UK Livestock Insurance Market Size & Outlook, 2023-2030
UK livestock insurance market, 2018-2030 (US$M)
Related Markets
UK livestock insurance market highlights
- The UK livestock insurance market generated a revenue of USD 176.5 million in 2023 and is expected to reach USD 320.9 million by 2030.
- The UK market is expected to grow at a CAGR of 8.9% 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.
Livestock insurance market data book summary
| Market revenue in 2023 | USD 176.5 million |
| Market revenue in 2030 | USD 320.9 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Bovine |
| Fastest growing segment | Other Animals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 4.2% of the global livestock insurance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany livestock insurance market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 21.9 million by 2030.
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Livestock Insurance Market Scope
Livestock Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 37% in 2023. Horizon Databook has segmented the UK livestock insurance market based on bovine, swine, sheep & goats, poultry, other animals covering the revenue growth of each sub-segment from 2018 to 2030.
- UK Livestock Insurance Animal Type Outlook (Revenue, USD Million, 2018-2030)
- Companion Animals
- Production Animals
- Bovine
- Swine
- Sheep & Goats
- Poultry
- Other Animals
- Equine
- Ovine & Caprine
- UK Livestock Insurance Coverage Type Outlook (Revenue, USD Million, 2018-2030)
- Accident & Illness
- Accident only
- Others
- Mortality
- Revenue
- Other Coverage
- UK Livestock Insurance Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Agency
- Broker
- Direct
- Bancassurance
- Others
- Agency/ Broker
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Target buyers of UK 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 country-level data and insights on the UK livestock insurance market , including forecasts for subscribers. This country databook contains high-level insights into UK livestock insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK livestock insurance market size, by animal type, 2018-2030 (US$M)
UK Livestock Insurance Market Outlook Share, 2023 & 2030 (US$M)
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