Large Livestock Population in Asia Pacific Offers Huge Growth Potential for the Animal Tagging Market

Business Wire, Sept 14, 2007

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c68482) has announced the addition of the new Frost & Sullivan Report "Assessment of Asia Pacific RFID Animal Tagging Markets" to their offering.

This Frost & Sullivan white paper titled Assessment of Asia Pacific RFID Animal Tagging Market provides a perspective on the current trends and the use of RFID in various Asia Pacific countries. It also includes the key drivers and restraints affecting the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the RFID animal tagging markets in Australia, New Zealand, Thailand, Japan, South Korea, Singapore, China, India, Malaysia, and Indonesia

Large Livestock Population in Asia Pacific Offers Huge Growth Potential for the Animal Tagging Market

Worldwide, legislation is driving RFID rollouts for animal tagging, often subsidized by governments. Concerns over animal health, potential bio-terrorism, food safety, international trade, and improving supply chain management have made animal and meat traceability essential. Epidemics such as the mad cow disease and bird flu, among others, have led governments to consider RFID implementation for animal tracking. With Asia Pacific having the highest livestock population globally, the RFID animal tagging market in the region is set to achieve growth.

"RFID in animal tagging may not be the largest application of RFID in Asia Pacific," notes the analyst of this research service. "However, its benefits and the special features of track and trace can prove to be highly profitable and worthwhile for farmers and suppliers."

High Penetration Expected in Australia and New Zealand

According to the Global Livestock Production and Health Atlas (GLiPHA) database of the Food and Agricultural Organization (FAO), China has the largest number of livestock units globally, followed by India. In Asia, Australia, Pakistan, Indonesia, Bangladesh, Vietnam, and New Zealand are the other countries with large numbers of livestock units.

The future of the livestock industry is headed toward source verification of herd of origin of all types of livestock. This will be based on "one animal - one number". In the short term, there will be greater penetration in the "early adopter" countries of Australia and New Zealand, as farmers meet the deadlines issued by the mandates. Over the long term, growth will also be seen in other countries that have not yet issued any mandates on tagging, but are expected to do so.

For more information, visit http://www.researchandmarkets.com/reports/c68482