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

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

Insurers provide the food and beverage industry with coverage against product liability and product recall. It is crucial the insurance industry remains informed and updated on the changing risk profile of the food we consume.

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

This Insight Report provides a comprehensive analysis of the global Food and Beverage 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 Food and Beverage Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Food and Beverage Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food and Beverage Insurance and breaks down the forecast by type, by application, 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 Food and Beverage Insurance.

The global Food and Beverage Insurance market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Food and Beverage Insurance is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Food and Beverage Insurance is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Food and Beverage Insurance is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Food and Beverage Insurance players cover AXA, Allianz, Marsh, Sompo Holdings, Liberty Mutual Insurance Group, Zurich, Chubb, AIG and Aviva, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
Baked Goods
Beer, Wine, And Spirits
Cheese Products
Coffee, Tea, And Other Drinks
Frozen Foods
Ice Cream and Frozen Desserts
Meats, Fish, And Poultry
Pet Food
Others

Segmentation by application
Food Product Recall/Testing
Manufacturer’s Errors and Omissions
Spoilage in Transit
Packaging
Others

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.
AXA
Allianz
Marsh
Sompo Holdings
Liberty Mutual Insurance Group
Zurich
Chubb
AIG
Aviva
Lonpac Insurance Bhd
Whitbread
Sheridan Insurances Ltd
Red Asia Insurance Agency Ltd
China Taiping Insurance Group Ltd
Aon-COFCO Insurance Brokers Co., Ltd

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