Press release
Pet Insurance Market Worth $ 16.8 Billion by 2030 at 14.3% CAGR | Nationwide, Pet Assure Corp., PetFirst
Pet Insurance Market
Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/4353
Furthermore, growing and increased demand for insurance policies and rise in need for financial safety in case of increasing uncertainties are boosting the growth of the global pet insurance market trends. In addition, surge in number of pets is having positively impacts growth of the market. However, lack of awareness regarding pet insurance policy and high premium cost is hampering the market growth. On the contrary implementation of technologies in existing products and service lines government initiatives regarding Pet insurance policies are expected to offer remunerative opportunities for expansion of the market during the forecast period.
The global pet insurance market size was valued at $4.5 billion in 2020, and is projected to reach $16.8 billion by 2030, registering a CAGR of 14.3% from 2021 to 2030.
The outbreak of COVID-19 is anticipated to have a positive impact on growth of pet insurance market. This is attributed to increase in demand of pet insurance caused due to pandemic. In addition, the pandemic has led to adopt increase in spending rates in insurance products owing to the increase in awareness of importance of life. Due to which half of the pet insurance owner are also inclined towards buying pet insurance for future concern. Furthermore, the pandemic has resulted have favored to insurance industry and contributed in economy by giving businesses to insurance players.
Buy Now: https://www.alliedmarketresearch.com/checkout-final/3ffbb131f2859b4a35164498e6e77775
The key players profiled in the pet insurance market analysis are Embrace Pet Insurance Agency, LLC, Figo Pet Insurance LLC., Hartville Group, Nationwide, Pet Assure Corp., PetFirst, Ipet Insurance, Pets Best Insurance Services, LLC, Royal & Sun Alliance (RSA), and Trupanion. These players have adopted various strategies to increase their market penetration and strengthen their position in the pet insurance industry.
Key Findings of The Study
By policy coverage, the accident & illness segment accounted for the largest pet insurance market share in 2020.
By sales channel, the agency segment accounted for the largest pet insurance market growth in 2020.
Region wise, Europe generated highest revenue in 2020.
Depending on Animal type, dogs generated the highest revenue in 2020.
Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4353
Trending Reports:
India Dental Insurance Market: https://www.alliedmarketresearch.com/india-dental-insurance-market-A13997
Mobile Phone Insurance Market: https://www.alliedmarketresearch.com/mobile-phone-insurance-market
Cloud Computing in Insurance Market: https://www.alliedmarketresearch.com/cloud-computing-in-insurance-market-A15385
Earthquake Insurance Market: https://www.alliedmarketresearch.com/earthquake-insurance-market-A15164
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pet Insurance Market Worth $ 16.8 Billion by 2030 at 14.3% CAGR | Nationwide, Pet Assure Corp., PetFirst here
News-ID: 3066445 • Views: …
More Releases from Allied Market Research
General Aviation Market Forecast : Surpass USD 47.1 Billion by 2033, with a CAGR …
Allied Market Research published a report, titled, "General Aviation Market by Product (Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft and Business Jet), Application (Commercial and Non-Commercial): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the general aviation market was valued at $30.7 billion in 2023, and is estimated to reach $47.1 billion by 2033, growing at a CAGR of 4.6% from 2024 to 2033.
The general aviation market is…
Frozen Hake Market Estimated to Reach USD 3.1 Billion by 2034, Growing at a CAGR …
Allied Market Research published a report, titled, "Frozen Hake Market by Species (Atlantic Hake, Pacific Hake and Others), Form (Frozen Whole Hake, Frozen Hake Fillets and Others), and Distribution Channel (Local Distributors, Supermarkets/Hypermarkets and Online Channels): Global Opportunity Analysis and Industry Forecast, 2024-2034". According to the report, the frozen hake market was valued at $1.4 billion in 2023, and is estimated to reach $3.1 billion by 2034, growing at a…
5G Equipment Market Size Growing at 14.5% CAGR Reach USD 23.9 Billion by 2032
Allied Market Research published a new report, titled, "5G Equipment Market Size Growing at 14.5% CAGR Reach USD 23.9 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
Security as a Service Market Growing at 19.4% CAGR Reach USD 75 Billion by 2032
Allied Market Research published a new report, titled, "Security as a Service Market Growing at 19.4% CAGR Reach USD 75 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and…
More Releases for Insurance
Renters Insurance Market Dazzling Worldwide with Major Giants Travelers Insuranc …
According to HTF Market Intelligence, the Global Renters Insurance market to witness a CAGR of xx% during the forecast period (2024-2030). The Latest research study released by HTF MI "Renters Insurance Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying…
Renters Insurance Market to See Competition Rise | Travelers Insurance, Geico In …
HTF MI introduces new research on Renters Insurance covering the micro level of analysis by competitors and key business segments (2023-2029). The Renters Insurance explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Insurance Road Assistance Services Market Is Booming Worldwide | Travelers Insur …
Insurance Road Assistance Services Market: The extensive research on Insurance Road Assistance Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Insurance Road Assistance Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the…
Agriculture Crop Insurance Market Type (MPCI Insurance, Hail Insurance, Livestoc …
Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market…
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview
The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market…
Life Insurance Market in Kuwait By Warba Insurance Company, Al Ahleia Insurance …
GlobalData’s 'Life Insurance in Kuwait, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).
The report also…
