Animal Identification Market to Grow with a CAGR of 9.11% through 2028
Increasing food demand, regulatory pressures, and
disease management are expected to drive the Global Animal Identification Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “Animal
Identification Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Animal Identification Market
stood at USD 3.77 billion in 2022 and is anticipated to grow with a CAGR of 9.11%
in the forecast period, 2024-2028. This can be attributed to environmental and
animal welfare concerns. There is a growing emphasis on ethical animal
treatment and environmental sustainability in agriculture. Proper identification
and monitoring of animals can help ensure their welfare and reduce
environmental impacts by optimizing feed, water, and medication usage. As
consumers become more conscious of these issues, the demand for sustainably
produced animal products is increasing, further driving the adoption of
identification technologies.
Furthermore, user-friendly mobile applications and
cloud-based platforms are making it easier for farmers to manage their animal
identification data. These solutions provide real-time access to information,
remote monitoring capabilities, and simplified data management, ensuring that
even small-scale farmers can benefit from these technologies.
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Identification Market.”
The global COVID-19 outbreak, particularly in 2020,
brought about significant transformations in the animal healthcare industry due
to widespread lockdowns at national and state levels and disruptions in the
supply chain. A prominent player in the market, Allflex (Merck Animal Health),
acknowledged that the pandemic had an impact on the sales of animal
identification tags, as seen in various other industries. This was primarily
due to challenges like port congestion, delays in logistics and freight, and
the occurrence of quarantine and COVID-related illnesses among the company's
workforces. The company reported that during the pandemic, sales of certain
segments of its product portfolio, particularly printed animal tags, were
postponed.
On the flip side, the pandemic led to a surge in pet
adoption rates, resulting in a substantial increase in demand for pet care
products, which had a positive effect on the market in 2021. Many ranchers and
farmers also embraced the practice of tracking individual livestock to identify
and capitalize on desirable production attributes like
"hormone-free," "grass-fed," and "organic." This
allowed them to command higher prices in retail markets. To support this trend,
the USDA introduced the 'Agricultural Marketing Service' verification program,
which provides "Process Verified" labels to livestock suppliers. This
voluntary program, available for a fee, allows farmers to make claims such as
breed labels, thereby expanding their opportunities in the domestic market.
Moreover, animal identification systems play a crucial
role in controlling the spread of foodborne illnesses by tracing products back
to their point of origin, aiding authorities in preventing future outbreaks.
Additionally, tagging livestock, companion animals, wild animals, and
laboratory animals offers various advantages, including record-keeping for
owners, facilitating selection of replacement stock prior to breeding seasons,
monitoring behavior and movement, establishing ownership, meeting insurance claim
requirements, and managing or studying laboratory animals for research
purposes.
The Global Animal Identification Market is segmented
into animal type, solution, usage, procedure, regional distribution, and
company.
Based on its usage, the non-permanent category was the
dominant player in the animal ID system market in 2022. This segment includes
widely used identification methods such as RFID ear or body tags, GPS-based
wearables, visual tags, paints, and temporary branding, among others. These
non-permanent solutions are highly regarded for their reliability, reusability,
and flexibility when it comes to tagging animals, particularly livestock. For
instance, RFID tags offer a straightforward and efficient means of tracking
crucial information like breeding history and medical records for each animal,
while also deterring poaching. It's anticipated that the non-permanent segment
will continue to grow at the fastest rate during the forecast period.
This growth is driven by ongoing technological
advancements and government regulations concerning RFID tag systems.
Simultaneously, the permanent usage segment is also experiencing noteworthy
expansion, primarily due to the increased adoption of microchips for companion
and wild animals. For instance, every European Union member country mandates
the compulsory implantation of pet microchips before shipping or traveling due
to its significant importance. Similarly, the Indian government recommends the
use of ISO-compatible microchips before relocating or transporting companion
animals within the country.
Based on procedure, the wearable category took the
lead in the market in terms of procedures. Recent advancements in wearable
technologies have allowed for the customization of identification devices
tailored to the specific needs of individual animals, whether they are
livestock, pets, wild animals, or laboratory species. These tags, which
incorporate GPS or RFID technology, enable animal owners to remotely track and
record animal activities and locations through the Internet of Things (IoT)
capabilities. Additionally, sensor-based collars equipped with wearables are
gaining popularity in the companion animal sector due to the growing demand and
increased awareness of their benefits among pet owners. The combination of
these wearable devices with mobile applications has further simplified the
process of remote animal identification.
Conversely, the microchip procedure segment is
expected to experience the most rapid CAGR during the forecast period. This
growth can be attributed to the expanding use of microchip technology to
provide permanent identification for animals to meet lifetime requirements. A
registered microchip ID system offers animal owners access to up-to-date
contact information in the recovery database for implanted animals. Other
procedures, such as notching, branding, and tattooing, are still commonly used
in developing countries like India, China, and Brazil to provide temporary or
permanent markings for their animals.
Major companies operating in Global Animal
Identification Market are:
- Merck & Co Inc
- Avid Identification Systems Inc
- Datamars SA
- HID Global Corp
- SHEARWELL DATA LIMITED
- Avery Dennison Corp
- GAO RFID Inc
- RFID Inc
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“The Global Animal Identification Market is poised for
significant advancements and growth in the coming years. The trends, including
blockchain integration, biometric identification, precision livestock farming,
data analytics, standardization, animal welfare, sustainability, and
user-friendly solutions, are shaping the future of the industry. As technology
continues to evolve and consumer demands for transparency and sustainability
grow, stakeholders in the animal identification market must adapt to these
emerging trends to stay competitive and meet the evolving needs of the global
agriculture and livestock sectors,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“Animal Identification Market By
Animal Type (Companion Animals, Livestock Animals,
Others), By Solution (Hardware (Electronics, Visual, Applicators &
Consumables), Software, Services), By Usage (Permanent, Non- Permanent), By
Procedure (Wearables, Microchipping, Ear Notching, Tattooing, Others), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Animal Identification Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Animal
Identification Market.
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