Latin America Livestock Insurance Market Size & Outlook
Latin America livestock insurance market, 2018-2030 (US$M)
Related Markets
Latin America livestock insurance market highlights
- The Latin America livestock insurance market generated a revenue of USD 351.5 million in 2023.
- The market is expected to grow at a CAGR of 9.2% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 351.5 million |
| Market revenue in 2030 | USD 650.3 million |
| Growth rate | 9.2% (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, Latin America region accounted for 8.3% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 38.41% in 2023. Horizon Databook has segmented the Latin America livestock insurance market based on bovine, swine, sheep & goats, poultry, other animals covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Livestock Insurance Animal Type Outlook (Revenue, USD Million, 2018-2030)
- Companion Animals
- Production Animals
- Bovine
- Swine
- Sheep & Goats
- Poultry
- Other Animals
- Equine
- Ovine & Caprine
- Latin America Livestock Insurance Coverage Type Outlook (Revenue, USD Million, 2018-2030)
- Accident & Illness
- Accident only
- Others
- Mortality
- Revenue
- Other Coverage
- Latin America Livestock Insurance Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Agency
- Broker
- Direct
- Bancassurance
- Others
- Agency/ Broker
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Target buyers of Latin America livestock insurance market databook
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Our clientele includes a mix of livestock insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America livestock insurance market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America livestock insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America livestock insurance market
Latin America Livestock Insurance Market Outlook Share, 2023 & 2030 (US$M)
Latin America livestock insurance market
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