Animal Identification Systems Global Market Report 2024

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 observed in the historic period can be attributed to several factors, including an increase in regulatory compliance requirements, a heightened need for effective disease control and prevention methods, improved productivity and efficiency in farm management practices, a rising population of companion animals, and a growing public concern for animal welfare issues.

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 forecasted growth can be attributed to several factors, including increased funding for research initiatives, global expansion of animal-related industries, a rising demand for meat and dairy products, growing concerns about environmental sustainability, advancements in biotechnology, and an increasing livestock population. Major trends expected in the forecast period encompass the integration of Internet of Things (IoT) technologies in animal management systems, the implementation of machine learning algorithms for data analysis and prediction, the adoption of biometric identification methods for precise animal tracking, the use of data analytics for informed decision-making and management practices, and the utilization of wearable devices for continuous health monitoring of animals.

The anticipated increase in companion animal ownership is set to drive the growth of the animal identification systems market in the future. Companion animals are domesticated pets kept primarily for companionship, emotional support, and entertainment. The growing adoption of companion animals is fueled by recognized emotional and psychological benefits, heightened awareness of animal welfare, the trend of pet-friendly lifestyles, and the companionship needs of aging and solitary individuals. Animal identification systems for companion animals facilitate tracking, reunification, and management of medical histories. For example, a report from the National Database of Sheltered Animal Statistics in January 2024 revealed a significant increase in dog and cat adoptions in 2023 compared to previous years. This trend highlights a growing market for animal identification systems.

Leading companies in the animal identification systems market are concentrating on developing advanced solutions, such as machine learning algorithms, to enhance early and accurate illness detection. Machine learning algorithms in animal identification systems enable precise and automated identification and tracking of animals based on biometric data patterns and behavioral analysis. For instance, Merck Animal Health launched SenseHub Feedlot in February 2022, featuring an electronic ear tag equipped with machine-learning capabilities to detect illnesses in cattle earlier and more accurately than traditional methods. This technology monitors biometric and behavioral data, such as body temperature and activity levels, to identify health issues, reducing mortality and labor by enabling timely treatment of diseases such as bovine respiratory disease (BRD).

In May 2023, Datamars Inc. acquired Kippy S.r.l. to bolster its pet tracking and monitoring capabilities, expand its global presence, and align with its mission of providing valuable solutions for pets and their owners. Kippy S.r.l. specializes in GPS trackers and activity monitoring solutions for pets, contributing to Datamars' growth 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.

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.

The countries covered in the animal identification systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Animal identification systems encompass technologies and methods aimed at uniquely identifying and tracking animals, primarily for purposes such as health monitoring, disease control, and traceability. These systems commonly employ tags, microchips, or biometric markers to maintain precise records of individual animals. Effective animal identification improves management practices, ensures food safety, and facilitates regulatory compliance in livestock production.

The key components of animal identification systems include hardware, services, and software. Hardware in animal identification systems comprises physical components used for animal identification and tracking, such as RFID tags, microchips, and scanners. These devices enable efficient management and monitoring of animal populations. The identification procedures encompass wearables, microchipping, ear notching, tattooing, and other methods, catering to applications such as livestock, endangered animals, pets, lab animals, and fish.

The animal identification systems research report is one of a series of new reports that provides animal identification systems market statistics, including the animal identification systems industry's global market size, regional shares, competitors with an animal identification systems market share, detailed animal identification systems market segments, market trends and opportunities, and any further data you may need to thrive in the animal identification systems industry. This animal identification systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The animal identification systems market consists of revenues earned by entities by providing services such as tagging, microchipping, biometric identification, data management, and tracking systems for livestock, pets, and wildlife. The market value includes the value of related goods sold by the service provider or included within the service offering. The animal identification systems market also includes sales of ear tags, collars, GPS trackers, barcode scanners, and software solutions for data analysis and management. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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