Latin America Crop Insurance Market Size & Outlook
The crop insurance market in Latin America is expected to reach a projected revenue of US$ 4,804.1 million by 2030. A compound annual growth rate of 6.8% is expected of Latin America crop insurance market from 2025 to 2030.
- Enterprise Technology & Automation
- Enterprise Software & SaaS
- Crop Insurance Market Outlook
- Enterprise Software & SaaS
Revenue, 2024 (US$M)
$3,328.5
Forecast, 2030 (US$M)
$4,804.1
CAGR, 2025 - 2030
6.8%
Report Coverage
Latin America
Latin America Crop Insurance Market, 2018-2030 (US$M)
Prism AI by Grand View ResearchFree to try
Ask a question about the crop insurance market
Every figure cited from GVR research
Latin America crop insurance market highlights
- The Latin America crop insurance market generated a revenue of USD 3,328.5 million in 2024.
- The market is expected to grow at a CAGR of 6.8% from 2025 to 2030.
- In terms of segment, multi-peril crop insurance (mpci) was the largest revenue generating type in 2024.
- Multi-peril Crop Insurance (MPCI) is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2024 | USD 3,328.5 million |
| Market revenue in 2030 | USD 4,804.1 million |
| Growth rate | 6.8% (CAGR from 2025 to 2030) |
| Largest segment | Multi-peril crop insurance (mpci) |
| Fastest growing segment | Multi-peril Crop Insurance (MPCI) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multi-peril Crop Insurance (MPCI) |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.6% of the global crop insurance market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,473.1 million by 2030.
No credit card required*
Publish Date: May 06, 2025
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Crop Insurance Market Scope
Crop Insurance Market segmentation & scope
Coverage
Yield Protection
Revenue Protection
Price Protection
Distribution Channel
Government Agencies
Insurance Companies
Others
Crop Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zurich Insurance Group AG | View profile | 59,593 | Mythenquai 2, Corporate Center, Zurich, Switzerland, 8002 | www.zurich.com |
| American International Group Inc | View profile | 25,200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | www.aig.com |
| Tokio Marine Holdings Inc | View profile | 44,721 | Tokio Marine Nichido Building Shinkan, 2-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-0005 | www.tokiomarinehd.com |
| Chubb Ltd | View profile | 40,000 | Baerengasse 32, Zurich, Switzerland, CH-8001 | www.chubb.com |
| QBE Insurance Group Ltd | View profile | 11,651 | 388 George Street, Level 18, Sydney, NSW, Australia, 2000 | www.qbe.com |
| Sompo Seguros | View profile | 1001-5000 | São Paulo, Sao Paulo, Brazil, South America | sompo.com.br/ |
| Great American Insurance Group | View profile | 5001-10000 | Cincinnati, Ohio, United States, North America | www.greatamericaninsurancegroup.com |
| Kshema General Insurance | View profile | 501-1000 | Hyderabad, Andhra Pradesh, India, Asia | kshema.co |
Latin America Crop 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 Crop Insurance Market Outlook will help companies and investors design strategic landscapes.
Multi-Peril Crop Insurance (Mpci) was the largest segment with a revenue share of 103.98% in 2024.
Horizon Databook has segmented the Latin America crop insurance market based on multi-peril crop insurance (mpci) covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Crop Insurance Market Type Outlook (Revenue, USD Million , 2018-2030)
- Multi-peril Crop Insurance (MPCI)
- Crop-hail Insurance
- Revenue Insurance
- Latin America Crop Insurance Market Coverage Outlook (Revenue, USD Million , 2018-2030)
- Yield Protection
- Revenue Protection
- Price Protection
- Latin America Crop Insurance Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Government Agencies
- Insurance Companies
- Others
Reasons to subscribe to Crop Insurance Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Crop Insurance Market Outlook databook
- Our clientele includes a mix of Crop Insurance Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Crop Insurance Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Crop Insurance Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.