About Poultry Insurance
Poultry insurance is comprehensive coverage that provides indemnity against the death of birds due to accidents (including fire, flood, cyclone/ storm/ tempest/, lightning, earthquake, strike, riot, the act of terrorism) or diseases contracted or occurring during the period of insurance subject to the exclusions. This insurance gives the farmer the peace of mind to invest in the poultry business without the fear of total loss. The growing poultry farming across the US is the key driver propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the presence of several prominent vendors. These players are adopting some organic and inorganic strategies such as a merger, acquisition, partnership, and policy launches in order to gain a competitive advantage. The players are offering low price premiums in order to attract the target audience. There are several players that are also expected to enter into poultry insurance sector during the upcoming years. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Poultry Insurance market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nationwide (United States), Zurich (Switzerland), Chubb (United States), American Financial Group (United States), Prudential (United States), CUNA Mutual (United States), Farmers Mutual Hail (United States), The Hartford (United States) and AXA (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Poultry Insurance market by Type (Non-Commercial Mortality Insurance and Commercial Mortality Insurance), Application (Chicken, Duck, Turkey and Quail) and Region.
On the basis of geography, the market of Poultry Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Poultry Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
A Trend towards Online Policy Purchase
Market Growth Drivers:
The Growing Poultry Industry across the United States, The Rising Unexpected Risks such as Cyclone, Flood, Strike, Earthquake in the Poultry Farming and The Upsurging Demand for Poultry Insurance to Avoid Financial Burdens Caused by Any Events
Restraints:
Lack of Awareness among the Small Famers
Opportunities:
Government Initiatives to Flourish Poultry Business
Key Target Audience
Poultry Insurance Companies, Insurance Brokers/Agents, Regulatory & Government Bodies, Upstream & Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.