Index-based Agricultural Insurance Market was valued at USD 3.05 Billion in 2022 and is projected to reach USD 6.56 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
From 2018 to 2022, the index-based agricultural insurance market experienced notable growth driven by the increasing adoption of innovative insurance models, technology advancements, and the need for risk management in the agricultural sector. The period marked a strong shift toward more data-driven solutions, such as satellite and weather-based indices, which helped mitigate risks for farmers in regions vulnerable to climate change. The rising demand for crop insurance, particularly in developing countries, was fueled by the need to protect agricultural yields against unpredictable weather patterns, pest outbreaks, and other challenges. With increasing awareness and government initiatives promoting agricultural insurance, the market saw investments in tools that enhanced the accuracy of yield forecasts, improved claims settlement processes, and supported farmers with timely compensation.
The period from 2023 to 2033 is expected to see continued expansion in the index-based agricultural insurance market, with demand projected to increase significantly. This growth will be influenced by the adoption of advanced technologies such as machine learning, blockchain for secure claims processing, and the continued integration of satellite data to provide more accurate and real-time assessments of agricultural conditions. The next decade will see an expansion into emerging markets, where agriculture remains a critical component of the economy and where new insurance products tailored to smallholder farmers are being developed. Additionally, climate change resilience will be a key driver, as farmers face greater uncertainty about weather patterns and need more reliable coverage options. Governments worldwide are expected to increase support for these initiatives, further enhancing their scalability and accessibility.
Get an In-Depth Research Analysis of the Global Index-based Agricultural Insurance Market Size And Forecast [2025-2032]
PICC
Zurich (RCIS)
Chubb
QBE
China United Property Insurance
American Financial Group
Prudential
XL Catlin
Everest Re Group
Endurance Specialty
CUNA Mutual
Agriculture Insurance Company of India
Tokio Marine
CGB Diversified Services
Farmers Mutual Hail
Archer Daniels Midland
New India Assurance
ICICI Lombard
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Index-based Agricultural Insurance Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Index-based Agricultural Insurance Market
Corn
Soybeans
Wheat
Cotton
Others
Based on Types the Market is categorized into Below types that held the largest Index-based Agricultural Insurance market share In 2023.
Weather Index
Yield Index
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Index-based Agricultural Insurance Market Research Analysis
1. Introduction of the Global Index-based Agricultural Insurance Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Index-based Agricultural Insurance Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Index-based Agricultural Insurance Market, By Type
6. Global Index-based Agricultural Insurance Market, By Application
7. Global Index-based Agricultural Insurance Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Index-based Agricultural Insurance Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/