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農作物保険の世界市場の評価：タイプ別、補償範囲タイプ別、保険業者タイプ別、地域別、機会、予測、（2017年～2031年）

Crop Insurance Market Assessment, By Type, By Coverage Type, By Insurer Type, By Region, Opportunities and Forecast, 2017-2031F

出版日
ページ情報
英文 223 Pages
納期
3～5営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.82円
農作物保険の世界市場の評価：タイプ別、補償範囲タイプ別、保険業者タイプ別、地域別、機会、予測、（2017年～2031年）
出版日: 2024年05月08日
発行: Market Xcel - Markets and Data
ページ情報: 英文 223 Pages
納期: 3～5営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の農作物保険の市場規模は、2023年の423億8,000万米ドルから2031年に676億5,000万米ドルに達すると予測され、2024年～2031年の予測期間にCAGRで6.02%の成長が見込まれます。農業は、世界経済においてもっとも重要な部門および慣行の1つです。しかし、農業に直接携わる農家や耕作者の利益は常に危険にさらされているため、農作物保険が重要な手段として浮上しています。世界の農作物保険市場は、自然災害、悪天候、病害虫、市場の変動などによる農作物の損失に伴う経済的リスクから農業生産者を守る上で重要な役割を果たしています。農作物保険は農家に重要な保護を提供し、農業生活の安定を確保し、食料安全保障を促進し、世界中で持続可能な農業を支えています。

国連食料農業機関（FAO）の調査によると、2019年に約12億3,000万人が世界の農業食料システムで働いており、これは農業食料システムに関連する世帯で暮らす世界人口のほぼ半数に相当します。このような巨大な人口の利益を守るために、農作物保険は経済の不確実性と世界経済全体の成長を確保するのに不可欠なツールとなります。世界の農作物保険市場には、政府機関から民間企業まで複数の企業が存在し、農家が直面する固有のリスクを軽減し、逆境に直面した際のレジリエンスを強化することを目的としたさまざまな商品やサービスを提供することで市場を独占しています。

発展途上国や低開発経済国の農業部門では、農作物保険がほとんど利用されていないため、世界の農作物保険市場は大きな成長可能性を秘めています。世界の農作物保険市場は、農家や農業企業の特定のニーズに合わせて調整された多様な保険商品を有しています。農作物保険には、作物の収量の損失を補償する収量ベース保険や、価格変動や収量の減少による作物収益の減少を補償する収益ベース保険などのさまざまなタイプがあります。

国連食料農業機関（FAO）が2023年に発表したレポートによると、過去30年間に災害によって農作物や家畜の生産にかかった費用は推定3兆8,000億米ドルに上り、これは年平均1,230億米ドル、世界の農業GDPの5％に相当します。

政府が世界の農作物保険市場の成長において大きな役割を果たす

政府は常に、個人の利益を保護し、より大きな集団の利益となる商品やサービスを促進する上で重要な役割を果たしています。同じように、政府の支援、取り組み、補助金は世界の農作物保険市場の成長を促進する上で重要な役割を果たします。政府の取り組みは、農家の参加を促し、財務リスクを軽減し、気候変動や自然災害に直面する農業のレジリエンスを促進します。政府の補助金は農家の農作物保険料負担を軽減し、特に零細農家や低所得地域の農家にとって、保険への加入をより手頃で利用しやすいものにします。政府は、農作物保険市場の成長を支える政策の安定と規制枠組みを確立します。明確な規制、リスク管理ガイドライン、施行メカニズムにより、保険業者が活動し、保険商品を拡大しやすい環境が整います。

2023年12月に発表された連邦監視機関の調査によると、2011年以降、米国の農作物を確保するための米国政府の資金の3分の1超が、このプログラムから年間10億米ドル以上の利益を得ている保険業者に流れています。米国農務省が経営する連邦農作物保険プログラムは、自然災害や、農作物の損失や価格下落をもたらすその他の事象によって引き起こされる経済的損失から農家を保護するために設計されています。

