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Increasing Companion Animal Adoptions Boost Animal Identification Systems Market Growth: The Driving Engine Behind Animal Identification Systems Market Evolution in 2025
Animal Identification Systems
What Will the Animal Identification Systems Industry Market Size Be by 2025?
In recent times, a significant upsurge has been observed in the market size of animal identification systems. The market is predicted to expand from $2.78 billion in 2024 to hit $3 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.0%. This augmentation during the historic phase can be linked to several factors: stricter regulatory compliance, a heightened necessity for competent disease management and prevention strategies, improved productivity and efficiency in farm administration, an increasing census of pets, and escalating public apprehension about animal welfare.
What's the Long-Term Growth Forecast for the Animal Identification Systems Market Size Through 2029?
Predictions indicate a robust expansion of the animal identification systems market in the coming years, with an expected growth to $4.04 billion in 2029 and a compound annual growth rate (CAGR) of 7.7%. This upswing in the forecast period is linked to several factors such as larger research funding, increasing global market reach, growing meat and dairy consumption, concerns surrounding environmental sustainability, advancements in biotech, and an uptick in livestock numbers. The forecast period will also see major trends such as the incorporation of Internet of Things (IoT) technologies, use of machine learning algorithms, wider acceptance of biometric identification techniques, data analytics application for improved decision making and management, and the employment of wearable devices designed to consistently monitor animal health.
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What Are the Key Growth Drivers Fueling the Animal Identification Systems Market Expansion?
The escalating trend of keeping companion animals is predicted to fuel the expansion of the animal identification systems market in the future. Companion animals are domestic pets that are primarily maintained for their owner's enjoyment or companionship, providing emotional support and amusement. The increase in companion animal adoption can be attributed to the acknowledged mental and emotional benefits, a surge in animal welfare consciousness, the surge in popularity of pet-friendly lifestyle, and the need for companionship of a growing elderly and lonely population. The use of animal identification systems in companion animals aids in tracking, reuniting, and managing their medical histories. In January 2024, for example, the National Database of Sheltered Animal Statistics, a US-based centralized organization that accumulates, preserves, and handles data on shelter animals, declared that there was an increase of 109,000 dog adoptions in 2023 compared to 2022, in addition to a jump of 34,000 cat adoptions. Also, the report highlighted that 2.6 million cats were adopted in 2023, reflecting a 14% rise or 319,000 more cats compared to 2019. Hence, the upswing in the adoption of companion animals is pushing the growth of the animal identification systems market.
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What Are the Key Trends Driving Animal Identification Systems Market Growth?
Key players in the animal identification systems market are concentrating on the development of highly advanced technological solutions, such as machine learning algorithms, to increase their capability of early and precise detection of illnesses in animals. Machine learning algorithms are noteworthy in animal identification systems as they automate and enhance the accuracy of identification and tracking of animals via patterns in behavior analysis and biometric data. For instance, Merck Animal Health, an American animal health company, introduced SenseHub Feedlot in February 2022. This modern technology is an Allflex Livestock Intelligence product and includes an electronic ear tag proficient in detecting sickness in cattle earlier, more efficiently, and with greater accuracy than conventional visual observation methods. It keeps track of biometric data, for example, body temperature and activity levels, and utilizes machine learning algorithms to pinpoint health issues. The system offers a daily rundown of animals that require attention to caregivers, and has an LED light on tags for effortless identification. Studies have demonstrated that SenseHub Feedlot reduces death rates and labor by facilitating earlier and more precise detection and treatment of diseases like bovine respiratory disease (BRD).
How Is the Animal Identification Systems Market Segmented?
The animal identification systemsmarket 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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Which Companies Are Leading the Charge in Animal Identification Systems Market Innovation?
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 Regions Are Leading the Global Animal Identification Systems Market in Revenue?
North America was the largest region in the animal identification systems market in 2024. 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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