Pet Insurance Market size was valued at US$ 5.26 Bn. in 2021 and the total revenue is expected to grow at 16.5 % through 2022 to 2029, reaching nearly US$ 17.86 Bn.
Pet Insurance Market Report Scope and Research Methodology
Maximize Market Research Pvt. Ltd., a leading market research firm based in Pune, India, is pleased to announce the release of its latest market research report on the Pet Insurance Market. The report reveals valuable insights and forecasts for this rapidly growing sector.
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The Pet Insurance Market is segmented based on Policy Type, Service Provider, and Region, providing valuable insights into growth factors and application areas. The report offers a deep analysis, including historical data, industry-validated market figures, and estimates based on comprehensive research methodologies.
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What are Pet Insurance Market Dynamics?
The Pet Insurance Market has experienced remarkable growth in recent years, with a market size valued at US$ 5.26 billion in 2021. The market is poised for substantial expansion, with a projected annual growth rate of 16.5% from 2022 to 2029, reaching nearly US$ 17.86 billion by the end of the forecast period.
One of the driving factors behind this growth is the increased adoption of pets, particularly puppies and kittens, during the COVID-19 pandemic. As people sought companionship and comfort during these challenging times, pet insurance emerged as a promising category for personal insurance carriers. The global pet insurance market is expected to exceed $10 billion by 2025.
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What is Pet Insurance Market Regional Insight?
Europe leads the global Pet Insurance market, with significant pet insurance coverage in countries like the United Kingdom and Sweden. Favorable insurance policies and the presence of major corporations drive growth.
The United States, with its high pet ownership rates and increased awareness of pet insurance, holds the second-largest market share. The country’s strong economic conditions support both production and end-user levels.
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What is Pet Insurance Market Segmentation?
by Policy Type
• Accident & illness
• Accident only
• Others
by Service Provider
• Private
• Public
by Animal Type
• Dogs
• Cats
• Others
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Who are Pet Insurance Market Key Players?
• Warburg Pincus
• Nationwide
• Trupanion
• Hartville Group
• Embrace
• Royal &Sun Alliance (RSA)
• Direct Line Group
• Agria
• Anicom Holding
• ipet Insurance
• Japan Animal Club
• Floracopeia Inc.
• UniKode S.A.
• Robertet Groupe
• Lluch Essence Sl
• International Fragrance and Flavor Inc.
• Fleurchem Inc
• PetFirst Healthcare LLC
• Petsecure
• Petplan Limited
Table of content for the Pet Insurance Market includes:
- Global Pet Insurance Market: Research Methodology
- Global Pet Insurance Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Pet Insurance Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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