Press release
In-Depth Analysis of the Animal Identification Systems Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Animal Identification Systems
The growth of the animal identification systems market is forecasted to be driven by a surge in companion animal adoption. Companion animals, defined as domesticated pets primarily kept for companionship, pleasure, emotional support, and amusement, are becoming increasingly popular due to their recognized emotional and psychological advantages, heightened animal welfare consciousness, trend towards pet-friendly lifestyles, and the companionship requirements of an aging and solitary demographic. Animal identification systems help in tracking, reunifying, and managing the medical history of these companion animals. For example, a report released by the National Database of Sheltered Animal Statistics, a US-based organization that collates, retains, and processes data on sheltered animals, disclosed that the adoption rate for dogs increased by 109,000 in 2023 from 2022, and cat adoption also climbed by 34,000. The report also highlighted a 14% surge (+319,000 cats) in cat adoptions in 2023 with a total of 2.6 million compared to 2019. Hence, the increasing adoption of companion animals is providing significant impetus to the animal identification systems market.
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What growth opportunities are expected to drive the animal identification systems market's CAGR through 2034?
In recent times, the market size for animal identification systems has witnessed robust growth. It is predicted to rise from $2.78 billion in 2024 to $3.02 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.7%. The past growth has been linked to increased regulatory compliance, the escalating need for efficient disease control and prevention strategies, improved farm management productivity and efficiency, growth in the population of companion animals, and heightened public awareness about animal welfare.
The size of the animal identification systems market is projected to experience substantial growth in the upcoming years, reaching $4.17 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. This growth over the projected period can be connected to surging funds for research, global expansion, an escalating demand for meat and dairy products, concerns about environmental sustainability, progresses in biotechnology, and rising livestock populations. Key trends over this period include the incorporation of Internet of Things (IoT) technologies, the application of machine learning algorithms, embracing of biometric identification techniques, utilization of data analytics for enhanced decision-making and management, and the employment of wearable devices for ongoing health tracking of animals.
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What are the emerging trends shaping the future of the animal identification systems market?
Leading companies in the animal identification systems market are centring their efforts on creating technologically enhanced solutions, including machine learning algorithms, to improve early and precise detection of diseases. Machine learning algorithms within animal identification systems offer accurate and automatic identification and monitoring of animals using patterns found in biometric data and behavior analysis. For example, in February 2022, Merck Animal Health, an American animal health firm, introduced SenseHub Feedlot, a product of Allflex Livestock Intelligence. This cutting-edge technology integrates an electronic ear tag that can identify ill cattle earlier, with a higher degree of efficiency and accuracy than traditional visual observation methods. It tracks behavioral and biometric data, such as body temperature and activity levels, utilising machine-learning algorithms to pinpoint health problems. The system equips caregivers with a daily list of animals that require attention and includes an LED light on tags for easy recognition. Studies have shown that SenseHub Feedlot lowers mortality rates and labour costs by enabling quicker and more precise detection and treatment of diseases, like bovine respiratory disease (BRD).
Which growth-oriented segments of the animal identification systems market are leading the industry's development?
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
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What regions are leading the charge in 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 companies are at the forefront of innovation in the animal identification systems market?
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
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What Is Covered In The Animal Identification Systems Global Market Report?
•Market Size Forecast: Examine the animal identification systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the animal identification systems market for a structured understanding.
•Key Players Overview: Analyze major players in the animal identification systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the animal identification systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the animal identification systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the animal identification systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the animal identification systems market.
•Competitive Landscape: Review strategic developments in the animal identification systems market, including expansions, agreements, and new product launches.
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