Europe Livestock Insurance Market Size & Outlook
The livestock insurance market in Europe is expected to reach a projected revenue of US$ 1,683.6 million by 2030. A compound annual growth rate of 8.5% is expected of Europe livestock insurance market from 2024 to 2030.
Revenue, 2023 (US$M)
$948.4
Forecast, 2030 (US$M)
$1,683.6
CAGR, 2024 - 2030
8.5%
Report Coverage
Europe
Europe livestock insurance market, 2018-2030 (US$M)
Related Markets
Europe livestock insurance market highlights
- The Europe livestock insurance market generated a revenue of USD 948.4 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, bovine was the largest revenue generating animal type in 2023.
- Other Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 948.4 million |
| Market revenue in 2030 | USD 1,683.6 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Bovine |
| Fastest growing segment | Other Animals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bovine, Swine, Sheep & Goats, Poultry, Other Animals |
| Key market players worldwide | AXA SA, HDFC Bank Ltd ADR, Tokio Marine Holdings Inc, The Hartford Financial Services Group Inc, Reliance Global Group Inc, ICICI Lombard General Insurance, Nationwide Mutual Insurance, Sunderland Marine, Royal Sundaram General Insurance Co. Limited |
Other key industry trends
- In terms of revenue, Europe region accounted for 22.3% of the global livestock insurance market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 650.3 million by 2030.
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Livestock Insurance Market Scope
Livestock insurance market segmentation & scope
Companion Animals
Production Animals
Equine
Ovine & Caprine
Livestock Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe livestock insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to livestock insurance market will help companies and investors design strategic landscapes.
Bovine was the largest segment with a revenue share of 38% in 2023. Horizon Databook has segmented the Europe livestock insurance market based on bovine, swine, sheep & goats, poultry, other animals covering the revenue growth of each sub-segment from 2018 to 2030.
- Europe Livestock Insurance Animal Type Outlook (Revenue, USD Million, 2018-2030)
- Companion Animals
- Production Animals
- Bovine
- Swine
- Sheep & Goats
- Poultry
- Other Animals
- Equine
- Ovine & Caprine
- Europe Livestock Insurance Coverage Type Outlook (Revenue, USD Million, 2018-2030)
- Accident & Illness
- Accident only
- Others
- Mortality
- Revenue
- Other Coverage
- Europe Livestock Insurance Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Agency
- Broker
- Direct
- Bancassurance
- Others
- Agency/ Broker
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Our clientele includes a mix of livestock insurance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe livestock insurance market , including forecasts for subscribers. This continent databook contains high-level insights into Europe livestock insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe livestock insurance market
Europe Livestock Insurance Market Outlook Share, 2023 & 2030 (US$M)
Europe livestock insurance market
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