Global Agricultural Insurance Market Growth (Status and Outlook) 2023-2029

Global Agricultural Insurance Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Agricultural Insurance Industry Forecast” looks at past sales and reviews total world Agricultural Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Agricultural Insurance sales for 2023 through 2029. With Agricultural Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agricultural Insurance industry.

This Insight Report provides a comprehensive analysis of the global Agricultural Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agricultural Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Agricultural Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agricultural Insurance and breaks down the forecast by type, by distribution channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agricultural Insurance.

The global Agricultural Insurance market size is projected to grow from US$ 46710 million in 2022 to US$ 67940 million in 2029; it is expected to grow at a CAGR of 5.5% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Agricultural Insurance market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Crop/MPCI
Crop/Hail
Livestock
Others

Segmentation by distribution channel
Bancassurance
Digital & Direct Channel
Broker
Agency

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.