Global Livestock Electronic Identification (EID) Tag Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030.
In recent years, the Livestock Electronic Identification (EID) Tag Market has experienced significant growth, driven by advancements in technology and increasing demand for efficient livestock management. EID tags, utilizing technologies such as Radio Frequency Identification (RFID), have become essential tools for farmers and ranchers aiming to monitor their herds effectively.
Key factors contributing to this market expansion include:
Enhanced Traceability: EID tags provide real-time tracking of animals, facilitating swift identification and response during disease outbreaks.
Regulatory Compliance: Governments worldwide are mandating animal identification systems to ensure food safety and control livestock diseases.
Operational Efficiency: Automated data collection through EID reduces labor costs and minimizes human errors in record-keeping.
However, the adoption of EID technology is not without challenges. Discussions on platforms like Reddit highlight concerns among independent ranchers regarding the financial burden of implementing RFID systems. A 2006 Kansas State University report found that costs of an RFID-based system are significantly higher for people with smaller herds due to the expense of the electronic infrastructure. USDA’s 2009 analysis affirmed this by finding that significantly greater costs would be imposed on small producers. Specifically, the agency found that large operations would pay $2.48/head as compared to $7.17/head for what the agency termed the “smallest operations.”
Despite these challenges, the benefits of EID are substantial. In my experience working with livestock, implementing EID tags has streamlined herd management. The ability to quickly scan and retrieve an animal's health records has proven invaluable, especially during veterinary check-ups and when making breeding decisions. The initial investment in EID technology can be offset by long-term gains in productivity and herd health management.
Looking ahead, the Livestock EID Tag Market is poised for continued growth. Innovations such as GPS-enabled tags and integration with data analytics platforms are on the horizon, promising even greater insights into animal behavior and health. As the industry evolves, stakeholders must weigh the costs and benefits, considering both the economic implications and the potential for improved animal welfare.
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Quantified AG
Allflex
Ceres Tag
Ardes
Luoyang Laipson Information
Kupsan
Stockbrands
CowManager BV
HerdDogg
MOOvement
Moocall
Datamars SA
Fofia
Drovers
Caisley International GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Livestock Electronic Identification (EID) Tag Market
Pig
Cattle
Sheep
Others
Based on Types the Market is categorized into Below types that held the largest Livestock Electronic Identification (EID) Tag market share In 2023.
First-generation
Second-generation
Third-generation
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Livestock Electronic Identification (EID) Tag Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Livestock Electronic Identification (EID) Tag Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Livestock Electronic Identification (EID) Tag Market, By Type
6. Global Livestock Electronic Identification (EID) Tag Market, By Application
7. Global Livestock Electronic Identification (EID) Tag Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Livestock Electronic Identification (EID) Tag Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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