作物保険の市場規模：タイプ別、補償範囲別、流通チャネル別、地域別、2026年～2032年

作物保険市場の評価、2026年～2032年

作物保険市場は、気候変動の増大、農業リスク管理に対する政府の支援、農作物のモニタリングと評価における技術的進歩に牽引され、大きな成長を遂げています。農家に経済的保障を提供し、持続可能な農業を促進する作物保険の可能性が、市場拡大を後押しし続けています。この成長は、リスク軽減戦略に関する農家の意識の高まりとパラメトリック保険モデルの統合によってさらに後押しされ、作物保険商品の採用が増加しています。また、食糧安全保障への関心の高まりや農業投資を保護する必要性も、市場の成長に寄与しています。さらに、作物保険におけるデータ分析とリモート・センシング技術の利用が増加していることも、市場の革新を促進しています。これにより、市場規模は2024年に363億7,000万米ドルを突破し、2032年には約682億8,000万米ドルの評価額に達する見込みです。

こうした成長要因に加え、市場は、より正確なリスク評価モデルやカスタマイズされた保険商品の開発を目的とした研究開発への投資が増加しています。人工知能、機械学習、ブロックチェーンなどの先進技術を作物保険ソリューションに統合することに注力することで、特に効率性と透明性を高めるために、市場拡大の新たな道が開かれつつあります。さらに、新興諸国におけるインデックスベースの保険商品の採用拡大が、地域市場の成長を促進しています。作物保険の適用範囲を拡大するために官民パートナーシップの開発が重視されるようになっていることも、市場開拓を支える重要な要因です。作物保険に対する需要の高まりにより、市場は2026年から2032年にかけてCAGR 8.19%で成長します。

作物保険市場の定義/概要

作物保険は、様々な自然災害、気象現象、市場変動による農作物の収穫高や収益の損失から農業生産者を守るために設計されたリスク管理ツールです。農作物の収量や収益の損失を補償することで農家を経済的に保護し、農家所得の安定と農業経営の継続を支援します。作物保険は、干ばつ、過湿、ひょう、害虫、価格下落など、さまざまな作物や危険に対応できます。

作物保険は、さまざまな農業分野で開発・活用されています。営利農業では、生産リスクの管理と資金調達の確保に役立っています。零細農家にとっては、気候関連の損失に対するセーフティネットとなります。持続可能な農業の分野では、作物保険は回復力のある農業を推進するために利用されています。さらに、作物保険は農業融資や食料安全保障の取り組み、気候変動適応戦略の支援にも応用されています。

作物保険市場の将来の展望は有望であり、新興市場や技術における成長の可能性があります。より洗練されたリスク・モデリング技術の開発や、衛星画像とIoTデバイスの統合により、新たな市場機会が開拓されると期待されます。パラメトリック保険とブロックチェーン技術の進歩は、より効率的で透明性の高い保険プロセスにつながる可能性があります。さらに、零細農家向けのマイクロインシュランスへの注目の高まりや、気候ファイナンスメカニズムとの統合の可能性は、業界のイノベーションを促進すると思われます。

気候変動の拡大は作物保険市場の成長をどのように促進するか？

気候変動の増大は、作物保険市場の成長を大きく促進する要因です。気候変動により異常気象がより頻繁に、より深刻になるにつれ、農家は作物の収量や収入に対するより大きなリスクに直面します。作物保険は、こうした予測不能な気候関連の損失から身を守るための重要なリスク管理手段を提供します。さらに、天候パターンが多様化することで、従来のリスク評価手法の信頼性が低下し、気候条件の変化に適応できる、より高度な保険商品の必要性が高まっています。この動向は、包括的な作物保険ソリューションの開発・導入に対する農家、政府、農業金融機関の関心を高め、業界の技術革新に拍車をかけ、市場開拓の原動力となっています。

作物保険市場成長の課題となっている認知度の低さとは？

農民の作物保険商品に対する認識が限定的であることが、作物保険市場の成長の課題となっています。多くの農家、特に農村部では、作物保険のメリット、保険金請求プロセス、保険へのアクセス方法に関する知識が不足しています。このため加入率が低く、農家は保険に加入しないか、作物への保険金が不足しています。さらに、保険料に関する誤解や保険業者への不信感が、保険加入をさらに妨げています。十分な教育や支援活動がなければ、市場を拡大することは難しく、農家は自然災害やその他の農作物被害による経済的リスクにさらされやすくなります。

