Press release
Livestock Insurance Market Size to Reach USD 12.9 Billion by 2030 Driven by Rising demand for animal-derived protein
Livestock Insurance Market Size & Trends | Mordor Intelligence
Overview of the Livestock Insurance Market
The livestock insurance market reached USD 9.1 billion in 2025 and is forecast to climb to USD 12.9 billion by 2030, reflecting a 7.17% CAGR. The Livestock Insurance Market size is particularly significant in the Asia-Pacific region, which accounts for the largest share due to extensive livestock populations and growing commercial farming operations.
The Livestock Insurance Market share is influenced by factors such as technological adoption, policy accessibility, and integration of digital and parametric insurance platforms.
Report Overview: https://www.mordorintelligence.com/industry-reports/livestock-insurance-market?utm_source=openpr
Key Trends in the Livestock Insurance Market
1. Digital and Mobile Insurance Platforms
Rapid digital adoption allows farmers to access micro-insurance via mobile apps, enhancing policy management, simplifying claims, and increasing insurance accessibility in remote and underserved farming areas.
2. Parametric Covers and IoT Integration
Satellite data, sensors, and IoT devices enable precise livestock risk assessment, support faster claim settlements, accurate premium pricing, and enhance monitoring of animal health and environmental conditions.
3. Climate-Linked Insurance Products
Extreme weather and disease outbreaks drive multi-trigger policies covering heat, flood, and disease, providing comprehensive livestock protection against both environmental and biological risks.
4. Government Support and Embedded Insurance Models
Subsidized premiums, co-financed programs, and embedded insurance in loans or supply chains boost adoption, offering farmers affordable, seamless risk protection and expanding coverage for small and medium producers.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/livestock-insurance-market?utm_source=openpr
Market Segmentation of the Livestock Insurance Market
By Type:
Commercial Mortality
Non-Commercial Mortality
By Application:
Dairy
Cattle
Swine
Poultry
Aquaculture
By Distribution Channel:
Direct-to-Consumer (DTC)
Intermediated
Embedded
By Geography:
North America:
United States
Canada
Mexico
South America:
Brazil
Peru
Chile
Argentina
Rest of South America
Europe:
Germany
United Kingdom
France
Italy
Spain
BENELUX (Belgium, Netherlands, Luxembourg)
Nordics (Sweden, Norway, Denmark, Finland)
Rest of Europe
Asia-Pacific:
China
India
Japan
South Korea
Australia
South East Asia
Indonesia
Rest of Asia-Pacific
Middle East & Africa:
United Arab Emirates
Saudi Arabia
South Africa
Nigeria
Rest of Middle East and Africa
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Key Players in the Livestock Insurance Market
AXA SA: A global insurance company offering comprehensive livestock insurance solutions, focusing on risk management and protection for commercial and small-scale farms.
Allianz SE: Provides livestock insurance products across multiple regions, leveraging technology and data analytics to improve coverage and claims efficiency.
Zurich Insurance Group: Offers tailored livestock insurance policies, including mortality and disease coverage, for both commercial and non-commercial livestock owners.
Nationwide Mutual Insurance Company: Delivers livestock insurance through direct and intermediated channels, supporting farmers with reliable risk protection solutions.
ICICI Lombard General Insurance Co.: An Indian insurer providing livestock insurance with government-backed schemes and micro-insurance solutions for small and medium farmers.
Explore more insights on livestock insurance market competitive landscape: https://www.mordorintelligence.com/industry-reports/livestock-insurance-market/companies?utm_source=openpr
Conclusion
The Livestock Insurance Market is poised for steady growth, driven by rising demand for animal-derived protein, increasing climate risks, and supportive government policies. Overall, the Livestock Insurance Market trends demonstrate an industry moving toward more reliable, inclusive, and efficient coverage, supporting growth in global livestock production while addressing challenges posed by environmental and biological risks.
Get the latest industry insights on livestock insurance market: https://www.mordorintelligence.com/industry-reports/livestock-insurance-market?utm_source=openpr
Industry Related Reports:
Asia-Pacific Livestock Insurance Market
The Asia-Pacific Livestock Insurance Market is projected to grow from USD 2.49 billion in 2025 to USD 3.62 billion by 2030, at a CAGR of 7.76%. Growth is driven by rising livestock populations, increasing awareness of risk protection, and supportive government programs promoting insurance adoption across commercial and small-scale farms.
Get more insights: https://www.mordorintelligence.com/industry-reports/asia-pacific-livestock-insurance-industry-market?utm_source=openpr
Global Pet Insurance Market
The Global Pet Insurance Market is expected to grow from USD 15.81 billion in 2025 to USD 25.97 billion by 2030, at a CAGR of 10.44%. Growth is driven by rising pet ownership, increasing veterinary care costs, and growing awareness of pet health coverage, along with the adoption of digital platforms for policy management and claims.
Get more insights: https://www.mordorintelligence.com/industry-reports/pet-insurance-market?utm_source=openpr
Global Specialty Insurance Market
The Global Specialty Insurance Market is projected to grow from USD 134.6 billion in 2025 to USD 215.8 billion by 2030, at a CAGR of 9.89%. Growth is driven by rising demand for customized risk coverage across industries and increasing adoption of digital solutions for policy management and claims processing.
Get more insights: https://www.mordorintelligence.com/industry-reports/specialty-insurance-market?utm_source=openpr
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
Mordor Intelligence, 11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli, Hyderabad, Telangana - 500032, India.
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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