Global Animal Identification Systems Market Size By Component, By Product Type, By Application, By Geographic Scope And Forecast

Animal Identification Systems Market Size And Forecast

Animal Identification Systems Market size was valued at USD 3.83 Billion in 2024 and is projected to reach USD 6.2 Billion by 2031, growing at a CAGR of 9.50 % during the forecast period 2024-2031.

The Global Animal Identification Systems Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Animal Identification Systems Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Global Animal Identification Systems Market Definition

The process to identify and track specific animals is called animal identification and it is becoming an important management tool to maintain animal health and food safety. Animal identification system solutions include both, products and software, which are used, usually in combination, to improve the effectiveness of the several activities, such as management of disease outbreaks and food safety incidents, vaccination certificates, establishment of Disease Free Zones, animal movement controls, animal health certificates, animal husbandry/breeding chart, application of certain medicaments, food production chain control, herdbook (pedigree and performance), trade and export certificate, feeding stuffs and pesticides at farm level.

Global Animal Identification Systems Market Overview

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

A few of the major contributing factors in the growth of animal identification systems market are maintaining food safety/quality, increase in awareness about the animals' physical and mental fitness, increasing adoption of IoT, and rise in the demand for animal monitoring and technological advancements. Growing adoption of solutions enabling livestock monitoring to enhance the output is also one of the drivers for the market as it impacts international trade, resulting in a higher adoption rate. Moreover, the growth in the adoption of pets has got the owners inclined to such solutions hence boosting the expenditure on the well-being of pets. Additionally, traceability of live domestic animals and of products of animal origin is a legal requirement in many countries, propelling the market growth over the forecast period.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Animal Identification Systems Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Animal Identification Systems Market Segmentation Analysis

The Global Animal Identification Systems Market is segmented On The Basis of Component, Product Type, Application and Geography.

Animal Identification Systems Market, By Component

• Product
• Software

Animal Identification Systems Market, By Product Type

• Integrated Circuits
• RFID Systems
• Biometric ID
• Real-Time Location Systems

Animal Identification Systems Market, By Application

• Livestock
• Endangered Animals
• Pets
• Lab Animals
• Fish

Animal Identification Systems Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Key Players

• AEG ID
• Atmel
• Dalton ID
• Destron Fearing
• EZ-ID
• HID Global
• I.D.ology
• Planet ID
• Syscan ID
• Nedap Agri
• Microsensys
• Hauptner-Herberholz