Animal Identification Systems Market 2024 – Trend Analysis, Industry Growth, Key Players, Growth Opportunities And Outlook By 2033

Animal identification systems are technologies and methods used to uniquely identify and track animals, primarily for purposes such as health monitoring, disease control, and traceability. These systems often involve the use of tags, microchips, or biometric markers to maintain accurate records of individual animals. Effective animal identification enhances management practices, ensures food safety, and supports regulatory compliance in livestock production.

Sizing and Forecast
The animal identification systems market size has grown strongly in recent years. It will grow from $2.56 billion in 2023 to $2.78 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the historic period can be attributed to a rise in regulatory compliance, increased need for effective disease control and prevention methods, enhanced productivity and efficiency in farm management, rising number of companion animals, and growing public concern for animal welfare.

The animal identification systems market size is expected to see strong growth in the next few years. It will grow to $3.85 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.  The growth in the forecast period can be attributed to increased funding for research, global expansion, rising demand for meat and dairy, environmental sustainability concerns, advancements in biotechnology, and increasing livestock population. Major trends in the forecast period include integration of Internet of Things (IoT) technologies, implementation of machine learning algorithms, adoption of biometric identification methods, use of data analytics for better decision-making and management, and use of wearable devices for continuous health monitoring of animals.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/animal-identification-systems-global-market-report

Segmentation & Regional Insights

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

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.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15722&type=smp

Major Driver Impacting Market Growth
A rise in the adoption of companion animals is expected to propel the growth of the animal identification systems market going forward. Companion animals refer to domesticated pets kept primarily for a person’s company or enjoyment, providing emotional support, companionship, and entertainment. The rising adoption of companion animals is driven by the recognized emotional and psychological benefits, increased animal welfare awareness, the popularity of pet-friendly lifestyles, and the companionship needs of an aging and solitary population. Animal identification systems in companion animals facilitate tracking, reunification, and medical history management. For instance, in January 2024, a report published by the National Database of Sheltered Animal Statistics, a US-based centralized system that collects, stores, and manages data on animals in shelters, revealed that 109,000 more dogs were adopted in 2023 compared to 2022, along with 34,000 more cats. Furthermore, the report indicated that 2.6 million cats were adopted in 2023, marking a 14% increase (+319,000 cats) compared to 2019. Therefore, a rise in the adoption of companion animals is driving the animal identification systems market.

Key Industry Players
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

The animal identification systems market report table of contents includes:
1. Executive Summary
2. Animal Identification Systems Market Characteristics
3. Animal Identification Systems Market Trends And Strategies
4. Animal Identification Systems Market – Macro Economic Scenario
5. Global Animal Identification Systems Market Size and Growth
…………………………….
32. Global Animal Identification Systems Market Competitive Benchmarking
33. Global Animal Identification Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Animal Identification Systems Market
35. Animal Identification Systems Market Future Outlook and Potential Analysis
36. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model