気候変動と異常気象が市場規模を押し上げる

異常気象とイベントが、世界の農作物保険市場の活況を促進しています。気候変動や気象条件の変化は、大気の状態の変化が農作物の収量に影響を与えることから、農業や作物の収量と関連しています。気候変動は、干ばつ、洪水、暴風雨、熱波、予測不能な降雨パターンなど、異常気象の頻発と深刻化をもたらしています。こうした現象は、農作物の大幅な損失や収量の減少を引き起こす可能性があり、天候関連リスクへの保険による保護の必要性を浮き彫りにしています。こうした環境要因は、気候関連リスクに対する農業の脆弱性を際立たせ、農家の生活を守り、農業のレジリエンスを促進する上での、農作物保険などのリスク管理戦略の重要性を浮き彫りにしています。

当レポートでは、世界の農作物保険市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢と見通しなどを提供しています。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 エグゼクティブサマリー

第4章 顧客の声

  • 人口統計（年齢/コホート分析 - ベビーブーマー世代、X世代、ミレニアル世代、Z世代、性別、所得 - 低所得、中所得、高所得、地域、国籍など）
  • 市場の認知度と製品情報
  • ブランド認知度とロイヤルティ
  • 購入決定において考慮される要素
  • 購入目的
  • 購入媒体
  • 購入頻度
  • 友人や家族からの推奨
  • 製品/ブランドの浸透におけるブランドアンバサダーまたはインフルエンサーマーケティングの役割

第5章 世界の農作物保険市場の見通し（2017年～2031年）

  • 市場規模と予測
    • 金額
  • タイプ別
    • MPCI
    • APH
    • CRC
  • 補償範囲タイプ別
    • 局所的な災害
    • 播種/植え付け/発芽リスク
    • 現存量の損失
    • 収穫後の損失
  • 保険業者タイプ別
    • 民間機関
    • 公共機関
    • 政府
    • その他
  • 地域別
    • 北米
    • 欧州
    • 南米
    • アジア太平洋
    • 中東・アフリカ
  • 市場シェア：企業別（2023年）

第6章 世界の農作物保険市場の見通し：地域別（2017年～2031年）

  • 北米
    • 市場規模と予測
    • タイプ別
    • 補償範囲タイプ別
    • 保険業者タイプ別
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • フランス
    • イタリア
    • 英国
    • ロシア
    • オランダ
    • スペイン
    • トルコ
    • ポーランド
  • 南米
    • ブラジル
    • アルゼンチン
  • アジア太平洋
    • インド
    • 中国
    • 日本
    • オーストラリア
    • ベトナム
    • 韓国
    • インドネシア
    • フィリピン
  • 中東・アフリカ
    • アラブ首長国連邦
    • サウジアラビア
    • 南アフリカ

第7章 市場マッピング（2023年）

  • タイプ別
  • 補償範囲タイプ別
  • 保険業者タイプ別
  • 地域別

第8章 マクロ環境と産業構造

  • 需給分析
  • 輸入輸出分析
  • バリューチェーン分析
  • PESTEL分析
  • ポーターのファイブフォース分析

第9章 市場力学

  • 成長促進要因
  • 成長抑制要因（課題、抑制要因）

第10章 主要企業の情勢

  • マーケットリーダー上位5社の競合マトリクス
  • マーケットリーダー上位5社の市場収益分析（2023年）
  • 合併と買収/合弁事業（該当する場合）
  • SWOT分析（市場企業5社）
  • 特許分析（該当する場合）

第11章 価格分析

第12章 ケーススタディ

第13章 主要企業の見通し

  • Great American Insurance Group
  • AgriSompo North America, Inc.
  • Hudson Insurance Group (An ODYSSEY GROUP Company)
  • NAU Country Insurance Company
  • Rain and Hail LLC
  • Zurich American Insurance Company (RCIS)
  • Advanced AgProtection, LLC
  • COUNTRY Financial family
  • Crop Risk Services, Inc.
  • Farmers Mutual Hail Insurance Company of Iowa

