Global pet insurance market will reach $20.58 billion by 2030, growing by 12.5% annually over 2020-2030 driven by the growth in pet ownership, rising in companion animal population, increasing disposable income, and an increase in the awareness related to pet insurance.
Highlighted with 95 tables and 79 figures, this 160-page report “Global Pet Insurance Market 2020-2030 by Insurance Type (Accident & Illness, Accident Only), Policy Type (Lifetime, Non-Lifetime), Animal Type (Dogs, Cats, Other Animals), Provider (Private, Public), Distribution Channel, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global pet insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global pet insurance market in every aspect of the classification from perspectives of Insurance Type, Policy Type, Animal Type, Provider, Distribution Channel, and Region.
Based on Insurance Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Accident & Illness
o Dogs
o Cats
o Other Pets
• Accident Only
o Dogs
o Cats
o Other Pets
Based on Policy Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Lifetime Coverage
• Non-Lifetime Coverage
Based on Animal Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Dogs
o Accident & Illness
o Accident Only
• Cats
o Accident & Illness
o Accident Only
• Other Animals
o Accident & Illness
o Accident Only
Based on Provider, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Private Insurance Providers
• Public Insurance Providers
Based on Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Insurance Agency
• Bancassurance
• Brokers
• Direct Sales
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Sweden, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Spain, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Insurance Type, Animal Type, and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Agria
Anicom Holding
ASPCA
Bow Wow Meow
Embrace Pet Insurance Agency, LLC
Healthy Paws Pet Insurance
Ipet Insurance
More Than
Nationwide Mutual Insurance Company
Petfirst Healthcare LLC
Petplan Limited
Petsecure Pet Health Insurance
Trupanion
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 22
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter’s Fiver Forces Analysis 37
3 Segmentation of Global Market by Insurance Type 41
3.1 Market Overview by Insurance Type 41
3.2 Accident & Illness 43
3.3 Accident Only 44
4 Segmentation of Global Market by Policy Type 45
4.1 Market Overview by Policy Type 45
4.2 Lifetime Coverage 47
4.3 Non-Lifetime Coverage 48
5 Segmentation of Global Market by Animal Type 49
5.1 Market Overview by Animal Type 49
5.2 Dogs 51
5.3 Cats 55
5.4 Other Animals 59
6 Segmentation of Global Market by Provider 60
6.1 Market Overview by Provider 60
6.2 Private Insurance Providers 62
6.3 Public Insurance Providers 63
7 Segmentation of Global Market by Distribution Channel 64
7.1 Market Overview by Distribution Channel 64
7.2 Insurance Agency 66
7.3 Bancassurance 67
7.4 Brokers 68
7.5 Direct Sales 69
8 Segmentation of Global Market by Region 70
8.1 Geographic Market Overview 2019-2030 70
8.2 North America Market 2019-2030 by Country 74
8.2.1 Overview of North America Market 74
8.2.2 U.S. 78
8.2.3 Canada 83
8.2.4 Mexico 85
8.3 European Market 2019-2030 by Country 87
8.3.1 Overview of European Market 87
8.3.2 Germany 91
8.3.3 U.K. 93
8.3.4 France 95
8.3.5 Sweden 97
8.3.6 Italy 99
8.3.7 Netherlands 101
8.3.8 Rest of European Market 103
8.4 Asia-Pacific Market 2019-2030 by Country 105
8.4.1 Overview of Asia-Pacific Market 105
8.4.2 Japan 109
8.4.3 China 112
8.4.4 Australia 114
8.4.5 India 116
8.4.6 South Korea 118
8.4.7 Rest of APAC Region 120
8.5 South America Market 2019-2030 by Country 122
8.5.1 Argentina 125
8.5.2 Brazil 127
8.5.3 Chile 129
8.5.4 Rest of South America Market 131
8.6 MEA Market 2019-2030 by Country 132
