Setting

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

Published: 30 Sep 2021 | Report Code: 10248194 | Pages: 160

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 Five 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.)

Table of Contents:

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

 

List of Figures:

Figure 1. Research Method Flow Chart    12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation    15
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030    17
Figure 4. Global Pet Insurance Market, 2019-2030, $ mn    19
Figure 5. Impact of COVID-19 on Business    22
Figure 6. Primary Drivers and Impact Factors of Global Pet Insurance Market    24
Figure 7. Average Monthly Cost of Pet Insurance for Dogs and Cats, June 2021    28
Figure 8. Primary Restraints and Impact Factors of Global Pet Insurance Market    30
Figure 9. Investment Opportunity Analysis    34
Figure 10. Porter’s Fiver Forces Analysis of Global Pet Insurance Market    37
Figure 11. Breakdown of Global Pet Insurance Market by Insurance Type, 2019-2030, % of Revenue    42
Figure 12. Global Addressable Market Cap in 2021-2030 by Insurance Type, Value ($ mn) and Share (%)    42
Figure 13. Global Pet Insurance Market: Accident & Illness, 2019-2030, $ mn    43
Figure 14. Global Pet Insurance Market: Accident Only, 2019-2030, $ mn    44
Figure 15. Breakdown of Global Pet Insurance Market by Policy Type, 2019-2030, % of Sales Revenue    46
Figure 16. Global Addressable Market Cap in 2021-2030 by Policy Type, Value ($ mn) and Share (%)    46
Figure 17. Global Pet Insurance Market: Lifetime Coverage, 2019-2030, $ mn    47
Figure 18. Global Pet Insurance Market: Non-Lifetime Coverage, 2019-2030, $ mn    48
Figure 19. Breakdown of Global Pet Insurance Market by Animal Type, 2019-2030, % of Sales Revenue    50
Figure 20. Global Addressable Market Cap in 2021-2030 by Animal Type, Value ($ mn) and Share (%)    50
Figure 21. Global Pet Insurance Market: Dogs, 2019-2030, $ mn    51
Figure 22. Monthly Premium of Pet Insurance for Dogs, June 2021    52
Figure 23. Cost of Five Most Common Conditions for Dogs, June 2021    53
Figure 24. Global Pet Insurance Market: Cats, 2019-2030, $ mn    55
Figure 25. Monthly Premium of Pet Insurance for Cats, June 2021    56
Figure 26. Cost of Five Most Common Conditions for Cats, June 2021    57
Figure 27. Global Pet Insurance Market: Other Animals, 2019-2030, $ mn    59
Figure 28. Breakdown of Global Pet Insurance Market by Provider, 2019-2030, % of Revenue    61
Figure 29. Global Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%)    61
Figure 30. Global Pet Insurance Market: Private Insurance Providers, 2019-2030, $ mn    62
Figure 31. Global Pet Insurance Market: Public Insurance Providers, 2019-2030, $ mn    63
Figure 32. Breakdown of Global Pet Insurance Market by Distribution Channel, 2019-2030, % of Revenue    65
Figure 33. Global Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%)    65
Figure 34. Global Pet Insurance Market: Insurance Agency, 2019-2030, $ mn    66
Figure 35. Global Pet Insurance Market: Bancassurance, 2019-2030, $ mn    67
Figure 36. Global Pet Insurance Market: Brokers, 2019-2030, $ mn    68
Figure 37. Global Pet Insurance Market: Direct Sales, 2019-2030, $ mn    69
Figure 38. Global Market Snapshot by Region    70
Figure 39. Geographic Spread of Worldwide Pet Insurance Market, 2019-2030, % of Sales Revenue    71
Figure 40. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%)    72
Figure 41. North American Pet Insurance Market, 2019-2030, $ mn    75
Figure 42. Breakdown of North America Pet Insurance Market by Country, 2019 and 2030, % of Revenue    76
Figure 43. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)    77
Figure 44. U.S. Pet Insurance Market, 2019-2030, $ mn    79
Figure 45. Canada Pet Insurance Market, 2019-2030, $ mn    83
Figure 46. Pet Insurance Market in Mexico, 2015-2030F, $ mn    85
Figure 47. European Pet Insurance Market, 2019-2030, $ mn    88
Figure 48. Breakdown of European Pet Insurance Market by Country, 2019 and 2030, % of Revenue    89
Figure 49. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)    90
Figure 50. Pet Insurance Market in Germany, 2019-2030, $ mn    91
Figure 51. Pet Insurance Market in U.K., 2019-2030, $ mn    93
Figure 52. Pet Insurance Market in France, 2019-2030, $ mn    95
Figure 53. Pet Insurance Market in Sweden, 2019-2030, $ mn    97
Figure 54. Pet Insurance Market in Italy, 2019-2030, $ mn    99
Figure 55. Pet Insurance Market in Netherlands, 2019-2030, $ mn    101
Figure 56. Pet Insurance Market in Rest of Europe, 2019-2030, $ mn    103
Figure 57. Asia-Pacific Pet Insurance Market, 2019-2030, $ mn    106
Figure 58. Breakdown of APAC Pet Insurance Market by Country, 2019 and 2030, % of Revenue    106
Figure 59. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)    108
Figure 60. Pet Insurance Market in Japan, 2019-2030, $ mn    110
Figure 61. Pet Insurance Market in China, 2019-2030, $ mn    112
Figure 62. Pet Insurance Market in Australia, 2019-2030, $ mn    114
Figure 63. Pet Insurance Market in India, 2019-2030, $ mn    116
Figure 64. Pet Insurance Market in South Korea, 2019-2030, $ mn    118
Figure 65. Pet Insurance Market in Rest of APAC, 2019-2030, $ mn    120
Figure 66. South America Pet Insurance Market, 2019-2030, $ mn    123
Figure 67. Breakdown of South America Pet Insurance Market by Country, 2019 and 2030, % of Revenue    123
Figure 68. Contribution to South America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)    124
Figure 69. Pet Insurance Market in Argentina, 2019-2030, $ mn    125
Figure 70. Pet Insurance Market in Brazil, 2019-2030, $ mn    127
Figure 71. Pet Insurance Market in Chile, 2019-2030, $ mn    129
Figure 72. Pet Insurance Market in Rest of South America, 2019-2030, $ mn    131
Figure 73. Pet Insurance Market in Middle East and Africa (MEA), 2019-2030, $ mn    133
Figure 74. Breakdown of MEA Pet Insurance Market by Country, 2019 and 2030, % of Revenue    133
Figure 75. Contribution to MEA 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)    134
Figure 76. Pet Insurance Market in UAE, 2019-2030, $ mn    135
Figure 77. Pet Insurance Market in Saudi Arabia, 2019-2030, $ mn    137
Figure 78. Pet Insurance Market in South Africa, 2019-2030, $ mn    139
Figure 79. Growth Stage of Global Pet Insurance Industry over the Forecast Period    142
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.)