Animal Identification Market - By Solution Type (Hardware, Software, Service), Animal Type (Companion, Livestock), Application (Tracking, Disease Control & Surveillance), End-use (Farms, Animal Rescue Shelters) – Global Forecast 2024 – 2032
Report ID: GMI10758
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Published Date: August 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 339
Countries covered: 23
Pages: 194
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Animal Identification Market
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Animal Identification Market Size
Animal Identification Market size was valued at approximately USD 3.1 billion and is projected to grow at a CAGR of 9% between 2024 and 2032. Key drivers fueling the growth of the market include an increasing demand for precision livestock management, stringent disease control measures, adherence to food safety standards, and a commitment to ethical farming practices and responsible pet ownership.
Furthermore, with a rising global livestock population and an escalating demand for safe, traceable food products, the need for effective animal identification systems to monitor and manage herds becomes paramount. For instance, records from the U.S. Department of Agriculture (USDA) indicate that from fiscal years 2017 to 2021, around 11 million official, visually readable ear tags (non-electronic identification) were utilized annually, representing 11% of the national cattle and bison population.
Additionally, a report from a government agency highlighted that electronic identification systems can significantly reduce disease investigation times and offer multiple advantages. Consequently, heightened awareness regarding animal welfare, a surge in pet ownership, and an intensified focus on pet safety and identification are driving the demand for pet identification solutions like microchips and ID tags, further propelling the market's growth.
Animal identification is the process of uniquely recognizing and tracking animals through various methods and technologies. Common identification methods encompass ear tags (both metal and plastic), microchips, RFID tags, tattooing, hot-iron tagging, among others. This practice is vital for livestock management, wildlife monitoring, research, and ensuring animal health and traceability.
Animal Identification Market Trends
Digitalization and the Internet of Things (IoT) are transforming animal health management. The demand for advanced animal identification tags, which facilitate real-time monitoring of behavior, health metrics, and environmental conditions, is surging. This trend, bolstered by IoT sensors, is contributing to the market growth.
Animal Identification Market Analysis
Based on solution, the market is segmented into hardware, software, and services. The hardware segment is estimated to account for USD 3.1 billion by the end of 2032.
Based on animal type the animal identification market is segmented into companion animals, livestock animals, and other animals. The livestock animals segment dominated the market with the market share of 65.3% in 2023.
Based on application, the animal identification market is segmented into tracking, breeding and genetics, disease control and surveillance and other applications. The tracking segment accounted for USD 1.2 billion in 2023.
Based on end-use, the animal identification market is segmented into, farms, animal rescue shelters, and other end-users. The farms segment is expected to exhibit 9.4% CAGR between 2024–2032.
In 2023, North America commanded a notable 45.6% share of the global animal identification market and is poised for significant growth in the coming years.
The U.S. animal identification market is projected to grow at a robust 9% CAGR from 2024 to 2032.
Germany is set to lead the growth in the European animal identification market.
The Asia-Pacific region is set to witness a notable 9.4% CAGR in its animal identification market during the forecast period.
Animal Identification Market Share
The animal identification industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products and services based on different technologies is among a key market strategy. Some of the leading industry players have a notable presence in the market.
Animal Identification Market Companies
Some of the eminent market participants operating in the Animal Identification industry include:
Animal Identification Industry News:
The animal identification market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Solution
Market, By Animal Type
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: