With the emergence and long-term Impact of COVID-19, Global Animal Identification Market to reach USD 7.92 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Animal Identification Market points towards a potential rise to USD 7.92 Billion by 2030. The animal identification industry refers to the industry focused on providing various methods and technologies for identifying and tracking animals. This includes the use of devices such as RFID tags, ear tags, tattoos, and microchips, as well as advanced data analytics solutions. These identification methods are crucial for managing and monitoring livestock, pets, and wildlife, enabling better traceability, disease control, breeding programs, and overall animal welfare. The Animal Identification Market is being driven by factors such as Growing Animal Population & Adoption and increasing consumption of dairy products and meat.
Geographically, the global Animal Identification market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the availability of advanced technology in animal tagging and identification, increasing pet and animal health care expenditure in the region. Asia Pacific is considered the fastest growing region during the forecasted period due to increasing measures of animal health care and increasing program related to animal health care and disease control in the region.
The global Animal Identification market is highly competitive owing to the presence of several key players such as Merck & Co., Inc. Avid Identification Systems, Inc. Datamars S.A HID Global Corp., Part of ASSA ABLOY Shearwell Data Limited AEG Identifikationssysteme GmbH Avery Dennison Corp. GAO RFID Inc. Fitbark Inc. RFID, Inc., and others.
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Key findings of the study suggest:
- Global Animal Identification Market is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2023-2030.
- In the Animal Type segment, Livestock Animals emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the availability of advanced technology in animal tagging and identification, increasing pet and animal health care expenditure in the region.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Animal Type:
- Companion Animals
- Livestock Animals
- Other Animals
By Solution:
- Hardware
- Software
- Service
By Usage:
- Permanent
- Non-Permanent
By Procedure:
- Wearables
- Microchipping
- Ear Notching
- Tattooing
- Other Methods
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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