The latest report by Fortune Business Insights, titled ‘Livestock Monitoring and Identification 2024 Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2024 – 2032,’ provides a thorough analysis of the global Livestock Monitoring and Identification . The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as technological advancements and regulatory frameworks on the Livestock Monitoring and Identification landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Livestock Monitoring and Identification .
The global livestock monitoring and identification market size was USD 1,545.0 million in 2019 and is projected to reach USD 3,690.4 million by 2027, exhibiting a CAGR of 11.6% during the forecast period.
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Driving Factor:
Rising Cases of Animal Diseases to Spur Demand for Livestock Monitoring and Identification Solutions
The rising population has led to a heavy demand for meat and livestock. The cattle industry’s ongoing expansion will subsequently create lucrative opportunities for livestock monitoring in the forthcoming years. However, the threats from pathogens, coupled with the ever-changing environment, have resulted in disease outbreaks in the livestock industry. The increasing number of heat stress, floods, and drought events will further result in the spread of new diseases, emerging as macro-parasites and vector-borne diseases. For instance, in June 2019, farmers and livestock keepers across Asia witnessed the spread of African Swine Fever (ASF) that forced them to slaughter millions of pigs. Besides, the rising environmental concerns in various countries will constrict the livestock monitoring and identification market growth in the foreseeable future.
Report Highlights:
- A comprehensive overview of the Livestock Monitoring and Identification
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Livestock Monitoring and Identification
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
Livestock Monitoring and Identification Segments:
By Component
- Hardware
- RFID Tags
- Injectable Tags
- Software
- Services
By End-use
- Dairy Farm
- Beef Farm
- Sheep Farm
- Deer Farm
- Goat and Pig Farm
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Top most manufacturers/ Key player by Business Leaders Leading Players of Livestock Monitoring and 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)
Regional Analysis for Livestock Monitoring and Identification :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
Frequently Asked Questions (FAQs):
- What is the current market scenario?
- What was the historical demand scenario, and forecast outlook from 2023 to 2030?
- What are the key market dynamics influencing growth in the Global Livestock Monitoring and Identification ?
- Who are the prominent players in the Global Livestock Monitoring and Identification ?
- What is the consumer perspective in the Global Livestock Monitoring and Identification ?
- What are the key demand-side and supply-side trends in the Global Livestock Monitoring and Identification ?
- What are the largest and the fastest-growing geographies?
- Which segment dominated and which segment is expected to grow fastest?
- What was the COVID-19 impact on the Global Livestock Monitoring and Identification ?
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Table of Contents
Industry Overview:
- Market definition and segmentation
- Industry trends and drivers
- Regulatory environment
Livestock Monitoring and Identification Size and Forecast:
- Historical market size and growth
- Current market size and trends
- Forecast for the future
Competitive Landscape:
- Key players in the market
- Market share analysis
- SWOT analysis of major competitors
Customer Analysis:
- Target customer demographics
- Buying behavior and preferences
- Customer satisfaction and feedback
Product/Service Analysis:
- Overview of products/services in the market
- Features and benefits
- Pricing strategies
Livestock Monitoring and Identification Trends:
- Emerging trends in the industry
- Technological advancements
- Shifts in consumer behavior
TOC Continued…
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