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animal breeding electronic ear tags market
Latest Study on Industrial Growth of animal breeding electronic ear tags market 2023-2029. A detailed study accumulated to offer Latest insights about acute features of the Animal Breeding Electronic Ear Tags Market. The report contains different market predictions related to revenue size , production, CAGR, Consumption, gross margin, price , and other substantial factors . While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The market includes news and updates about the market current situation, historic data, present market trends , and this factor which is valuable and supportive to the business. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis . The report aims to supply a further illustration of the newest scenario, economic slowdown , and COVID-19 impact on the overall industry.
The Animal Breeding Electronic Ear Tags market is anticipated to register an expansion at a CAGR of 15.28% during the forecast period, 2023–2029.
Key Players in This Report Include:
Quantified, Allflex, Ceres Tag, Ardes, Luoyang Laipson Information, Kupsan, Stockbrands, CowManager, HerdDogg, MOOvement, Moocall, Datamars, Fofia, Drovers, Caisley International
Industry News:
Datamars has acquired 3 companies of its own, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms.Datamars has acquired in 1 US state, and 2 countries. The Company's most targeted sectors include medical products (34%) and technology hardware (34%).
Allflex Europe has acquired 1 company. A total of 1 acquisition came from private equity firms. Allflex Europe's largest acquisition to date was in 2015, when it acquired SCR Engineers for $282M. The Company's most targeted sectors include engineering (100%).
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The Animal Breeding Electronic Ear Tags market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market, opportunities and upcoming challenges and about the competitors.
The Animal Breeding Electronic Ear Tags Market segments and Market Data Break Down are illuminated below
By Type:
First-generation
Second-generation
Third-generation
By Application:
Pig
Cattle
Sheep
Others
The Animal Breeding Electronic Ear Tags market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Market Dynamics:
Driver: Increased focus of livestock farmers on real-time identification and tracking of animals
Livestock identification is an essential aspect of livestock farming. Earlier, cattle were identified and traced manually and confined to farms by building physical fences. However, advanced technologies have made real-time identification and tracking of farm animals simple and organized processes. Advanced technology-based devices such as biometric sensors, including non-invasive or invasive sensors, identify and trace the health and behavior of individual animals in real-time, allowing farmers to integrate this data for population-related analysis. The information gathered from biometric sensors is processed and integrated using big data analytics systems that rely on statistical algorithms to sort through large complex data sets and provide farmers with relevant trending patterns and decision-making tools. Real-time data gathering helps in quicker decision-making and increases farming efficiency. The data can be used to optimize farm processes, and it also helps maintain transparency in supply chain management. Sensor-enabled blockchain technology affords secure and guaranteed traceability of animal products from farm to table, a key advantage in identifying disease outbreaks and preventing related economic losses.
Faster response and prevention of livestock diseases are the major reasons for the increasing focus of livestock farmers on using real-time identification solutions. Livestock disease is very often curable if detected early. However, herd animals rarely show outward signs of sickness until it is too late, which puts the entire herd in danger. The real-time data allows farmers to make better informed decisions. Thus, mortality rates have lowered with the adoption of real-time livestock identification devices. As a result, major market players focus on developing technologically advanced and innovative products for livestock identification applications.
Restraint: High cost of electronic identification devices
The high cost of electronic identification devices such as RFID tags and readers is one of the major factors impacting the adoption of livestock identification devices by small farmers or farmers with limited budgets. Livestock identification solutions are integrated with high-cost technologies such as RFID, IoT modules, AI, and the cloud to improve livestock identification and management in less time.
Farm owners who have mostly followed the traditional identification techniques or visual identification tags find it costly to install these high-cost devices due to their budget constraints. In unorganized small- or mid-sized poultry farms, the deployment of various poultry automation systems impacts poultry farmers' profit margins because installing such systems increases the total operating cost. This restraint has a high impact at present due to the high prices of electronic identification devices such as RFID tags, readers, and sensors, as well as of software and services associated with them. The income or profits earned by the farmers in emerging markets such as India, China, and Brazil are not sufficient to invest in such high-tech systems, hindering the adoption of livestock identification solutions despite their benefits.
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Following are the various regions covered by the Animal Breeding Electronic Ear Tags Market research report:
North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, and Rest of APAC), South America (Brazil, Argentina, Columbia and Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, Nigeria, UAE and Rest of MEA)
In 2030, Europe is projected to hold the largest share of the overall livestock identification market
In 2021, Europe held the largest market share (~41%) of the global livestock identification market. The growth can be attributed to the increased demand for pork meat in the European Union. According to Eurostat, pork meat production reached 23.4 million tonnes in 2021 compared to 23.0 million tonnes in 2020. Moreover, regulations pertaining to animal identification imposed by the European Union also support the growth of the livestock identification market in the region. For instance, 1760/2000 EU regulation establishes a system for identifying bovine animals and regulates the mandatory and voluntary labeling of beef and beef products. According to the mandate, the bovine ear tags must bear an identifying code. In addition, the 911/2004 (EC 2004a) EC regulation is enforced to implement ear tags and registration of animal passports.
Objectives of the Report
To carefully analyses and forecast the size of the market by value and volume. To estimate the market shares of major segments of the Animal Breeding Electronic Ear Tags To showcase the development of the market in different parts of the world. To analyze and study micro-markets in terms of their contributions to the Animal Breeding Electronic Ear Tags market, their prospects, and individual growth trends. To offer precise and useful details about factors affecting the growth of the Animal Breeding Electronic Ear Tags To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Animal Breeding Electronic Ear Tags market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Key Points Covered in Market Report:
-Market Overview, Definition and Classification Market drivers and barriers
-Market Competition by Manufacturers
-Impact Analysis of COVID-19 on Market
-Market Capacity, Production, Revenue (Value) by region (2023-2029)
-Animal Breeding Electronic Ear Tags Supply (Production), Consumption, Export, Import by Region (2023-2029)
– Animal Breeding Electronic Ear Tags market Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
-Animal Breeding Electronic Ear Tags Manufacturers Profiles/Analysis & Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
-Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Effect Factors Analysis.
Key questions answered
– How feasible is Animal Breeding Electronic Ear Tags market for long-term investment?
– What are influencing factors driving the demand for Animal Breeding Electronic Ear Tags near future?
– What is the impact analysis of various factors in the Animal Breeding Electronic Ear Tags market growth?
– What are the recent trends in the regional Animal Breeding Electronic Ear Tags market and how successful they are?
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