PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570953
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570953
Animal Identification Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
The Global Animal Identification Market was valued at USD 3.1 billion and is on track to expand at 9% CAGR from 2024 to 2032. Digitalization and the Internet of Things (IoT) are revolutionizing the management of animal health. There is a rising demand for sophisticated animal identification tags that enable real-time monitoring of behavior, health metrics, and environmental conditions. This surge, amplified by IoT sensors, is propelling the market growth. The European Union's Animal Welfare Strategy, along with various global initiatives, is pushing for stricter animal welfare regulations and certification programs. These efforts guarantee standards for humane treatment, health monitoring, and environmental stewardship.
The overall animal identification industry is categorized based on solution, animal type, application, end-use, and region.
The market is divided into hardware, software, and services based on solution. By the end of 2032, the hardware segment is projected to reach USD 3.1 billion by 2032. Predominantly, animal identification systems rely on hardware and visual tags, with electronics and microchips facilitating automated data capture. This segment growth is spurred by advancements in tagging technologies, regulatory mandates, and heightened adoption in agriculture and companion animal healthcare. Moreover, these systems are embracing innovations like GPS-enabled tags and sensors for real-time tracking and health monitoring.
Segmented by application, the animal identification market includes tracking, breeding and genetics, disease control and surveillance, among others. In 2023, the tracking segment led with a valuation of USD 1.2 billion. Utilizing RFID technology, GPS tracking, and biometric systems, animal identification tags monitor movements and behavior in real-time. By integrating farm management software, users can analyze and visualize data, enhancing decisions on breeding and resource allocation.
North America, in 2023, held a dominant 45.6% share of the global animal identification market and is set for robust growth. North America is at the forefront, rapidly adopting advanced technologies for animal health monitoring. The region's use of IoT devices and data analytics to monitor livestock health metrics positions it for a market boost. Additionally, North American farms are leveraging digital technologies and automation to not only boost productivity but also mitigate environmental impacts, further driving market expansion.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Technological advancements in animal identification tags
- 3.2.1.2 Growing livestock population
- 3.2.1.3 Increased focus on controlling the spread of animal diseases
- 3.2.2 Industry pitfalls and challenges
- 3.2.2.1 Lack of awareness and training among farmers and stakeholders
- 3.2.2.2 Data privacy and security concerns with the adoption of electronic animal identification tags
- 3.2.1 Growth drivers
- 3.3 Growth potential analysis
- 3.4 Technological landscape
- 3.5 Regulatory landscape
- 3.6 Porter's analysis
- 3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Company matrix analysis
- 4.4 Competitive analysis of major market players
- 4.5 Competitive positioning matrix
- 4.6 Strategy outlook matrix
Chapter 5 Market Estimates and Forecast, By Solution Type, 2021-2032 ($ Mn)
- 5.1 Key trends
- 5.2 Hardware
- 5.2.1 Electronic tags
- 5.2.2 Visual tags
- 5.2.3 Applicator and consumables
- 5.3 Software
- 5.4 Services
Chapter 6 Market Estimates and Forecast, By Animal Type, 2021-2032 ($ Mn)
- 6.1 Key trends
- 6.2 Companion animals
- 6.3 Livestock animals
- 6.4 Other animals
Chapter 7 Market Estimates and Forecast, By Application, 2021-2032 ($ Mn)
- 7.1 Key trends
- 7.2 Tracking
- 7.3 Breeding and genetics
- 7.4 Disease control and Surveillance
- 7.5 Other applications
Chapter 8 Market Estimates and Forecast, By End-use, 2021-2032 ($ Mn)
- 8.1 Key trends
- 8.2 Farms
- 8.3 Animal rescue shelter
- 8.4 Other end-users
Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 ($ Mn)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Netherlands
- 9.3.6 Italy
- 9.3.7 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Argentina
- 9.5.3 Mexico
- 9.5.4 Rest of Latin America
- 9.6 Middle East and Africa
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of Middle East and Africa
Chapter 10 Company Profiles
- 10.1 Agri-Inject, Inc.
- 10.2 Biomark Pte Ltd
- 10.3 CAISLEY International GmbH
- 10.4 Ceva Sante Animale
- 10.5 Charles River Laboratories International, Inc.
- 10.6 Datamars
- 10.7 Elanco Animal Health Incorporated (Bayer Animal Health)
- 10.8 ID Tech Solutions Pvt. Ltd.
- 10.9 IDEXX Laboratories Inc.
- 10.10 Kupsan
- 10.11 Luoyang Laipson Information Technology Co., Ltd.
- 10.12 Merck and Co., Inc. (Alflex Group)
- 10.13 Shearwell Data Ltd.
- 10.14 Trovan, Ltd.
- 10.15 Zoetis, Inc.
