The Global Livestock Identification market was valued at USD 1.92 billion in 2021 and is expected to reach USD 4.11 billion by the year 2028, at a CAGR of 11.48%.
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.
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Livestock Identification Market Report contains market data from 2022 to 2028, that encompasses a ranking read of the market covering key drivers and risk factors. The report is split by high international manufacturers that mention sales, revenue, and applicable prices. It additionally evaluates the competitive things of key players. The report is swollen to include regional market data in conjunction with varieties and applications. This report forecasts sales and revenue from 2022 to 2028. elaborate sales channels square measure lined at intervals at intervals the study.
Top Company Profiles Include in Livestock Identification Market report:
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
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Livestock Identification Market Segmentation:
In market segmentation Animal Type, Livestock Identification Market report covers:
Cattle, Poultry, Swine, Equine, Others
In market segmentation Application, Livestock Identification Market report covers:
Milk Harvesting,Breeding Management,Feeding Management,Animal Health Monitoring & Comfort,Heat Stress,Behavior Monitoring,Others
Following regions are highlighted in this Livestock Identification Market report:
- North America
- Asia Pacific
- Middle East & Africa
The Analysts have distributed the Livestock Identification Market across different geographies such as North America, Latin America, Asia Pacific, Africa and India for detailed market study. The financial aspects of the business are also carefully studied, referring to several attributes such as price, profit margin and sales by region for the forecast period 2022-2028.
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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
Important Facts of the Livestock Identification Market Report:
- The report combines the essential historical data and analysis required for a comprehensive research report.
- This research report includes a Global Livestock Identification market overview, market share, demand and supply ratios, supply chain analysis and import/export details.
- The report provides information such as production values, strategies adopted by market players and the products/services they offer.
- Company profiling with comprehensive strategy, financial details and recent progress.
- The report offers a complete forecast of the global market by product, application, and region.
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