Market Overview:
The global livestock agricultural insurance market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for livestock agricultural insurance due to the increase in number of natural and non-natural disasters across the globe. Livestock agricultural insurance protects farmers against losses incurred due to natural or man-made disasters such as fire, storm, flood, theft, and others. It also covers loss of revenue owing to animal mortality caused by accidents or diseases. The global livestock agricultural insurance market is segmented on the basis of type into natural disaster and non-natural disaster. The natural disaster segment is further sub-segmented into fire, storm, flood, earthquake and others while the non-natural disaster segment is further sub-segmented into theft, accident and disease outbreaks. On the basis of application, poultry farming dominates the global livestock agricultural insurance market followed by cattle farming and aquaculture farming respectively.
Product Definition:
Livestock Agricultural Insurance is a type of insurance that helps farmers protect their livestock from losses caused by certain risks, such as illness or death. The importance of Livestock Agricultural Insurance is that it helps farmers protect their livelihood and ensure that they can continue to produce food for the world.
Natural Disaster:
Natural disaster is an act of God, Mother Nature or forces of nature which causes loss or damage to livestock and crops due to natural calamities such as floods, earthquakes, hurricanes and drought. Natural disasters are not covered under standard crop insurance policies.
Non-natural Disaster:
Non-natural disaster is any event or series of events which are not caused by nature and therefore, should not be covered under normal livestock insurance. These include acts committed by humans such as terrorism, sabotage, poisoning etc. Natural disasters include cyclones, tornadoes hurricanes and earthquakes among others whereas non-natural disasters comprise of epidemics & disease outbreaks amongst animals as well as crop damage due to pests & vermin.
Application Insights:
Poultry was the largest application segment in the global livestock agricultural insurance market and accounted for a revenue share of over 40.0% in 2017. The segment is expected to witness significant growth on account of rising demand for broilers and layers coupled with high production costs leading to increased focus on risk mitigation among farmers.
The growing importance of meat consumption owing to increasing disposable income levels coupled with changing lifestyles has led consumers towards embracing new food habits including red meats such as beef and lamb, which is anticipated to propel industry expansion over the forecast period. Livestock farming contributes significantly towards greenhouse gas (GHG) emissions due largely to feed consumed by animals such as cattle, pigs etc.
Regional Analysis:
Asia Pacific dominated the global livestock agricultural insurance market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing awareness among farmers about their insurance needs and availability of policies that cater to different risks, such as natural disasters and economic losses due to epidemics or disease outbreaks. Asia Pacific has been witnessing rapid urbanization along with growing population, which has resulted in increased demand for food products at a cheaper rate from developing economies including China and India.
The European market was valued at USD X billion in 2017 owing to high animal ownership across countries including Germany, France, Italy and Spain on account of favorable climatic conditions for farming activities coupled with government initiatives aimed at increasing farm income through various programs & schemes implemented by regional governments are some factors anticipated favorably impact growth over the next eight years (2030).
Growth Factors:
- Increasing demand for meat and dairy products due to population growth and changing dietary preferences.
- Rising incomes in developing countries, which leads to increased demand for livestock products.
- Rapid expansion of the middle class in emerging markets, who are increasingly able to afford high-quality meat and dairy products.
- Technological advancements that improve livestock production efficiency and lower costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Livestock Agricultural Insurance Market Research Report
By Type
Natural Disaster, Non-natural Disaster
By Application
Poultry, Livestock, Aquaculture, Other
By Companies
PICC, Zurich (RCIS), Chubb, QBE, China United Property Insurance, American Financial Group, Prudential, XL Catlin, Everest Re Group, Sompo International (Endurance Specialty), CUNA Mutual, Agriculture Insurance Company of India, Tokio Marine, CGB Diversified Services, Farmers Mutual Hail, Archer Daniels Midland, New India Assurance, ICICI Lombard
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Livestock Agricultural Insurance Market Report Segments:
The global Livestock Agricultural Insurance market is segmented on the basis of:
Types
Natural Disaster, Non-natural Disaster
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Poultry, Livestock, Aquaculture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PICC
- Zurich (RCIS)
- Chubb
- QBE
- China United Property Insurance
- American Financial Group
- Prudential
- XL Catlin
- Everest Re Group
- Sompo International (Endurance Specialty)
- CUNA Mutual
- Agriculture Insurance Company of India
- Tokio Marine
- CGB Diversified Services
- Farmers Mutual Hail
- Archer Daniels Midland
- New India Assurance
- ICICI Lombard
Highlights of The Livestock Agricultural Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Disaster
- Non-natural Disaster
- By Application:
- Poultry
- Livestock
- Aquaculture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Livestock Agricultural Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Livestock agricultural insurance is a type of insurance that helps farmers and ranchers protect their livestock from financial losses caused by natural disasters, such as floods, hurricanes, or tornadoes. The policy typically covers the cost of veterinary care and replacement animals if a farmer's livestock are lost or damaged in the event.
