Industry Background:
Livestock identification involved the method of identifying different animals in farms for keeping accurate production records of livestock animals. The different types of livestock identification methods include visual identification which includes ear tags, ear notching, tattooing, other, electronic identification which includes RFID tags, microchips, and tissue sampling. The identification method allows keeping records about the birth date, parentage, production records, health history. Currently, livestock identification is also used as the official identification of livestock animals. The global livestock identification market is expected to grow with the growing demand for consumer animal-based food products. There is also continuous research & development and advancements in the technology used in livestock industries.This growth is primarily driven by Growing Number of Livestock Farms in Different Regions and Demand for Maintaining Proper Identification of Animals and Implementing Better Management Practices for them.
Globally, a noticeable market trend is evident Increasing Use of Visual Identification and Electronic Identification for Livestock Identification. Major Players, such as Allflex (United States), DeLaval (Sweden), Nedap (Netherlands), HerdX, Inc. (United States), Livestock Improvement Corporation (New Zealand), IdentiGEN Ltd. (Ireland), Afimilk Ltd (Israel), Datamars (Switzerland), Kupsan Tag Company (Turkey), Caisley GmbH (Germany), Connecterra B.V. (Netherlands), BouMatic (United States) and Y-Tex Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 5th August 2020, Merck Animal Health, known as MSD Animal Health outside the United States and Canada, a division of Merck & Co., Inc., Kenilworth, N.J., USA announced the completion of its acquisition of IdentiGEN, a leader in DNA-based animal traceability solutions for Livestock and Aquaculture from MML Growth Capital Partners Ireland. Specific terms of the agreement were not disclosed. IdentiGEN’s technology combines each species’ unique DNA (deoxyribonucleic acid) and data analytics to provide an evidence-based animal traceability solution, called DNA TraceBack, to accurately and precisely trace beef, seafood, pork, and poultry that is verifiable from farm-to-table.
On 17th January 2019, Merck has acquired Antelliq, the parent company of Allflex, maker, and distributor of digital animal identification, traceability, and monitoring products. All outstanding shares of the company were acquired for approximately 2.1 billion Euros, the company says. Merck will also assume Atelliq’s debt of 1.15 billion euros, which it intends to repay shortly after the deal is closed. The deal is expected to close in the second quarter of this year.
Regulatory Insights:
"At the federal level, the regulatory structure for animal identification is focused on the interstate movement of livestock. At the state level, the intra-state movement of livestock is governed by state and/or local governments. No matter what system of animal traceability each state eventually finalizes, the government’s approach, on the state and federal level, to the precise data requirements and maintenance of information, will certainly affect participants of the livestock industry. Under the new system, animal identification is owned, led, and administered by the individual states, rather than the federal government, and the information that is protected varies from state to state."
Market Drivers
- Growing Number of Livestock Farms in Different Regions
- Demand for Maintaining Proper Identification of Animals and Implementing Better Management Practices for them
Market Trend
- Increasing Use of Visual Identification and Electronic Identification for Livestock Identification
Restraints
- Stringent Regulatory Guidelines and Standards Associated with Livestock Identification Market
Opportunities
Surging Technological Advancement and Demand for Automation for Proper Management of Livestock will Boost the Livestock Identification Market
Challenges
Problems Involved with Managing Visual Ear Tags Hindering the Livestock Identification Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Livestock Identification Study Sheds Light on
The Livestock Identification Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Livestock Identification industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Livestock Identification industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.