8.6.1 UAE 135
8.6.2 Saudi Arabia 137
8.6.3 South Africa 139
8.6.4 Other National Markets 141
9 Competitive Landscape 142
9.1 Overview of Key Vendors 142
9.2 New Product Launch, Partnership, Investment, and M&A 145
9.3 Company Profiles 146
Agria 146
Anicom Holding 148
ASPCA 149
Bow Wow Meow 150
Embrace Pet Insurance Agency, LLC 151
Healthy Paws Pet Insurance 152
Ipet Insurance 153
More Than 154
Nationwide Mutual Insurance Company 155
Petfirst Healthcare LLC 156
Petplan Limited 157
Petsecure Pet Health Insurance 158
Trupanion 159
RELATED REPORTS 160
List of Tables:
Table 1. Snapshot of Global Pet Insurance Market in Balanced Perspective, 2019-2030 18
Table 2. Growth Rate of World GDP, 2020-2022 21
Table 3. Cost Associated with Owing Pets 27
Table 4. Five-year Increase in Average Pet Insurance Rates, 2016-2021 29
Table 5. Main Product Trends and Market Opportunities in Global Pet Insurance Market 33
Table 6. Global Pet Insurance Market by Insurance Type, 2019-2030, $ mn 41
Table 7. Global Pet Insurance Market: Accident & Illness by Animal Type, 2019-2030, $ mn 43
Table 8. Global Pet Insurance Market: Accident Only by Animal Type, 2019-2030, $ mn 44
Table 9. Global Pet Insurance Market by Policy Type, 2019-2030, $ mn 45
Table 10. Global Pet Insurance Market by Animal Type, 2019-2030, $ mn 49
Table 11. Global Pet Insurance Market: Dogs by Insurance Type, 2019-2030, $ mn 51
Table 12. Monthly Premium of Dog Insurance by Breed, June 2021 52
Table 13. Average Cost of Common Treatments for Dogs, June 2021 54
Table 14. Global Pet Insurance Market: Cats by Insurance Type, 2019-2030, $ mn 55
Table 15. Monthly Premium of Cat Insurance by Breed, June 2021 56
Table 16. Average Cost of Common Treatments for Cats, June 2021 58
Table 17. Global Pet Insurance Market: Other Animals by Insurance Type, 2019-2030, $ mn 59
Table 18. Global Pet Insurance Market by Provider, 2019-2030, $ mn 60
Table 19. Global Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 64
Table 20. Global Pet Insurance Market by Region, 2019-2030, $ mn 71
Table 21. Leading National Pet Insurance Market, 2019 and 2030F, $ mn 73
Table 22. North America Pet Insurance Market by Country, 2019-2030, $ mn 76
Table 23. U.S. Pet Insurance Market by Insurance Type, 2019-2030, $ mn 80
Table 24. U.S. Pet Insurance Market by Animal Type, 2019-2030, $ mn 80
Table 25. U.S. Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 80
Table 26. Number of U.S. Households That Own a Pet by Type of Animal, 2019-2020, million 81
Table 27. Total Number of Pets Owned in U.S. by Type of Animal, 2017-2018, million 82
Table 28. Total U.S. Pet Industry Expenditures, 2010-2019, $ billion 82
Table 29. Canada Pet Insurance Market by Insurance Type, 2019-2030, $ mn 84
Table 30. Canada Pet Insurance Market by Animal Type, 2019-2030, $ mn 84
Table 31. Canada Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 84
Table 32. Mexico Pet Insurance Market by Insurance Type, 2019-2030, $ mn 86
Table 33. Mexico Pet Insurance Market by Animal Type, 2019-2030, $ mn 86
Table 34. Mexico Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 86
Table 35. Europe Pet Insurance Market by Country, 2019-2030, $ mn 90
Table 36. Germany Pet Insurance Market by Insurance Type, 2019-2030, $ mn 92
Table 37. Germany Pet Insurance Market by Animal Type, 2019-2030, $ mn 92
Table 38. Germany Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 92
Table 39. U.K. Pet Insurance Market by Insurance Type, 2019-2030, $ mn 94
Table 40. U.K. Pet Insurance Market by Animal Type, 2019-2030, $ mn 94
Table 41. U.K. Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 94
Table 42. France Pet Insurance Market by Insurance Type, 2019-2030, $ mn 96
Table 43. France Pet Insurance Market by Animal Type, 2019-2030, $ mn 96