目次

第1章 世界の作物保険市場の導入

• 市場概要
• 調査範囲
• 前提条件

第2章 エグゼクティブサマリー

第3章 VERIFIED MARKET RESEARCHの調査手法

• データマイニング
• バリデーション
• 一次資料
• データソース一覧

第4章 世界の作物保険市場の展望

• 概要
• 市場力学
  • 促進要因
  • 抑制要因
  • 機会
• ポーターのファイブフォースモデル
• バリューチェーン分析

第5章 世界の作物保険市場：タイプ別

• 概要
• マルチパーイル作物保険
• 農作物雹害保険
• 指定危険保険

第6章 作物保険の世界市場：補償範囲別

• 概要
• 収入補償
• 収量補償
• 植物ベースのインデックス保険
• マージン保護

第7章 世界の作物保険市場：流通チャネル別

• 概要
• 銀行
• 保険会社
• ブローカー／代理店
• その他

第8章 世界の作物保険市場：地域別

• 概要
• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • イタリア
  • スペイン
  • その他欧州
• アジア太平洋
  • 中国
  • 日本
  • インド
  • その他アジア太平洋地域
• アジア太平洋
  • 中国
  • 日本
  • インド
  • その他アジア太平洋地域
• 世界のその他の地域
  • ラテンアメリカ
  • 中東・アフリカ

第9章 世界の作物保険市場の競合情勢

• 概要
• 各社の市場ランキング
• 主な発展戦略

第10章 企業プロファイル

• Agriculture Insurance Company of India Limited
• Chubb
• QBE Insurance Group Limited
• Sompo Holdings, Inc.
• Fairfax Financial Holdings Limited
• Prudential Financial, Inc.
• AXA
• Everest Re Group, Ltd.
• Zurich Insurance Group Ltd.
• Tokio Marine Holdings, Inc.

第11章 主な発展

• 製品上市／開発
• 合併と買収
• 事業拡大
• パートナーシップと提携

第12章 付録

• 関連調査

Crop Insurance Market Valuation- 2026-2032

The Crop Insurance market is experiencing significant growth driven by increasing climate variability, government support for agricultural risk management and technological advancements in crop monitoring and assessment. The potential for crop insurance to provide financial security to farmers and promote sustainable agriculture continues to fuel market expansion. This growth is further bolstered by the rising awareness among farmers about risk mitigation strategies and the integration of parametric insurance models, leading to increasing adoption of crop insurance products. The growing focus on food security and the need to protect agricultural investments is also contributing to market growth. Additionally, the increasing use of data analytics and remote sensing technologies in crop insurance is driving market innovation. This is likely to enable the market size to surpass USD 36.37 Billion in 2024 to reach a valuation of around USD 68.28 Billion by 2032.

In addition to these growth factors, the market is witnessing increasing investment in research and development aimed at developing more accurate risk assessment models and customized insurance products. The focus on integrating advanced technologies such as artificial intelligence, machine learning and blockchain into crop insurance solutions is opening new avenues for market expansion, particularly for enhanced efficiency and transparency. Moreover, the growing adoption of index-based insurance products in developing countries is driving regional market growth. The increasing emphasis on developing public-private partnerships to expand crop insurance coverage is another key factor supporting market expansion. The rising demand for crop insurance is enabling the market to grow at a CAGR of 8.19% from 2026 to 2032.

Crop Insurance Market Definition/Overview

Crop insurance is a risk management tool designed to protect agricultural producers from crop yield and revenue losses due to various natural disasters, weather events, or market fluctuations. It provides financial protection to farmers by compensating them for losses in crop yields or revenues, helping to stabilize farm income and ensure the continuity of agricultural operations. Crop insurance policies can cover a wide range of crops and perils, including drought, excessive moisture, hail, insects and price declines.

Crop insurance is being developed and utilized across diverse agricultural sectors. In commercial farming, it helps manage production risks and secure financing. For smallholder farmers, it provides a safety net against climate-related losses. In the realm of sustainable agriculture, crop insurance is being used to promote resilient farming practices. Additionally, crop insurance is finding applications in supporting agricultural lending, food security initiatives and climate change adaptation strategies.

The future scope of the Crop Insurance market is promising, with potential for growth in emerging markets and technologies. The development of more sophisticated risk modeling techniques and the integration of satellite imagery and IoT devices are expected to open new market opportunities. Advancements in parametric insurance and blockchain technology may lead to more efficient and transparent insurance processes. Furthermore, the increasing focus on micro-insurance for smallholder farmers and the potential integration with climate finance mechanisms are likely to drive innovation in the industry.

