23 Jul, 2026
According to Straits Research, the global agriculture reinsurance market size was valued at $20.73 billion in 2025 and is projected to grow from $23.28 billion in 2026 to $58.89 billion by 2034 at a CAGR of 12.3% during the forecast period 2026-2034.
Agriculture reinsurance covers the financial and production risks of farmers and related shortfall risks of interrelated stakeholders such as input suppliers or grain processors. A growing global population and changing diets are fueling the demand for higher crop output, making agriculture reinsurance a necessity for capital to increase production.
The global agriculture reinsurance market is segmented by product and application. On the basis of product, the market is segmented into managed crop hail insurance, multi-peril crop insurance, livestock insurance, greenhouse insurance, aquaculture insurance, bloodstock insurance, and forestry insurance. Managed crop hail insurance reinsurance is expected to hold the largest market share during the forecast period.
By geography, the global reinsurance market has been studied across North America, Europe, Asia-Pacific, and Latin America and the Middle East and Africa (LAMEA).
Governments in the U.S. and Canada provide significant reinsurance support. Advanced space and weather monitoring technologies are boosting the growth of the agriculture reinsurance market in North America.
Europe is one of the prominent regions in the agriculture reinsurance market, due to the presence of many agriculture reinsurance companies in the region. In Asia-Pacific, the robust and established institutional framework for agriculture research and strong sponsorship of the government of many countries in the region are driving the growth of the agriculture reinsurance market. LAMEA is expected to grow at a significant rate, as there is immense potential for reinsurance companies.
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