第14章 戦略的推奨

第15章 当社について、免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1.Global Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 2.Global Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 3.Global Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 4.Global Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 5.Global Crop Insurance Market Share (%), By Region, 2017-2031F
  • Figure 6.North America Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 7.North America Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 8.North America Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 9.North America Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 10.North America Crop Insurance Market Share (%), By Country, 2017-2031F
  • Figure 11.United States Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 12.United States Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 13.United States Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 14.United States Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 15.Canada Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 16.Canada Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 17.Canada Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 18.Canada Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 19.Mexico Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 20.Mexico Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 21.Mexico Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 22.Mexico Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 23.Europe Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 24.Europe Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 25.Europe Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 26.Europe Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 27.Europe Crop Insurance Market Share (%), By Country, 2017-2031F
  • Figure 28.Germany Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 29.Germany Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 30.Germany Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 31.Germany Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 32.France Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 33.France Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 34.France Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 35.France Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 36.Italy Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 37.Italy Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 38.Italy Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 39.Italy Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 40.United Kingdom Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 41.United Kingdom Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 42.United Kingdom Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 43.United Kingdom Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 44.Russia Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 45.Russia Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 46.Russia Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 47.Russia Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 48.Netherlands Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 49.Netherlands Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 50.Netherlands Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 51.Netherlands Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 52.Spain Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 53.Spain Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 54.Spain Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 55.Spain Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 56.Turkey Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 57.Turkey Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 58.Turkey Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 59.Turkey Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 60.Poland Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 61.Poland Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 62.Poland Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 63.Poland Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 64.South America Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 65.South America Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 66.South America Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 67.South America Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 68.South America Crop Insurance Market Share (%), By Country, 2017-2031F
  • Figure 69.Brazil Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 70.Brazil Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 71.Brazil Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 72.Brazil Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 73.Argentina Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 74.Argentina Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 75.Argentina Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 76.Argentina Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 77.Asia-Pacific Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 78.Asia-Pacific Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 79.Asia-Pacific Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 80.Asia-Pacific Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 81.Asia-Pacific Crop Insurance Market Share (%), By Country, 2017-2031F
  • Figure 82.India Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 83.India Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 84.India Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 85.India Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 86.China Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 87.China Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 88.China Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 89.China Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 90.Japan Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 91.Japan Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 92.Japan Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 93.Japan Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 94.Australia Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 95.Australia Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 96.Australia Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 97.Australia Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 98.Vietnam Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 99.Vietnam Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 100.Vietnam Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 101.Vietnam Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 102.South Korea Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 103.South Korea Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 104.South Korea Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 105.South Korea Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 106.Indonesia Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 107.Indonesia Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 108.Indonesia Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 109.Indonesia Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 110.Philippines Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 111.Philippines Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 112.Philippines Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 113.Philippines Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 114.Middle East & Africa Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 115.Middle East & Africa Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 116.Middle East & Africa Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 117.Middle East & Africa Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 118.Middle East & Africa Crop Insurance Market Share (%), By Country, 2017-2031F
  • Figure 119.Saudi Arabia Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 120.Saudi Arabia Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 121.Saudi Arabia Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 122.Saudi Arabia Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 123.UAE Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 124.UAE Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 125.UAE Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 126.UAE Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 127.South Africa Crop Insurance Market, By Value, In USD Billion, 2017-2031F
  • Figure 128.South Africa Crop Insurance Market Share (%), By Type, 2017-2031F
  • Figure 129.South Africa Crop Insurance Market Share (%), By Coverage Type, 2017-2031F
  • Figure 130.South Africa Crop Insurance Market Share (%), By Insurer Type, 2017-2031F
  • Figure 131.By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 132.By Coverage Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 133.By Insurer Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 134.By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
目次
Product Code: MX11297

Global crop insurance market is projected to witness a CAGR of 6.02% during the forecast period 2024-2031, growing from USD 42.38 billion in 2023 to USD 67.65 billion in 2031. Agriculture is one of the most important sectors and practices in the global economy. Good agriculture safeguards global food security; however, as the interests of farmers and cultivators who are directly involved in agriculture are always at stake, crop insurance emerges as an important tool. The global crop insurance market plays a critical role in safeguarding agricultural producers against the financial risks associated with crop losses due to natural disasters, adverse weather conditions, pests, diseases, and market fluctuations. Crop insurance provides vital protection to farmers, ensuring the stability of agricultural livelihoods, promoting food security, and supporting sustainable farming practices worldwide.

According to research by the Food and Agriculture Organization of the United Nations (FAO), approximately 1.23 billion people worked in the world's agrifood systems in 2019, which is almost half of the world's population living in households linked to agrifood systems. To safeguard the interest of such a gigantic population, crop insurance becomes a vital tool to secure economic uncertainties and the overall growth of the global economy. The global crop insurance market has multiple players ranging from government institutions to private players dominating the market by offering various products and services, aiming to mitigate the inherent risks faced by farmers and bolstering their resilience in the face of adversities.