Table 44. France Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 96
Table 45. Sweden Pet Insurance Market by Insurance Type, 2019-2030, $ mn 98
Table 46. Sweden Pet Insurance Market by Animal Type, 2019-2030, $ mn 98
Table 47. Sweden Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 98
Table 48. Italy Pet Insurance Market by Insurance Type, 2019-2030, $ mn 100
Table 49. Italy Pet Insurance Market by Animal Type, 2019-2030, $ mn 100
Table 50. Italy Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 100
Table 51. Netherlands Pet Insurance Market by Insurance Type, 2019-2030, $ mn 102
Table 52. Netherlands Pet Insurance Market by Animal Type, 2019-2030, $ mn 102
Table 53. Netherlands Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 102
Table 54. Pet Insurance Market in Rest of Europe by Country, 2019-2030, $ mn 104
Table 55. APAC Pet Insurance Market by Country, 2019-2030, $ mn 107
Table 56. Japan Pet Insurance Market by Insurance Type, 2019-2030, $ mn 111
Table 57. Japan Pet Insurance Market by Animal Type, 2019-2030, $ mn 111
Table 58. Japan Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 111
Table 59. China Pet Insurance Market by Insurance Type, 2019-2030, $ mn 113
Table 60. China Pet Insurance Market by Animal Type, 2019-2030, $ mn 113
Table 61. China Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 113
Table 62. Australia Pet Insurance Market by Insurance Type, 2019-2030, $ mn 115
Table 63. Australia Pet Insurance Market by Animal Type, 2019-2030, $ mn 115
Table 64. Australia Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 115
Table 65. India Pet Insurance Market by Insurance Type, 2019-2030, $ mn 117
Table 66. India Pet Insurance Market by Animal Type, 2019-2030, $ mn 117
Table 67. India Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 117
Table 68. South Korea Pet Insurance Market by Insurance Type, 2019-2030, $ mn 119
Table 69. South Korea Pet Insurance Market by Animal Type, 2019-2030, $ mn 119
Table 70. South Korea Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 119
Table 71. Pet Insurance Market in Rest of APAC by Country/Region, 2019-2030, $ mn 121
Table 72. South America Pet Insurance Market by Country, 2019-2030, $ mn 124
Table 73. Argentina Pet Insurance Market by Insurance Type, 2019-2030, $ mn 126
Table 74. Argentina Pet Insurance Market by Animal Type, 2019-2030, $ mn 126
Table 75. Argentina Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 126
Table 76. Brazil Pet Insurance Market by Insurance Type, 2019-2030, $ mn 128
Table 77. Brazil Pet Insurance Market by Animal Type, 2019-2030, $ mn 128
Table 78. Brazil Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 128
Table 79. Chile Pet Insurance Market by Insurance Type, 2019-2030, $ mn 130
Table 80. Chile Pet Insurance Market by Animal Type, 2019-2030, $ mn 130
Table 81. Chile Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 130
Table 82. MEA Pet Insurance Market by Country, 2019-2030, $ mn 134
Table 83. UAE Pet Insurance Market by Insurance Type, 2019-2030, $ mn 136
Table 84. UAE Pet Insurance Market by Animal Type, 2019-2030, $ mn 136
Table 85. UAE Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 136
Table 86. Saudi Arabia Pet Insurance Market by Insurance Type, 2019-2030, $ mn 138
Table 87. Saudi Arabia Pet Insurance Market by Animal Type, 2019-2030, $ mn 138
Table 88. Saudi Arabia Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 138
Table 89. South Africa Pet Insurance Market by Insurance Type, 2019-2030, $ mn 140
Table 90. South Africa Pet Insurance Market by Animal Type, 2019-2030, $ mn 140
Table 91. South Africa Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 140
Table 92. Agria: Company Snapshot 146
Table 93. Agria: Business Segmentation 146
Table 94. Agria: Product Portfolio 147
Table 95. Agria: Revenue, 2018-2020, $ mn 147
