An image processing apparatus which composes a plurality of images captured while changing an exposure amount, includes a displacement detection unit which detects a displacement amount between the plurality of images, a correction unit which corrects a displacement between the images based on the displacement amount detected by the displacement detection unit, a moving object region detection unit which detects a moving object region from the plurality of images for which the displacement has been corrected, an image composition unit which composes the plurality of images for which the displacement has been corrected, and a moving object processing unit which replaces a region corresponding to the moving object region of the composite image composed by the image composition unit by an image obtained by performing weighted addition of the plurality of images.