Global crop insurance market has huge growth potential as the agricultural sector in developing and underdeveloped economies is largely not exposed to crop insurance. The global crop insurance market encompasses a diverse array of insurance products tailored to meet the specific needs of farmers and agricultural enterprises. There are different types of crop insurance, including yield-based insurance, which protects against losses in crop yield, while revenue-based insurance covers the declines in crop revenue due to price fluctuations or reduced yields.

In 2023, according to a report released by the Food and Agriculture Organisation of the United Nations (FAO), disasters have costed an estimated USD 3.8 trillion in crop and livestock production over the last 30 years, equating to an average loss of USD 123 billion per year or 5% of global agricultural GDP.

Government to Have a Major Role in Global Crop Insurance Market Growth

The government always plays a key role in protecting the interests of individuals and promoting the products and services that are in the interest of larger groups. In the same way government support, initiatives, and subsidies play a key role in driving the growth of global crop insurance market. Government initiatives incentivize farmer participation, mitigate financial risks, and promote agricultural resilience in the face of climate variability and natural disasters. Government subsidies reduce the cost of crop insurance premiums for farmers, making insurance coverage more affordable and accessible, especially for smallholder farmers and those in low-income regions. Governments establish policy stability and regulatory frameworks that support the growth of crop insurance markets. Clear regulations, risk management guidelines, and enforcement mechanisms create a conducive environment for insurers to operate and expand their offerings.

According to a federal watchdog study released on December 2023, over one-third of the United States government funding to ensure the nation's crops since 2011 has gone to insurance companies that profit from the program by more than USD 1 billion per year. The federal crop insurance program, operated by the United States Department of Agriculture, is designed to protect farmers from financial losses caused by natural disasters or other occurrences that result in crop losses or price declines.

Climate Variability and Extreme Weather Events Drives the Market Size

Extreme weather conditions and events drive the booming global crop insurance market. Climate variability and changes in weather conditions are linked with agriculture and crop yield as the changes in atmospheric conditions affect the crops and the agricultural yield. Climate change is leading to more frequent and severe extreme weather events, including droughts, floods, storms, heatwaves, and unpredictable rainfall patterns. These events can cause significant crop losses and yield reductions, highlighting the need for insurance protection against weather-related risks. These environmental factors underscore the vulnerability of agriculture to climate-related risks and highlight the importance of risk management strategies, such as crop insurance, in safeguarding farmers' livelihoods and promoting agricultural resilience.

In 2024, A new study by CIMMYT has shown relations between rising temperatures and the destructive fungal plant disease wheat blast. The disease currently threatens 6.4 million hectares, and by 2050, climate change is expected to exacerbate the situation, threatening 13.5 million hectares of agriculture. Wheat blast has the potential to reduce wheat yield by 13% worldwide. South America and Africa will be the most vulnerable locations to wheat blast in the future climate, with up to 75% of their wheat acreage under threat by 2050.

Integration of Technology and Data Analytics

Over the years, the global crop insurance market has expanded for various reasons, mainly safeguarding the interests of a large global population engaged in the primary sector. However, the dynamics of the market are changing due to the adoption of technologies in various products and services. The trend is transforming traditional insurance practices, improving risk assessment accuracy, enhancing operational efficiency, and expanding insurance coverage for agricultural producers.

Remote sensing, along with satellite imagery and drones, is being implemented, enabling insurers to monitor crop conditions, assess vegetation health, and detect anomalies in real time. The data estimates crop yields, predicts potential losses, and facilitates faster claims processing. Access to historical weather data and advanced climate models allows insurers to quantify weather-related risks more effectively. By analyzing long-term climate patterns and seasonal forecasts, insurers can develop more accurate risk assessment models and offer customized insurance products tailored to specific weather conditions.

Due to innovative technologies such as Farmers Edge's FarmCommand and IBM's GenAI, crop insurance operations are now more efficient and effective. FarmCommand combines satellite imagery, weather data, and AI-powered analytics to give farmers actionable insights for improving crop management practices.

