modern farming practices worldwide.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Component Type
 3.2 By Animal Type
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Livestock Identification Market by Component Type
 5.1 Livestock Identification Market Overview Snapshot and Growth Engine
 5.2 Livestock Identification Market Overview
 5.3 Hardware
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Hardware: Grographic Segmentation
 5.4 Software
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Software: Grographic Segmentation
 5.5 Services
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Services: Grographic Segmentation

Chapter 6: Livestock Identification Market by Animal Type
 6.1 Livestock Identification Market Overview Snapshot and Growth Engine
 6.2 Livestock Identification Market Overview
 6.3 Cattle
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Cattle: Grographic Segmentation
 6.4 Poultry
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Poultry: Grographic Segmentation
 6.5 Swine
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Swine: Grographic Segmentation
 6.6 Equine
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Equine: Grographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Grographic Segmentation

Chapter 7: Livestock Identification Market by Application
 7.1 Livestock Identification Market Overview Snapshot and Growth Engine
 7.2 Livestock Identification Market Overview
 7.3 Milk Harvesting
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Milk Harvesting: Grographic Segmentation
 7.4 Breeding Management
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Breeding Management: Grographic Segmentation
 7.5 Feeding Management
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Feeding Management: Grographic Segmentation
 7.6 Animal Health Monitoring & Comfort
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Animal Health Monitoring & Comfort: Grographic Segmentation
 7.7 Heat Stress
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size (2017-2032F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Heat Stress: Grographic Segmentation
 7.8 Behavior Monitoring
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size (2017-2032F)
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Behavior Monitoring: Grographic Segmentation
 7.9 Others
  7.9.1 Introduction and Market Overview
  7.9.2 Historic and Forecasted Market Size (2017-2032F)
  7.9.3 Key Market Trends, Growth Factors and Opportunities
  7.9.4 Others: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Livestock Identification Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Livestock Identification Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Livestock Identification Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 CAISLEY INTERNATIONAL
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 KUPSAN TAG COMPANY
 8.4 AFIMILK
 8.5 LIVESTOCK IMPROVEMENT CORPORATION
 8.6 ALLFLEX
 8.7 ZOETIS
 8.8 LEADER PRODUCTS
 8.9 NEDAP
 8.10 CAINTHU
 8.11 CONNECTERRA
 8.12 DELAVAL
 8.13 MOOCALL
 8.14 COWLAR
 8.15 DATAMARS
 8.16 OTHER MAJOR PLAYERS

Chapter 9: Global Livestock Identification Market Analysis, Insights and Forecast, 2017-2032
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Component Type
  9.2.1 Hardware
  9.2.2 Software
  9.2.3 Services
 9.3 Historic and Forecasted Market Size By Animal Type
  9.3.1 Cattle
  9.3.2 Poultry
  9.3.3 Swine
  9.3.4 Equine
  9.3.5 Others
 9.4 Historic and Forecasted Market Size By Application
  9.4.1 Milk Harvesting
  9.4.2 Breeding Management
  9.4.3 Feeding Management
  9.4.4 Animal Health Monitoring & Comfort
  9.4.5 Heat Stress
  9.4.6 Behavior Monitoring
  9.4.7 Others

Chapter 10: North America Livestock Identification Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Component Type
  10.4.1 Hardware
  10.4.2 Software
  10.4.3 Services
 10.5 Historic and Forecasted Market Size By Animal Type
  10.5.1 Cattle
  10.5.2 Poultry
  10.5.3 Swine
  10.5.4 Equine
  10.5.5 Others
 10.6 Historic and Forecasted Market Size By Application
  10.6.1 Milk Harvesting
  10.6.2 Breeding Management
  10.6.3 Feeding Management
  10.6.4 Animal Health Monitoring & Comfort
  10.6.5 Heat Stress
  10.6.6 Behavior Monitoring
  10.6.7 Others
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Livestock Identification Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Component Type
  11.4.1 Hardware
  11.4.2 Software
  11.4.3 Services
 11.5 Historic and Forecasted Market Size By Animal Type
  11.5.1 Cattle
  11.5.2 Poultry
  11.5.3 Swine
  11.5.4 Equine
  11.5.5 Others
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Milk Harvesting
  11.6.2 Breeding Management
  11.6.3 Feeding Management
  11.6.4 Animal Health Monitoring & Comfort
  11.6.5 Heat Stress
  11.6.6 Behavior Monitoring
  11.6.7 Others
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Livestock Identification Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Component Type
  12.4.1 Hardware
  12.4.2 Software
  12.4.3 Services
 12.5 Historic and Forecasted Market Size By Animal Type
  12.5.1 Cattle
  12.5.2 Poultry
  12.5.3 Swine
  12.5.4 Equine
  12.5.5 Others
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Milk Harvesting
  12.6.2 Breeding Management
  12.6.3 Feeding Management
  12.6.4 Animal Health Monitoring & Comfort
  12.6.5 Heat Stress
  12.6.6 Behavior Monitoring
  12.6.7 Others
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Livestock Identification Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Component Type
  13.4.1 Hardware
  13.4.2 Software
  13.4.3 Services
 13.5 Historic and Forecasted Market Size By Animal Type
  13.5.1 Cattle
  13.5.2 Poultry
  13.5.3 Swine
  13.5.4 Equine
  13.5.5 Others
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Milk Harvesting
  13.6.2 Breeding Management
  13.6.3 Feeding Management
  13.6.4 Animal Health Monitoring & Comfort
  13.6.5 Heat Stress
  13.6.6 Behavior Monitoring
  13.6.7 Others
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Livestock Identification Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Component Type
  14.4.1 Hardware
  14.4.2 Software
  14.4.3 Services
 14.5 Historic and Forecasted Market Size By Animal Type
  14.5.1 Cattle
  14.5.2 Poultry
  14.5.3 Swine
  14.5.4 Equine
  14.5.5 Others
 14.6 Historic and Forecasted Market Size By Application
  14.6.1 Milk Harvesting
  14.6.2 Breeding Management
  14.6.3 Feeding Management
  14.6.4 Animal Health Monitoring & Comfort
  14.6.5 Heat Stress
  14.6.6 Behavior Monitoring
  14.6.7 Others
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion