PUBLISHER: Grand View Research | PRODUCT CODE: 1869635
PUBLISHER: Grand View Research | PRODUCT CODE: 1869635
The global agriculture insurance market size was estimated at USD 41.47 billion in 2024 and is projected to reach USD 70.02 billion by 2033, growing at a CAGR of 5.96% from 2025 to 2033. The growing frequency and intensity of climate-related events, including droughts, floods, hurricanes, and pest outbreaks, are influencing farmers to seek insurance as a protective measure against financial losses.
Governments in both developed and developing nations are significantly contributing by offering subsidies and policy assistance to motivate farmers to invest in livestock and crops insurance, which in turn helps secure food supply and stabilize rural incomes. In addition, the increasing globalization of the food supply chain and the rising demand for agricultural products heighten the necessity for risk management solutions to shield against price fluctuations and production uncertainties.
Global Agriculture Insurance Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global agriculture insurance market report based on product type, distribution channel, provider, and region: