Press release
Latin America Pet Insurance Market Projected to Reach Nearly $1.27 Billion by 2030, Growing at a 16.4% CAGR
Latin America Pet Insurance Market
๐น๐๐๐๐๐๐ ๐บ๐๐๐๐๐ ๐ช๐๐๐ ๐๐ ๐น๐๐๐๐๐- https://www.alliedmarketresearch.com/request-sample/16261
According to the report published by Allied Market Research, the Latin America pet insurance market generated $0.28 billion in 2020, and is projected to reach $1.27 billion by 2030, growing at a CAGR of 16.4% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Increase in the number of veterinary centres, rising medical expenses in veterinary medicine, significant surge in the demand for pet policies, and growth in need for financial safety in cases of uncertainties are expected to drive the growth of the Latin America pet insurance market. On the other hand, extortionate cost of pet insurance policies is expected to hinder the growth to some extent. However, increase in government initiatives regarding pet insurance policies are expected to create ample opportunities for the industry.
COVID-19 Scenario
The outbreak of COVID-19 has had a negative impact on the growth of the Latin America pet insurance market, owing to the prevalence of lockdowns in various countries across region. Lockdowns led to the closure of majority of the diagnosis and veterinary centres during the pandemic due to the stringent social distancing restrictions imposed by several government bodies.
However, the market is predicted to recoup soon.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ฎ๐ซ ๐๐ฏ๐๐ซ๐ฒ ๐๐จ๐ฎ๐๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/purchase-enquiry/16261
The key market players analyzed in the Latin America pet insurance market report include Ipet Insurance, Pets Best Insurance Services, LLC, Embrace Pet Insurance Agency, LLC, Figo Pet Insurance LLC, Hartville Group, Royal & Sun Alliance (RSA) and Trupanion, Hartville Group, Nationwide, Pet Assure Corp., PetFirst.
The report offers a detailed segmentation of the Latin America pet insurance market based on policy coverage, animal type, sales channel and region.
Based on policy coverage, the accident & illness segment generated the highest market share in 2020, garnering more than four-fifths of the total market. The accident only segment, on the other hand, is expected to cite the fastest CAGR of 20.1% during the forecast period.
Based on animal type, the dogs segment held the majority share in 2020, holding more than two-thirds of the total market. The cats segment, on the other hand, is anticipated to exhibit the fastest CAGR of 19.7% during the forecast period.
By sales channel, the agency segment held the lion' share in 2020, garnering nearly two-thirds of the total market. The broker segment, on the other hand, is predicted cite the fastest CAGR of 20.1% during the forecast period.
๐ฐ๐ ๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐, ๐๐๐๐๐๐ ๐๐๐ ๐๐ ๐๐๐๐: https://www.alliedmarketresearch.com/request-for-customization/16261?reqfor=covid
๐๐ญ๐ก๐๐ซ ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐๐ฆ๐ ๐๐จ๐ฆ๐๐ข๐ง -
Singapore Student Loan Market: https://www.alliedmarketresearch.com/singapore-student-loan-market-A18746
Commercial Property Insurance Market: https://www.alliedmarketresearch.com/commercial-property-insurance-market-A11622
Mutual Fund Assets Market: https://www.alliedmarketresearch.com/mutual-fund-assets-market-A06932
Mobile Money Market: https://www.alliedmarketresearch.com/mobile-money-market-A123587
Neobanking Market: https://www.alliedmarketresearch.com/neobanking-market
Contact:
David Correa
1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com
https://pooja-bfsi.blogspot.com/
https://www.quora.com/profile/Pooja-BFSI
https://medium.com/@psaraf568
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" 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 Latin America Pet Insurance Market Projected to Reach Nearly $1.27 Billion by 2030, Growing at a 16.4% CAGR here
News-ID: 3771393 • Views: โฆ
More Releases from Allied Market Research
Automotive Carbon Wheels Market Projected to Grow from $626 Million in 2021 to $ โฆ
According to a new report published by Allied Market Research, titled, "Automotive Carbon Wheels Market," The automotive carbon wheels market was valued at $626.00 million in 2021, and is estimated to reach $1.5 billion by 2030, growing at a CAGR of 9.9% from 2022 to 2030.
Automotive carbon wheels are designed for use in high-performance vehicles such as sports cars and SUVs, where wheel strength, weight, and vibration dampening capabilities areโฆ
Electric Cargo Bike Market to Expand at an 11.7% CAGR, Reaching $7.2 Billion by โฆ
Allied Market Research published a report, titled, "Electric Cargo Bike Market by Type (Front Loader, Long Tail), Application (Personal Use, Delivery and Courier, Waste and Municipal Services, and Others), and Range (Less than 50 km, and More than 50 km): Global Opportunity Analysis and Industry Forecast, 2023-2032". The global electric cargo bike market size was valued at $2,385.5 million in 2022, and is projected to reach $7,228.2 million by 2032,โฆ
Automotive Glow Plug Market Projected to Grow from $2.7 Billion in 2021 to $4 Bi โฆ
According to the report published by Allied Market Research, the global automotive glow plug market garnered $2.7 billion in 2021, and is estimated to generate $4.0 billion by 2031, manifesting a CAGR of 4.1% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startupsโฆ
Workplace Safety Market to Expand at a 12.2% CAGR, Reaching $39 Billion by 2031
According to a new report published by Allied Market Research, titled, "Workplace Safety Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by System, by Deployment Mode, by Application, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031."
๐๐จ๐ซ๐ค๐ฉ๐ฅ๐๐๐ ๐๐๐๐๐ญ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ, ๐๐๐๐ :
The global workplace safety market was valued at $12.8 billion in 2021, and is projected to reach $39 billion by 2031, growing at aโฆ
More Releases for Pet
Pet Travel Services Market 2020 PetSino IPATA Happy Tails Travel Pet Travel PetR โฆ
With the slowdown in world economic growth, the Pet Travel Services industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Pet Travel Services market size to maintain the average annual growth rate of 15 from XXX million $ in 2014 to XXX million $ in 2019, BisReport analysts believe that in the next few years, Pet Travel Services market size willโฆ
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni โฆ
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.โฆ
Recycled PET Market Share, Recycled PET Market Size, Recycled PET Market Trends, โฆ
Scope of the Report:
This study provides an overview of the global recycled PET market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years forโฆ
Pet Care Products Market is Booming Worldwide | Mars, Merrick Pet Care, Central โฆ
HTF MI released a new market study on Global Pet Care Products Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study providesโฆ
Pet Furniture Market Is Booming Worldwide | Go Pet Club, North American Pet Prod โฆ
HTF MI recently introduced Global Pet Furniture Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which are accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Go Pet Club, North American Pet Products, MidWest Homes for Pets,โฆ
Pet Utility Products Market 2018- Advanced Pet Products, IRIS USA Inc, Costal Pe โฆ
This report studies the global market size of Pet Utility Products in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Pet Utility Products in these regions.
Request a Sample of this Report@ http://www.orbisresearch.com/contacts/request-sample/2304884
This research report categorizes the global Pet Utility Products market by players/brands, region, type and application. This report also studies the global market status, competitionโฆ