How does the Increasing Climate Variability Drive the Growth of The Crop Insurance Market?

The increasing climate variability is a significant driver of growth in the Crop Insurance Market. As extreme weather events become more frequent and severe due to climate change, farmers face greater risks to their crop yields and revenues. Crop insurance offers a crucial risk management tool to protect against these unpredictable climate-related losses. Moreover, the variability in weather patterns makes traditional risk assessment methods less reliable, driving the need for more sophisticated insurance products that can adapt to changing climate conditions. This trend has heightened interest among farmers, governments, and agricultural lenders in developing and adopting comprehensive crop insurance solutions, spurring innovation in the industry and driving market growth.

How is Limited Awareness Challenging the Growth of The Crop Insurance Market?

Limited awareness about crop insurance products among farmers is challenging the growth of the Crop Insurance Market. Many farmers, especially in rural areas, lack knowledge about the benefits of crop insurance, the claims process, and how to access coverage. This results in low participation rates, with farmers either not purchasing insurance or underinsuring their crops. Additionally, misconceptions about premium costs and distrust in insurance providers further hinder adoption. Without adequate education and outreach initiatives, it becomes difficult to expand the market, leaving farmers vulnerable to financial risks caused by natural disasters and other crop-damaging events.

Category-wise Acumens

How will the Advancements in Risk Modeling Drive the Growth of the Multi-peril Crop Insurance Segment?

The growth of the Multi-peril Crop Insurance Segment is being driven by rapid advancements in risk modeling techniques. These technological improvements are enabling the development of more accurate and comprehensive risk assessment models that can account for multiple perils affecting crop production. Multi-peril crop insurance, which covers a wide range of risks including adverse weather, pests and diseases, is becoming increasingly sophisticated as risk models incorporate more data sources and advanced analytics.

This shift toward more advanced multi-peril crop insurance is being seen as a key factor in the crop insurance market. The potential for these comprehensive policies to provide better protection for farmers against a variety of risks is being highlighted, further increasing the interest in and development of multi-peril products. Their ability to offer more holistic coverage, potentially at more competitive rates due to improved risk assessment, is being boosted due to these technological advancements.

How will the Need for Flexible Coverage Drive the Growth of The Revenue Protection Application Segment?

The growth of the Revenue Protection Application Segment will be driven by the need for flexible coverage that addresses both yield and price risks. Factors such as increasing market volatility, globalization of agricultural markets and the desire for income stability among farmers will contribute to this trend. Revenue protection policies will be sought to provide farmers with coverage against both production losses and price declines, offering a more comprehensive risk management solution.

Increasing investment in revenue protection products will be witnessed, enabling farmers to secure their income against a wider range of risks. The revenue protection segment will benefit from the integration of advanced price forecasting models and yield prediction technologies, allowing for more accurate and responsive coverage, which will ultimately propel market expansion.

Country/Region-wise Acumens

Will the Presence of Major Agricultural Economies Drive the Dominance of North America in The Crop Insurance Market?

The dominance of North America in the crop insurance market is significantly influenced by the presence of major agricultural economies and well-established crop insurance programs. Countries like the United States and Canada have robust government-supported crop insurance systems and a long history of agricultural risk management. Additionally, the high adoption of technology in agriculture, advanced farming practices and strong financial infrastructure have strengthened North America's position. The region's early adoption of data-driven farming and precision agriculture concepts further contributes to its leading role in the global crop insurance market, ensuring continued dominance.

Will the Rapid Growth of the Agricultural Sector Drive the Expansion of The Crop Insurance Market in Asia-Pacific?

The rapid growth of the agricultural sector is expected to drive the expansion of the Crop Insurance Market in Asia-Pacific. As home to some of the world's largest agricultural producers and a significant portion of smallholder farmers, the region is well-positioned to adopt and benefit from crop insurance solutions. The increasing focus on food security, modernizing agriculture and protecting farmer livelihoods is driving interest in crop insurance products. Additionally, countries like India and China are implementing large-scale government-supported crop insurance programs. This combination of a strong agricultural base, technological advancement and supportive policies is fueling the growth of the crop insurance market in the Asia-Pacific region.

Competitive Landscape

The crop insurance market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the crop insurance market include:

Agriculture Insurance Company of India Limited

Chubb

QBE Insurance Group Limited

Sompo Holdings, Inc.

Fairfax Financial Holdings Limited

Prudential Financial, Inc.

AXA

Everest Re Group, Ltd.

Zurich Insurance Group Ltd.

