Poultry insurance sees growth from diet changes

 

High costs, especially for large-scale operations, still pose a challenge.

The global poultry insurance market is expected to grow at a compound annual growth rate (CAGR) of 7.90% from 2024 to 2030, according to HTF Market Intelligence. 

Poultry insurance is designed to protect farmers against financial losses from risks such as disease outbreaks, natural disasters, theft, and accidents. It typically covers poultry such as chickens, turkeys, ducks, and other birds raised for meat, eggs, or breeding.

The growing global demand for poultry products, fueled by population growth and changing diets, is expanding the poultry farming industry and the need for insurance solutions. 

Emerging markets offer insurers opportunities to provide affordable coverage for small and mid-sized farmers. However, high costs, especially for large-scale operations, pose a challenge for the broader adoption of comprehensive policies.