What are the Historical Developments and Current Growth Metrics of the Animal Identification Systems Market?
The animal identification systems market has seen considerable growth due to a variety of factors.
• The animal identification systems market has grown strongly in recent years. It will increase from $2.78 billion in 2024 to $3.02 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%.
This growth is driven by regulatory compliance, the need for effective disease control and prevention, enhanced farm productivity and efficiency, the rising number of companion animals, and growing concern for animal welfare.
What Is The Projected Growth Of The Animal Identification Systems Template Market?
The animal identification systems market is expected to maintain its strong growth trajectory in upcoming years.
• The animal identification systems market is expected to grow strongly, reaching $4.17 billion by 2029 at a CAGR of 8.4%.
Growth is driven by increased research funding, global expansion, rising demand for meat and dairy, environmental sustainability concerns, and advancements in biotechnology. Key trends include the integration of IoT technologies, machine learning algorithms, biometric identification methods, data analytics, and wearable devices for continuous animal health monitoring.
What Are The Key Drivers Fueling Growth In The Animal Identification Systems Market?
The growing adoption of companion animals is expected to boost the growth of the animal identification systems market. Companion animals are increasingly valued for their emotional support and companionship, leading to greater adoption rates. Animal identification systems help track pets and manage their medical history. For example, in January 2024, the National Database of Sheltered Animal Statistics reported a significant rise in dog and cat adoptions in 2023. The increased adoption of companion animals is driving the growth of the animal identification systems market.
What Are The Principal Market Segments In The Global Animal Identification Systems Industry?
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 The Animal Identification Systems Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Animal Identification Systems Industry?
Companies in the animal identification systems market are incorporating machine learning algorithms to detect illnesses in animals earlier and with greater precision. For instance, in February 2022, Merck Animal Health launched SenseHub Feedlot, which uses electronic ear tags to monitor biometric and behavioral data. This technology detects health issues in cattle, such as bovine respiratory disease, and provides more accurate and timely identification compared to traditional methods.
Who Are the Key Players 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
What Are The Regional Insights Into 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.