Tokio Marine Holdings, Inc.

Latest Developments

In March 2024, Agriculture Insurance Company of India Limited announced the launch of a new satellite-based crop monitoring system, enabling more accurate and timely assessment of crop health and potential yield losses across vast agricultural areas.

In May 2024, Chubb successfully piloted a blockchain-based crop insurance platform in collaboration with several agricultural cooperatives, demonstrating enhanced transparency and efficiency in claims processing and premium payments.

In January 2024, QBE Insurance Group Limited introduced a novel machine learning model for crop yield prediction, significantly improving the accuracy of risk assessment for their crop insurance products.

In August 2024, Sompo Holdings, Inc. secured a major partnership with a leading tech company to integrate IoT sensors and drones into their crop monitoring and loss assessment processes, marking a significant step towards more data-driven crop insurance solutions.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL CROP INSURANCE MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL CROP INSURANCE MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL CROP INSURANCE MARKET, BY TYPE

• 5.1 Overview
• 5.2 Multi-peril Crop Insurance
• 5.3 Crop-hail Insurance
• 5.4 Named Peril Insurance

6 GLOBAL CROP INSURANCE MARKET, BY COVERAGE

• 6.1 Overview
• 6.2 Revenue Protection
• 6.3 Yield Protection
• 6.4 Plant-based Index Insurance
• 6.5 Margin Protection

7 GLOBAL CROP INSURANCE MARKET, BY DISTRIBUTION CHANNEL

• 7.1 Overview
• 7.2 Banks
• 7.3 Insurance Companies
• 7.4 Brokers/Agents
• 7.5 Others

8 GLOBAL CROP INSURANCE MARKET, BY GEOGRAPHY

• 8.1 Overview
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 U.K.
  • 8.3.3 France
  • 8.3.4 Italy
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 India
  • 8.4.4 Rest of Asia Pacific
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 India
  • 8.4.4 Rest of Asia Pacific
• 8.5 Rest of the World
  • 8.5.1 Latin America
  • 8.5.2 Middle East & Africa

9 GLOBAL CROP INSURANCE MARKET COMPETITIVE LANDSCAPE

• 9.1 Overview
• 9.2 Company Market Ranking
• 9.3 Key Development Strategies

10 COMPANY PROFILES

• 10.1 Agriculture Insurance Company of India Limited
  • 10.1.1 Overview
  • 10.1.2 Financial Performance
  • 10.1.3 Product Outlook
  • 10.1.4 Key Developments
• 10.2 Chubb
  • 10.2.1 Overview
  • 10.2.2 Financial Performance
  • 10.2.3 Product Outlook
  • 10.2.4 Key Developments
• 10.3 QBE Insurance Group Limited
  • 10.3.1 Overview
  • 10.3.2 Financial Performance
  • 10.3.3 Product Outlook
  • 10.3.4 Key Developments
• 10.4 Sompo Holdings, Inc.
  • 10.4.1 Overview
  • 10.4.2 Financial Performance
  • 10.4.3 Product Outlook
  • 10.4.4 Key Developments
• 10.5 Fairfax Financial Holdings Limited
  • 10.5.1 Overview
  • 10.5.2 Financial Performance
  • 10.5.3 Product Outlook
  • 10.5.4 Key Developments
• 10.6 Prudential Financial, Inc.
  • 10.6.1 Overview
  • 10.6.2 Financial Performance
  • 10.6.3 Product Outlook
  • 10.6.4 Key Developments
• 10.7 AXA
  • 10.7.1 Overview
  • 10.7.2 Financial Performance
  • 10.7.3 Product Outlook
  • 10.7.4 Key Developments
• 10.8 Everest Re Group, Ltd.
  • 10.8.1 Overview
  • 10.8.2 Financial Performance
  • 10.8.3 Product Outlook
  • 10.8.4 Key Developments
• 10.9 Zurich Insurance Group Ltd.
  • 10.9.1 Overview
  • 10.9.2 Financial Performance
  • 10.9.3 Product Outlook
  • 10.9.4 Key Developments
• 10.10 Tokio Marine Holdings, Inc.
  • 10.10.1 Overview
  • 10.10.2 Financial Performance
  • 10.10.3 Product Outlook
  • 10.10.4 Key Developments

11 KEY DEVELOPMENTS

• 11.1 Product Launches/Developments
• 11.2 Mergers and Acquisitions
• 11.3 Business Expansions
• 11.4 Partnerships and Collaborations

12 Appendix

• 12.1 Related Research