Global Agricultural Insurance Market Size & Outlook
Global agricultural insurance market, 2021-2033 (US$M)
Global agricultural insurance market highlights
- The global agricultural insurance market generated a revenue of USD 41,468.7 million in 2024 and is expected to reach USD 70,023.9 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 6% by 2033.
- In terms of segment, multi-peril crop insurance (mpci) accounted for a revenue of USD 44,063.8 million in 2024.
- Multi-peril Crop Insurance (MPCI) is the most lucrative product type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
Global data book summary
| Market revenue in 2024 | USD 41,468.7 million |
| Market revenue in 2033 | USD 70,023.9 million |
| Growth rate | 6% (CAGR from 2025 to 2033) |
| Largest segment | Multi-peril crop insurance (mpci) |
| Fastest growing segment | Multi-peril Crop Insurance (MPCI) |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multi-peril Crop Insurance (MPCI) |
Other key industry trends
- In terms of revenue, the North America accounted for 40.7% of the global agricultural insurance market in 2024.
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Agricultural Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Anhua Agricultural Insurance | View profile | 11-50 | Chaoyang, Liaoning, China, Asia | http://ahic.com.cn |
| Sompo International | View profile | 10001+ | Hamilton, Hamilton, Bermuda, North America | https://www.sompo-intl.com/ |
| MAPFRE | View profile | 10001+ | Madrid, Madrid, Spain, Europe | https://www.mapfre.com |
| Munich Re | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.munichre.com |
| HDFC ERGO General Insurance Company Limited | View profile | 5001-10000 | Mumbai, Maharashtra, India, Asia | http://www.hdfcergo.com/ |
| Zurich Insurance Company | View profile | 501-1000 | Cologne, Nordrhein-Westfalen, Germany, Europe | https://www.zurich.de |
| Suncorp Group Ltd | View profile | 14500 | 80 Ann Street, Level 23, Heritage Lanes, Brisbane, QLD, Australia, 4000 | https://www.suncorpgroup.com.au |
| ICICI Lombard General Insurance | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.icicilombard.com |
| Tokio Marine Holdings Inc | View profile | 44721 | Tokio Marine Nichido Building Shinkan, 2-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-0005 | http://www.tokiomarinehd.com |
| AXA SA | View profile | 110302 | 25, Avenue Matignon, Paris, France, 75008 | https://www.axa.com |
| Allianz SE | View profile | 154862 | Koniginstrasse 28, Munich, BY, Germany, 80802 | https://www.allianz.com |
Global agricultural insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agricultural insurance market will help companies and investors design strategic landscapes.
Multi-peril crop insurance (mpci) was the largest segment with a revenue share of 106.26% in 2024. Horizon Databook has segmented the Global agricultural insurance market based on multi-peril crop insurance (mpci) covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Agricultural Insurance Product Type Outlook (Revenue, USD Million, 2021-2033)
- Multi-peril Crop Insurance (MPCI)
- Crop-hail Insurance
- Livestock Insurance
- Others
- Global Agricultural Insurance Provider Outlook (Revenue, USD Million, 2021-2033)
- Public
- Private
- Global Agricultural Insurance Distribution Channel Outlook (Revenue, USD Million, 2021-2033)
- Banks
- Insurance Companies
- Others
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Target buyers of Global agricultural insurance market databook
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Our clientele includes a mix of agricultural insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global agricultural insurance market , including forecasts for subscribers. This global databook contains high-level insights into Global agricultural insurance market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global agricultural insurance market size, by regions, 2021-2033 (US$M)
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