Agricultural insurance protects against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater investment in crops. However, in practice its effectiveness has often been constrained by the difficulty of designing good products and by demand constraints.
This report aims to provide a comprehensive presentation of the global market for Agricultural Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Agricultural Insurance. This report contains market size and forecasts of Agricultural Insurance in global, including the following market information:
- Global Agricultural Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global top five companies in 2022 (%)
The global Agricultural Insurance market was valued at US$ 49130 million in 2022 and is projected to reach US$ 69470 million by 2029, at a CAGR of 5.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Agricultural Insurance key players include PICC, Zurich, Chubb, Sompo, QBE, etc. Global top five manufacturers hold a share about 35%.
Asia-Pacific is the largest market, with a share about 45%, followed by North America and Europe, both have a share about 50 percent.
In terms of product, Crop/MPCI is the largest segment, with a share about 75%. And in terms of application, the largest application is Agencies, followed by Brokers.
We surveyed the Agricultural Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Agricultural Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Agricultural Insurance Market Segment Percentages, by Type, 2022 (%)
- Crop/MPCI
- Crop/Hail
- Livestock
- Others
Global Agricultural Insurance Market, by Distribution Channel, 2018-2023, 2024-2029 ($ millions)
Global Agricultural Insurance Market Segment Percentages, by Distribution Channel, 2022 (%)
- Bancassurance
- Digital & Direct Channel
- Broker
- Agency
Global Agricultural Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Agricultural Insurance Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Agricultural Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Agricultural Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- PICC
- Zurich
- Chubb
- Sompo
- QBE
- China United Property Insurance
- Agriculture Insurance Company of India
- AXA
- American Financial Group
- Everest Re Group
- Tokio Marine
- Prudential
- AIG
- Farmers Mutual Hail
- New India Assurance
- SCOR
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Agricultural Insurance, market overview.
- Chapter 2: Global Agricultural Insurance market size in revenue.
- Chapter 3: Detailed analysis of Agricultural Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by distribution channel, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Agricultural Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
