Olive grove insurance market seen reaching $1.87 billion by 2030

By AI, Created 1:51 PM UTC, May 29, 2026, /AGP/ – The Business Research Company says the olive grove insurance market will grow from $1.3 billion in 2025 to $1.87 billion by 2030, driven by climate risk, expanding olive production and rising disease pressure. North America led the market in 2025, while Asia-Pacific is expected to grow fastest.

Why it matters: - Olive grove insurance is becoming more relevant as farmers face more climate shocks, pest outbreaks and crop losses tied to olive production. - The market’s growth signals rising demand for tools that protect farm income and stabilize investment in olive orchards.

What happened: - The Business Research Company projected the olive grove insurance market will rise from $1.3 billion in 2025 to $1.39 billion in 2026. - The market is forecast to reach $1.87 billion by 2030. - The report pegs 2025-2026 growth at a 7.4% compound annual growth rate and 2026-2030 growth at 7.7%. - The report was published in London on May 29, 2026. - A free sample of the report is available online.

The details: - The report says past market growth has been driven by droughts, floods, pest and disease outbreaks, expanding commercial olive farming, higher investment in farm assets and supportive agricultural insurance rules. - Future growth is expected to come from digital farm monitoring, artificial intelligence, predictive analytics, climate-resilient insurance products, cooperative and large-scale olive farming, and higher farmer awareness. - Key trends cited in the report include climate-linked crop insurance, weather index coverage, multi-peril coverage, farm data analytics tied to insurance platforms, better risk assessment and loss forecasting, and revenue protection. - Olive grove insurance is designed to protect orchard owners from losses tied to natural disasters, extreme weather, pests, diseases, fires and other hazards. - The insurance is intended to protect income, stabilize yields and support long-term sustainability in olive farming. - Climate-related disasters are a major growth driver, including wildfires, floods, droughts and severe storms. - The report cites the National Centers for Environmental Information as saying the U.S. had 28 weather and climate disasters in 2023 that each cost more than $1 billion, up from 18 in 2022. - Rising olive oil production is also boosting demand for coverage. - The International Olive Council reported global olive oil production increased from 2,589,000 tonnes in the 2023/24 crop year to about 3,572,000 tonnes in 2024/25, a 38% jump. - Plant diseases are adding pressure on growers and pushing more insurance uptake. - The Food and Agriculture Organization says plant pests destroy up to 40% of global food crops each year and cause more than $220 billion in agricultural trade losses, with invasive pests responsible for at least $70 billion in damage.

Between the lines: - The report points to a broader shift in agriculture toward risk transfer as climate volatility makes crop losses harder to absorb. - Larger olive operations appear to be a key demand source because bigger farms carry more capital at risk and need broader coverage. - North America held the largest market share in 2025, while Asia-Pacific is forecast to be the fastest-growing region. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The data suggests insurers are moving toward more granular products that price weather, disease and revenue risk more precisely.

What’s next: - The Business Research Company expects adoption of climate-linked products, weather index policies and multi-peril coverage to keep expanding. - The report also highlights upcoming use cases for AI-based risk management and farm-data integration across insurance platforms. - The company said the 2026 edition adds market attractiveness scoring, TAM analysis, company scoring matrix graphics, Excel forecasting dashboards, market hotspot infographics and updated trend analysis.

The bottom line: - Olive grove insurance is shifting from a niche product to a growth market as climate risk and olive oil output both rise.