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Livestock Monitoring & Identification Market to Reach $3,690.4 Million by 2027; Adoption of Animal Tracing Solutions to Promote Growth

February 24, 2021 | Information & Technology

The global livestock monitoring and identification market size is expected to reach USD 3,690.4 million by 2027. The adoption of IoT technologies to enhance performance and reduce loss by gathering data on cattle in real time will enable speedy expansion of the market, mentioned in a report, titled “Livestock Monitoring and Identification Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By End-use (Dairy Farm, Beef Farm, Sheep Farm, Deer Farm, and Goat and Pig Farm), and Regional Forecast, 2020-2027.” The market size stood at USD 1,545.0 million in 2019 and is expected to exhibit a CAGR of 11.6% between 2020 and 2027.


Acquisition of Agrident by Allflex to Provide Impetus


Allflex, a world leader in the design, manufacture, and delivery of animal identification technology, announced that it had acquired Agrident, the German-based agricultural technology company specialising in RFID data capture systems used in process control and animal management systems worldwide. Allflex’s fixed and mobile reader technology offers advanced data capture features for management and traceability and has a worldwide reputation for excellence and superior performance. The company is also recognized for its strong commitment to customer requirements and a high-level of support and service. The acquisition will help Allflex with Agrident’s RFID readers and associated technologies enhance its capabilities in electronic animal identification and data capture. This acquisition will also help the companies invest in the sustainability of livestock farmers through the tools, ensuring proper health, and managing their animals better in the future. Such advanced livestock monitoring and identification solutions will help the market grow.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/livestock-monitoring-market-104624


Implementation of Animal Disease Traceability (ADT) Programs to Encourage Livestock Monitoring and Identification Market Growth


Farmers and livestock keepers are utilizing animal traceability solutions to maintain animal health and well-being better. Government regulations coupled with food quality obligations will further spur product demand, which, in turn, will aid the expansion of the market in the forthcoming years. The promotion of sustainable development goals by governments can educate consumers about the environmental footprint of their food. Moreover, governments are proposing new frameworks for the adoption of animal tracing solutions, which, in turn, will incite the development of the market for livestock monitoring and identification solutions in the forthcoming years.


Adoption of Innovative Strategies by Key Companies to Aid Expansion


Prominent companies such as Zee Tags Ltd. (Datamars), Quantified AG, Allflex (SCR Engineers Ltd.), ID Tech Solutions Private Limited, Shearwell Australia, AEG ID (AB Electrolux) are adopting strategies, such as partnerships and collaborations to consolidate their position in the market. For instance, in February 2020, Cainthus, an agri-tech company based in Dublin, launched ALUS Nutrition. This solution incorporates RFIDs and cameras to track animal health and adjust feed management plans consequently. 


The Report Lists the Key Companies in the Market for Livestock Monitoring & Identification:



  • HerdX, Inc. (Boerne, Texas)

  • Afimilk Agricultural Cooperative Ltd. (Afikim, Israel)

  • infsoft GmbH (Ingolstadt, Germany)

  • Zee Tags Ltd. (Datamars) (Auckland, New Zealand)

  • Quantified AG (Nebraska, United States)

  • Allflex (SCR Engineers Ltd.) (Texas, United States)

  • BouMatic (Madison, Wisconsin)

  • Connecterra B.V. (Amsterdam, The Netherlands)

  • ID Tech Solutions Private Limited (Haryana, India)

  • Shearwell Australia (East Bendigo, Australia)

  • Y-Tex Corporation (Wyoming, United States)

  • Dairymaster (County Kerry, Ireland)

  • GEA Group (Düsseldorf, Germany)

  • DeLaval Inc. (County Kerry, Ireland)

  • CowManager B.V. (Harmelen, Netherlands)

  • Valley Agricultural Software, Inc. (California, United States)

  • Cainthus (Dublin, Ireland)

  • Lely International N.V. (Maassluis, the Netherlands)


Further Report Findings:



  • Regional Analysis: Asia Pacific is expected to hold the largest livestock monitoring and identification market share during the forecast period owing to the increased animal tracking activities in India, South Korea, and China. The introduction of advanced solutions will propel the healthy growth of the market in Asia Pacific.

  • Leading Segment: The dairy farm is expected to hold the lion’s share in the global market during the forecast period owing to the implementation of livestock monitoring solutions in dairy farms. The growing need for milk and milk products will further incite the development of the market.


The Market is Segmented into:














































  ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2018



Unit



  Value (USD million)



Segmentation



  Component; End-use; and Geography



By Component




  • Hardware


    • RFID Tags

    • Injectable Tags


  • Software

  • Services



By End-use




  • Dairy Farm

  • Beef Farm

  • Sheep Farm

  • Deer Farm

  • Goat and Pig Farm



By Geography




  • North America (By Component; End-use; and Country)

    • United States (By End-use)

    • Canada (By End-use)





  • Europe (By Component; End-use; and Country)

    • Germany (By End-use)

    • United Kingdom (By End-use)

    • France (By End-use)

    • Italy (By End-use)

    • Spain (By End-use)

    • Netherlands (By End-use)

    • Poland (By End-use)

    • Rest of Europe





  • Asia Pacific (By Component; End-use; and Country)

    • India (By End-use)

    • China (By End-use)

    • Australia (By End-use)

    • New Zealand (By End-use)

    • South Korea (By End-use)

    • Rest of APAC





  • The Middle East & Africa (By Component; End-use; and Country)

    • South Africa (By End-use)

    • Turkey (By End-use)

    • Rest of MEA





  • Latin America (By Component; End-use; and Country)

    • Argentina (By End-use)

    • Rest of LATAM




Global Livestock Monitoring and Identification Market
  • PDF
  • 2019
  • 2016-2018
  • 120

    CHOOSE LICENSE TYPE

  • 4850
    5850
    6850

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