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The livestock identification market size has grown rapidly in recent years. It will grow from $2.01 billion in 2023 to $2.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%.  The growth in the historic period can be attributed to disease control and traceability, food safety and quality assurance, market demands for quality assurance, supply chain efficiency, globalization of trade.

The livestock identification market size is expected to see strong growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.  The growth in the forecast period can be attributed to climate change resilience, supply chain transparency, pandemic preparedness, sustainability initiatives, animal welfare concerns. Major trends in the forecast period include blockchain integration, data analytics and AI, remote sensing technologies, mobile applications and cloud solutions, environmental and climate monitoring.

The increasing demand for animal welfare is expected to propel the growth of the livestock identification market going forward. Animal welfare refers to the ethical and moral responsibility humans have to ensure the physical and mental well-being of animals under their care or influence. Animal welfare demand arises due to growing public awareness and concern about the welfare of animals, driven by increased media coverage, education, and advocacy efforts. Livestock identification is employed to promote animal welfare by enabling more efficient and targeted management practices, facilitating disease control efforts, and ensuring that animals receive appropriate care and interventions to maintain their health and well-being.

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What Are The Key Trends That Influence Livestock Identification Market Share Analysis?

Major companies operating in the livestock identification market are concentrating on new innovative advancements such as SenseHub Feedlotb, a software system designed to monitor livestock. This system monitors the health and well-being of cattle in feedlots. This technology uses electronic ear tags to track behavioral and biometric data, such as body temperature and activity, allowing for 24/7 monitoring of the animals.

Which Market Players Are Driving Growth 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

How Is The Global Livestock Identification Market 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

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The Livestock Identification Global Market Report 2024 provides an overview of the livestock identificationmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The livestock identification market forecast analyzes livestock identification market size, livestock identification market share, leading competitor and their market positions.

The Table Of Content For The Livestock Identification Market Include

1. Livestock Identification Market Executive Summary
2. Livestock Identification Market Segments
3. Livestock Identification Market Size And Template Market Growth Rate
4.  Key Livestock Identification Market Trends
5. Major Livestock Identification Market Drivers
……
25. Key Mergers And Acquisitions In The Livestock Identification Market
26. Top Livestock Identification Companies
27. Livestock Identification Market Opportunities And Strategies
28. Livestock Identification Market, Conclusions And Recommendations
29. Appendix

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