Future Market Scenario (2024 - 2031F)

In the coming years, the market will witness major changes in how the crop insurance industry offers its products, minimizes farmers' risks, and maximizes their profits. In this context, major players will incorporate various technologies like AI, blockchain, and data analytics based on different platforms.

Parametric and index-based insurance products will gain traction due to their simplicity, transparency, and scalability. These innovative insurance models offer faster claims settlements based on predefined triggers, such as weather indices, reducing administrative costs and improving risk management efficiency.

In the foreseeable future, the market will witness high growth in developing countries or underdeveloped countries of Asia, Africa, and South America as product awareness and acceptance will increase.

Key Players Landscape and Outlook

The outlook for global crop insurance market is positive, it is expected that the market will continue to grow and expand in the forecast period due to various market drivers such as support, schemes, and initiatives from governments, integration of technologies and data analytics. The increasing frequency and severity of climate-related risks drive the demand for crop insurance as a critical risk management tool. Farmers seek financial protection against weather extremes, market volatility, and production uncertainties, stimulating market growth. Continued investment in data-driven solutions and multi-stakeholder partnerships will further accelerate market development and expand insurance coverage for farmers worldwide.

In April 2024, Farmers Mutual Hail Insurance Company of Iowa (FMH) announced the acquisition of Global Ag Insurance Services, an AXA XL company that specializes in crop insurance. Global Ag, based in the western United States, specializes in providing a wide range of crop insurance solutions, including the USDA multi-peril crop insurance program as well as several specialty private and named peril products designed to meet the specific needs of agricultural producers and growers.

Table of Contents

1.Research Methodology

2.Project Scope & Definitions

3.Executive Summary

4.Voice of Customer

  • 4.1.Demographics (Age/Cohort Analysis - Baby Boomers and Gen X, Millennials, Gen Z; Gender; Income - Low, Mid, and High; Geography; Nationality; etc.)
  • 4.2.Market Awareness and Product Information
  • 4.3.Brand Awareness and Loyalty
  • 4.4.Factors Considered in Purchase Decision
    • 4.4.1.Institute Reputation
    • 4.4.2.Premium Rate
    • 4.4.3.Crop Type
    • 4.4.4.Geography
    • 4.4.5.Production History
    • 4.4.6.Personalized and Customized Options
  • 4.5.Purpose of Purchase
  • 4.6.Medium of Purchase
  • 4.7.Frequency of Purchase
  • 4.8.Recommendations from friends/family
  • 4.9.Role of Brand Ambassador or Influencer Marketing on Product/Brand Absorption.

5.Global Crop Insurance Market Outlook, 2017-2031F

  • 5.1.Market Size & Forecast
    • 5.1.1.By Value
  • 5.2.By Type
    • 5.2.1.Multiple Peril Crop Insurance
    • 5.2.2.Actual Production History
    • 5.2.3.Crop Revenue Coverage
  • 5.3.By Coverage Type
    • 5.3.1.Localized Calamities
    • 5.3.2.Sowing/Planting/Germination Risk
    • 5.3.3.Standing Crop Loss
    • 5.3.4.Post-harvest Losses
  • 5.4.By Insurer Type
    • 5.4.1.Private Institution
    • 5.4.2.Public Institution
    • 5.4.3.Government
    • 5.4.4.Other
  • 5.5.By Region
    • 5.5.1.North America
    • 5.5.2.Europe
    • 5.5.3.South America
    • 5.5.4.Asia-Pacific
    • 5.5.5.Middle East and Africa
  • 5.6.By Company Market Share (%), 2023

