Pet Insurance Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Pet Insurance Market size was valued at USD 6.9 billion in 2020 and is estimated to grow at 7% CAGR between 2021 and 2027.

Pet insurance includes full or partial reimbursement of the cost of pet care in the event of an illness or accident. Pet insurance includes insurance for pets such as cats, dogs, rabbits, horses and other animals. Pet insurance falls under the category of accident and property insurance. Pet insurance companies are looking to spark market growth by establishing partnerships with animal breeders and shelters, veterinarians and others. In addition, customer preferences are changing, driving market growth as insurance companies increase their efforts to educate their customers about veterinary costs and insurance plans.

Market Segments

By Policy Coverage

• Accident only
• Accident & illness
• Others

By Animal

• Cat
• Dog
• Others

By Provider

• Public
• Private
• Others

Key Players

Some of the key players competing in the global market for pet insurance are Floracopeia Inc., UniKode S.A., Robertet Groupe, Lluch Essence Sl, International Fragrance and Flavor Inc., Fleurchem Inc.,Frager S.A., Ernesto Ventos Sa, and Haiti Essential Oil Co., SA.

Scope of the Report

The research study analyzes the global Pet Insurance industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Pet Insurance Market Report

1. What was the Pet Insurance Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of the Pet Insurance Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Pet Insurance Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.