Some of the key players operating in the livestock agricultural insurance market are PICC, Zurich (RCIS), Chubb, QBE, China United Property Insurance, American Financial Group, Prudential, XL Catlin, Everest Re Group, Sompo International (Endurance Specialty), CUNA Mutual, Agriculture Insurance Company of India, Tokio Marine, CGB Diversified Services, Farmers Mutual Hail, Archer Daniels Midland, New India Assurance, ICICI Lombard.
The livestock agricultural insurance market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Livestock Agricultural Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Livestock Agricultural Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Livestock Agricultural Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Livestock Agricultural Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Livestock Agricultural Insurance Market Size & Forecast, 2018-2028
4.5.1 Livestock Agricultural Insurance Market Size and Y-o-Y Growth
4.5.2 Livestock Agricultural Insurance Market Absolute $ Opportunity
Chapter 5 Global Livestock Agricultural Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Livestock Agricultural Insurance Market Size Forecast by Type
5.2.1 Natural Disaster
5.2.2 Non-natural Disaster
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Livestock Agricultural Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Livestock Agricultural Insurance Market Size Forecast by Applications
6.2.1 Poultry
6.2.2 Livestock
6.2.3 Aquaculture
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Livestock Agricultural Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Livestock Agricultural Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Livestock Agricultural Insurance Analysis and Forecast
9.1 Introduction
9.2 North America Livestock Agricultural Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Livestock Agricultural Insurance Market Size Forecast by Type
9.6.1 Natural Disaster
9.6.2 Non-natural Disaster
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Livestock Agricultural Insurance Market Size Forecast by Applications
9.10.1 Poultry
9.10.2 Livestock
9.10.3 Aquaculture
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Livestock Agricultural Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe Livestock Agricultural Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Livestock Agricultural Insurance Market Size Forecast by Type
10.6.1 Natural Disaster
10.6.2 Non-natural Disaster
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Livestock Agricultural Insurance Market Size Forecast by Applications
10.10.1 Poultry
10.10.2 Livestock
10.10.3 Aquaculture
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Livestock Agricultural Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Livestock Agricultural Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Livestock Agricultural Insurance Market Size Forecast by Type
11.6.1 Natural Disaster
11.6.2 Non-natural Disaster
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Livestock Agricultural Insurance Market Size Forecast by Applications
11.10.1 Poultry
11.10.2 Livestock
11.10.3 Aquaculture
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Livestock Agricultural Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America Livestock Agricultural Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Livestock Agricultural Insurance Market Size Forecast by Type
12.6.1 Natural Disaster
12.6.2 Non-natural Disaster
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Livestock Agricultural Insurance Market Size Forecast by Applications
12.10.1 Poultry
12.10.2 Livestock
12.10.3 Aquaculture
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Livestock Agricultural Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Livestock Agricultural Insurance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Livestock Agricultural Insurance Market Size Forecast by Type
13.6.1 Natural Disaster
13.6.2 Non-natural Disaster
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Livestock Agricultural Insurance Market Size Forecast by Applications
13.10.1 Poultry
13.10.2 Livestock
13.10.3 Aquaculture
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Livestock Agricultural Insurance Market: Competitive Dashboard
14.2 Global Livestock Agricultural Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PICC
14.3.2 Zurich (RCIS)
14.3.3 Chubb
14.3.4 QBE
14.3.5 China United Property Insurance
14.3.6 American Financial Group
14.3.7 Prudential
14.3.8 XL Catlin
14.3.9 Everest Re Group
14.3.10 Sompo International (Endurance Specialty)
14.3.11 CUNA Mutual
14.3.12 Agriculture Insurance Company of India
14.3.13 Tokio Marine
14.3.14 CGB Diversified Services
14.3.15 Farmers Mutual Hail
14.3.16 Archer Daniels Midland
14.3.17 New India Assurance
14.3.18 ICICI Lombard
