The global demand for Livestock Insurance Market is presumed to reach the market size of nearly USD 16.12 BN by 2030 from USD 6.23 BN in 2022 with a CAGR of 11.14% under the study period 2023 - 2030.
Livestock insurance provides cover in case of the death of cows, sheep, and other livestock animals. Livestock insurance usually covers death due to disease or accidents, which include natural calamities and fatal injuries caused by other animals. Livestock is the animals raised in an agricultural setting to provide commodities such as meat, milk, eggs, fur, leather, and wool. A farm that deals in these commodities consider livestock as an asset. And like any other business, farms insure their assets.
The surge in the number of diseases in livestock animals has led to a demand for livestock insurance. Livestock insurance covers death and medical expenses and provides liability coverage, i.e., if the livestock accidentally damages other people's property or causes bodily injury. Various government initiatives and subsidies are provided to livestock owners for insurance. This increases the demand for livestock insurance and increases the farmer's income. The livestock insurance market is expected to grow as the government offers more subsidies yearly. However, one significant drawback faced by the livestock insurance market is the high rate of premium which restricts small farmers from purchasing livestock insurance.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of livestock insurance. The growth and trends of livestock insurance industry provide a holistic approach to this study.
This section of the livestock insurance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
By Distribution Channel
By End User
This section covers the regional outlook, which accentuates current and future demand for the Livestock Insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the livestock insurance market include AXA XL, Farm Bureau Financial Services, Future Generali India Insurance Company Ltd., GramCover, HDFC ERGO, HUB International Limited, Howden Insurance & Reinsurance Brokers (Phil.) Inc., ICICI Lombard General Insurance Company Limited, Lloyd's, Liberty, Nationwide, Rural Mutual Insurance Company, Stockguard Inc., Shelter Insurance, The Hartford, The Accel Group, The Bath State Bank. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . LIVESTOCK INSURANCE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Distribution Channel
3.7.4 Market Attractiveness Analysis By End User
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
6 . GLOBAL LIVESTOCK INSURANCE MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Commercial Mortality Insurance Historic and Forecast Sales by Regions
6.5 Non-commercial Mortality Insurance Historic and Forecast Sales by Regions
7 . GLOBAL LIVESTOCK INSURANCE MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Dairy Historic and Forecast Sales by Regions
7.5 Cattle Historic and Forecast Sales by Regions
7.6 Sw ...