2025-2034 Animal Identification Systems Market Roadmap: Insights for Competitive Advantage

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How Large Will the Animal Identification Systems Market Size By 2025?
The market for animal identification systems has experienced significant expansion in recent years. The projections indicate a growth from $2.78 billion in 2024 to $3.02 billion in 2025, marking a compound annual growth rate (CAGR) of 8.7%. The historical period's growth can be ascribed to factors such as escalating regulatory compliance, increasing importance for efficient control and prevention of diseases, improved productivity and efficiency in farm management, a surge in companion animal population, and heightened public awareness about animal welfare.

How Big Is the Animal Identification Systems Market Size Expected to Grow by 2029?
The projected increase in the animal identification systems market size is expected to be robust in the forthcoming years, reaching $4.17 billion in 2029 with a compounded annual growth rate (CAGR) of 8.4%. This growth can be ascribed to numerous factors such as enhanced funding for research, global scaling, heightened demand for meat and dairy, concerns about environmental sustainability, progress in biotechnology, and an upsurge in livestock population. The forecast period also sees major tendencies such as the incorporation of Internet of Things (IoT) technologies, the application of machine learning procedures, adoption of biometric identification techniques, employing data analytics for improved decision-making and supervision, and the utilization of wearable devices for continuous animal health monitoring.

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Which Key Market Drivers Powering Animal Identification Systems Market Expansion and Growth?
The animal identification systems market is predicted to experience growth due to an increase in the number of people adopting pets, referred to as companion animals. These animals, domesticated and primarily kept for enjoyment, companionship and emotional support, are becoming increasingly popular due to recognized emotional and psychological advantages, growing awareness of animal welfare, the appeal of pet-friendly lifestyles, and the need for companionship among aging and solitary individuals. Animal identification systems allow for easy tracking, reunification, and management of medical records in companion animals. For instance, the National Database of Sheltered Animal Statistics, based in the U.S, which manages data on sheltered animals, released a report in January 2024 that revealed an increase in the number of dogs and cats adopted in 2023 vs 2022, by 109,000 and 34,000 respectively. The report also highlighted that 2.6 million cats were adopted in 2023, representing a 14% rise (+319,000 cats) compared to 2019. Consequently, the growth in the adoption of companion animals is fueling the expansion of the animal identification systems market.

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Which Fast-Growing Trends Are Poised to Disrupt the Animal Identification Systems Market?
Prominent businesses in the animal identification systems market are concentrating their efforts on creating innovative technological solutions like machine learning algorithms that can detect diseases sooner and with greater accuracy. These algorithms facilitate the precise and automated identification and monitoring of animals by analyzing patterns in biometric data and behavior. For example, Merck Animal Health, a company based in the US that specializes in animal health, introduced SenseHub Feedlot in February 2022. This product comes from Allflex Livestock Intelligence and incorporates cutting-edge technology. It includes an electronic ear tag that can identify sick cows much sooner, more efficiently and accurately compared to traditional visual methods of observation. It tracks data related to behavior and biometrics, such as body temperature and activity levels, applying machine-learning algorithms to pinpoint health problems. Additionally, the system gives caregivers a daily roster of animals requiring attention and incorporates an LED light on its tags for effortless identification. Studies have demonstrated that SenseHub Feedlot lessens mortality rates and saves labor by enabling earlier and more precise detection and treatment of diseases, such as bovine respiratory disease (BRD).

What Are the Emerging Segments 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

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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Animal Identification Systems Industry?
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.

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