Global Pet Life Insurance Market Growth (Status and Outlook) 2024-2030
Pet lifetime insurance is a type of insurance that provides long-term medical protection for pets, and is designed to cover the medical expenses that may be incurred by pets due to illness, accidents, etc. throughout their life cycle. This type of insurance requires pet owners to pay a certain amount of insurance premium every year or every month to ensure that the pet can receive timely and effective medical support when needed.
The global Pet Life Insurance market size is projected to grow from US$ 3887 million in 2024 to US$ 7106 million in 2030; it is expected to grow at a CAGR of 10.6% from 2024 to 2030.
LPI (LP Information)' newest research report, the “Pet Life Insurance Industry Forecast” looks at past sales and reviews total world Pet Life Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Pet Life Insurance sales for 2023 through 2029. With Pet Life Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pet Life Insurance industry.
This Insight Report provides a comprehensive analysis of the global Pet Life Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Pet Life Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Pet Life Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pet Life Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pet Life Insurance.
The main market for pet insurance is Europe with about 55%, followed by North America with about 25%. Major players include Petplan UK (Allianz), Agria, Royal & Sun Alliance (RSA), Nationwide, Trupanion, etc. The top three players account for about 40% of the whole market.
This report presents a comprehensive overview, market shares, and growth opportunities of Pet Life Insurance market by product type, application, key players and key regions and countries.
Segmentation by Type:
Online
Offline
Segmentation by Application:
Dog
Cat
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Segmentation by Type:
Online
Offline
Segmentation by Application:
Dog
Cat
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Petplan UK (Allianz)
Nationwide
Trupanion
Petplan NorthAmerica(Allianz)
Hartville Group
Pethealth
Petfirst
Embrace
Royal & Sun Alliance (RSA)
Direct Line Group
Agria
Petsecure
PetSure
Anicom Holding
Please note: The report will take approximately 2 business days to prepare and deliver.