Kathmandu. The global livestock insurance market is projected to nearly double in the next 10 years.
Global Market Insights has projected the global livestock insurance market to be $8.5 billion by 2034. This growth is expected to be seen with an average annual growth of 8.5 per cent. In 2024, the global livestock insurance market stood at $4.5 billion.
The Asia Pacific region is leading in global livestock insurance. The sector accounted for 39.7 per cent of the global livestock insurance trade in 2024.
This insurance provides compensation for the financial loss of livestock who have been affected by accidents and diseases. The demand for livestock insurance is increasing in China, India and Australia in the Asia Pacific region.
The demand for livestock insurance is highest in China. The government has also provided this insurance subsidy.
