Poultry Insurance Market Scope
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.
The Poultry Insurance market study is segmented by Type (Non-Commercial Mortality Insurance and Commercial Mortality Insurance), by Application (Chicken, Duck, Turkey and Quail) and major geographies with country level break-up.
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Poultry Insurance market throughout the predicted period.
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.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Poultry Insurance market by Type, Application 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).
- A Trend towards Online Policy Purchase
- The Growing Poultry Industry across the United States
- The Rising Unexpected Risks such as Cyclone, Flood, Strike, Earthquake in the Poultry Farming
- The Upsurging Demand for Poultry Insurance to Avoid Financial Burdens Caused by Any Events
- Government Initiatives to Flourish Poultry Business
- Lack of Awareness among the Small Famers
Key Target AudiencePoultry Insurance Companies, Insurance Brokers/Agents, Regulatory & Government Bodies, Upstream & Downstream Vendors, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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