Press release
Animal Identification Systems Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Animal Identification Systems Market Growth
There has been significant growth in the market size for animal identification systems in recent times. The forecast suggests an increase from $2.78 billion in 2024 to $3.02 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. Factors that have contributed to this growth include a surge in regulatory compliance, the augmented necessity for improved disease management and prevention strategies, enhancement in productivity and efficiency of farm management, an increase in the population of pets, and public's growing concern towards animal welfare.
Expectations indicate robust expansion within the animal identification systems market in the coming years, with the market size projected to reach $4.17 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.4%. This predicted growth during the forecast period is credited to factors such as escalating research funding, global market development, an upsurge in demand for meat and dairy products, concerns over environmental sustainability, advancements in biotechnological field, and a growing livestock population. Key trends on the horizon during this forecast period encompass the integration of Internet of Things (IoT) technologies, the application of machine learning algorithms, the adoption of biometric identification techniques, the utilization of data analytics for superior decision-making and management, and employing wearable devices for continuous animal health monitoring.
What Is Driving the Growth Trajectory of the Animal Identification Systems Market?
The animal identification systems market is expected to expand with the surge in companion animals' adoption. Companion animals, primarily domesticated for the joy and companionship they provide, significantly contribute to psychological well being. The increasing adoption of these pets can be attributed to their emotional benefits, enhanced awareness about animal welfare, the trend towards pet-friendly lifestyles, and the companion needs of the elderly or solitary individuals. The utility of animal identification systems in tracing, reuniting, and maintaining the pets' health records is notable. A National Database of Sheltered Animal Statistics report released in January 2024 stated that the adoption of dogs increased by 109,000, and cats by 34,000 in 2023 compared to the previous year. The report also highlighted that cat adoptions had reached 2.6 million in 2023, a 14% rise (+319,000 cats) from 2019 figures. Therefore, the escalating trend of adopting companion animals is pushing the growth of the animal identification systems market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15722&type=smp
Who Are the Dominant Companies Influencing Animal Identification Systems Market Trends?
Major companies operating in the animal identification systems market are Avery Dennison Corp, Microchip Technology Inc., MSD Animal Health, HID Global Corporation, Neogen Corporation, Gallagher Group Limited, Datamars SA, Nedap N.V., EM Microelectronic, AEG Identifikationssysteme GmbH (AEG ID), Y-Tex Corporation, RFID Inc., Avid Identification Systems Inc., Jorgensen Laboratories LLC, National Band & Tag Company, Destron Fearing Corp., ID Tech Solutions Pvt. Ltd., Wuxi Fofia Technology Co. LTD., Agrident GmbH, Syscan ID, Planet ID, Microsensys GmbH, Trovan Ltd., Caisley International GmbH, HerdDogg, H. Hauptner u. Richard Herberholz GmbH & Co. KG, EZid LLC
How Is the Animal Identification Systems Market Evolving?
In the animal identification systems market, key business players are emphasizing the creation of innovative technological solutions. These include machine learning algorithms designed to identify diseases in a more timely and precise manner. The functionality of machine learning algorithms in animal identification systems allows for the exact and automatic detection and tracking of animals by analyzing patterns in biometric data and behavior. As an illustration, Merck Animal Health, a company based in the United States specializing in animal health, introduced the SenseHub Feedlot in February 2022. This cutting-edge technology is an Allflex Livestock Intelligence product complete with an electronic ear tag capable of identifying ill cattle earlier, more effectively, and more accurately compared to conventional observational methods. The system, which tracks behavioral and biometric data like body temperature and activity levels, utilizes machine-learning algorithms to pinpoint health complexities. The system equips caregivers with a daily rundown of animals requiring attention and incorporates an LED light on tags for effortless identification. Studies indicate the SenseHub Feedlot minimizes mortality rate and saves on labor by enabling earlier and more accurate diagnosis and remedy of illnesses such as bovine respiratory disease (BRD).
What Are the Different Segmentations in the Animal Identification Systems Market?
The animal identification systems market covered in this report is segmented -
1) By Component: Hardware, Services, Software
2) By Procedure: Wearables, Microchipping, Ear Notching, Tattooing, Other Methods
3) By Application: Livestock, Endangered Animals, Pets, Lab Animals, Fish
Subsegments:
1) By Hardware: Radio Frequency Identification (Rfid) Tags, Microchips, Gps Tags, Scanners And Readers
2) By Services: Data Management Services, Consulting Services, Maintenance And Support Services
3) By Software: Animal Tracking Software, Animal Management Software, Data Analytics Software
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/animal-identification-systems-global-market-report
Which Region Is at the Forefront of the Animal Identification Systems Market?
North America was the largest region in the animal identification systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal identification systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Animal Identification Systems Global Market Report?
- Market Size Analysis: Analyze the Animal Identification Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Animal Identification Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Animal Identification Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Animal Identification Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15722
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Animal Identification Systems Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share here
News-ID: 3856418 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Animal
Animal Health Market Sets the Table for Continued Growth : Zoetis Animal Healthc …
Advance Market Analytics published a new research publication on "Animal Health Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Animal Health market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Animal Antimicrobials and Antibiotics Market 2023 Growth and Development By Bion …
Antibiotics, also called antibacterials, are a type of antimicrobial drug used in the treatment and prevention of bacterial infections. They may either kill or inhibit the growth of bacteria. Animal Antimicrobials and Antibiotics includes Premixes, Oral Powders, Oral Solutions and Injections on the base of classification, which represent 12.4%, 14.4%, 10.4% and 56.6% of global Animal Antimicrobials and Antibiotics market.
Get Sample Copy: https://www.worldwidemarketreports.com/sample/273708
Farm Animals and Companion Animals are the…
Animal Healthcare Market Analysis Focusing on Top Key Players - Merck, Bayer Ani …
Worldwide Market Reports recently released on the Animal Healthcare market for the forecast period, 2017 – 2022 is involved in screening the business environment and the companies operating in the Animal Healthcare industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed upon on the basis of…
Animal Model Market trends, Animal Model Market growth, Animal Model Market size …
Key Findings of Animal Model Market
Developing Regions to Overpower Developed Ones With Regard to Demand
The Asian territory is on the verge of evolving as the next big destination for animal models. This growth can be attributed to various factors such as American and European pharmaceutical companies diversifying their research activities to curtail extra expenses and save costs. Although U.S and Europe have retained their legacy in the global market, their…
Animal Growth Promoter Market Outlook To 2023 – Bayer Animal Health, Biomin, B …
Nov 2018, New York USA (News)- Different categories of feed additives for farm animals are referred to as natural growth promoters (NGPs) or non-antibiotic growth promoters. They are commonly regarded as favorable alternatives to antibiotic growth promoters (AGPs) in livestock production. NGPs include predominantly organic acids, probiotics, prebiotics, synbiotics, phytogenics, tannins, feed enzymes and immune stimulants, an ongoing search for alternatives has created a large variety of NGPs for pigs,…
Animal Antimicrobials and Antibiotics Market Key Players : Animal Health, Bayer …
The term antibiotic or antimicrobial is used for those agents who kill or inhibit the growth of microorganism. The antimicrobials products have significant benefits to the animal and to human food safety. There are researches, which have proven that an increase in the rate of animal illness results in higher rate of human illness. Therefore, livestock dealers depend on animal antibiotics to provide safe food. The scope of this report…
