Pet Insurance Market Research Report By Coverage Type (Accident-only, Accident & Illness), By Animal Type (Dogs, Cats), By Sales Channel, and by Region- Global Forecast to 2034
May-2025 Formats | PDF | Category: Healthcare | Delivery: 24 to 72 Hours
“The Pet Insurance Market industry is expected to expand from 22.34 Billion in 2025 to $ 48.6 Billion in 2034, with a compound annual growth rate of 17.99% “
Pet Insurance Market: Overview and Growth in the Upcoming Year
Pet insurance can help cover some of the costs of your beloved pets’ veterinary care. Similar to human health insurance, pet insurance provides financial security in the event of accidents, illnesses, or injuries. As more pet owners seek to provide the best care possible for their furry companions, the market for pet insurance has expanded dramatically in recent years.
A number of factors are contributing to the growth of the pet insurance market. First, pet owners’ increasing awareness of the importance of their pets’ health and welfare is fueling the demand for pet insurance. Additionally, advances in veterinary science have made it possible to treat a wider range of pet illnesses, which raises the value of pet insurance.
The global pet insurance market is expected to continue expanding over the coming years, according to recent industry research. Both the growing popularity of pets as companions and technological advancements are predicted to cause the industry to grow significantly. The rise in pet ownership worldwide is another factor contributing to the rising demand for pet insurance.
For Insights Consultancy’s latest market intelligence study, “Global Pet Insurance Market 2025, Growth Opportunities, and Forecast,” provides a comprehensive analysis of the Food industry. The report includes demand analysis, industry insights, competition intelligence, and a customer database. It also offers strategic insights into future trends, growth determinants, supplier landscape, demand landscape, CAGR, and pricing analysis. The study also includes Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, and Ecosystem Analysis.
*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 110+ is available for purchase to all the interested stakeholders.
Top Companies Covered In This Report:
- Trupanion, Inc.
- Deutsche Familienversicherung AG (DFV)
- Petplan (Allianz)
- Jab Holding Company
- Direct Line
- Lassie
- Getsafe GmbH
- Waggel Limited
- Feather Insurance
- Napo Limited
- Tesco
- Sainsbury Bank Plc
- Fressnapf Holding SE
- EQT Group
- MetLife Services and Solutions, LLC
- HDFC Ergo
- AliPay
- Nationwide Mutual Insurance Company
- Anicom Insurance
Industry News
May 21 2024 Swedish Pet-Tech Lassie Approaches 100 000 Customers and Launches in France
Lassie, the world’s first preventive pet insurance ecosystem, announces today its expansion to France following rapid growth in Sweden and Germany. This strategic decision comes as France ranks among the top three European countries in terms of pet ownership, with more than 53% of French households owning at least one dog or cat.
22 March 2024 Tesco’s pet partnership; Hiscox’s poetry; Biba’s compliance lead
Trupanion and Boehringer Ingelheim announced in June 2024 that they would collaborate to expand access to veterinary care by giving Trupanion’s clients comprehensive veterinary information and advice compiled by Boehringer Ingelheim.
Paws n Claws is a dog pet insurance plan that was introduced by HDFC ERGO Insurance in April 2024. It covers veterinary expenses such as diagnostic tests, treatments, and medications, and it can be tailored to the individual needs of the policyholder.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2034, Y-o-Y growth rate, and CAGR):
Segment By Coverage Type
- Accident & Illness
- Accident only
- Others
Segment By Animal Type
- Dogs
- Cats
- Others
By Sales Channel
- Agency
- Broker
- Direct
- Bancassurance
- Others
Regional Deep-dive Analysis:
The report provides in-depth qualitative and quantitative data on the Pet Insurance Market for all of the regions and countries listed below:
North America includes the United States, Canada, and Mexico.
Europe includes Germany, France, Italy, the United Kingdom, Scandinavia, Benelux, Russia, and the rest of Europe.
Asia-Pacific includes Japan, South Korea, India, China, Southeast Asia, and Australia.
South America (including Brazil, Argentina, and the rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)
Each country is studied in detail, and the study includes qualitative and quantitative analysis of the Pet Insurance Market in that country.
North America
North America is one of the largest pet insurance markets. The United States leads the market in this area because so many pet owners are willing to pay for insurance for their furry friends. The three main players in the North American pet insurance market are Nationwide, ASPCA Pet Health Insurance, and Trupanion.
Europe
Europe is another significant player in the pet insurance market. In countries like France, Germany, and the UK, pet insurance is widely accessible. For example, pet insurance is practically necessary due to the high cost of veterinary care in the UK. Among the top pet insurance providers in Europe are Petplan, AXA, and Agria.
Asia-Pacific
Asia Pacific’s pet insurance market is growing rapidly as a result of increased disposable income and pet adoption. Countries like China, Japan, and Australia have seen a rise in the demand for pet insurance. In Japan, where companies like Anicom Holdings and Sompo Holdings control the market, pet insurance is considered essential.
Middle East and Africa
The Middle Eastern pet insurance market is growing favourably, despite its early stages. In countries like Saudi Arabia and the United Arab Emirates, pet ownership is increasing, which has raised demand for insurance. Regional companies like Petsecure and Al Dar Insurance are entering the market to fill this gap.
The research provides answers to the following key questions:
- What is the expected growth rate of the Pet Insurance Market from 2025-2034?
- What are the key driving forces shaping the market during the forecast period?
- Who are the major market vendors and what winning strategies have helped them occupy a strong foothold in the Pet Insurance Market?
- What are the prominent market trends influencing the market’s development?
Key insights provided by the report that could help you take critical strategic decisions?
- Regional reports analyse product/service consumption and market factors in each region.
- Reports highlight possibilities and dangers for suppliers in the Pet Insurance Market business globally.
- The report identifies regions and sectors with the highest growth potential.
- It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
- The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
Customization: We can provide following things
1) On request more company profiles (competitors)
2) Data about particular country or region
3) We will incorporate the same with no additional cost (Post conducting feasibility).
Any Requirement Contact us: https://forinsightsconsultancy.com/contact-us/
Table of Contents
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