Latin America Crop Insurance Market Size & Outlook
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.
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Crop Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kshema General Insurance | View profile | 501-1000 | Hyderabad, Andhra Pradesh, India, Asia | https://kshema.co |
| Great American Insurance Group | View profile | 5001-10000 | Cincinnati, Ohio, United States, North America | http://www.greatamericaninsurancegroup.com |
| Sompo Seguros | View profile | 1001-5000 | São Paulo, Sao Paulo, Brazil, South America | https://sompo.com.br/ |
| QBE Insurance Group Ltd | View profile | 11651 | 388 George Street, Level 18, Sydney, NSW, Australia, 2000 | https://www.qbe.com |
| Chubb Ltd | View profile | 40000 | Baerengasse 32, Zurich, Switzerland, CH-8001 | https://www.chubb.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 |
| American International Group Inc | View profile | 25200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | https://www.aig.com |
| Zurich Insurance Group AG | View profile | 59593 | Mythenquai 2, Corporate Center, Zurich, Switzerland, 8002 | https://www.zurich.com |
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 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.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America crop insurance market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America crop insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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