6.Global Crop Insurance Market Outlook, By Region, 2017-2031F

  • 6.1.North America*
    • 6.1.1.Market Size & Forecast
      • 6.1.1.1.By Value
    • 6.1.2.By Type
      • 6.1.2.1.Multiple Peril Crop Insurance
      • 6.1.2.2.Actual Production History
      • 6.1.2.3.Crop Revenue Coverage
    • 6.1.3.By Coverage Type
      • 6.1.3.1.Localized Calamities
      • 6.1.3.2.Sowing/Planting/Germination Risk
      • 6.1.3.3.Standing Crop Loss
      • 6.1.3.4.Post-harvest Losses
    • 6.1.4.By Insurer Type
      • 6.1.4.1.Private Institution
      • 6.1.4.2.Public Institution
      • 6.1.4.3.Government
      • 6.1.4.4.Other
    • 6.1.5.United States*
      • 6.1.5.1.Market Size & Forecast
        • 6.1.5.1.1.By Value
      • 6.1.5.2.By Type
        • 6.1.5.2.1.Multiple Peril Crop Insurance
        • 6.1.5.2.2.Actual Production History
        • 6.1.5.2.3.Crop Revenue Coverage
      • 6.1.5.3.By Coverage Type
        • 6.1.5.3.1.Localized Calamities
        • 6.1.5.3.2.Sowing/Planting/Germination Risk
        • 6.1.5.3.3.Standing Crop Loss
        • 6.1.5.3.4.Post-harvest Losses
      • 6.1.5.4.By Insurer Type
        • 6.1.5.4.1.Private Institution
        • 6.1.5.4.2.Public Institution
        • 6.1.5.4.3.Government
        • 6.1.5.4.4.Other
    • 6.1.6.Canada
    • 6.1.7.Mexico

All segments will be provided for all regions and countries covered

  • 6.2.Europe
    • 6.2.1.Germany
    • 6.2.2.France
    • 6.2.3.Italy
    • 6.2.4.United Kingdom
    • 6.2.5.Russia
    • 6.2.6.Netherlands
    • 6.2.7.Spain
    • 6.2.8.Turkey
    • 6.2.9.Poland
  • 6.3.South America
    • 6.3.1.Brazil
    • 6.3.2.Argentina
  • 6.4.Asia-Pacific
    • 6.4.1.India
    • 6.4.2.China
    • 6.4.3.Japan
    • 6.4.4.Australia
    • 6.4.5.Vietnam
    • 6.4.6.South Korea
    • 6.4.7.Indonesia
    • 6.4.8.Philippines
  • 6.5.Middle East & Africa
    • 6.5.1.UAE
    • 6.5.2.Saudi Arabia
    • 6.5.3.South Africa

7.Market Mapping, 2023

  • 7.1.By Type
  • 7.2.By Coverage Type
  • 7.3.By Insurer Type
  • 7.4.By Region

8.Macro Environment and Industry Structure

  • 8.1.Supply Demand Analysis
  • 8.2.Import Export Analysis
  • 8.3.Value Chain Analysis
  • 8.4.PESTEL Analysis
    • 8.4.1.Political Factors
    • 8.4.2.Economic System
    • 8.4.3.Social Implications
    • 8.4.4.Technological Advancements
    • 8.4.5.Environmental Impacts
    • 8.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 8.5.Porter's Five Forces Analysis
    • 8.5.1.Supplier Power
    • 8.5.2.Buyer Power
    • 8.5.3.Substitution Threat
    • 8.5.4.Threat from New Entrant
    • 8.5.5.Competitive Rivalry

9.Market Dynamics

  • 9.1.Growth Drivers
  • 9.2.Growth Inhibitors (Challenges and Restraints)

10.Key Players Landscape

  • 10.1.Competition Matrix of Top Five Market Leaders
  • 10.2.Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
  • 10.3.Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 10.4.SWOT Analysis (For Five Market Players)
  • 10.5.Patent Analysis (If Applicable)

11.Pricing Analysis

12.Case Studies

13.Key Players Outlook

  • 13.1.Great American Insurance Group
    • 13.1.1.Company Details
    • 13.1.2.Key Management Personnel
    • 13.1.3.Products & Services
    • 13.1.4.Financials (As reported)
    • 13.1.5.Key Market Focus & Geographical Presence
    • 13.1.6.Recent Developments
  • 13.2.AgriSompo North America, Inc.
  • 13.3.Hudson Insurance Group (An ODYSSEY GROUP Company)
  • 13.4.NAU Country Insurance Company
  • 13.5.Rain and Hail LLC
  • 13.6.Zurich American Insurance Company (RCIS)
  • 13.7.Advanced AgProtection, LLC
  • 13.8.COUNTRY Financial family
  • 13.9.Crop Risk Services, Inc.
  • 13.10.Farmers Mutual Hail Insurance Company of Iowa

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

14.Strategic Recommendations

15.About Us & Disclaimer